STATE OF BUSINESS: Facts & Figures, Sep. 1, 1947

Five Straight. The Bureau of Labor Statistics reported that wholesale prices reached a new postwar high, rising 0.3% to 152.7% of the 1926 average.

Corn Casualties. Hot weather in August shriveled corn crop prospects by another 223 million bushels. The Department of Agriculture put the total 1947 yield at 2,437 million bushels, the lowest since 1936. As a result, meat supplies will probably be sharply reduced next year, meat prices sharply raised.

New Numbers. American Telephone and Telegraph Co. will ask its stockholders to authorize the largest financing transaction in U.S. corporate...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!