Profiteering Causing Inflation, AFL Says
ATLANTIC CITY, N. J., Aug. II (IPi.ÛÓThe American Federation of Labor charged today that ÛÏprofiteeringÛ has put the Nation in grave danger of runaway inflation.</br></br>The AFLÛªs executive council, meeting here to plan election-year tactics and draw up a report for the national convention next month, asked Mr. Truman to ÛÏtake whatever steps the facts make necessary to protect the public interest in the price crisis.Û</br></br>AFL President William Green said the 15-mcmber council did not request a special session of Congress because frankly, it doubted anything could be accomplished by a "Congress dominated by the coalition of Southern Democrats and Northern Republicans.Û</br></br>The council denied that the price-spiral was due to wage increases. It said ÛÏall the evidence available proved that it is due to profiteering right down the line, from the wholesale to 1 the retail level.</br></br>ÛÏPrices of -manufactured articles are bound to rise due to the huge and unjustifiable increase in steel prices extorted from the Government by the steeL industry.Û