Friday, November ., 1976
THE MICHIGAN DAILY
Friday, November 5, 1976 THE MICHIGAN DAILY
Wholesale price rise continues Carter may propose
WASHINGTON (AP)- Whole-t cent annual rate over the past 1 the past three months, . farm bottlenecks or demand pres- m ajor 7 taX cut
ale prices jumped sharply, in three months.,For the past 121 prices have fallen at a 10.9 per sures.
ctobei- for the second straight months, prices rose 3.5 per cent, cent annual rate while indus- PART OF THE October in-
(Clnton--d-from Pag-w*) - l
I t is
$2.50 / *
month because of the biggest
rise in industrial prices in aI
year, the Labor Department re-f
Higher costs for 1977 model
cars, fuel and lumber products
led a six-tenths of 1 per cent
increase in the wholesale price
index, a precursor of prices con-.
sumers will eventually pay.
A DECLINE in farm prices
kept the over-all index from
rising more sharply.
Although the October increase
was smaller than September's
nine-tenths per cent spurt, the
report indicated continuing
strong inflationary pressures on
President-elect Jimmy Carter
has agreed with President Ford
that inflation will be a serious
concern next year and will prob- 1
ably be in the range of six per1
cent for the year.1
DURING THE presidential
campaign, Carter said the gov-
ernment should play a more'
active role in getting 1 rivate
industry to restrain price in-,
Inflation at the wholesale lev-
el has increased at a 5.8 per
the smallest year-to-year change
since November 1971.
While the drop in farm prices
is good news for grocery shop-
pers, the industrial price trend
is a more disturbing sign for
ECONOMISTS follow move-,
ments in industrial prices -
which make 'up more than 70
per cent of the wholesale price
index - more carefully than
farm prices because industrial
price changes are likely to have
a prolonged impact on the over-
all price level. Food prices,
even after adjustment for sea-
sonal influences, fluctuate from
month to month.
Industrial prices have been
rising steadily for the past five,
months - increasing by five-
tenths per cent in June, seven- .
tenths in July and August, nine-
tenths in September and 1 per
cent last month. The October
rise was the sharpest 'monthly
increase since last October
when they rose 1.2 per cent.
Farm prices fell 1.2 per dent
in October following a 1.9 per
cent rise in September and de-
clines in July and August. Over
trial prices climbed at an 11
per cent annual rate.
JOHN HENDRICK, the Com-
merce Department's chief econ-
omist, said he welcomed the
slowdown in the rate of increase
in the over-all index from Sep-
tember to October. But he add-
ed that he was disturbed by
the trend in industrial prices.
"This suggests that unless we
get some moderation in indus-
trial prices, the over-all index
might rise more in future
months," he said.
Kendrick said he cannot un-
derstand why industrial prices
are going up so fast because
the economy has not been pro-
ducing at capacity and there,
d o not appear to be too many
crease was due to a 3.6 per
cent rise in motor vehicle pric-
es, reflecting price tags on new
model cars and trucks; a 2.6
per cent increase in, prices for
energy products, including pe-
troleum and natural gas; and'
higher lumber prices because
of the recent increase in home-
Falling prices for hogs and
grains led the decline at the
farm level. These offset higher
prices for cattle, eggs, coffee
and produce. '
Especially significant for fu-
ture trends was a 4 per cent
jump in crude material prices
in October. Price movements
for these materials usually sig-
nal broader trends several
months in advance.
-i AIU iy piedgec to cut unemploy-
when he will take office. ment and inflation, said his
WHEN CARTER was asked mandate had been very broad-
to what he attributed his vic- based and said of his campaign
tory, he replied that there were promises: "They are not only
a numbertof reasons, citing a possible, but I predict they will
desire on the part of the Amer-' be achieved."j
ican people to see greater ar- In an opening statment, Cir-
mony between the White House ter stressed the need for coop-
and Congress, a desire for a eration between the President
change and a desire to see more and the Congress and added:
aggressive leadership demon- "I deeply need the support of
strated by the President. all the pple as
"I'll be very. aggressive in all the American people as we
keeping my promises to the approach the time for a new
American people," Carter stat- administration next January."
ed. HE CONTINUED: WPa "W '
"Rosalie- Sorrels has about as many
frxnds, lovers. cults and devotees as a
singer and a worim can have without
being do'wn-right famous . . . ,joyous,
sad, hard-nosed, tender . . . her songs
are sung in a voice that has been
lived in, a cutting voice that caresses
a song with familiarity busnotneces-
sarily genitleness."-Rolling Stone
Paul Geremia is best known for
his excellent renditions of coun-
try blues . ,. he is an expert on
the guitar and the best "on the
rack" harp player in the coun-
try. He ,is also a fine singer-
songwriter whose material has
been heavily influenced by the
flavor of traditional country
He was asked if he felt he
had been given enough of a
mandate in Tuesday's election,
to be able to fulfill all his
CARTER, WHO had particu-
%A,. sIIINU ,. 1/: we ca n I
do everything, it's going to re-
quire a 'great deal of coop-
eration between myself as!
President-elect, other members'
of the administration ... and
ticket sales policy
(Continued from Page 1)
procedures for that line.
"If that (design of rules by the
first group) is Michigan tradi-x
tion, we could do it for anything
from tuition to registration,"!
said a former student member'
of the Board/'in Control of Inter-
collegiate Athletics who declined
to be, identified.
THE ATHLETIC Department
has stated that regulations gov-
erning ticket lines are a student
matter. During November, SOB
will develop several sets of
ticket sales regulations to be
presented to students during anI
all-campus election in Decen-
programming ticket distribution
into the computer registration
(CRISP) procedure. Currently,
students receive coupons which
may be traded for football
tickets during spring registra-
A MAIL order procedure, sim-
ilar to that used for some con-
certs at the Power Center, was
also suggested. Suzanne Young,
Events Director for the Univer-
sity Activities Center (UAC) op-
posed a mail-order policy say-
ing, "It will only add to ticket
"Besides," she added, "Some
people say they are willing to
spend two days in line."
WVIN A FREE
GARGOYLE, U. of M.'s own humor magazine, is giving away a
free 6 day Windjammer Caribbean cruise. To win, put your
names address and phone number on a card or paper. Write
"I READ THE GARGOYLE" across the top and leave'the ccird
with any participating store on State St., N. University, S.
University or Liberty St., the cards will- be picked up and a
winner will be chosen. Full rules and information may be
found in the Fall 1976 GARG or at the Student Publications
Building. THE DEADLINE IS NOV.-10, 1976.
A Foolish in discretion
"I would set up a lottery to
distribute tickets by computer,"c
said Ralph Digaetno, one of the
non-board members. "It's really
not fair for anybody 'in line to
represent more than f o u r+
Other suggestions included
'p ilot b
(Continued from Page 1)
"I didn't want to do what they
wanted me to do," she said, "So
I went into flying."
THE ONLY FEMALE in
her class, she, was an in-
triguing f i g u r e to the
officers. Their attitude, she.
said, was "to let her go along
as far as she can. I got more
training and more variation
than most of my friends in the
Her only combat mission was
in the 1956 war, when she co-
piloted the lead plane dropping
paratroopers over the Sinai pen-
Shortly after her training, the
Air Force, after repeated bad
luck with women flight cadets,
decided against training more
women in flight school.
"AFTER I FINISHED my mil-
itary duty in '54, there has been
a big regression as far as wom-
en in the army are concerned."
Now in her 40's, Rom said'
that "In the 50's when I joined
the army, they (women) were
still in active duty."
Women's jobs in the army
are now restricted largely to
clerical work, despite the man-
datory training they undertake.,
SPLANT SALE 4
Saturday, Nov.6t c
10 o.m.-4 p.m.
1724 Hermitage, Ann Arbor
( so<=o<= oe= o<=>
Among other possible revisions
discussed during the hearing
were ticket distribution at ran-
dom by student I.D. number and
student choice of tickets from a
designated class priority sec-
MAJOR EVENTS OFFICE PRESENTS GO BLUES
Fri. Nov. 19 G LE
Hill Aud.-8 p.m.
spi:}ti::g."yJC C Sykes
"the country blues
- play wiltrdesyta rlli-
an lathe bes."ar
TECHNOLOGY AND POLICY
PROGRAM AT MIT
The Massachusets Institute of Technology is
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Technology and Policy. This program is d
signe for persons wanting to participate in
leading the development, use and control 0f
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systems approaches to such problems as the