OCR Text |
Show WILL STABILIZE STEEL INDUSTRY. After the conference, officials, in explaining ex-plaining the steel committee's recommendation recommen-dation for continued supervision by the war Industries board, said that if price control were abandoned and the price of steel decreased those who stocked up with raw and semifinished materials at the fixed price could not compete with those who could go into the market with lower prices prevailing. On the other hand, if the price should increase, manufacturers with stocks on hand would have an advantage. ad-vantage. Government supervision and price control, it was explained, will prevent pre-vent any such conditions and stabilize the industry until it Is on a peace basis. . This formal joint statement was issued by Chairman Baruch of the war industries indus-tries board and Elbert H. Gary, chairman of the steel committee, after the meeting: meet-ing: "The discussion followed general lines regarding trade conditions, both of national na-tional and international nature, and with the main purpose of preserving Industrial Indus-trial stability. |