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SENATE COMMITTEE ON BANKING AND CURRENCY

BURNET R. MAYBANK, South Carolina, Chairman

J. W. FULBRIGHT, Arkansas

HOMER E. CAPEHART, Indiana
A. WILLIS ROBERTSON, Virginia

JOHN W. BRICKER, Ohio
JOHN SPARKMAN, Alabama

IRVING M. IVES, New York
J. ALLEN FREAR, JR., Delaware

ANDREW F. SCHOEPPEL, Kansas

PAUL H. DOUGLAS, Illinois

EVERETT M. DIRKSEN, Illinois

WILLIAM BENTON, Connecticut

BLAIR MOODY, Michigan

A. LEE PARSONS, Clerk

Jos. P. MCMURRAY, Staff Director
II

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153

913

---

Pago

S. 2594..

S. 2645-----------

S. 2722-----

Statement of -

Arnall, Ellis G., Director, Office of Price Stabilization, accompanied

by Gardner Ackley, economic adviser; Joseph H. Freehill, chief coun-

sel; and Edward F. Phelps, Director of Price Operations...

Black, William M., American Institute of Accountants...

Blake, William Rhea, executive vice president, National Cotton

Council. -----

391

Brown, Russell B., Independent Petroleum Association of America.. 546

Campbell, Dr. Persia, National Association of Consumers. .-

Capaldo, Louis A., president, National Council of Salesmens Organi-

zations, Inc., accompanied by Benjamin Shapiro..

604

Carpenter, Cliff D., president, Institute of American Poultry Indus-

tries, accompanied by Tom Heitz, chairman, legislative committee;

Marshall H. Spear, executive director,, Long Island Duck Growers

Marketing Cooperative; and Joseph Parker, counsel...

329

Castle, Benjamin F., executive director, Milk Industry Foundation,

accompanied by E. B. Kellogg -

693

Cravens, Kenneth R., American Bankers Association --------

323

Davis, Stanton W., Supermarket Institute.------

726

Downer, Adin M., assistant legislative representative, Veterans of

Foreign Wars -----

884

Downing, James C., president, National Used Car Dealers Association. 916

Dratt, John J., National Association of Retail Grocers, accompanied
by Tyre Taylor and Henry J. Bison, Jr...

708

Ferebee, Dr. Dorothy B., president, National Council of Negro

Women..------------------------------------------------ 920

Fifer, Russell, executive secretary, American Butter Institute ---- 292
Finch, Harold, National-American Wholesale Grocers' Association.. 703
Fleischmann, Manly, Administrator, Defense Production Adminis-
tration.-

51
Frederiksen, F. M., National Cheese Institute ---

318

Freed, Charles C., National Automobile Dealers Association.------ 425

Frigo, Peter, National Cheese Institute ------

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

Inc.----

806

Gaumnitz, E. W., executive secretary, National Cheese Institute... · 297
Goldberg, Daniel B., American Association of Port Authorities.--- 530, 565
Grede, William J., president, National Association of Manufacturers,

accompanied by Ralph Robey, vice president and chief economist,

and Lambert Miller, general counsel.---
Green, William, president, American Federation of Labor, accom-

panied by Peter Henle, assistant economist, and Joseph D. Keenan,
secretary, building trades department.-nan

630
Gunther, John J., legislative representative, Americans for Demo-
cratic Action.------------

888
Hanson, Elisha, attorney, Safeway Stores ----
Haymes, P. L., and C. W. Pierce, Dairy Industry Committee--- 231
Herlong, A. S., Jr., a Representative in Congress from the State of
Florida--------

355
Holman, Charles W., secretary, National Milk Producers Federation. 265
Johnston, Clem D., United States Chamber of Commerce ----- 506
Kitchen, C. W., United Fresh Fruit and Vegetable Association ----- 479
Kline, Allan B., presidert, American Farm Bureau Federation,

accompar ied by John C. Lynn and Frank K. Wooley.----

Klurfeld, Arthur M., executive secretary, Handkerchief Industry,

Association.--

880

Lavitt, Sol, National Potato Council and Vegetable Growers Associa-

tion of America --------

recon- 798, 801

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Pierce, Dairy Industry Comm

666

473

360

Statement of-Continued

Page

Martin, William McC., Chairman, Board of Governors, Federal

Reserve System, accompanied by R. M. Evans and Oliver S. Powell,

members of the Board, and Ralph A. Young, Director, Division of

Research and Statistics ---

75

Montague, Joe G., Texas and Southwestern Cattle Raisers' Associa-

tion.-------

---- 874, 876

Newsom, Herschel D., master, The National Grange-

------

376

Paul, George, National Creameries Association..

248

Pickell, Mark W., executive secretary, Corn Belt Livestock Feeders'

Association.----

438

Pierce, C. W., and P. L. Haymes, representing Dairy Industry Com-

mittee.--

231

Putnam, Roger L., Administrator, Economic Stabilization Adminis-

tration.-

109

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

Cooperatives.--.

466

Robbins, Paul H., National Society of Professional Engineers.---- 525
Sargent, John A., Manufacturing Chemists' Association, Inc.---

399

Schreiber, John, secretary, Eastern States Solid Fuel Conference

561

Schuckman, Fred A., American Municipal Association...

699
Selby, Milton L., National Association of Food Chains..

582
Selby, Paul L., executive vice president, National Consumer Finance

Association.---

Tavlor, Henry P., National Canners' Association..

359

Terborgh, George, research director, Machinery and Allied Products

Institute....

491

Turner, Bertram, Cooperative Food Distributors of America.

721

Wiley, Alexander, a United States Senator from the State of Wisconsin.
Wilson, Charles E., Director Office of Defense Mobilization, accom-

panied by Manly Fleischmann, Defense Production Administrator,
and Rodolfo A. Correa, general counsel, Office of Defense Mobiliza-

tion.-----

Wright, Mrs. C. D., chairman, legislation department, General Fed-

eration of Women's Clubs....

570

Statements, letters, telegrams, etc., submitted for the record by~

Agriculture Department, C. J. McCormick, Acting Secretary:

Letter on S. 2594, to Senator Maybank.---

224

Letter on S. 2645 to Senator Maybank.----

224

Letter to Senator Maybank on cheese imports.---

321

American Association of Port Authorities: Statement..

537

American Bankers' Association: Statement...

328

American Butter Institute: Comparison, hourly earnings, with retail

butter price....

296

-------------------------

American Farm Bureau Federation:

Value of exports and imports of dairy products, 1946–50, and

trade data-

673

Volume of United States agricultural exports, etc.

679

Imports for consumption: Fats and oils. --------

681

Statement -----------------------------------

685

Supplemental statement.------

691

American Federation of Labor:

Price trends 7 months before controls and year after controls. 632

Price changes for goods and services, etc.---

649

Rent control.--

653

Consumers' Price Index and price stabilization...

661

Analysis of increase in hourly earnings, 1931-51.

664

Gross and net spendable weekly earnings, production workers

1931-51.-----

664

American Municipal Association: Statement.---

Americans for Democratic Action:

List of officers and board of directors.---

Benton, William, a United States Senator from the State of Con-

necticut:

Article, Meriden (Conn.) Record..

Letters, etc., of Corn Belt Livestock Feeders' Association policy

committee ------

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Statements, letters, telegrams, etc., submitted for the record by-Con.

Capehart, Homer E., a United States Senator from the State of

Indiana:

Wholesale prices, ham and pork, Wednesday of each week. ----

Letter to Senator Maybank regarding nickel situation.--------

Labor's Monthly Survey, February-March 1952.-

Article from Washington Star: Steel officials study OPS price

formula for Capehart boosts. ------
Chamber of Commerce of the United States: Statement.------
Cheese Importers Association of America, Inc.:

Prices of cheese in Italy, France, and Denmark in terms of

American currency ------------------------

Statement.----

Newspaper articles --

Cooperative Food Distributors of America: Statement.

Corn Belt Livestock Feeders Association: Statement.----

Dairy Industry Committee:

Annex to statement of Mr. Haymes.

· Statement of Mr. Pierce----

Defense Department, Robert A. Lovett, Secretary: Statement..

Defense Materials Procurement Agency, Jess Larson, Administrator:

Statement.------

Defense Production Administration:

Statement.-------------------

Minutes of staff meeting on metals picture ---
Letter on suspension of controls.-

List of loans certified...
Defense Transport Administration, James K. Knudson, Adminis-

trator: Letter to Senator Maybank.
DiSalle, Michael V., Director, Office of Price Stabilization: Letter to

Senator Maybank.--

Economic Stabilization Agency: Number of employees as of Jan.

31, 1952.--

Federal Reserve Board:

Recent Economic Developments and Prospects, memorandum.-

Statement on S. 2645....
Federal Trade Commission, Stephen J. Spingarn, Acting Chairman:

Letter to Senator Maybank------
Housing and Home Finance Agency, Raymond M. Foley, Adminis-

trator: Statement.-----

Independent Petroleum Association of America: Statement.---

Institute of American Poultry Industries: Charts ----

Interior Department, Oscar L. Chapman, Secretary: Letter to Senator

Maybank ----

Labor Department, Maurice J. Tobin, Secretary: Statement --- -

Machinery and Allied Products Institute: Statement..

Magnuson, Warren, a United States Senator from the State of Wash-

ington: Letter to Senator Maybank on S. 2722..

Manufacturing Chemists' Association: Statement.

Maybank, Burnet R., a United States Senator from the State of

South Carolina:

Letter to Mr. DiSalle...

Staff memorandum on materials..

Milk Industry Foundation: Statement and charts.
Moreell, Ben, chairman of the board, Jones & Laughlin Steel Corp.:

Telegrams to Senator Maybank..

National-American Wholesale Grocers' Association: Statement..

National Association of Consumers: Statement.-----

National Association of Food Chains: Statement.--.-.-

National Association of Manufacturers:

How to reduce Federal budget $14,000,000,000..

Statement, with charts.--

National Association of Retail Grocers:

List of OPS regulations regarding grocers.---

General Ceiling Price Regulation S, R. 47..

National Automobile Dealers Association: Statement..

146

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