THE PRESIDENCY: Prices & Money

As he sometimes does when he has a point to make to the country through its newspapers. President Roosevelt primed a friendly newshawk to ask him about commodity prices at last week's first press conference. He thereupon delivered a 20-min. discourse. Chief points: 1) the Administration, through AAA, HOLC and NRA, is still firmly committed to raising the national price level; 2) the goal will not necessarily be the fabled 1926 index, may aim at pre-War parity between agricultural and industrial prices; 3) wages will have to be upped responsively.

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