More for Farmers. Despite the sharp drop in commodity prices last month, farm income in the first quarter of this year is expected to reach a peak of $6.4 billion. For farmers, the only effect of the commodity drop, reported the Department of Agriculture, was to cut the size of their increase over 1947 from 12% for the month of January to an estimated 6% for the first quarter.
Less for Steel. Acme Steel Co., which recently raised prices on finished steel from $6 to $8 a ton, changed its mind. The company, one of the biggest electro-galvanized sheet producers...
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