Word: hendersons
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...stand on the firing line between U.S. business and inflation. They were members of the National Association of Purchasing Agents, the most price-conscious men in the U.S. Their convention this year was a remarkable get-together between Government's pricers and buyers-Knudsen, Henderson, Nelson, et al.-and those of industry...
...Government could halt the inflationary spiral with its present controls (inventory pools, priorities, taxation of consumer incomes, OPACS price ceilings, etc.). Only trouble was that some of the measures (like ceilings on wages and farm prices) were political dynamite. Problem: would the Government have the guts? Burly Leon Henderson told the delegates the Government would. He said that OPACS was ready to crack down on any situation, including wages, that got out of line. (Last week he voiced some opposition to railroad labor's demand for a 30% raise.) Getting down to fundamentals, he even threatened to crack down...
Last week's report made such bad reading that even habitually sanguine Franklin Roosevelt could think of no comment beyond predicting general priorities on steel. Next day priorities came. OPM's Stettinius announced that he and OPACS's Leon Henderson would allocate 75% of steel production (the share not now going to defense and Britain) among competing civilian needs. Graceful living was clearly due for another shock...
...Bureau of Labor's index of retail food prices is up more than 4% since Christmas. Thus OPACS had a political as well as economic reason to take action. Last week it did, but consumers did not feel it. John Kenneth Galbraith, Princeton economics teacher who is Leon Henderson's price chief in OPACS, came down like a ton of brick on the high cost of-pepper...
Price Hawk Leon Henderson last week nailed his seventh price ceiling on a U.S. industry: cotton yarns. Unlike the ceiling set for steel, machine tools, etc., this time he cut drastically below the prevailing market price (around 52? a pound for combed cotton yarn), imposed a much lower maximum (40? a pound). This, he explained, was "to discourage any notion that an industry can run up prices . . . with the idea that the ceiling will be established at the speculative levels...