Florence Morning News Newspaper Archives Jul 19 1973, Page 12

Low-resolution version. To view a high quality image

Start Free Trial
Florence Morning News (Newspaper) - July 19, 1973, Florence, South Carolina12-a thursday july Florence morning news phase four Corii Niini Iroku rage 1aj regulated utilities in the coun try and the Price of Coal under Long term contract. Companies with 60 or fewer workers also will be exempt from controls. In the health Industry the mandatory rules governing i ice increases in effect during the previous phase 3 will sup Plant the freeze. Exempted in the health Industry Are hospitals clinics and other institutions but doctors and dentists Are still subject to the freeze. Reacting to the announce ment the chamber of com Merce issued a critical state ment saying the new program is an improvement of the freeze which has been a Dis Arch Booth the chamber s chairman said phase 4 is an other in a series of charades hat prolongs the dangerous illusion that economic problems can be solved by government edict rather than government Al Cio president George Meany withheld comment Pend ing Hie federation s executive Council meeting in Chicago next month. Jerry Wurf president of the american federation of state county and municipal pm ploys. Said for the administration to talk about tougher enforcement of the wage guidelines while admit Ting that food prices will keep rising is just on Capitol Hill Senate lie publican Leader Hugh Scott said phase 4 should avoid explosive increases in the Price of food since it provides for the maximum farm output while encouraging maximum supplies of House democratic Leader Thomas o Massachusetts said there s no question that there will be an increase in food prices. I just wipe it won t be the program Drew support from Many Farmers and food processors. Ellen Azwell president of the National consumer Congress said however we can expect skyrocketing food Sii Ziltz announced that another 1.200 staff members will be added to enforce phase 4. That number includes both internal Revenue service agents and workers at the Cost of living Council to handle he extra red tape of the new program. The irs has been enforcing wage Price controls with about 3.000 agents nationally. Nixon said however that the Success of the program will de Pend heavily on voluntary compliance. In exempting food prices from the freeze Nixon called on american Farmers to produce As much As they can in the next few months. He said lie Hopes that reports Are untrue of Farmers not want ing to raise livestock because of uncertainty Over Price controls. The rules we Are setting Forth today should give the Fanner Confidence that the government would not keep him from earning a fair return on his investment in providing Nixon said. Noting that the freeze has caused some withholding of supplies from the Market Nix on said the dilemma is no coincidence. It is because food prices were rising most rapidly that the freeze held prices most be Low their natural level and therefore had the worst effect on the administration said the details on proposed phase 4 rules will be disclosed thursday by the Cost of living Council. Summarizing them. Shultz said it is a Tough program of wage Price controls designed to Deal selectively with our prob he said that companies will be Able to charge higher prices Only to reflect their increased Cost such As higher wages and overhead rather than marking these costs up by a percentage As was the Case Teoforo. Limitations will be continued he said. In the Petroleum Industry the White House said there will basically be two Price Ceil for gasoline Healing and diesel fuel and another for crude Oil. Ceiling prices and octane ratings must pos so or. Each pump. But increased crude Oil production from each Well will be exempted from the Price Ceil Ings. Details of the ceilings will be disclosed thursday. There will also be selective controls in the insurance and construction industries both taking effect aug. 12. Shutlz said the controls pro Gram is being introduced gradually in such a Way that a bulge of Price increases expected to follow the freeze will be stretched out Over several months. Nixon said the tendency for prices to go up in the remainder of this year will be less than in the first half but greater than anyone would particularly there is no Way. With or without controls to prevent a substantial Rise of food the president said in his statement. By 1974, Nixon said we should be Able to achieve a much More moderate rate o f the president also look Steps to increase the import of dried skim milk from other nations in an Effort to increase food sup plies at Home. He said stabilizing the Price of food remains a primary objective. Stabilizing the Price of food would not be accomplished by Low Price ceilings and empty shelves even if the ceilings could be enforced when the shelves Are he de dared. Nixon said the evidence is be coming overwhelming that Only if a Rise of food prices is permitted now can we avoid shortages and still higher prices phase 4 had been described in Advance As a Tough new system of Price controls much like those that Nixon clamped on the Economy during the phase 2 system from november 1971 to january 1973. This meant tighter enforce ment by government agents pre clearance of wage and Price increases with the government by big companies and big unions tight rules allowing Busi Nesses to raise prices on enough to cover their Cost and restraints on profit margins. 1 Nixon opted for a new Freez when inflation exploded in the first half of this year under mining his largely voluntary wage Price control system known As phase 3. Consume prices increased by 9 per Cen during phase 3 and food Price by More than 22 per cent. Although phase 3 was de signed to rid the nation of ceo nomic controls Nixon decided on a new freeze to buy time of phase 4. The president says tin new Price control setup Wil likewise be designed to shed the country of controls. Happy Dolla says you can to afford to miss our big summer clearance we re loaded with King size buys fashion formed with Lycra spandex for separation and uplift miss Lori bras i Reg. Save 67c on each ladies fashion right blouses shorts pretty sleeveless blouses in pastel colors Nylon Cotton blend shorts your Choice girls Nylon stretch shorts or tops solid color shorts striped 1 solid tops sizes 4-6x and 7-14 your Choice Quick tanning lotion by Coppertone 2 ounce tube Reg. 4 ounces bottle Reg. Ladies Nylon Bikini briefs Dainty fancy styles and sizes 5-6-7 pair or i for the Man screen print tee shirts or fashion tank tops so a Al great for summer Wear your Choice i each if Junior boys Short sleeve knit regular shirts 5 assorted colors and patterns easy care fabrics sizes 3-7 save up to special group of ladies sandals choose from leather and Man made materials in fashion colors our Reg. Up to men s ounce Cotton twill work pants Khaki Grey or Green. Sizes 30-42 gleem ii tooth paste 3 ounce Reg. 4e Vlku georgian 1qrou bathroom tissue White assorted colors 53e limit 2 White Petroleum Jelly 8 ounce round Glass or our Reg. 61 c White plastic Fence 44 3 diaper pants by baby Scott double snap Side assorted sizes Limpf 2 new sure antiperspirant regular or unscented 6 ounce Spray can daytime pampers save 37e infants Terry sleep play Wear comfortable absorbent Cotton Terry in solids and prints Reg. Is .37 study i elastic with color come Freezer containers pc. Of 10-u of incl 1-24 of. 7-32 of. pkg. Of 30 our Reg. Si.84 9-Hece plastic salad set downtown 177 w. Evans St. Mon., thur., Fri. Sat. 9-6 9-7 hallmark shopping ctr. N. Irby St. Open won. T sat. 9-9 Mich Good thiou6h Vatu Ioway while Noah Sitki Gas controls included Washington a new regulations to control skyrocketing Petroleum prices were included wednesday under president Nixon s phase 4 economic program. The new rules set to go Inlo effect aug. 12, will provide two Price ceilings one on prices for gasoline heating Oil and diesel fuel and one on prices for Domestic crude Oil. Service station operators will be required to Post ceiling or maximum prices and octane rating s on each gasoline pump. The Price ceilings for gasoline heating Oil and diesel fuel will be based on the wholesaler or retainer s actual Cost of the product plus whatever markup applied to a retail Sale of the same product on Jan. 10.1d73. The White House said manufacturers would not be permitted to raise prices in excess of their May 15 prices without first notifying the living Council. The Only exception will be to reflect the added Cost of imports after May 15 and higher costs of Domestic crude Petroleum which is exempted from the freeze. To encourage Petroleum production the new rules exempt from the Price ceiling the amount of crude Oil produced above corresponding 1972 Levels from each Oil Field plus an equal amount of current production. Lease agreements Between gasoline manufacturers and retailers will be held to the terms and conditions As of last May the White House said. Until the new rules go into effect the current Price freeze will remain in effect. According to the government retail Oil and gasoline prices Rose 8 per cent Over the past year. Where else but Robert Hall would you find new look shirt dresses priced this Low buy pm now. Wear pm through full. These shapely Little dresses arc the biggest look ready right now in cheerful prints and full beat solids. A cars of match plus collars n cuffs in Greal con railing White. Solids. 5-13. Convenient Lay a Way 901 second Loop rd., Florence

Search all Florence, South Carolina newspaper archives

All newspaper archives for July 19, 1973

Browse