April 11, 1979

Treas sells $1.5 billion issue of 15‐year bonds at average yield of 9.14%, highest rate ever for a long‐term Govt issue (S)

Council on Wage and Price Stability dir Barry P Bosworth disapproves price rise application from Scott Paper Co; says co has failed to show that its cost increases were greater than similar increases during ‘base period’ which is 1976‐77 for most cos; says calculations made from data submitted by Scott show that rise in operating costs per unit of output would be smaller than rate of price increase allowed to co (S)

Pres Carter says there has been no illegal action involving loans made to his family's peanut warehouse, news conf;; does not directly answer question posed by newsman as to whether Pres knew that terms of loans might not have been complied with; there have been no public charges of wrongdoing against Pres Carter, brother Billy or other members of family (M)

Teamsters union and trucking indus agree on new master freight contract; announce that 10‐day‐old strike and lockout that has shutdown much of nation's truck traffic will end immediately; informed sources say agreement will provide wage increase of $1.50 an hour and higher benefits totaling $30 a week over 3‐yr life of contract; Trucking Management Inc pres J Curtis Counts says settlement falls within Pres Carter's modified wage standard; Teamsters win demand that cost‐of‐living adjustments be made semi‐annually rather than annually; final cost‐of‐living payment will be made after 3d yr of contract‐‐provision made to allow contract to meet wage guideline; avg wage paid to teamsters covered by contract is about $9.50 an hr; total compensation is estimated at $12.65 by Govt; Fitzsimmons and Horvitz comment (M)

Mori arrested; illus (M)