St. Ignatius post. [volume], May 31, 1951, Image 6

About St. Ignatius post. [volume] (St. Ignatius, Mont.) 1946-1962

Image provided by: Montana Historical Society; Helena, MT

                
• Increased pile-up of Inventories continues
to plague retail merchants along Main Street.
Dealers are increasing incentive offers for pur
chase, particularly for durable goods. One auto
mobile manufacturer authorized dealers to offer
‘a year's supply of gasoline free* in efforts to
move a particular model at faster pace. Fact that
stocks are continuing to pile, up is borne out by
survey of federal reserve board which shows de
partment store stocks 12 per dent higher than at
beginning of January and 30 per cent above year
ago levels.
• Survey shows retail sales of
house furnishings declined from excep- *
tionally high rates at beginning of
year and apparel and automobiles have
shown more than seasonal decline. mm
LITTLE CHANGE IN WHOLESALE PRICES FEATURE
• While wholesale commodity prices “
generally continue to show little change during
past month, consumer prices showed advance of .4
per cent, reflecting chiefly increase in retail
prices of furniture, house furnishings and serv
ices. Food prices showed little change during
past week.
• Reflecting voluntary slow-down on bank
credits, as reported in this column several weeks
ago, federal reserve board says business loans
-have slackened and average interest rates charged
by commercial banks on short-term business loans
rose from 2.84 per cent in first half of December
to 3.02 per cent in March.
© Indicating consumer resistance to high
prices, plus curbs placed on installment credit
purchases, installment credit shows $400,000,000
decline from October 1950 figure. Charge accounts
showed $72,000,000 drop which reflects debt pay
ments of buying wave of last January and February.
OVER-ALL BUSINESS STEADY
® Office of business economics of department
of commerce reports that while over-all business
held generally steady during past month there were
declines of 12 per cent in automobile and acces
sories, 8 per cent in lumber, building material
and hardware stores ; 4 per cent in furniture
sales ; 18 per cent in mens wear and 13 per cent
in department and general merchandise stores. Non
durable goods stores, groceries, drugs, eating
and drinking places and apparel stores, showed
steady business with slight increases. Chain
store trade also showed slight decline with 7 per
cent drop in mail-order business. In factories
small manufacturers and in service trades,
however, increase in business brought totals well
above previous month.
INVENTORIES STILL GOING UP
• Last week this column reported over-stocked
inventories, particularly in durable goods, and
specifically household appliances, were proving
boomerang in many sections. Latest business re
ports on inventories show these inventories still
going up. Total business inventories on April 1
were estimated at $67.2 billion, almost $2,000,-
000,000 above March 1. Manufacturers inventories
increased S9OO million; wholesalers S6OO million
and retailers S2OO million and about three-fifths
of changes were in book values representing in
creased prices,
~ ~ by the Washington Boreaa of WNU Featarea.
■^med Services ~ I
{Send your question* about the
armed forces or any aspect of military
service to-. Walter Shead, Armed Serv
ices Question Box, 1057 National Press
Building, Washington 4, D. C. An
swers will be given in this column. l
^NE HUNDRED and five medi
cal officers of the army
medical service reserve will be
ordered into active service during
June, the army has announced.
This marks the third such group
to be ordered into active service
since last December, the total being
2304 since the beginning of the
Korean fighting.
• • •
Q I am a disabled veteran un
der public law 16 and I received
an additional disability uhile I
was in training. Would I be eligi
ble for further public law 16
training on the basis of this sec
ond disability? J. L„ Moline, 111.
A. No. You may, however, be en
titled to compensation and medical
treatment for the injury received in
training, provided it resulted in an
additional disability and was not
the result of your own wilful mis
conduct.
To Mrs. A. J. K., Sedalia, Mo.
Your series of questions con
cerning the draft and draft ages
cannot be answered until the
draft and/or the UMT laws are
passed by congress.
Q. I have just entered military
service, and because of reduced in-
8,000,000 Vets Trained Under Gl Bill
Nearly 8,000,000 veterans have
had training under Public Law 16
and the GI Bill since the inception
of the two programs in 1943 and
1944, respectively. A total of 2,567,-
608 veterans obtained GI loans be
tween June 22, 1944, beginning of
program, and April 1, 1951. The
loans ^totaled $14.7 billion, of which
the'tveterans administration guar
anteed about half.
Veterans receiving college dip
lomas this spring under the Gl
L---A Weekly Newsletter
[ QUESTION BOXmil
come, can no longer meet pay-
ments on my $5,000 commercial
life insurance polity. Can I get
help to hold my policy? L. F. As„
Little Rock, Arkansas.
A. Under the Soldiers’ and Sail
ors" Civil Relief Act, the VA may
take over your payments while
you are in service and, if neces
sary, for two years afterwards. Aft
er your discharge, you will have to
repay VA for all the payments it
made for you.
Q. I bad $5,000 National Serv
ice Life Insurance when I came
out of the service and I'd like
to apply for $5,000 more, h it
too late? L.K.P., Phoenix. Ariz.
A. You no longer may apply for
new NSLI. The Servicemen’s In
demnity and Insurance Acts of 1951
passed April 25. er ded the issuance
of new NSLI as well as new U S
government life insurance for
World War I veterans.
Q- I am on active duly in the
army, and I have the SIO,OOO in
demnity protection under the
new law signed by the President
in April. Who gets the money
if I die in service? D.8.T., Wich
ita, Kansas.
A. The money is payable only to
surviving spouse, child, or chil
dren, brother or sister or parent;
and the insured may name one or
more beneficiaries within this per
mitted class.
bill, and who plan to take graduate
work in the fall, should file appli
cations with the veterans adminis
tration before graduation. The vet
erans administration also has an
nounced that it will give special
consideration to pre-veterinary GI
bill students unable to enter ac
credited veterinary schools by the
July 25 cut-off date. They will be
able to start training whenever an
accredited s :hool has room for
them.
ST. IGNATIUS POST
VIRGIL By ten Kleis
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MUTT AND JEFF By Bud Fisher
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Se FOR z< IN SAFETy I Place) j CROSS THeJ^ ^pr^CROSSED AMD GET IT/
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JITTER By Arthur Pointer
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WYLDE AND WOOLY By Bert Thomas
sicx. will V you better pay visit
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