Traveling down the long black road on the Annalist's commodity price index, the statistical wayfarer comes to a fork in April 1933. The left fork leads sharply up the rise which followed abandonment of gold. The right fork, which looks like a half-forgotten detour on the price map, is an index in terms of old gold dollars. This index shows that as a group hogs, corn, cotton, sugar, many another commodity, actually continued to decline until almost the end of last year, hardly moved off bottom until this spring. But by last week the...
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