Salt Lake Telegram | 1933-10-21 | Page 1 | President Bans Price Control

PRESIDENT BANS PRICE CONTROL Controversial Issue Shelved in Drafting of Retail Re Re- tail Code Dr By Associated Press WASHINGTON Oct 21 21 Proposals Proposals for government sanction S of a minimum minimum mini mini- mum price margin to retail stores face almost certain rejection by the administration Authoritative officials say President President President dent Roosevelt definitely has shelved the he plan to prohibit In a master code retail sales at prices below invoice oice cost plus lus 10 percent To what extent the theIRA theN theN N IRA R A may go in banning price slashes as unfair competition is up to Mr Roosevelt S Involved in the question are differences differences differences differ differ- between farm prices and industrial indus indus- trial prices one of the f focal al points of N anti R A agitation in western farm larm arm sections This dissension Hugh HughS Hugh'S S S. Johnson believes elleves will vanish when ever everything every every- thing hing is in full swing In everything everything everything every thing the N R A administration Included In In- included eluded farm adjustment efforts and the he public works