PAGE EIGHT ALTON EVENING TELEGRAPH THURSDAY, SEPTEMBER 26,1963 Inflation Is Only Creeping tty SAM DAWSON AP Business NP\VR Analyst NEW YORK (AP) — Battle- scared American consumers are used to creeping inflation—priees of one thing or another going up hefe and there from time to time. But talk of a new concerted spurt just ahead may well be premature. 1*lmes aren't that booming, no matter what the stock market says. Retailers and manufacturers are still too competitive. Recent price rises, mostly of in- dustriaJ materials or products, are considered too scattered and too tentative to change the present trend — which, alas, is that of still further creeping inflation. But a general substantial price rise looks dim indeed to most economists, in and out of government, at this time. Most Americans are primarily interested in the prices on the finished products at the retail level. A few scattered price rises on raw materials play only a small role in setting these. Much more important in recent years has been the increase in other costs of production and distribution. The government index of wholesale prices continues its largely sidewise movement. The rise of production and distribution costs above the whole sale and raw material levels has caused the creeping inflation both in finished goods and in services. This has caused, and still does, disarray in many family budgets. But offsetting it today, as in the last few years, has been the chance .to shop around for bargains. Manufacturers have too much idle production capacity to raise prices sharply. Retailers have been too competitive for consumer dollars not to offer bargains for those who looked for them. For most persons then, the word that Detroit seems Jikely to hold the price line on its new auto models counts much more than a rise in the price of steam condensers. Prices, like stock prices, doubtless will fluctuate. Increases will be announced.'Some prices will be shaved when competition pinches. Until the economy booms a lot more than it now is expected to, and until excess industrial capacity is all put to work, inflation islikely to be held to its all but chronic state of creeping. Telegraph Want Ads "CLICK" Don't miss the Alton Public Schools 9 report to the community in Saturday night's Telegraph. It will contain facts about your school system ... so that you may know for what purpose your school tax dollars are being used and the needs for the future! EARLY AMERICAN CHAIR $O/188 SCHWARTZ HAVE ZENITH 1964 TELEVISION JUST ARRIVED— WE HAVE A COMPLETE DISPLAY OF 1964 ZENITH TELEVISION SETS "' T0 MAKR YOU PROUD T *' OR WORLD'S FINEST PCRFOMMANCtt Prom 149° 5 Tailored Swivels in fine Early American fabrics. Compare this chair with chairs priced at $50.00. 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