Market basket costs rise steeply amid price lift
An Agriculture Department market basket report shows the annual cost for U.S. farm food rises 24.8 percent from August 1972, with a weekly cost of 31.79 dollars. Beef and pork prices hit record highs after price ceilings were lifted, while farm prices show early declines in September.
MENTIONED IN THIS ARTICLE
Nixon
Agriculture Department
Earl L. Buta
Butz
Congress warned to curb federal spending
A Nixon administration official told a New York business group Congress must restrain federal spending to curb inflation. Roy L. Ash warned that current bills could push the deficit to $6 billion for the year starting July, while stressing cooperation between Congress and the White House to avoid tax hikes or defense cuts. Forecasters projected inflation around 4 to 7 percent next year, with consumer prices rising 7.6 percent so far this year.
MENTIONED IN THIS ARTICLE
New York
Congress
United States
Nixon Administration
Roy L. Ash
Office of Management and Budget
Executive Branch
Standard oil raises retail gasoline prices in California
SAN FRANCISCO. Standard Oil Co. of California disclosed it raised the price of retail gasoline at company owned stations by six tenths of a cent per gallon over the weekend. A spokesman said the boost followed Phase 4 guidelines. The IRS noted many complaints but Standard argued the interpretation may be correct. The firm also raised wholesale prices to independent Chevron dealers by eight tenths of a cent, with Phase 4 restricting pass through to consumers. A four day station shutdown by independents left 71 percent of Northern California stations closed, while Standard stations stayed open and thousands of motorists jammed stations as the boycott spread, per the California Automobile Association.
MENTIONED IN THIS ARTICLE
San Francisco
UPD
Standard Oil Co. of
California
IRS
Standard
Chevron
Census reshuffles large metro populations in 1972
The Census Bureau reports New York City remains the largest metro, with 9,044,000 people in 1972. Chicago grows to 7,085,000, overtaking Los Angeles Long Beach, which falls to 7,000,000. Philadelphia and Detroit follow as fourth and fifth largest.
MENTIONED IN THIS ARTICLE
Washington
Chicago
Los Angeles-Long Beach
Census Bureau
New York City
Los Angeles
Philadelphia
Detroit
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Conference Board
Ash
Edgar R. Wielder
Treasury
Fiedler
The
California Automobile Association
Oregon Border
L.A.L.B
Sacramento
Reagan
Sation
Earl Manning
One Suns
E. Std Sr. L.B
Alonded Studio
LOS Cerritos
Bank Americaid
Los Cerritos Center
Montclair Plaza
Northridge Fashion Center
Hollywood Blvd
Pacific