Price Boss Leon Henderson has long held the theory that price increases which stimulate needed production are not inflationary. Last week he established his first price ceiling putting that theory into practice.
In the month before war began, the price of zinc was 4.72 a lb. and U.S. production was 41,000 tons. Then the price rose to 7.25¢, where it has been pegged by voluntary agreement for a year. Production rose tooto an all-time high of 75,524 tons last August. But for civilian requirements, Lend-Lease and the Army (brass cartridge cases) the U.S. now needs about 97,000 tons a month.
So...
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