Word: indexed
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Dates: during 1930-1939
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General Motors reported an unseasonal drop of 10% in retail sales from April to May. Most other motormakers felt it wise to join the price-cutting parade, and production for the industry as a whole continued to decline. The New York Times business index registered its fifth consecutive weekly decline. While trade was going steadily downhill it gave no signs of such a collapse as Wall Street confidently predicted six weeks ago. But even the most sanguine businessmen saw little hope of an upturn until August at the earliest...
Only business service specializing in production-consumption relations is Economics Statistics, Inc., ''featuring supply-demand-price analysis" and not to be confused with the world's biggest figure factory, Standard Statistics Co. Inc. In the last two months, Economics Statistics' index of total stocks, raw & finished, has risen from about 145 to 150, or almost one-third of the favorable decline registered from last July through last March. Steel production is running at least 10% ahead of consumption largely because of strike fears. Inventories of tires have reached the highest point since 1930. In such basic...
...private agencies provide the raw figures which Economics Statistics burnishes in the light of such factors as reliability, seasonal variations, money, politics. In an industry like steel, for which no inventory figures are available, the wobbles of thick, black chart lines tell the story. The supply index is based on the American Iron & Steel Institute's published statistics of ingot production. The demand index, which anticipates the trend of actual consumption up to three months, is calculated on figures from steel's customers-automobiles, railroads, building, oil. Gross railroad income furnishes a clue to probable purchases of rails...
...prime railroad bonds was above 100 for the first time since it was compiled nearly 20 years ago. To silver talk in Washington and rocketing grain markets in Chicago, the stock-market gave scant heed. Behind this paradox of rising business and falling stocks bulked one large fact: the indexes of trade are written in the past tense. By last week John Businessman was ready to admit that the swift pace of the spring advance had definitely slackened. For the stockmarket's sorry performance inflationists blamed dollar stabilization and brokers blamed the threat of regulation. But more disinterested observers...
...progress was indisputable. Mr. Harriman listed an increase in farm income from 1932 to 1933 of at least $1,500,000.000; a 50% rise in the price of farm products; a rise in the index of business activity from 61.7 to 78.5 between February 1933 and March 1934; a rise in the index of wholesale prices in the same period from 59.8 to 73.7; a decrease in unemployment from 13,000,000 to less than...