Word: opa
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Tension. Over in the Senate, the galleries were nearly empty. During the week, the Senate had managed to approve the appointment of Lewis W. Douglas as Ambassador to Britain, send the Military Merger Bill to the Armed Services Committee, vote OPA into oblivion (expiration date: June 30), and promise a cut of $4½ billion in the President's $37.5 billion budget. The Senators had also had to stew around while colleagues on both sides of the aisle belabored the Congressional Record with eulogies of William Randolph Hearst (see PRESS), editorials and letters from the folks at home. Gradually...
Wearing a seersucker jacket, explains Dolan, first gave him a social conscience. When OPA lifted cotton controls last November, his favorite model skyrocketed from $17.50 to $22.50. He wrote to his congressman, as soon as his furnishers mailed him a bill for the increment...
With the demise of OPA in June, Dolan good naturedly acknowledged defeat. But he is convinced a method of holding the seersucker price line is to make it as popular in sultry summer Washington as it is on the banks of the Charles, grass stains...
...price of five months ago. Many another commodity edged up enough to shove Dun & Bradstreet's weekly index of wholesale food prices to a record high. Some metals rose too. Lead went up 1? to a new high of 14? a lb.; copper worth only 14 3/8? under OPA ceiling rose to 21? a Ib. Silver, which had sagged to 70? a Ib. in February, now somersaulted...
Cheer in the Cupboards. In high hog prices, the U.S. was paying for the post-OPA stampede of pigs to market last fall. The hog crop was so depleted then that pork would remain relatively scarce until May. There was a good prospect of $1-a-Ib. pork chops-if anyone would buy them. But there was no reason why anyone should; there was plenty of other lower-priced food to eat. The Department of Agriculture was actually worried because there was so much food in cold storage. Example: there were 140 million Ibs. of turkeys in cold storage...