Trend Reversed. The Federal Reserve Board's index of industrial production (in which the years 1935-39 equal 100) dropped during July, for the fourth month in a row, to 178. This was six points below June and twelve points below the postwar high last March. But the board said that, although it did not yet have final figures, "scattered information" indicated that the downward trend, due "in part to influences of a temporary nature," was reversed in August.
Irreversible Trend? In its sixth successive weekly rise, the Department of Labor's index of wholesale prices inched up .8% to a new...
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