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COMMITTEE ON BANKING AND CURRENCY

BRENT SPENCE, Kentucky, Chair man
PAUL BROWN, Georgia

JESSE P. WOLCOTT, Michigan
WRIGHT PATMAN, Texas

RALPH A. GAMBLE, New York
ALBERT RAINS, Alabama

HENRY 0. TALLE, Iowa
ABRAHAM J. MULTER, New York

CLARENCE E. KILBURN, New York
CHARLES B. DEANE, North Carolina

ALBERT M. COLE, Kansas
GEORGE D. O'BRIEN, Michigan

MERLIN HULL, Wisconsin
CLINTON D. MCKINNON, California

HARDIE SCOTT, Pennsylvania
HUGH J. ADDONIZIO, New Jersey

DONALD W. NICHOLSON, Massachusetts
ISIDORE DOLLINGER, New York

GORDON L. McDONOUGH, California
RICHARD BOLLING, Missouri

WILLIAM B. WIDNALL, New Jersey
CLARENCE G. BURTON, Missouri

HOWARD H. BUFFETT, Nebraska
TOM B. FUGATE, Virginia

JACKSON E. BETTS, Ohio
WILLIAM A. BARRETT, Pennsylvania
WAYNE L. HAYS, Ohio

WILLIAM J. HALLANAN, Clerk
ORMAN S. FINK, Professional Staff

JOHN E. BARRIERE, Professional Staff
II

Statement of

Page

Acheson, Hon. Dean, the Secretary of State, letter of June 9, 1952, to

Hon. Brent Spence.

1655

American Chamber of Commerce for Trade With Italy, Inc.

909

American Meat Institute.-

1138

American Municipal Association.

1133

Ameriean National Cattlemen's Association, Denver, Colo.

1148

Andresen, Hon. August H., a Representative in Congress from the
State of Minnesota-

1618
Arnall, Ellis G., Director of Price Stabilization.

1489
Austin, C. L., president, Jones & Laughlin Steel Corp.

1198
Bailey, Hon. Cleveland M., a Representative in Congress from the
State of West Virginia -

1609
Biggs, Mrs. John H., Norfolk, Va.-

1338
Bowling Proprietors Association of America, Inc.-

1028
Brannan, Hon. Charles F., Secretary of Agriculture-

1549
Brockbank, Allan E., president, National Association of Home Build-
ers.

1156
Brunswick-Balke-Collender Co., Inc.

1023
Burleson, Hon. Omar, a Representative in Congress from the State of
Texas

1567

Castle, Benjamin F., representing Milk Industry Foundation.

970

Celler, Hon. Emanuel, a Representative in Congress from the State of

New York

1554

Chaney, William, executive vice president, National Foundation for

Consumer Credit.

1169

Cone, Sydney M., Jr., pre ident, National Association of Finishers of
Textile Fabrics

1034

Costley, Alton M., representing National Automobile Dealers Associa-

tion.

1183

Dauphin County Rent Advisory Board, Harrisburg, Pa.

1335

Davis, W. D., representing the New York Board of Trade

897

Dondero, Hon. George A., a Representative in Congress from the State

of Michigan..

1373

Downer, Adin M., director, national legislative service, Veterans of
Foreign Wars.

1153

Downing, James C., president, National Used Car Dealers Associa-

tion.

1236

Dried Fruit Association of California.

914

DuLaurance, Henry, representing National Apartment Owners'

Association.

1275

Evans, R. M., member, Board of Governors, Federal Reserve System - 1357

Fifer, Russell, executive secretary, American Butter Institute, Chicago,
Ill.--

835
Fitzgerald, Harry J., representing National Association of Real Estate
Boards

1246

Ford, Hon. Gerald R., Jr., a Representative in Congress from the

State of Michigan..

1559

Fowler, Henry H., Administrator, National Production Authority,

Department of Commerce

1553

French Chamber of Commerce of the United States.

914

Frigo Bros. Cheese Corp., Iron Mountain, Mich.

853

Fromer, Martin A., counsel, Cheese Importers Association of America - 872

Gaumnitz, E. W., executive secretary, National Cheese Institute,

Inc.

839

Goldberg, Daniel B., representing the American Association of Port

Authorities, and others..

1076

Goodman, Leo, secretary and director, National Housing Committee,

Congress of Industrial Organizations.

1442, 1461

Statement of-Continued

Pago
Graham, Robert W., representing California Association of Port
Authorities, and Northwest Marine Terminal Association..

1060
Graham, Thomas, president, Bankers Bond Co., Louisville, Ky

1239
Harrison, Hon. Burr P., a Representative in Congress from the State
of Virginia

1586, 1592

Harrison, John D., president, Home Builders of Michigan.

1373

Haymes, P. L., representing the Dairy Industry Committee.

955

Holman, Charles W., secretary, National Milk Producers Federation. 917

Javits, Hon. Jacob K., a Representative in Congress from the State of

New York.

1630

Jones, Robert E., publisher, Western Dairy Foods Review.

871

Kitchen, C. W., representing United Fresh Fruit and Vegetable

Association.

891

LaRoe, Wilbur, Jr., general counsel, National Independent Meat

Packers Association

1086

Lawrence, Hon. David L., mayor, Pittsburgh, Pa., representing the

United States Conference of Mayors -

1653

Liljenquist, L. Blaine, representing Western States Meat Packers

Association, Inc.----

1122

Loos, Karl D., representing Sunkist Growers, Inc., California Walnut

Growers Association, California Almond Growers Exchange, and
Northwest Nut Growers-

1041
Loree, Robert F., chairman, National Foreign Trade Council, Inc. 1423
Love, Donald M., Norwood, Pa.---

1337
Lovett, Hon. Robert A., Secretary of Defense

1544
Lucas, Ilon. Wingate, a Representative in Congress from the State of
Texas.

1573

McHaney, James M., general counsel, Small Defense Plants Admin-

istration.

1378

McIntire, Hon. Clifford G., a Representative in Congress from the
State of Maine.

1601
Manufacturing Chemists' Association, Inc.

1009
Martin, William McChesney, Jr., Chairman, Board of Governors,
Federal Reserve System..

1357

Meek, Joseph L., vice president, Property Owners' Association of

America

1326

Merrill
, Ariel C., manager, Arown Guernsey Farms, Inc.

986

Miller,'Carroll R., secretary-manager, Appalachian Apple Service 1586

Miller, Justin, Chairman, Salary Stabilization Board -

1548

Mitchell

, Hon. Hugh B., a Representative in Congress from the State

of Washington

1647

Montague, Judge, representing Texas and Southwestern Cattle
Raisers Association.

1084
Moore, Carlton, Sr., Houston, Tex., representing Home and Property
Owners' Alliance, Inc.

1332
Moore, E. B., chairman, National Apple Institute

1586
Myers, Hon. Francis J., representing National Foundation for Con-
sumer Credit ---

1169

National Association of Credit Jewelers, Inc.

1008

National Council of Salesmen's Organizations, Inc.

1016

National Paint, Varnish, and Lacquer Association, Inc.

1035

National Retail Credit Association.

1007

National Wool Growers Association.-

1135

Noyes, Guy E., Director, Division of Selective Credit Regulation,

Federal Reserve System.

1357

O'Donovan, Patrick, assistant secretary-treasurer, California State

Apartment Conference.--

1300

Owen, Arthur L., representing National Live Stock Producers Asso-
ciation.-

1101
Paul, George, representing National Creameries Association.

807
Payne, Albert A., assistant secretary, Realtors' Washington Com-
mittee

1246

Philadelphia County Rent Advisory Board, Philadelphia, Pa.- 1335

Pierce, C. W., professor of agricultural economics, Pennsylvania State

College...

967

Statement of-Continued

Pago
Pinkston, Jack, Dallas, Tex., representing Home and Property
Owners' Alliance, Inc.-

1332
Plager, Wilhur L., field secretary, Iowa Swine Producers' Association. 1116
Pratt, Edward, president, Home Builders of Metropolitan Detroit --- 1373
Putnam, L. A., secretary, Western New York Apple Growers Asso-
ciation

1586
Radcliffe, Harry S., executive vice president, National Council of
American Importers, Inc.-

900
Ramsey, Hon. Robert L., a Representative in Congress from the
State of West Virginia ..

1597

Reed, O. M., representing National Creameries Association.-

807

Rees, Hon. Édward H., a Representative in Congress from the State
of Kansas.

1615

Riggle, John J., assistant secretary, National Council of Farmer

Cooperatives.

1417

Rockafellow, Verton, Camden, N. J..

998
Rogers, Hon. Edith Nourse, a Representative in Congress from the
State of Massachusetts.

954

Roquefort Association, Inc

890

Sadiak, Hon. Antoni Ń., a Representative in Congress from the State

of Connecticut.

1637

Schmidt, William, president, Property Owners Association of Amer-

ica.

1292

Selby, Paul L., executive vice president, National Consumers Finance

Association

1189

Snavely, C. L., president, National Association of Frozen Food
Packers

1079

St. Joseph County Rent Advisory Board, Indiana

1336

Swain, William E., representing Treasure Cave..

848

Switzerland Cheese Association, Inc.---

906

Taylor, Henry P., representing National Canners Association --- 999, 1047

Taylor, Telford, Administrator, Small Defense Plants Administration. 1378
Thompson, Ray, member, Pierce County Rent Control Board,
Tacoma, Wash.

1334

Tobin, Hon. Maurice J., Secretary of Labor-

1547

Tobacco Associates, Inc., Washington, D. C.

1037

United States Foreign Trade Zones, submitted by Sterling St. John, Jr. 1439

Utah Association of Ice Cream Manufacturers, Ogden, Utah...

1022

Vanderslice, R. L., executive director, Chicago Residential Hotel

Association.

1319

Vursell, Hon. C. W., a Representative from the State of Illinois. 1598
Walters, William A., president, California State Apartment Con-
ference.

1300
Werden, Bruce, president, Sunshine Dairy, Burlington, Iowa.

993
Werking, Henry A., president, American Home Owners, Inc.

1345
Williamson, John C., counsel, Realtors' Washington Committee 1246
Wise, F. B., secretary-treasurer, National Renderers Association.-- 1410
Woods, Tighe E., Director of Rent Stabilization.

1346
Zarn, Erwin H., dairy farmer, Downers Grove, Ill...

994

Additional data submitted for the information of the committee by-

American Meat Institute:

Meat production hits the toboggan in 1951 (chart)-

1143

Price controls distort the normal pattern of cattle slaughter

(chart)------

1140

Price relationships between meat products are constantly chang-

ing (chart)

1145

Table 1.-Total cattle slaughter under Federal inspection and

percentage slaughtered by 99 plants-1950, 1951, and 1952... 1139

Table 2.-Commercial cattle slaughter, 1951 and change from

1950...

1140

Table 3.-Sows farrowed and hog-corn-price ratio at breeding

time, 1950 and 1951 fall seasons -

1141

Table 4.-Cattle-feeding operations, Iowa, Illinois, and Ne-

braska-Specified periods, 1950–51.--

1142

Table 5.--Estimates of meat production and consumption, 1950

and 1951.-

1142

Table 6.—Live cattle prices (per hundredwe...ght), Chicago versus

OPS compliance prices, September 4, 1951.

1144

Wholesale prices, Chicago (table) --

1146

1621

992

1609

Additional data submitted for the information of the committee by-Con.

American National Cattlemen's Association:

Exhibit A, Retail and wholesale prices of meat and prices of live

animals at Chicago, by months, June 1951 to date.

Exhibit B. Retail and wholesale prices of meat and prices of live

animals at Chicago, by months, June 1951 to date.-

Andresen, Hon. August H.:

Purchase and disposal of butter under the dairy price-support

program, January 1949 through December 1951 (table) -

Purchase and disposal of Cheddar cheese under the dairy price-

support program, January 1949 through December 1951

(table)

Purchase and disposal of nonfat dry milk solids under the dairy

price-support program, January 1949 through December 1951

(table).

Statement on blue-mold cheese submitted to the United States

Tariff Commission by the U. S. Department of Agriculture in

connection with the hearing and investigation pursuant to

section 7 of the Trade Agreements Extension Act of 1951..

Table 1.- Wholesale prices for domestic and imported Dan-

ish blue-bold cheese in New York by months, January

1948- March 1952

Arown Guernsey Farms, Inc.:

Milk dealers costs and profits, 1949 (table).
Bailev, Hon. Cleveland M.:

H. R. 6843. A bill to establish quotas on the importation of cer-

tain articles and products containing raw materials with re-
spect to which priorities have been established, or allocations

made, under the Defense Production Act of 1951.--

California State Apartment Conference:

Housing shortage reports refuted, article from Los Angeles

Times, March 23, 1952.--

Cheese Importers Association of America:

Journal of Commerce of New York City, May 9, 1952–Domestic

varieties and imported varieties.

United States cheese imports by country of origin, 1951.

Congress of Industrial Organizations:

Before the Rental Housing Committee of the County Court of

Anderson County, Tennessee--Opinion, findings, and recom-

mendation.

Critical Defense Housing Areas, press release of Defense Produc-

tion Administration, May 20, 1952.
Elements constituting an economic rent of single-family urban

dwellings and of apartment houses in the United States, 1930

(table)
Housing Costs High, Douglas Aide Warns, article from Tulsa

Tribune, August 2, 1951.-

Housing Muddle-Defense-Home Hold-up in San Diego Flashes

Warning to Other Areas, etc., article from Wall Street Journal,

October 24, 1951.-

Land value developed on a 50-by-150-foot lot in Chicago by

different types of residential uses, 1926 (table)--
Lovett, Hon. Robert A., Secretary of Defense, letter of Septem-

ber 25, 1951, to Walter P. Reuther

Mayor Knox condemned for housing publicity stand, article

from Evening Tribune, February 22, 1952.

Occupants protest increase in petition.

Rent Boosts Affect Navy Personnel, article from San Diego

Union, February 22, 1952.

Reports from employers regarding effect of housing shortage on

manpower supply
Resolution No. 30 on housing and rent control, adopted Novem-

ber 5-9, 1951

Seek Action to Return Rent Curbs, article of August 22, 1951,

from Gary-Hammond and East Chicago..

Sure, It's Critical, article from Tulsa Tribune, August 7, 1951.-

881
887

1458

1468

1456

1468

1462

1445

1443

1458

1455

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