Word: opa
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...price rise in cocoa in recent weeks had outstripped every other commodity. Decontrolled by OPA at 14.95? a pound, December cocoa had soared to 35.45?. Last week, after rising the legal limit each day for seven days, it got to 42.25?. Spot deliveries were quoted at 49?, a whopping 900% above 1939-3 price...
...steamed north, Harry Truman could ponder the problems. While he was away, food prices had spiraled up to such heights (see BUSINESS) that the people were numb from just talking about them. Ever since the abolition of OPA, Harry Truman had tried to solve the price-wage question by issuing statements-an expedient sometimes called "government by incantation." Soon Harry Truman might have to take some action-although with Congress away from Washington, there might be little he could accomplish...
Another thing nobody relished was the idea of trying to slap controls, patterned on WPB and OPA, on some segments of the U.S. economy. Controls have a horrid sound in a free economy. Yet it became clear that the U.S. was going to have a painful time giving Europe long-haul help. Without controls, it might be impossible to extract adequate amounts of the things Europe needed most-e.g., grains and steel -from an economy in which these items were already none too plentiful...
...that disobeyed were fined, or kept on the beach. The Federal Government refused to interfere, citing the exemption of unions from prosecution for trade monopoly under the Norris-LaGuardia Act. Then the union went a step further, ordered crews to refuse to sell fish for less than the former OPA prices...
...blessing, but he did not think it was likely that it would bring about price reductions. It was also not likely to turn up many hot profiteering conspiracies. The truth was that Tom Clark's Justice Department had already investigated some of the thousands of complaints received since OPA's death and had dredged up nothing that really looked like an air-tight price-rigging case...