WORLD'S PRICE INDEX.

Auckland Star, Volume LVIII, Issue 107, 9 May 1927, Page 4

WORLD'S PRICE INDEX.

STEADILY DOWNWARDS.

U.SA. RETURNS

At 88.8 the price index of the National Bank of Commerce in New York for March shows another decline in the level of prices. Of the twenty-three quotations used in this index, thirteen had moved lower in' the thirty-day period, while two recorded no change in either direction.

The outstanding development durinz the month was the drop of one-third in the price of mid-continent petroleum. All the important prices of domestic farm products had gone slightly lower. On the other hand, there was a fair advance in the rubber market founded m part on a more optimistic outlook for tie consuming industries and in part on the prospect of further restriction of export under the Stevenson Plan.

Wholesale Price Index (tnree-year average 102325 equals 100) _ 1025. 15)26. 11)27. January 110.9 105.8 01 5 February 100.3 103.1 RO R ™ ar <*h 107.3 08.0 88 S Al>rU 101.8 06.3 May 102.3 04.8 •line 104.8 05.K July '... 107.8 07.0 August 100.4 07 V. September 100.1 08 o October 108.0 97.2 November 110.2 04 4 December 105.7 93*3