Evening star., 1951-06-13
Price
Cut MayCorne
In New Formula
Committee to Begin
Meat Inquiry Tonight;
Cattle Receipts Rise

The Government is getting set
to order a rollback in the factory
prices of some clothing.
Price Administrator Michael v.
Disable said in Denver today the
new pricing formula for all lines
of clothing makers will be issued
in "a day or So"
1t will mean, he said, that many
manufacturers will have to trim
their prices. This may bring cuts
eventually at retail clothing stores,
whose price ceilings are based on
a percentage markup basis.
Larry M. Nathan, chairman Of
the Merchants & Manufacturers
Association retail clothing division,
said the rollback order should have
a strong effect" on keeping prices
down. but will not prevent a rise
in woolen goods next fall.
Cites Australian Increase.
Mr.. Nathan attributed this to
the sharp increase in wool prices
on the Australian market, reach
ing three times as high as war
time prices.
Before there was a decision for
the rollback order, it appeared
retail prices of suits and other
woolens might rise as high as Is
or 20 per cent in the fall" he
said. THE order can't prevent
some increase, but it will help hold
prices down." he said.
Retail prices of rayon and other
non-woolens probably will not be
affected materially by the roll
back since an effort has been
made to keep them low without
controls, Mr.. Nathan said.
One large F street store presi-
dent pointed out that present
stocks cannot be affected because
they were bought and paid for
under price regulations approved
Iby OPS.
you can't expect to buy clothes
cheaper this week or next week
or even next MONTH" he said.
ANY other Interpretation of any
action by the price administrator
would be unwarranted."
Before leaving for Denver. Mr..
Disable said he was Every happg''
about another development on the
controls front: An increase in the
shipments of cattle to major live
stock markets.
For the second day running, the
Nations IL major stockyards
handled a volume of slaughter
house-bound cattle that compared
favorably with shipments of a
year ago.
Cattle raisers and farmers sent
$4,000 cattle to market-a so per
cent increase over the 22028
shipped a week ago. A year ago
today the IL markets handled
S4,l30 head.
Because of extremely light re.
ceipts Monday. however, Ship
ments to date this week still are
well below normal. They total
100000 in the IL markets com.
pared with 137,757 a year ago and
92.310 a week ago.
Both Sides Cautious.
But both Mr.. Disable and meat
industry Spokesmen cautioned
that this does not necessarily
mean a break in the meat situa-
tlon. Cattle feeders have been
holding back on shipments to
stockyardS since price rollback
went into effect June 4.
In any event, this weeks mar.
keting Of cattle would not be re.
fected in neighborhood butcher
shops until next week. Meat in
oustry representatives said beef
might become even more scarce
IN retail stores this week end.
With a congressional inquiry
already ordered for tonight and
tomorrow night, meat industry
and Government pricing officials
planned to discuss the beef situa.
ton tomorrow in Chicago. Mr..
Disable was invited to attend,
The congressional Investigation
(See CONTROLS, Page A-4.)