Word: dunning
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December 3--The Christian Ethic for the Individual. Dr. Augus Dun, Professor of Systematic Divinity in Episcopal Theological School...
...been as thoroughly publicized as the Roosevelt bull market. But the world is full of a number of things just as important to industrial civilization as staples. For a broad view of commodities the businessman leans on the big wholesale price indices, typical of which are those computed by Dun & Bradstreet, the Department of Labor and the Annalist, financial weekly published by the New York Times. Last week a 23-year picture of these indices looked like this...
...Dun...
These indices differ because they are figured on different bases. Dun's was started in 1860, is compiled from more than 200 items. The magic base of normality-100%-is not used. Instead, figures expressing a total in which each item is "weighted" according to per capita consumption, allow the index to run where it will. For customers used to the Bradstreet index started in 1892 Dun & Bradstreet also computes the combined per-lb. prices of 96 items. This monthly index was at $6.35 in March 1933, is now at $11.14. The Annalist uses a long list of commodities...
Over long periods these indices reflect the totality of commodity price changes, but they often lag in revealing price trends over periods of less than a year. For daily distribution by the United Press, a more responsive index is compiled by Dun & Bradstreet from the spot prices of 30 basic commodities. This roster of prices (with 1930-32 as 100) was at 68.51 in March 1933, at 129.96 last October, and by last week was up to 144.62. The Associated Press compiles its own index of 35 commodities for its member newspapers. From a depression low of 41.44 (February...