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Newspaper
Cameron Herald
Location
Cameron, Texas, United States of America
Date
Jan 10, 1972
Page
4
The Price Commission clarifies posting requirements for base prices. Retailers under 100,000 in sales must display base prices for the 40 top selling products or those making up half of yearly sales, whichever is less. Larger retailers must post base prices for all food items and the top 40 nonfood products per department.
Secretary Hodgson stated on December 22 that evidence the Nixon wage and price program works is clear. The August to November index rose at 1.7 percent annually, down from 4.1 percent over the prior six months. He credits producers, sellers, and consumers for backing the plan, calling the program a success and predicting a better year for the average buyer.
This IRS public service column answers common questions about the Economic Stabilization Program. It states tenants may refuse to pay added rents without base price records and justification for increases. Landlords must keep records and provide them to tenants during rent changes.
Employers may make retraceive payments on their own determination subject to IRS compliance checks. State unemployment payments are not wages or prices and are not controlled. Yes to using PC-1 forms for prenotifiers and reporting firms. Tuition and room and board are covered. Forms available at IRS offices.
The text explains that firms not required to file Form PC-1 must keep records of price increases, and notes that certain charges were subject to Phase I while licenses and fines were exempt. It confirms Phase II continues existing policy rulings and interpretations after November 13, 1971, unless regs or rulings alter them.
Milam County representative Ivey T. Gilbert of Mutual of Omaha earns a Master Builders Club award for top salesmanship and service. He is among the companys top 12 nationwide and cites a recurring disability clause as key to policy payouts. Gilbert, born Buckholts and a Sharp High School alum, lives with wife Pat and three children on West 22nd Street.
Cameron Lumber Co operated by Charles Chandler offers 1000 Colony paint colors enabled by instant color liquid powder system. Gene Marak supports Chandler with eight years at the firm as they supply standard lumber roofing materials plus pre finished paneling and moldings. The business traces to Jeter Lumber Co 1890 and is located opposite City Hall in Austin and Cameron offering hardware ceiling tile plumbing tools framing services and more.
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