Congress to Act on Reducing Prices
Lansing reports push to curb profiteers with new measures. Lawmakers promise action to lower costs and stabilize markets amid rising living expenses.
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Newspaper
Utah Ogden Standard
Location
Ogden, Utah, United States of America
Date
Aug 06, 1919
Page
7
Lansing reports push to curb profiteers with new measures. Lawmakers promise action to lower costs and stabilize markets amid rising living expenses.
Secretary Lansing testified before the Senate Foreign Relations Committee that the American draft for a league of nations was not pressed at Versailles and may no longer exist, and that a copy could be in President Wilson's possession. He discussed the Shantung matter, the Lansing Ishii agreement, and the open door policy with Japan and China, noting secrecy and limitations on disclosures. He said the United States sought no secret understandings and that expenses of the league would be set by Congress.
Resident Will Wilton will appear before Congress Friday to urge legislation to cut the cost of living. The announcement was made today at the White House.
Warren S. Stone, grand chief of the Brotherhood of Locomotive Engineers, told the House Interstate Commerce Committee that labor may back strong action against profiteering after a full inquiry. He opposed the Plumb plan but warned some unions may strike unless wages rise or living costs fall, arguing a price drop would ease industrial tension.
A Chicago price rally and a broader market shift see wheat futures and related commodities rise after initial declines. Traders react to anticipated government moves with pockets of buying and selling, while flour and other staples show price movements in response to market forces. Labor leaders push for public ownership of railroads and wage reforms, urging industrial freedom as a remedy to high living costs.
Mexico City Aug 5 The extraordinary Mexican congress session will study the decree on oil wells midmonth, under President Carranza's message. Senor Latinas says provisional permits will be issued to sink wells and held for final Congress action. He denies official Japanese oil claims and notes Atlantic oil is largely held by Americans and British. The circular on July 21 remains a temporary fuel measure to allow drilling under a future tax regime, with penalties for noncompliance.
In Washington today the House of Commons heard that no decision would be made on the German peace treaty until formal terms are laid out. Andrew Bonar Law and leaders indicated a cautious stance as Allied powers await clear German proposals and final terms before any action.
The Austrian counter-proposal to the peace terms was handed to the allied mission at St Germain en Laye at 12 18 oclock today and was immediately taken to Parte for delivery to the supreme council for the peace conference.
Washington August 6. Frank Morricon secretary of the American Federation of Labor testified before a congressional railroad hearing predicting that labor would organize the United States Steel corporation and establish an eight hour day for its employees.
In New York City on August 6 the trolley, subway and elevated lines were disrupted by a strike involving 13,000 workers. Despite the walkout, most services recovered by morning rush. Traffic shifted to automobiles and trucks as trains operated on limited timetables. The strike seeks an eight hour day, union recognition, and a raise to 74 cents per hour for all conductors and proportional pay for other employees.
TRIEST August 5 A group of Bolsheviks appeared on the streets today and attempted to riot. The rioters were dispersed by police with the aid of the population. At the end of the demonstration 700 arrests were made.
Washington reports the federal trade commission findings alleging excessive profits in shoe production and related industries. Packers, tanners, and manufacturers are charged with unwarranted price increases and skewed margins from 1914 to 1948, with retailers passing excess profits to consumers.
Washington reports a Justice Department action under the attorney general order to locate profiteers and hoarders of food and necessities. Prosecution under the Lever Act is planned. cabinet sub committee drafts recommended further legislation to curb rising costs. President Wilson expected to present a message to Congress.
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