Proxmire Seeks Inflation Cure Over Contro ls
Wisconsin Democrat William Proxmire argues peacetime controls harm the economy and that inflation might be tolerated instead. He cites hearings showing controls fail to curb unemployment or raise productivity, and calls for social security based adjustments and more transparent data.
MENTIONED IN THIS ARTICLE
William Proxmire
Anc
Tne
Uh Daeksen
Vhaitman
The
Price Commission
Wisconsin
Froxmire
Proxmire
Proximize
Graysutt
Continental Can Co challenges price suspension in New York
The Continental Can Co board chairman denounces the Price Commission suspension of a 4.22 per cent can price rise as arbitrary and discriminatory. Robert S. Hatfield wired Commission Chairman C Jackson Jr. seeking explanation and planned to appear before the commission. The action paused a 4.22 per cent increase for Continental and a 4.3 per cent boost for American Can Co. Hatfield argued price effects on food and market share are misstated and that even a 4.34 per cent rise would barely lift the shelf price of a typical one pound can of peas. Continental holds under 20 per cent of the food can business.
MENTIONED IN THIS ARTICLE
New York
Continental Can Co
Robert S. Hatfield
Commission
C. Jackson
Kayson Jr
Commission Wriday
Continental
American Can Co
Hatfield
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