Word: downwards
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...increased by his wise announcement that the late President Harding's policies and Cabinet would not be changed. The only uneasiness which the painful event created in business circles was in connection with the Republican nomination in 1924. Little important change in the wholesale markets occurred, although the downward price movement continued to some extent in cotton and sugar. Merchants and manufacturers continue more optimistic as a class regarding the business prospects of next Fall and Winter than do bankers and security buyers. This, however, is a per- fectly normal condition for the opening of a period of relative...
Possibly the most encouraging recent development in business has been the progress made by the construction industry in continuing its building program with stabilized wages and a downward tendency in material prices. After the general abandonment of new building this spring (TIME, May 28), when construction costs were rapidly mounting, the labor situation became easier. Now, instead of attempting to overdo production, the industry is apparently entering a period of steadier and less expensive even if slower construction. An analysis of the country's building requirements shows that the present demand for buildings-a survival of the long...
...death rate is slightly higher than that for 1921 (11.6 per thousand), which was the lowest rate on record, but it does not seriously interrupt the steady downward trend of the deathrate. If as many persons had died in 1922 as would have under the conditions of 1880, there would have been 800,000 more deaths last year than there actually were...
Despite such public outbreaks against rising prices as has occurred in the case of sugar, the general movement of wholesale prices on May 1 was still downward. Broadstreet's price index number for wholesale commodities dropped sharply to 148.1 on that date from 151.1 on April 1, which in turn represented a drop from the figure of 151.2 for March. Previous to the latter date, the index of wholesale prices had advanced almost uninterruptedly from the low figure of June...
...pronounced downward movement on the Stock Exchange has given rise to conjectures by the business world as to whether the peak in business activity has not already been reached. The well known ability of the stock market to " discount" future conditions has led some business leaders to anticipate the Autumn situation this year with less complacency. Industrial news, containing as it did reports of price cuts in oil and weakness in cotton and sugar, tended in general to confirm such less optimistic opinion, although April pig production set another high record. The strong banking position, however, indicates that should present...