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Economy #74903

ABC Evening News for Friday, Oct 15, 1982
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(Studio) Ind. product reported down .6 percent in September; wholesale prices said down .1 percent.
REPORTER: Frank Reynolds

(NYC) Cuts in prices to auto dealers for 1982 models credited with drop in price index. Gasoline, heating oil reported down in price. Wholesale food prices cited. [President REAGAN - speaks optimistically of price drop.] Econ. said continue to slump. [Vice President Pfizer, Incorporated Charles HAFFEY - credits lack of demand for price dip.] Ind. product reported falling last month .6 percent. Midland, Pennsylvania, situation featured. Closing of Crucible steel mill cited. Ceremony mourning close of mill reported, shown. Death of town anticipated. International Trade Commission reported ruling some steel problems caused by unfair competition of foreign producers. Import duties on some items anticipated. Wall Street activity today reported STK. MKT. REPORT given. Wkly. record of trading reported Jump in money supply reported by Federal Reserve thought possibly causing jump in inflation. Incr. in inflation, however, said at lowest rate since 1970.
REPORTER: Dan Cordtz

(Studio) Item recapped at end of broadcast
REPORTER: Frank Reynolds

Cordtz, Dan;
Reynolds, Frank

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