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Food Price Control #223678

CBS Evening News for Thursday, Jun 29, 1972
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(Studio) President Nixon authorizes freeze on raw food prices.
REPORTER: Walter Cronkite

(White House) Price controls extended to include farm products and seafood after 1st sale. Fruits, vegetables, eggs, fish under limited price restraints (meat is not). Controls placed on middlemen, not farmers. Rate of food increases should be slowed. [Cost of Living Cnsl. Director, Don RUMSFELD - says problem is 1 of supply and demand, for which there are not simple cures.]
REPORTER: Dan Rather

(Los Angeles, California) Response from wholesalers at produce market shows confusion, apprehension. Profits already squeezed between high labor, transportation costs and public unwillingness to pay higher prices. [Produce dealer Frieda KAPLIN - notes number wholesalers, retailers who have gone out of business.] Seafood prices rise so rapidly restaurants take fish off menu. [Seafood jobber, Dub HALL - says controls may pick up fish business.]
REPORTER: Bill Walker

Reporter(s):
Cronkite, Walter;
Rather, Dan;
Walker, Bill
Duration:
00:03:40

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