Word: priced
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Dates: during 1930-1939
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...Wartime Price-Fixing...
...TIME herewith sets right a misconception which Mr. Baruch has been trying to clarify for 25 years. The Price Fixing Committee of the War Industries Board, which fixed prices on such commodities as aluminum, concrete, cotton fabrics, was appointed by and responsible to the U. S. President. Mr. Baruch, while Chairman of the War Industries Board, was only an ex-officio member of the Price Fixing Committee, and was, by Presidential instruction, "governed by the advice" of the committee "in the determination of prices...
...Negotiation? Nevertheless, Peace, not War, was paradoxically the chief concern of all three European belligerents-and most of the rest of the world -last week. Everybody wanted it but no body seemed to know the simplest factors in any plan for getting it-how? where? through whom? at what price...
When the crop came to market late this summer, prices staggered "under the surplus. By September 8, farmers were in a funk; the bellowing auctioneers were knocking down the tobacco at 14½?. Then Britain's big Imperial Tobacco Co., which normally buys a third of the flue-cured crop, stepped out of the market. For one more week the farmers hung on and watched their crops going at ever lower prices. When prices broke through 11? (half of last year's price), they desperately closed the markets...
...sheepish growers wondered what their ransom was going to be. North Carolina's big, handsome Commissioner of Agriculture William Kerr Scott suggested sadistically that the markets be reopened, the farmers left to squirm. Henry Wallace announced in an AAA pamphlet: ". . . It would not be sound to undertake price-supporting measures for the 1939 crop unless farmers indicate a desire to regulate marketings for the 1940 crop." Warehousemen held meetings, shouted for crop control, promised to use their influence on the farmers...