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Lumber Prices #18779

ABC Evening News for Friday, Dec 01, 1972
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(Studio) Federal Price Commission orders 2 lumber companies to roll back prices and refund $1 million to overcharged customers.
REPORTER: Howard K. Smith

(Laona, WI) Lumbermen say lumber shortage contributes to higher prices. But some lumbermen not cutting because feel Price Commission not allowing enough in prices for maintaining timber land. Mills closing rather than accept Price Commission regulations. [National Forest Products Association spokesperson Dr. John MUENCH - says companies inventing ways of avoiding regulations. It's either that or no production at all.] [Home Bleaders Association spokesperson Robert WIDDICOMBE - says lumbermen's efforts to avoid regulations hurts housing industry.] Statistics given of lumber price rises.
REPORTER: Ron Miller

Reporter(s):
Miller, Ron;
Smith, Howard K.
Duration:
00:03:00

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