The swift decline in stock prices has tended to distract public attention from the more gradual but continuous fall in the prices of commodities.
The Bradstreet index number for wholesale commodities reached its recent peak in March, 1923, with the figure of 151.2, and has been falling steadily ever since, as follows: April, 151.1; May, 148.1; June, 145.0; July, 141.9, and August, 139.0.
As usual, this decline since March, 1923, has varied in extent among the different groups of commodities composing the total index figure. Between March 1 and Aug. 1, the total index...
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