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HEARINGS

BEFORE THE

COMMITTEE ON BANKING AND CURRENCY

UNITED STATES SENATE

EIGHTY-SECOND CONGRESS

83762

FIRST SESSION

ON

S. 1397

A BILL TO AMEND THE DEFENSE PRODUCTION ACT
OF 1950, AND FOR OTHER PURPOSES

PART 2

MAY 17, 18, 21, 22, 23, 24, 25, 28, 29, AND 30, 1951

Printed for the use of the Committee on Banking and Currency

UNITED STATES

GOVERNMENT PRINTING OFFICE

WASHINGTON: 1951

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CONTENTS

Statement of—

Aarons, Robert H., general counsel, United Property Owners__
Bamert, Loren C., president, American National Cattlemen's Asso-

ciation

Bishop, Harold A., president, Boston Wool Trade Association, representing National Wool Trade Association, etc., accompanied by Herbert Wiler and Arthur Milnes...

Blake, William Rhea, executive vice president, National Cotton Council of America, accompanied by Read P. Dunn, Jr., and Banks Young..

Carey, James B., secretary-treasurer, CIO.

Besse, Ralph M., on behalf of the Edison Electric Institute..
Carpenter, Cliff D., president, Institute of American Poultry Indus-
tries, accompanied by Mr. Tobin and Mr. Hise_-

Conway, H. M., director of research, National Livestock Producers
Association

Franz, Chester B., president, Associated Poultry and Egg Industries, accompanied by J. H. Snowgren, and Alfred Van Waganen-----Harris, Seymour E., professor of economics, Harvard University, on behalf of Americans for Democratic Action.....

Hertwig, Charles C., American Cotton Manufacturers Institute,
accompanied by James L. Rankin and Claudius Murchison....
Kline, Allan B., president, American Farm Bureau Federation_
Kruse, Henry J., president, Seattle Packing Co., representing Western

States Meat Packers Association___.

La Roe, Wilbur, Jr., general counsel, National Independent Meat
Packers Association__

Lawson, W. D., president, American Cotton Shippers Association,
accompanied by John G. White_

Lucas, Scott W., American Finance Conference, accompanied by David
B. Cassat, Thomas W. Rogers, and Morris Miller..

MacKay, A. J., president, Quality Courts United, Inc., accompanied
by C. Edmund Worth...

McCan, Claude, accompanied by Norman Moser and T. L. Roach, Sr.
McCawley, J. F., representing Property Owners of America, Inc----
Moloney, John F., National Cottonseed Products Association.__
Mopsick, Harry, Linden, N. J., representing National Tenants Coun-

cil..

Robinson, John B., Dallas, Tex., representing Journeymen Barbers, Hairdressers, Cosmetologists, and Proprietors' International Union of America..

Ruffin, William H., president, National Association of Manufacturers, accompanied by Ira Mosher, Dr. Ralph W. Robey, and Lambert K. Miller.

Page

1439

1302

1775

Mosher, Ira, chairman, industrial mobilization committee, National
Association of Manufacturers, accompanied by Lambert Miller, gen-
eral counsel; Ralph W. Robey, chief economist; and Leo Teplow. 1218
Myers, Francis J., in behalf of the National Foundation for Consumer
Credit and Retail Credit Institute of America, accompanied by
William J. Cheyney...

Nathan, Robert R., National Planning Committee, member AVC..
Newsom, Herschel D., master, National Grange_

Petersen, J. C., president, National Lamb Feeders Association -
Riggle, John J., assistant secretary, the National Council of Farmer
Cooperatives.

1921 1939

1807

1674

1333

1702

1530

1903

1721

1116

1081

1819

1363

1982

1345

1422

1883

1409

1860

1785

1200

1148

1856

1986

1157

Statement of-Continued

Russell, William W., chairman, legislative committee, accompanied by Page
Paul C. Blair, assistant, National Apartment Owners' Association.. 1444
Schmidt, William, president, Property Owners Association of America

and president, Property Owners League..

1570

1522

Sherrard, Glenwood J., representing American Hotel Association,
accompanied by Allan C. George and Paul Anderson..
Smith, Paul C., vice president, Swift & Co., representing American
Meat Institute..

1275

Spiegel, E. M., second vice president, National Association of Home
Builders.

1381

1761

Steiwer, W. H., president, National Wool Growers Association, ac-
companied by J. B. Wilson and J. M. Jones__

Summer, Alexander, president, National Association of Real Estate
Boards, accompanied by Calvin K. Snyder, secretary, Washington
Realtors' Committee_.

1589

1498

Willoughby, Ray W., president, Texas and Southwestern Cattle Raisers Association, accompanied by Judge Joe G. Montague______ 1316 Letters, statements, exhibits, etc., submitted for the record by

Vanderslice, R. L., chairman of the executive committee, National

Apartment Owners Association.......

Aarons, Robert H., general counsel, United Property Owners:

Letter requesting appearance.
Material regarding rent control_
Continued statement..

American Finance Conference: Press release on appearance of Scott
W. Lucas

American Meat Institute, Paul C. Smith, vice president, Swift & Co.:
statement. --

Bamert, Loren C., president, American National Cattlemen's Association: Statement_.

Benton, William, a United States Senator from the State of Connecticut:

Vacant dwelling units__

Letter from Glenn Cunningham, mayor, Omaha, Nebr.

Article from Topeka Capital, Rent Profiteers Giving Topeka
Reputation It Does Not Deserve..

Letter from Ray J. Sheehan, housing expediter, Wisconsin... Berkeley-Benton Improvement Association, Los Angeles, Calif.: Letter to Mr. Aarons_.

Besse, Ralph M., on behalf of Edison Electric Institute: Statement
with charts..

Blake, William Rhea, executive vice president, National Cotton
Council of America: Statement__.

California Associated Civic and Business Clubs, Inc.: Letter to com

mittee_

Carey, James B., secretary-treasurer, CIO: Information accompanying statement_.

Carpenter, Cliff D., president, Institute of American Poultry Insti

tutes:

Charts concerning production, consumption, and prices of poul-
try
Statement

Supplemental statement with charts.

DiSalle, Michael V., Director, Office of Price Stabilization: Memo-
randum on OPS slaughter quotas.

Federal Trade Commission: Memorandum on stock ownership of
American corporations_

Ford, Peyton, Deputy Attorney General, Justice Department: Letter
concerning Executive Order 10233_

Franz, Chester B., president, Associated Poultry and Egg Industries:
Statement..

Gibson, E. T., Acting Administrator, Defense Production Authority:
Letter on stainless steel..

Harris, Seymour E., professor of economics, Harvard University, on
behalf of Americans for Democratic Action: Statement.
Hunt, Lester C., a United States Senator from the State of Wyoming:
Statement on meat controls__.

1440 1442

1443

1202

1144

1309

1431

1637

1638

1639

1442

1808

1933

1442

1978

1689 1691

1699

1302

1943

1761

1719

1816

1565

1115

Letters, statements, exhibits, etc.-Continued

1898

Hutcheson, William L., president, United Brotherhood of Carpenters Page and Joiners of America, AFL: Statement and press release Johnston, Eric, Director, National Stabilization Agency: Cases pending before Wage Stabilization Board_

Statement on meat controls__

Kentucky Department of Agriculture, Harry F. Walters, Commissioner: Letter to Governor Clements__

Kline, Allan B., president, American Farm Bureau Federation: Statement..

La Roe, Wilbur, J., general counsel, National Independent Meat Pack-
ers Association: Meat price control will not work, statement by
association..

Lawson, W. D., president, American Cotton Shippers Association:
Report, Secretary of Agriculture, Inaccuracies in grading cotton_
Cost of raw cotton as percent of retail price....

Cotton ceilings won't work, material submitted on cotton.
Lawton, K. B., Major General, USA, Deputy Chief Signal Officer:
Comment on Mr. Carey's testimony..

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

Article, Washington Star, Brannan fears long-range cut in beef
supply

Article, New York Times, Defense to take 75 percent of steel
soon, etc._ _ _

Ratio of inventory to sales 1939-March 1951...
McCawley, J. F., representing Property Owners of America, Inc.:
Statement.

Mopsick, Harry, Linden, N. J., representing National Tenants Council: Supplementary statement on need for National Rent Advisory Board

Myers, Francis J., National Foundation for Consumer Credit: State-
ment..

Nathan, Robert R., National Planning Committee, member, AVC:
Statement

National Association of Manufacturers:

Charts:

Wages compared with prices, 1939 to March 1951

Wages compared with prices, January 1946 to March 1951..
Executive Order 10233__
Strikes:

Prewar Labor Board period....
War Labor Board period..
Summary..-.

1949 compared with 1950..

Settlement of labor disputes and wage stabilization_
Statement on policy for Wage Stabilization Board.

Article, New York Times, Wage Board plan passed to Truman__
Statement on consumer holdings and purchases of durable goods.
Peterson, J. C., president, National Lamb Feeders Association:
Appendixes to statement concerning financial and other data on
sheep and wool production and feeders' costs.

Pickett, A. G., secretary, Kansas Live Stock Association, Topeka,
Kans.: Statement on beef production costs.
Quantity Courts United, Inc.: Statement---
Robertson, Ben, Emporia, Kans.:

Congress tied wage and price controls together__
Letter to Senator Maybank.

Ruffin, William H., president, National Association of Manufacturers:
Charts:

Wages compared with prices, 1939 to March 1951_.

Wages compared with prices January 1946 to March 1951..

Statement.

Russell, William W. chairman, legislative committee, National
Apartment Owners' Association: Statement._

1247

.1115

1752

1755

1082

1830 1836

1837

1982

1122

1818

1378

1432

1421

1873

1803

1180 1181

1226

1229

1229

1230

1230

1230

1244

1271

1408

1153

1401

1984

1934

1937

1180 1181

1190

1460

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