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To: Les H who wrote (101957)	5/14/2001 11:06:20 AM
From: Les H	Respond to of 436258

COMMODITY TALK: The Journal of Commerce index, a key gauge of industrial materials prices and economic activity generally, rose to a 3-month high on Friday, suggesting that optimism on the economy is still growing. On Friday, it jumped to 85.17 from 84.58 the previous day and is now well above the 22-month low of 81.62 set on April 2nd. But it remains well below its 2000 peak of 92.1 set on September 20th. Continued increases in both industrial materials prices and the price of gold would reinforce the notion of a rebound in the manufacturing sector. The recent reported rise in March industrial production supports this notion. The JOC includes 18 different commodities including benzene, copper, nickel, cotton, burlap, rubber, and plywood, among others.