Monday, Jun. 23, 1941

Leon's Week

With prices popping around him like popcorn in a fire, busy Leon Henderson last week:

> Put a ceiling on hides of 15-c- a lb., 2-c- below recent highs.

> Stabilized quotations on several paperboard products.

> Started an investigation of silk prices.

> Asked Standard Oil of Ohio to postpone a proposed 1/2-c--a-gal. rise in Diesel, tractor and furnace oil prices.

> Asked Ford, Studebaker, Chrysler, Nash and Hudson, who raised prices $10 to $53 a car last fortnight, to rescind their decision. He scolded them for not consulting him first.

It was possible this week that the oilmen and the automen might not comply. This would be the first direct challenge of the authority behind Henderson's price ceilings, which he himself describes as mere "jawbone control." If his jawbone ceases to control, Henderson will go to Congress, ask for specific price legislation, expects to get it.

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