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companies without a price increase.
Profits in the steel industry
for the year 1951 are expected to be between 2 and 2.5 billion
"NATIONAN
AND
RECORDS
dollars -- the highest profits in the history of the industry.
the
A rough comparison may be made between this figure and the base
level of profits under the law by which excess profits taxes are
ealculated -- that base being about 1.25 billion dollars. While
these figures make it plain that the industry eculd absorb some wage
increases without raising prices, the Office of Price Stabilization
is the only body that can deternine whether any specific wage increase
would require a price increase, and that office will not consider
the case until the vage matter has been settled.
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"ocrText": "- 7 -\ncompanies without a price increase.\nProfits in the steel industry\nfor the year 1951 are expected to be between 2 and 2.5 billion\n\"NATIONAN\nAND\nRECORDS\ndollars -- the highest profits in the history of the industry.\nthe\nA rough comparison may be made between this figure and the base\nlevel of profits under the law by which excess profits taxes are\nealculated -- that base being about 1.25 billion dollars. While\nthese figures make it plain that the industry eculd absorb some wage\nincreases without raising prices, the Office of Price Stabilization\nis the only body that can deternine whether any specific wage increase\nwould require a price increase, and that office will not consider\nthe case until the vage matter has been settled."
}