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Tight Money / Plywood #33594

ABC Evening News for Friday, Sep 06, 1974
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(Studio) Most econs. favor expanding tight money supply. Greenspan against it. Treasury Secretary William Simon also favors money restraints. Plywood mfrs. hit hard by money squeeze.
REPORTER: Howard K. Smith

(Stevenson, WA) Many plywood mills closed down. [General manager Stevenson Plywood Company Bob BARNES - says mill will reopen for 3 weeks and then close back down.]
REPORTER: Roger Peterson

(Saint Helens, OR) Mill still open here, but operating at 65% capacity. [General manager Multnomah Plywood Berchel MONTEITH - says can make plywood, but can't sell it.]
REPORTER: Roger Peterson

(Portland, OR) Lumber costs high due to incrd. foreign demand. Congress law says companies can't export unprocessed logs from federal lands. Logs sliced and exported in bundles to get by law.
REPORTER: Roger Peterson

Peterson, Roger;
Smith, Howard K.

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