Cattle, Hosiery Affected
WASHINGTON, D.C.—The Office of Price Administration (OPA) yesterday announced the retail price ceiling for women’s rayon hosiery to be increased by twenty-three to thirty-eight cents. The amount of increase is dependent on the gauge of hosiery. The higher grades of hosiery fall under this new order. The OPA stated the previous ceilings were not adequate to cover production costs incurred in the manufacture. Also announced yesterday are tighter controls on live beef cattle. Economic Stabilization Director Fred M. Vinson said the new plan is intended to help slaughters who are bound by controlled retail meat prices by regulating the price they pay for live beef. Retail meat prices are not affected by this plan.
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