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Sugar Profits / Hearing #232074

CBS Evening News for Monday, Nov 25, 1974
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(Studio) Council on Wage and Price Stability says sugar industry reaped windfall gains this year
REPORTER: Walter Cronkite

(DC) [Treasury Secretary William SIMON - says American hsewife. deserves to know what causes great price increases] Witnesses say prices too high, but all pass on the blame. [Consumer representative Carol FOREMAN - says President, instead of his committee , can ask that prices stay down.] [Refiners representative Gregg POTVIN - says sugar industry pays world price anywhere.] [Growers representative Horace GODFREY - says spot market price set up on basis of prices paid for imported sugar. Domestic producers don't make market, but follow market] For. sugar growers saddled with blame.
REPORTER: Ed Bradley

Reporter(s):
Bradley, Ed;
Cronkite, Walter
Duration:
00:01:50

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