Businessmen, who had worried over inflation and shortages, last week had a new worry: "soft spots." They were showing up almost everywhere in industry.
To consumers, most of them were welcome. Food, which had risen so much higher than anything else, was finally dropping enough to be a help to budget-bound housewives; meat, butter, eggs, etc. were all down. Dun & Bradstreet's weekly index of the wholesale food price (per pound) of 31 items slid to $6.33, lowest in 17 months, and 14% below July's alltime high.
Despite rising costs, woolen fabric makers were talking price cuts; clothing manufacturers, whose goods were...
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