Industrial societies need factories, offices, apartment buildings, power plants, machines, transportation, energy. These things cannot be built without steel, aluminum, copper, concrete and other materials.

[Chart on page 18]

WHOLESALE PRICE INCREASES WITHIN THE UNITED STATES IN JUST ONE YEAR

COMMODITY MID-1973 MID-1974 INCREASE

Newsprint, ton $169.00 $205.00 21 percent

Steel scrap, ton 53.00 145.00 174 percent