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July 4, 1942

"Profiteering declines as new retail prices take effect," says the Tribune. But the price of coffee, the current speculative target, is skyrocketing.

"America loses another aircraft carrier," says the Japanese Propaganda Corps by radio and La Vanguardia. Referring to the new U.S. naval building program, Tomokazu Hori said in the Evening Post that the "Pacific was deep enough for more U.S. scrap iron."