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Middletown Journal in Middletown, Ohio

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Middletown Journal

Location

Middletown, Ohio, United States of America

Date

Dec 01, 1971

Page

2

Renters urged to hold line on rents as GM price rise OK’d

The Fee Commission approved a 2.5 percent price increase for General Motors, the largest U.S. automaker, while noting the overall auto industry hike averaged 3.1 percent among the Big Four. The panel cited productivity gains and profits as factors. The commission also discussed rents under Phase 2 guidelines, warning rollbacks may be needed if increases diverge from new policy, and noted relief for firms with pre freeze special pricing.

Commission

Senate Moves Toward One Year Wage Price Power Extension

The Senate edged toward extending President Nixon's authority to control wages and prices through April 30, 1973, with a retroactive pay provision to aid workers and teachers. Debate centered on exemptions for small businesses and unions and a Cranston amendment to shield media from controls. administration support shifted to the retroactive pay plan.

Washington Nixon Senate John Sparkman D-Ala William Proxmire D-Wis Alan Cranston D-Calif

59 Companies Seek To Increase Prices

The Price Commission approved price hikes for General Motors and four other firms. Notable increases include Aircraft 44 percent and Robertshaw Controls 3 percent, John Morrell 4.97 percent, and International Harvester 3.39 percent. The panel also set 38 new applications, bringing total to 303 from 255 firms.

Washington General Motors Price Commission Robertshaw Controls Co John Morrell Co International Harvester Corp Ofer

Earnings Rise for Chicago Food-Marketing Worker

Hourly earnings for a Chicago food-marketing employee rose from 1.82 in 1957.59 to 2.84 in 196 a 56 percent increase.

Chicago

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