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Food Prices #19949

ABC Evening News for Wednesday, Mar 29, 1972
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(Studio) Admin. discusses rising food costs with heads of supermarket chains.
REPORTER: Howard K. Smith

(DC) Execs. of 12 major food chains meet with Treasury Secretary John Connally and others. Profit margins and pricing policies of grocers to be watched by government [Representative Parren MITCHELL says Price Commission isn't doing enough to held food prices down; poor, black, and aged, suffer because small mkts'. prices aren't controlled.]
REPORTER: Bill Zimmerman

(Studio) Food processors and retailers say they aren't to blame for higher prices.
REPORTER: Howard K. Smith

(Chicago, Illinois) Produce handlers and meat processors are being investigated for profiteering by Nixon administration They insist, however, food prices are at mercy of law of supply and demand. [Produce Mktg. Association, Albert BARNETT - says labor prices have gone up in every phase of food production from grower to retailer.]

Hill, Hugh;
Smith, Howard K.;
Zimmerman, Bill

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