PRICES: Retreat into Battle

The new stabilization program and the old OPA were in the fight of their lives. Like a wily general retreating to more favorable ground for a stand, Economic Stabilizer Chester Bowles last week gave way. And he made shrewd use of a Napoleonic strategy: buy off enough opponents so you have a chance of licking the rest.

Freedom for Oil. With the oil industry he made an uneasy peace by promising to suspend price ceilings soon on all petroleum products. As oilmen have vociferously pointed out, the supply of most petroleum products is now equal to demand. The only...

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