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The Camas Hot Springs Exchange
Hot Springs, Camas, Sanders County, Montana
What is this article about?
Amendments to price ceiling regulations allow adjustments for hardship cases, including increases for frozen fruits/vegetables and relief for jams/jellies/preserves. Commerce Sec. Jesse Jones forecasts $30B excess income over goods value in 1943.
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When first the General Maximum Price regulation was introduced it was pretty difficult to adjust cases that appeared to be directly harming someone unfairly. This has now been amended to permit Leon Henderson's Office of Price Administration to adjust ceiling prices in certain "hardship cases."
Frozen fruits and vegetables were among the first ceilings to face adjustment. Ceiling prices on these products are being increased to prevent crops from rotting in the field because of increased gathering and packing costs.
Price relief will also soon be granted for jams, jellies and preserves.
Some idea of the amount of money to be spent, taxed or saved throughout the country in the coming months came from Commerce Secretary Jesse Jones in a statement to the effect that the American people in 1943 will have $30,000,000,000 more income than "the value of things for which the money can be spent."
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Outcome
ceiling prices increased for frozen fruits and vegetables to prevent crops rotting; price relief to be granted for jams, jellies and preserves; american people in 1943 to have $30,000,000,000 more income than value of available goods.
Event Details
General Maximum Price regulation amended to allow Office of Price Administration to adjust ceiling prices in hardship cases. Frozen fruits and vegetables ceilings increased due to higher gathering and packing costs. Price relief soon for jams, jellies and preserves. Commerce Secretary Jesse Jones stated American people in 1943 will have $30,000,000,000 more income than value of things for which money can be spent.