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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
May 29, 1969
Page
4
Three government studies show rising wholesale prices, shrinking export surplus, and high consumer buying plans for cars and homes. May wholesale prices jumped six tenths of 1 percent led by food, the steepest month gain since 1955, while April trade surplus narrowed to 109.4 million from 413 million a year earlier.
American Telephone and Telegraph plans trial rate schedules to favor direct distance dialing with lower first minute charges and two daily periods. Trials begin June 29 in Charlotte and nearby areas. Day rates run 7 am to 6 pm weekdays with 10 to 65 cent first minute charges, while night rates apply 6 pm to 7 am and on weekends.
A terse statement signals a strategic stance against inflation with a focus on consumer psychology and market expectations. Officials emphasize gradual discipline and policy credibility to anchor price trends while maintaining growth.
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