Business: Price-Indices

Perhaps never before in our history have business men given such close attention to the price indices for commodities. For this situation the fear of—or sometimes the hope of— "gold inflation" is responsible. The Bradstreet indices for July 1 showed a smart upward trend, which the weekly index numbers of Prof. Irving Fisher (Yale economist) have corroborated. The publication of the wholesale price indices for commodities by the U.S. Department of Labor—considered by many the most scientific price index available—now reaffirms the upward price tendency.

For July, the Labor Department's...