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(Studio) Phase III economy advisers show signs of being more flexible than was case in Phase II on matter of wage increase guidelines. Old guideline was 5.5%.
REPORTER: John Chancellor
(White House) Treasury Secretary Shultz insists administration sticking to 5.5% wage ceiling, but then says each pay increase will be considered on own merits. [SHULTZ - says each wage increase will be examined on own merits.] Shultz says feels farm prices will not increase this year
REPORTER: Irving R. Levine
- Chancellor, John;
- Levine, Irving R.
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