Praise, Wariness Greet Controls Shift
Business was generally pleased, most Republicans had only praise, and the stuck market rose yesterday at the news of the PresidentÛªs new wage and price control plans.</br></br>AFL-CIO President Meany, who walked off the government's old Pay Board last spring, said the new setup was ÛÏa step in the right direction.Û and lhafr the labor federations would ÛÏcoope-erateÛ right now, while it watched how the new rules worked out.</br></br>He carefully added, however, that the AFL-CIO reserves the'right to oppose a continuation of controls beyond April 30, when they will expire if Congress does not extend them.</br></br>MeanyÛªs problem, aides said, was that, like most people yesterday, he was not wholly sure how the new system will work out.</br></br>His quarrel with the old was based on his claim that it was tilted against labor. He lashed out repeatedly at the fact that such items as food prices and profits were being allowed to rise faster than wages.