Business: Wholesale Prices Decline

Despite such public outbreaks against rising prices as has occurred in the case of sugar, the general movement of wholesale prices on May 1 was still downward. Broadstreet's price index number for wholesale commodities dropped sharply to 148.1 on that date from 151.1 on April 1, which in turn represented a drop from the figure of 151.2 for March. Previous to the latter date, the index of wholesale prices had advanced almost uninterruptedly from the low figure of June 1, 1921.

Taken by groups from April 1 to May 1 this year, livestock remained unchanged...

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