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Steel Price Incr. #243877

CBS Evening News for Thursday, Dec 02, 1976
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(Studio) Carter has criticized steel price increase, but today says he won't talk to industry representatives as he feels he can do nothing until taking office. White House spokesperson say Ford probably won't talk to industry representatives either. Council on Wage and Price Stability questions price hike.
REPORTER: Walter Cronkite

(DC) [Council acting director William LILLEY - says council is concerned that industry trying to protect self against possible future wage and price controls.] Lilley says there's evidence already of discounts on new list prices. House subcommittee is probing matter. [Subcommittee on economy stabilization chairperson William MOORHEAD - says industry invites price controls and rollbacks with new admin.] President Ford has no comment on proceedings; message of Wage and Price Stability Council is that steel buyers must break price hike by refusing to buy.
REPORTER: Phil Jones

Reporter(s):
Cronkite, Walter;
Jones, Phil
Duration:
00:02:10

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