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...
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