OCR Text |
Show WORLD PRICES IN UPWARD MOVEMENT An upward trend in price movement move-ment Is now distinctly visible the world over. Thero are several ways says the trade record of the .ational City bank of Now York, by which we may test tho matter of prices at the present moment as compared with those of a month or a year ugo. but these various tests agree that prices at the present moment are higher than they wore ono month ago and In some cases several months ago. The "price Index figures' as now compiled by the statisticians of tho various countries of the world have for tho past two or three months hinted strongly at higher prices. Tho index number worked out by the federal fed-eral roserve board with reference: to the United States, compiled from 10") wholesale price quotations for representative repre-sentative commodities showed for "consumers' goods" In the month of March. 1 9 J 2 . 157 against 150 In Jnnu-ary; Jnnu-ary; for raw materials 147 against 141 In January; for exports 144 against 137 In January, and for Imports lllj against 110 In January, and for the entire group a figure of 147 In March, 1922, against 142 In January. I |