I would like to confine my remarks today to a review of the last six months, outlining many of the practical problems that have been solved and perhaps forecasting a few of the conditions that may be present in the months to come. Since December 1, 1941, when retail prices went under control there has been little, if any, change in the retail price of goods. The cost-of-living index released two or three weeks ago shows practically no change since October, 1941. Much credit for the success so far is due to the thousands of retailers from coast to coast who have been, with few exceptions, eager and anxious to obey the law and to do everything possible to help work out the difficult price adjustments that had to be made between retailer, wholesaler, and manufacturer. These adjustments were necessary owing to the general retail price level which at the time of the basic period, September 15 to October 11, was much below replacement cost.