The 1941 rise in commodity prices got a step nearer the serious stage last week.
Helped along by the shipping shortage and the Fulmer farm-loan act, the wholesale price of many a kitchen necessity was at or near a four-year high. Wheat was 9% higher than in January; butter, 18%; sugar, 17%; coffee, 45%; cocoa, 56%.
Part of these advances were already being felt in the retail markets, which is to say the housewives' pocket: the Bureau of Labor's index of retail food prices is up more than 4% since Christmas. Thus OPACS had...
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