Nader Plans To Study Communications Satellites
Washington AP Ralph Nader consumer advocate says satellite industry growth may be slowed to protect conventional systems used by AT&T He will sponsor a summer study group to examine COMSAT and the broader industry The group will assess AT&T large shareholding and the pace of new satellite technologies amid regulatory actions and entrenched interests.
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Steel Can Take Firm Labor Stand
Industry Week reports basic steel companies are firmer for a tough labor stance since mid May bargaining began. The magazine cites Nixor Administration intervention and copper industry solidarity as factors. Despite copper strikes, mills expect no late surge of orders and raw steel production fell to 2.3 million net tons last week. No. 1 HM scrap rose to 32.50 from 32.17.
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Industry Week
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Cincinnati Livestock Market Report
Cincinnati AP USDA cattle numbers show 1,300 head on feed with 100 calves. Slaughter cattle were mostly steady to very slow, with price drops. Steers and heifers quoted across grades, cows and bulls listed, along with calf prices for dealers and various weight ranges.
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Meany backs wage price controls if needed
AFL CIO President George Meany urged that if Nixon must impose inflation controls they should be shared equally across all incomes. He warned of inflationary psychology and criticized Treasury Secretary Connally for doubting sustained full employment in peacetime.
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