Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-21
Text of Deconro Boards Decision on Restoration of Price CEILINGS

transcript of the oral presentations.
| Views were heard from various
sources: Representative of affected
industries, including producers and
professors of raw commodities,
wholesale distributors and retailers.
State officials, representatives of la
Dor unions and consumers. repre-
sentatives.
The board, in addition, received
data and facts from various agen-
cies of the United States Govern
ment, including the Department of
State, the Department of Agricul-
ture, the Department of Labor and
the Office of Price Administration
c. Commodities.
The statute directs the board to
determine whether ANY commodity
listed in subparagraph (A)" shall
continue free from regulation. The
board is well aware that the term
commodity may be given wide va
rlety of meanings. The Congress,
in considering various decontrol
course of enacting the Price Con-
troll Extension Act, treated broad
groups of commodities as a single
commodity. Subparagraph (A) lists
similar broad groups and the board
has assumed that the Congress ex-
pected that it generally would con-
slider each group listed as single
commodity.
The boards treatment of each of
these groups As a single commodity
for purposes of this August 20 de-
termination of recontrol or decon-
troll gives recognition to the close
lnterrelationship of sources of sup
ply, prices. and uses between the
different elements in each group.
Moreover, the board has deemed
| 1t 1mpracticable to undertake any
extensive and separate examination
into the numerous individual ele-
modify group.
For these reasons the board has
generally treated each of the groups
listed in the statute as a single COM
modify This decision, however, did
not preclude the board from giving
consideration to a separate COM
monty within any group where
facts sharply differentiated the
commodity from the remainder of
the group and where considerations
compelling different and separable
treatment for the commodity were
brought to the boards attention.
For instance, in the case of grains.
the board has treated flaxseed and
py-product seeds as separate from
the remainder of the grain eroun
In this instance, conditions of sun
ply, prices and specialized use made
1t necessary for the board to give
to f1axseed and y-product feeds
separate consideration.
ID. Grains.
This commodity group is defined
as grains for which standards have
been established under the United
States Uniform Grain Standards
Act, as amended, Or any livestock or
poultry iced processed or manu-
factured IN whole or substantial
part therefrom" The grains in
Guided under this definition are
wheat, rye, corn, oats, feed oats.
mixed feed oats, barley, grain
sorghllms and f1axseed (soybeans
were included with cotton seed in
separate commodity group. The
major processed products included
are carbohydrate feeds and bv-
product protein feeds.
AS already indicated, the board
mas considered fiaxseed and the bv-
product feeds separate from other
grains and whole grain feeds in
this group.
The board has determined that
faxseed and the by-product feeds
| processed in whole or substantial
part from grains in this group shall
be subject to price controls. No sub
sldleS were in effect on June %
1916, with respect to faxseed and
by-product feeds. and none have
been prescribed by the board.
The board has directed that
wheat, rye, corn, oats, feed oats,
mixed feed oats, barley and grain
sorghums and any livestock or poul-
try feed processed or manufactured
entirely from any one or more of
these whole grains shall not be reg
ulated.
1. The Grains Other Than FIaxseed
The board has directed that the
grains and grain feeds listed in the
preceding paragraph remain free
from price control because it has
failed to find that the public in
terest would be served by their reg
ulatlon. Its reasons are threefold.
First, the estimated supply of
these grains after the harvest of
the current record corn and wheat
crops appears to be adequate to
meet the estimated demand. If
these estimates prove correct, these
grains would be removed from price
controls shortly after harvest, as
being no longer in short supply.
The Department of Agriculture
presently estimates the domestic
supply of corn this year at approx
mately 3,671 million bushels, so mil
ion bushels more than were avail
able for the previous record season
OF 1923, and $40 million bushels
better than the 1874 average.
Taking the four feed grains-corn,
oats, barley and sorghum grains-the
department estimates total supply
of l40.8 million tons, almost equal
to the previous record year, 1912,
and 1853 million tons better than
the 1892 average. With an in
dicated decrease of 5 per cent in
the number of grain consuming ami
mails units this year from the pre-
vious year, the department expects
the supply of feed per animal unit
during the coming year to be 8 per
cent larger than last year.
This estimate of prospective long
supply is corroborated by the price
behavior of the commodity markets
For example, the price of futures
~