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(Studio) Wholesale prices for 1st 10 mos. of year and bearing on inflation rate discussed. Ind. product for October reported.
REPORTER: Dan Rather
(Mt. Vernon, New York) Ind. product decline since July 1981 graphed on screen, discussed. [Westchester Casting Corporation spokesperson Alfred CHIANESE - notes drop in business] Wholesale prices last month outlined on screen noted. [Economist Vincent MALANGA - is pleased with fight against inflation.] Role of Fed. Reserve Bd. in affair explained; Chemical Bank mentioned raising prime int. rate today. STK. MKT. REPORT; Wall Street reaction to mixed messages noted.
REPORTER: Ray Brady
- Brady, Ray;
- Rather, Dan
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