OCR Text |
Show Prices Nearer Balance One of the economic signs indicating indi-cating the return cf be'ter business prospects is the regaining by the prices of raw materials of ther comparative balance with the prices pri-ces for manufactured goods. About the middle of 1929 commodity com-modity prices turned downward and this continued until March. 1933. but the average loss for finished goods amounted to thirty per cent, whereas the loss for raw materials was fifty-one per cent. This uneven distribution of losses upset the purchasing power of millions of people and changed the comparative values of th. two classes of goods. New however, there prices are approaching more closely their former relationsh-p. Both classes of prices have advanced ad-vanced but that for finished goods by only twenty per cent., as compared com-pared with an increase cf fortv-eight fortv-eight per cent for raw ma'erials, which almost establishes the former price relationship between raw materials and finished goods. |