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Phase IV / Food Ind. Reaction #26809

ABC Evening News for Thursday, Jul 19, 1973
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(Studio) With Phase IV in effect, food ind reacts quickly. Food prices in supermkts. already on rise. Wholesalers to raise prices to make up for 60-day freeze.
REPORTER: Harry Reasoner

(Los Angeles, California) Growers respond favorably to Phase IV. Wholesalers react to Phase IV at wholesalers' terminal. Contd. high demand for food means escalating prices in supermarket Reaction from supermarket shoppers.
REPORTER: Anne Kaestner

(Chicago, Illinois) Beef frozen until September Beef industry charges administration with discrimination since all other foods unfrozen by Phase IV [American Meat Institute Herrell DeGRAFF - believes dire meat shortages to exist in August and early September Cattlemen won't allow beef to go to mkt, before beef ceiling raised.] Pork and lamb to be available at higher costs. [Meat packer George GORMAN - states he would remove ceilings at all levels. Allow supply and demand laws to operate naturally.]
REPORTER: Ron Miller

Reporter(s):
Kaestner, Anne;
Miller, Ron;
Reasoner, Harry
Duration:
00:04:00

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