GOVERNMENT: Wolf by the Ears

I hold a wolf by the ears. Nor do I know by what means I can get rid of him, nor how I am to keep him.—Terence

Most U.S. industries last week had a price wolf by the ears. For the cement industry, a way to get rid of him seemed relatively plain. Bowing to a Federal Trade Commission order recently upheld by the Supreme Court (TIME, May 10), Universal Atlas Cement Co., largest cement maker in the U.S., last week grudgingly gave up its basing-point system of pricing. The company called the order "economically unsound and wrong," but it...

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