The Waterbury Democrat., 1942-04-23

T,he permanent price regulation can
~ short because 1t blankets oil prices
except those specifically listed, an
Informed source said. The e%eep-
tions include only two major groups
beth classiAcations or agricultural
commodities,
Farm products below the levels set
ia the io42 price control act will be
exempted. The only other impor-
tagat group exempted are commodi-
ties having acknowledgement veg
NtableS and fresh frults-that pre-"
vent them being brought under eff
fective price control without q tre-
mendous enforcement machinery,
some other scattered products Will
b6 excluded: for example, gasoline
win not DO covered because 1t al
ready Is under oPA regulations.
Four Price Levels
The four price levels written into
tho price control act by the congress
Hlcncl farm bloc provide for ITO per
cent OF parity, the levels OF Decent
Der 10, i94i, October lis, lo4i, and
the average OF farm prices from 1919
70 1920. Only the highest Of these
four may be used as O cealing FOR
farm prices.
The present temporary price
schedule on pork and dress hog
products will, In general, serve as
a4model for handling other agrlcul-
tilral commodities. The oPA will as
sumo no control over sales by the
farmer but will pick up It's control
ever quotations along the line, such
a9 with the packer, IN the case OF
hogs.
While the oPA will not establish
prices for farm sales, the order Is
expected TO cover many products
sUch as bread or daily products
which use agricultural supplies for
Ingredients. Ofiicial believe the
spread In some commodities between
the farmer and the consumer may
be squeezed without any undue
hardship. Where these conditions
eSist-and one OpA source indicated
they were wideSpread-the agency
Will step in at the wholesale or re.
tAil level and freeze prices.
One Dollar Increase
washington, April 23-(UP)-1t
took 90 In February TO buy the same
amount OF goods that 90 bought q
year ago. But In spite Of inflated
pfices Americans saved twice as
fauch.
The Commerce Department re-
vkaled today that national income
has increased 80 rapidly that indi-
vfduals saved at an annual rate OF
A10B00, 100000 last February COM
pared with q rate Of $4,000, 100000 In
February, 1871.
The increase In savings was at
tVibuted TO the growing scarcity Of
cpnsufners' durable goods, anticipa-
ton Of higher taxes, increased pur.
cnages Of war bonds and to the In
djcation that "the volume OF SPEND
tHg TO some extent has been held In
check by consumer resistance to ris.
lng prices"
sConSumer expenditures increased
~ February TO an annual rate Of
470,i00,OO 900, s7,100,000,000 more
than in February Of last year. In
ter1ns of the average purchasing
Dower Of one dollar In the 1859
period, however, the value OF goods
bought decreased from an annual
rate Of 81, 400, 900 900 to 10000, 00o,-
90.
The savings report was issued
while President Roosevelt worked on
an anti-indation program designed
10 check the rising costs Of living.
The annual rate Of savings In
creased $4,000 600 600 in 1941, while
me rate Of disposable iilcome-after
nayinent Of taxes-stepped up siS,-
20O, 100000. The rate Of consumer
expenditures rose $4,000, 900 900, but
50 per cent Of the increase was wiped
cut by the rise in prices.