The trend of commodity prices in the United States which has been more or less downward for some month: declining, according to the index numbers of the leading trade agencies. The August 1 index number as made up by Bradstreet's was 318.8273, which marks a decline of 2.9 per cent. from July 1, the number on the latter date decreasing 2.6 per cent from June 1, the latter. in turn, dropping 4.1" per cent. from May 1. In fact, with the exception of the May 1 index number, which reflected effects of the "outlaw"? railway strike in April due to the general tie-up, and showed a very slight reaction upward, the trend of prices has been quite steadily downward since February 1. when the peak point of Brad. street's price record of 28 years was reached. The August 1. number marks a recession of fully 10 per cent. from this peak point, is 6 per cent. below August 1 a year ago, and is the lowest index number recorded since June 1, 1919, but is still 115.7 per cent. above the August 1. 1914. number.
Text read from the printed page and cleaned; old type leaves the occasional error.