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Newspaper
Patoka Register
Location
Patoka, Illinois, United States of America
Date
Jul 02, 1948
Page
5
Federal Reserve surveys data from June by the University of Michigan anticipate higher 1948 purchases in homes autos and other durable goods as postwar production continues to rise and consumer confidence improves.
A market survey shows durable goods demand remains strong with a large liquid backlog, autos and housing constrained by production. Two thirds of spending units hold liquid backlogs, installment buying rising, and 27 percent expect higher incomes next year while 47 percent foresee good times, signaling a bright near term outlook despite higher prices and supply limits.
This and all comparable surveys are necessarily based on a short term outlook. No one is willing to stick his neck out on what may happen over a period of some years. There has been a steady decline in family savings, most marked in the middle and low income groups. Even so, the country's savings backlog is extremely high, so the drop hasn't occasioned too much worry as yet.
Mr and Mrs Carl Robertson spent a few days in St Louis last week Mrs Cecil Jones of Vandalia visited over the weekend with her
Mrs W H Linton hosts visitors as Marilyn Cooley of Vernon visits Mila Jean Caudle and attends Bear Creek Sunday School. Fred Ducharme of Kankakee and Mrs Anne Benefiel visit relatives in Robinson area while Lem Ballance remains hospitalized with poor condition. Vance Murfin and son stop by Asher Brumet home Sunday afternoon.
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