The Archive · 1938

Price Fixing

Washington, Jan. 22.

Government economists here to-day said the achievement of President, Roosevelt's price goal—restoration of prices at approximately the 1926] Jevel—would require higher food, tex-{ile and farm prices, but would stabilize and reduce the prices of other commodities.

Mr, Roosevelt, it was said, seeks lower, prices on commodities where Jquotations have surpassed the general price average advance such as in the steel, lumber and cement industries.

Commodities said to be considerably below the 1926 level, and therefore destined for increases if the President's plan is adopted, include dairy products, fruits, vegetables, meats, silk, rayon, cotton, woollen worsteds, automobile tyres and tubes, fuel, lighting materials, gains, live socie and poultry, it was said—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

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