PRICES: Peace Terms

For the first time last week businessmen were eager to fill out Government forms. Within 24 hours of WPB's announcement on Aug. 15 permitting production of 79 classes of civilian goods (TIME, July 24), WPB field offices ran out of blanks on which manufacturers could apply for the privilege.

This preview of the bigger rush to come when more reconversion is possible, may have prompted Price Boss Chester Bowles to outline last week the price policies he intends to follow after war in Europe ends.

First he issued a warning: the U.S. must avoid a sudden rise of prices such as occurred in...

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