Word: hendersons
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With the House still on vacation, Leon Henderson's price control bill still gathered dust in a drawer last week. But prices gathered neither dust nor moss...
Even where Henderson had imposed ceilings, there was no stopping the upward trend. When he "suggested" fair prices for gasoline at Northeastern Seaboard filling stations last week, most dealers kept selling for at least ½? higher. Henderson himself admitted that the six-month-old steel scrap ceiling was generally ignored and threatened to "crack down" (but he did not say with what...
...case, the motormakers knew where they stood. They were no longer in the middle of the OPM-OPACS feud over whether a 20% or 50% cut was called for; time had proved OPACS right, and Henderson and Knudsen spoke alike at last week's meeting. Jim Adams' passenger car quotas were precise to the smallest manufacturer. For the four months ending Nov. 30, they were...
...knew Mr. Eccles was surprised at his warning. Himself the No. 1 spend-in-depression, save-in-boom exponent, he has lately also been an ardent supporter of Leon Henderson's efforts to stop inflation by saving the consumer from himself. To Henderson, the 18-month limit on time sales of consumers' durable goods looks generous. Henderson had already persuaded Eccles to include furniture in his list of controlled goods. Now he pushed him into threatening still sharper restrictions...
...Leon Henderson, all he could do was go back to his office, announce more price ceilings, hope that by some miracle they would be obeyed. Last week he put ceilings on raw sugar, burlap, copper, pig tin, pine lumber. But bootlegging has put holes in Leon's previous ceilings and doubtless will continue to riddle his new ones...