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Wholesale Prices / Lumber #461487

NBC Evening News for Thursday, Nov 02, 1972
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(Studio) Labor Department reports Wholesale Price Index down .2% in October
REPORTER: John Chancellor

(Portland, OR) Lumber comes from Pacific North West where price of logs has incr. 50% in last year due to huge demand and short supply. IRS investigates 15 lumber companies and finds evidence of violations of price controls. [IRS Howard MARTIN - says IRS (Internal Revenue Service) to launch aggressive enforcement program.] [Wood products Association John HAMPTON - says industry has restraints on raw mtls. used for production, and enormous demand. Must raise prices.] [Home Bleaders Association John MAHAFFY - says increase in price of homes due to wood price increase]

Chancellor, John;
Neal, Roy

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