To Lend or Not to Lend Big Question in 1940s Credit
The ABA warns bankers to curb installment credit especially for autos as Americans carry nearly 20 billion dollars in installment payments. Advocates from consumer finance firms, retailers, and the National Retail Furniture Association push continued credit to sustain sales and mass production, while Fed officials caution debt is concentrated among lower incomes and could strain families if incomes fall.
MENTIONED IN THIS ARTICLE
New York
American Bankers Association
ABA
Paul L Selby
National Consumer Finance Association
Selby
Edward A. Lifson
National Retail Furniture Association
Federal Reserve Bank
Commerce Department
Director of Finance
Middletown
Ohio
al Pospen
Fina
City of
Francis 8S. Carmody
Wheat Forecast Sees 1.132 Billion Bushels This Year
Washington The Agriculture Department projects this year's wheat crop at 1.1325 billion bushels, creating a surplus that could trigger production controls under crop laws. The forecast rises 92.5 million from last month and contrasts with last year's 1.2914 billion but sits near the 1942 51 average of 1.088 billion. A large 575 million bushel reserve and weaker export prospects drive the surplus outlook.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Benson
Columbus Doctor Dies
Dr. Isaac B. Harris physician surgeon and professor at Ohio State College of Medicine dies at 89. Funeral services set for Friday in Columbus.
MENTIONED IN THIS ARTICLE
Columbus
Isaac B. Harris
Ohio State University
College of Medicine
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