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...composite index (1939 = 100) this week was 177, up 27% from last year's low of 139.2. This compares with a 29% rise in the Dow-Jones 65 stock average and a 26% rise in the Dow-Jones industrial average, which many Wall Streeters use as a guide...
With rare political courage and good economic sense, Canada has been fighting inflation with fiscal measures first. Last fall, mild credit restrictions were imposed on most consumer goods. They were not enough. The cost-of-living index climbed from 172.5 to 175.2 in January...
There were other soft spots in price structure. After 19 weeks of steady advance, the Bureau of Labor Statistics' index of wholesale prices had declined fractionally in three of the past four weeks. Even food prices, the worst offenders, had leveled off for the first time in months...
...traders, expecting a 16,000,000-bale crop this year (v. 10,000,000 in 1950), drove down the price of cotton for delivery next fall by $10 a bale, or 6%. In other futures markets, grains, sugar, coffee and cocoa were all on the skids; the Dow-Jones index of futures prices dropped to 204.90, off 10 points from its February peak and the lowest level in two months...
Monro noted that most scholarship applicants come from families that live on white collar salaries, the "stickiest" form of income. Annual earnings in this bracket, about $4000 per year, according to Financial Aid Center's statistics, will not keep pace with the rising national price index...