Word: decontrolling
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...last week everybody had taken a crack at OPA. Congress had worn it down, making price boosts to jibe with a new set of rules. Ceilings on grain and dairy products had been knocked over the fence in the Price Decontrol Board's big inning. Last week it was the Department of Agriculture's turn to humble Washington's once-powerful price fixers...
...blurred, easy voice, Decontrol Board Chairman Roy Thompson let the big price secret out through the nation's radios. Livestock, meat, soybeans, cottonseed, flaxseed and their by-products would go back under controls on a date to be fixed by the OPA. Dairy products and most grains would not. "I expect," concluded Chairman Thompson, red-eyed from weariness, "that we are going to hear plenty of criticism...
...opinion, meat, soybeans, cottonseed etc. had qualified for a return to price ceilings on every count during the price-free period (July 1 to Aug. 20). Milk prices had risen less. That was all there was to it. Gratefully, the Board moved off the griddle to await the decontrol questions that would be passed up from the Agriculture Department and OPA, and to keep its price-eye on the free-wheeling dairy folk. Congress, and supposedly the people, had got what they asked for. The country was a step toward a free market, but it was a hesitant, tentative step...
Nobody was very much surprised when the Price Decontrol Board ordered a restoration of ceilings on meat, left grains free (see NATIONAL AFFAIRS). But hog and cattle producers had expected the ceilings to be clamped on immediately. On the day after issuance of the restoration order, receipts at major markets fell to record lows...
...policy: 1) press the fight for price control for another 30 days, 2) if prices continued to rise, reopen wage clauses on a national scale. Then Walter Reuther, obviously hoping that the Decontrol Board was listening, threatened to reopen the Chrysler contract...