Word: leon
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Dates: during 1940-1949
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...mills tried frantically to add to their stocks, price of silk on the New York Commodity Exchange spiraled last week from $3.04 to $3.65 a pound. Then OPACS's Leon Henderson clamped down with a request to suspend trading, a tentative price ceiling of $3.04 (the Monday level). To Manhattan's Commodity Exchange (which suspended silk trading and deliveries this week) this meant loss of its last important item of trade. Copper and rubber trading had been suspended previously and hide trading is limited by a price ceiling...
Defense was boggling along in a Sargasso Sea of red tape, internecine jealousies and an out-&-out struggle for control, a struggle now at the stage of daggers-at-close-range between Leon Henderson's OPACSters and the Knudsen OPMites (see p. 64). Publicly Franklin Roosevelt had scouted the idea that he wanted a single controlling head in charge of the entire defense effort; privately he went on scouting for the right...
...long-smoldering feud between Bill Knudsen's OPM and Leon Henderson's OPACS finally exploded last week-right under the nation's automobile manufacturers. The explosion was an order issued by Henderson: the industry would have to cut automobile and light truck production 50%, to about 2,400,000 units in the new model year. It could make 600,000 units a month in August, September and October. After that the limit was 200,000 a month. Only assembly lines for heavy trucks badly needed for transportation and Army could keep going top speed (600,000 last...
...first time in a month, the cotton gray-goods market in Manhattan's Worth Street did business this week. Reason: Leon Henderson decided under pressure that the gray-goods price ceiling he set last month was too low, issued his first order revising an entire industry ceiling upward...
While Henderson was thus compromising a rebellion against his price orders, he was also busy trying to get the law passed which will enable him to enforce his orders, rebellion or no (TIME, July 21). President Roosevelt finally came out in favor of immediate price legislation, and Leon sat down with Congressional leaders to work out a bill that Congress would be willing to pass. Obviously Leon would have to compromise here...