CONTROLS: Inflation by Publication

At a retailers' convention in Manhattan last week, Botany Mills' President Charles F. H. Johnson stood up and asked: "How can anyone gauge or predict market trends without knowing what bewildering statements will be issued?" On four different occasions, said Johnson, Government spokesmen, by sounding off on Government buying plans which failed to develop, had sent wool prices soaring. Cried Johnson: "Here is a perfect example of inflation by publication."

Off Again, On Again. Washington abounded in inflation by publication last week. Roly-poly Price Administrator Mike DiSalle dropped his plan for a 30-day price freeze...

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