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Farm Prices and Loan Rates Jump as Price Freeze Nears
Washington Post wire reports prices for wheat climbed to record highs amid crop worries and the end of the price freeze. The Dow Jones averaged below 900 as USDA warned grocery costs would rise and banks raised prime lending rates to 9 percent, with exports and potential controls in debate.
MENTIONED IN THIS ARTICLE
Washington Post
Washington
Agriculture
Earl L. Butz
Minneapolis
Chicago
Gulf of Mexico
First National City Bank of New York
First National City
Treasury
George P. Shultz
Detroit
Shultz
New York Stock Exchange
Agriculture Department
USDA
Cost of Living Council
Chicago Board of Trade
Board of Trade
Butz
Carroll Brunthauer
Commerce Department
Brunthaver
Canada
U.S
European Economic Community
Brunthauer