Shoe Makers Face Possible Price Rise From Production Costs
The OPA may push shoe manufacturers and dealers to absorb new production cost increases, likely raising retail prices. Last December a 4½ percent rise was granted but margins were narrowed, and prices were largely unchanged. Last week the agency boosted retail prices 10 to 15 percent on about a quarter of shoes, mainly those under five dollars. OPA anticipates a 3–4 percent rise for alloy steel, with February tinplate increases discounted to fit the $52 per ton average limit.
MENTIONED IN THIS ARTICLE
OPA
Louisiana Business Activity Reaches Ten Months Peak in April
Louisiana business activity rose to its highest level in ten months in April, the state university bureau of business research reported. April sales were 6.7 percent above March with Easter demand lifting department store sales by 17.6 percent and higher nominal figures due to the dollar's weaker purchasing power. Payments to Louisiana veterans surpassed three and three.
MENTIONED IN THIS ARTICLE
Baton Rouge
Louisiana
State University
Bureau of Business Research
New shoe and steel price hikes eyed by OPA officials
Washington reports a likely general price increase for shoes as leather costs rise. An unnamed OPA official said steel used in many consumer goods and nails and window screens will see higher prices, though overall finished goods inflation may stay modest.
MENTIONED IN THIS ARTICLE
Washington
OPA
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