Noted without comment last week by the New York Journal of Commerce was the fact that a third great group of prices in its commodity index had pushed above the average level prevailing in the boom years 1927-29. Building materials and iron and steel products have been in new high ground for some time. To these conspicuous markers on the highway to inflation were added non-ferrous metals (lead, zinc, copper, tin, etc.), which as a group have risen 46% since the commodity boom got underway last autumn.
Only a month ago tin was selling...
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