Plan Price Hike War JOHNSON; CITY, Tex
DlMtribuUmt t i Fair 'and tetsooably cool to- 26,150 night, low in low u> mid J*i. I Red Bank Area f Tomorrow fair' and mild, high Copyrightr-The JCed Bank Register, Inc., 1965. <r? DIAL 741-0010 4W0. MONMOUTH COUNTTS HOME NEWSPAPER FOR 87 YEARS IMUKJ duly. Kintu through Friday. Second CUM Pwttft VOL. 88, NO. 110 Paid u iUd Bank and at Additional Malllni OUlfM. WEDNESDAY, DECEMBER 1, 1965 7c PER COPY PAGE ONE Plan Price Hike War JOHNSON; CITY, Tex. (AP) Schultze, Chairman William Mc- could be the potential impact on five years, nudged the „ upper out a new contract that would — President Johnson, concerned Chesney Martin of the Federal financial markets for stocks, limits of what the government not do violence to federal wage- about record living costs rising Reserve Board and Chairman bonds and, equally important, deems noninflationary. How- price guidelines. ; at a close-to-inflation rate, plans Gardner Ackley of his Council for money. ever, federal officials avoided The same concern prompted of Economic Advisers. an early meetfng with key eco- The "money markets" deter- the scare word "inflation." the President, acting through nomic advisers to map a feder- When it occurs, the session mine short-term borrowing Concern Evident subordinates, to counter 'An- al campaign against further probably will be labeled a rou- costs that affect everyone from Johnson's concern about a nounced increases in aluminum hikes in price tags. tine, periodic meeting of the big industrialists to household- possible new wage-price spiral, Johnson is expected to meet group which, before Johnson's ers buying .a new refrigerator born of a significant boost in and copper prices within the within the next week or 10 days, Oct.
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