Safeway Chief Denies High Grocery Profits Driving Prices
Washington AP report quotes Safeway Stores president W S Mitchell asserting profits do not drive food prices, noting profits amount to less than a penny per person daily in 1973 and possibly a penny or a quarter this year. Mitchell argues prices follow competitors, not costs, amid Proxmire and Humphrey criticisms of price uniformity and market share.
MENTIONED IN THIS ARTICLE
Washington (Ap
Safeway Stores, Inc
W. S. Mitchell
Mitchell
William Proxmire
D-Wis
Proxmire
Joint Economic Committee
Safeway
San Francisco
Seattle
Hubert H. Humphrey
Dminn
Humphrey
A&p
Kansas City
Butz Criticizes Grain Farmer Cycle and Farm Leisure
Secretary Earl L. Butz warns that many grain farmers earn six months of income in a year by growing only corn and soybeans, enabling vacations at upscale resorts. He cites farmers abandoning live stock to enjoy leisure time, selling cattle to feed lots rather than raising them on the farm, during a Des Moines Register interview. A burglary report from Long Beach notes Benny Tillman saying burglars took TVs and stereo gear worth 3329 dollars from his home.
MENTIONED IN THIS ARTICLE
Des Moines, Iowa
Earl L. Butz
Butz
The
Des Moines Register
Miami
Beans
Nassau
Benny Tillman
Ruth Ave
Long Beach
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