Chief features of the bill passed last week by Congress:
Farm Prices. Leaves undisturbed the 10% rollback on livestock but forbids any further rollbacks in beef. Allows other rollbacks to 90% of the May 1951 levels or to parity, whichever is higher. On the other hand, farm prices go up if other prices climb.
Non-Farm Prices. Cloudy and intricate in wording, the measure in no way lowers prices, may actually raise them. It permits rollbacks in future, but only to present levels or to prices between Jan. 24 and Feb. 24, whichever is higher. On the other hand, present ceilings must be...
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