AMERICA RESPONDS TO PRICE CUTTING APPEAL
Received Sunday, 7 p.m. X K \ V YORK, April 26. Five more coniiiiunit ies rangiug i'rom 1 Oregon to Pcnnsylvaiiia liave adopted j the "Xew btirv Port" jilan for a ten ! per eent. retuil price cut. In additionj niitny iuerchants in Culv-er City, Calii'oruia, and Liberty, Missouri, liave reduced jirices. The Secretarv of Coinnierce, Mr. j Averell Ilarriman, expressed gratifica- { tion at the response tliroughout the' eountry to Presideut Truman 's appeal j for price reductions. lie was confident busiiiessmen generaily would heed Mr. Truman '» advice becattso tliere . wasj grcater econoinic literacy nowadavs Ihaa before Ihe war. Pommodity prices which advaneed j foday included eotton, lamb,- flour andl turpentine. Declines were recorded in | hogs, corn, cotton cloth, wool, larcl, l coll'ee, cocoa and Jinseed oi]. The Standurd Brand distribittors' orgauisation has telegraphed Presideut Trnnian stating thev couhl reduce ptices for all tlieir liierehandise l(i per eent and still make a profit. A telegrani aibled: " However unfair, #h.e price lixing laws prevent our cuttiug prices. Will vou give us your moral support if we go altcad and cut prices despite tlie law ? ; '
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Chronicle (Levin), 28 April 1947, Page 5
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187AMERICA RESPONDS TO PRICE CUTTING APPEAL Chronicle (Levin), 28 April 1947, Page 5
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