Gas Price Ltd Hit By Industry Analysis
Washington AP reports a study prepared for the American Petroleum Institute showing that removing federal price ceilings could raise residential natural gas bills by 16.3 percent to 32 percent, lifting annual household costs by about 25 to 50 dollars by 1980 and boosting industry revenue by 1 to 2 billion dollars annually. The study cites a current average 155.73 dollar annual bill and a field price move from 20.5 cents to 45 or 75 cents per BTU.
MENTIONED IN THIS ARTICLE
Washington
American Petroleum Institute
Federal Power Commission
Prices to Rise Despite Harvest
A record world grain harvest is predicted this year yet grain prices are set to climb due to strong global demand. The surge will affect bread and cookies in stores while meat prices stay high as grains feed animals. The International Wheat Council cites rising demand and a looming stock drop, with FAO warning imports may rise further. An urgent Rome meeting is called for Sept. 20.
MENTIONED IN THIS ARTICLE
Norman J. Badderley
Associated Press
International Wheat Council
U.N. Food and Agriculture Organization
Rome
State Fair Ends Sets Records in Columbus
The 120th Ohio State Fair closed after 12 days with an estimated 2,223,589 visitors surpassing the 1970 record. Attendance fees exceed $1 million from Aug 23 to Sept 3, while last year drew 2,209,995 guests. The report notes rising wheat prices and constrained stocks affecting global markets and developing nations. Institutions warn higher costs may disrupt economies unless stocks rise.
MENTIONED IN THIS ARTICLE
Columbus, Ohio
Columbus Exposition
Auto chiefs hold secret summit shaping annual talks
Detroit AP reports a summit of General Motors Ford and Chrysler executives meets away from public view to set the tone of this year’s negotiations. Top negotiators stay in close contact, drawing UAW complaints but insisting the exchanges are information sharing, not collusion. Townsend of Chrysler dismisses the lockstep charge as unlikely.
MENTIONED IN THIS ARTICLE
Detroit
Africa
General Motors
Ford
Chrysler
Foothill
Auto
UAW
Lynn Townsend
Also Mentioned on This Page
Gas Price Ltd
Donald W. Schultz
Indiana State
Michigan City
J. Russell Lash
Schultz
Otis Bowen
Organization
Wheat Council
Council
Soviet Union
U.N. Food Organization
London
Moscow
United States
Auto Chiefs
Riles Union
United Auto Workers
Townsend
SU AS
Jamestown
Extenor
Meiden Resesa
S Supreme Paint
Ant Iné Go
Trutest
Marvelustre
True Value
White
Lyunfy Mus F
Ctuir
Abues
Bank Americard
C&e Hardware
Richland Ave
C&e
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