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Wholesale Prices / Price Controls #25239

ABC Evening News for Thursday, Mar 08, 1973
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(Studio) Wholesale prices up 1.9% in February
REPORTER: Howard K. Smith

(DC) Price rise worst for month in 22 years Lumber and fuel responsible for most of price rise. Farm prices also up sharply. [Chairperson Council Econ. Advisers Dr. Herbert STEIN - says may be necessary to reinstitute mandatory price controls in some cases.] [Agriculture Secretary Earl BUTZ - says controlled food prices bad idea.] AFL-CIO President Meany says wants price controls on raw agriculture products.
REPORTER: Bill Zimmerman

(Miami, Florida) Yr. a good one for commercial fisherman, but costs and prices up. [Fisherman Wilbur HAND - says price of fish compared with price labor and equipment uneven.] [Peter SCHWARTZ - says fish industry could possibly supply good amount fish with no price increases.] With processing costs increasing fish prices certain to go up.
REPORTER: David Snell

(Studio) Senator Banking Committee votes to approve year extension of President power to control wages and prices.
REPORTER: Howard K. Smith

Reporter(s):
Smith, Howard K.;
Snell, David;
Zimmerman, Bill
Duration:
00:04:50

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