U. S. Bureau of Agricultural Economics
Published: 2017-11-08
Total Pages: 40
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Excerpt from The Demand and Price Situation: Oct. 1950 Currently, the economy is operating at the highest rate in history, except at the peak of the World War II effort. Even before flue Korean developments, the con tinned recovery in business activity and employment from mid-1949 levels was being te flected in increasing demand for most goods and services and an upturn in prices generally, including som advance in farm product prices at wholesale and food at re tail. As a result of the Korean conflict, there has been a sharply increased program to augment productlon for military purposes, and an expans ion in business plans to increase and improve plant and equipment. In addition, mere was an upsurge in con Signer buying of commodities of which supplies might be reduced in a war economy. In recent weeks, the more favorable news of military operations and the establishment of stricter credit terns have been reflected in a slackening of consumer expenditures, although they oontmue substantially above those of a year ago. The bis index of whole sale commodity pr ices rose about 7 percent from late June to mid-october and was only Slightly below the all-time high of mid-august 1948. Wholesale prices of farm products and foods have been relatively stable smoe mid-july and some other prices may stabilize in the near future if consumer buylng abates. Nevertheless, the round of wage increases now under way, higher raw material costs and strong demand by business for inventories are likely to reinforce upward pressures on prices, particularly those Of industrial oomodities. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.