appendix to 'the behavior of prices
TRANSCRIPT
This PDF is a selection from an out-of-print volume from the NationalBureau of Economic Research
Volume Title: The Behavior of Prices
Volume Author/Editor: Frederick C. Mills
Volume Publisher: NBER
Volume ISBN: 0-87014-010-8
Volume URL: http://www.nber.org/books/mill27-1
Publication Date: 1927
Chapter Title: Appendix to "The Behavior of Prices"
Chapter Author: Frederick C. Mills
Chapter URL: http://www.nber.org/chapters/c5338
Chapter pages in book: (p. 441 - 586)
APPENDIX TABLES
TA
BL
E I
DE
SCR
IPT
IoN
S o,
PRIC
EQ
UO
TA
TIO
NS
.1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Weights
used
inth
e co
nstr
uctio
nof
inde
x nu
m-
bers
and
oth
erR
ef.
No.
Com
mod
ityD
escr
iptio
nSo
urce
of
pric
equ
otat
ion
.
Mar
ket
Der
ivat
ion
of p
ublis
hed
figu
re3
Nat
ure
of p
rice
(or
mea
sure
sty
pe o
f tr
ansa
ctio
n)18
90—
1913
or
1913
—1902—
1926
1 3 4 5
"By
Sam
ple"
mal
t-
Cas
h, c
ontr
act
grad
esC
ash,
No.
3, m
ixed
Cas
h, N
o.2,
whi
te
No.
2 c
ash
Dai
ly T
rade
Bul
le-
tin (
Com
mer
cial
)T
uesd
ay E
ditio
ndo do do do
Chi
cago
Chi
cago
do do do
MW
MW
MW
MW
MW
z k
Ran
ge o
f ca
sh s
ales
on T
uesd
ay, C
hica
goB
oard
of
Tra
de.
do doR
ange
of
cash
sal
eson
Tue
sday
, Chi
cago
Boa
rd o
f T
rade
(Il
l.Pr
opor
tiona
l Bill
ing)
Ran
ge o
f ca
sh s
ales
on T
uesd
ay, C
hica
goB
oard
of
Tra
de.
20
100
50 30
20
40 60 50
30
1 T
hIs
tabl
e w
as p
repa
red
at th
e re
ques
t of
the
Nat
iona
l Bur
eau
of E
cono
mic
Res
earc
h by
Mr.
Cha
rles
A. B
ell,
chie
f of
the
divi
sion
of
pric
es o
fth
e U
nite
dSt
ates
Bur
eau
of L
abor
Sta
tistic
s.Pe
rmis
sion
to p
ublis
h th
e ta
ble
has
been
cou
rteo
usly
ext
ende
d by
Dr.
Eth
elbe
rt S
tew
art,
Com
mis
sion
er o
f L
abor
Sta
tistic
s.T
he e
ntri
es in
the
vari
ous
colu
mns
rel
ate
to th
e 19
26 p
rice
quo
tatio
ns.
The
se d
escr
iptio
ns a
pply
to p
rice
s fo
r ea
rlie
r ye
ars
exce
pt w
here
gra
de, m
arke
t or
type
of
quot
atio
n ha
s be
en c
hang
ed.
Maj
or c
hang
es in
thes
e re
spec
ts a
re in
dica
ted
in th
e w
hole
sale
pri
ce b
ulle
tins
of th
e B
urea
u of
Lab
or S
tatis
tics.
IT
hega
ps in
the
orde
r of
thes
e re
fere
nce
num
bers
rep
rese
nt c
omm
oditi
es e
xclu
ded
from
the
pres
ent s
tudy
bec
ause
the
data
rel
atin
g to
them
did
not
cov
erlo
ng p
erio
ds o
f tim
e.T
he s
ymbo
ls in
col
umn
(6),
sho
win
g th
e de
riva
tion
of th
e pu
blis
hed
figu
res,
hav
e th
e fo
llow
ing
mea
ning
s:M
D: m
onth
ly a
vera
ge o
f da
ily Q
uota
tions
.M
W: m
onth
ly a
vera
ge o
f w
eekl
y qu
otat
ions
.FM
: fir
st o
f m
onth
quo
tatio
ns.
4W
eIgh
tsre
latin
g to
the
peri
od 1
902-
1913
onl
y ar
e m
arke
d by
ast
eris
ks; a
ll ot
her
wei
ghts
rel
ate
to b
oth
peri
ods
(189
0-19
02, 1
902-
1913
).
TA
BL
E I
DE
SCR
IPT
ION
S O
F W
HO
LE
SAL
E P
RIC
E Q
UO
TA
TIO
NS.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Weights
used
inth
e co
nstr
uctio
nof
inde
x nu
m-
Ref
.be
rs a
nd o
ther
No.
Com
mod
ityD
escr
iptio
nSo
urce
of
pric
equ
otat
ion
Mar
ket
Der
ivat
ion
of p
ublis
hed
figu
re
Nat
ure
of p
rice
(or
mea
sure
sty
pe o
f tr
ansa
ctio
n)18
90—
1913
or
1913
—19
02—
1926
1913
6 7 8 9
Whe
at
Whe
at
Whe
at
Whe
at
No.
1, n
orth
ern
spri
ng, c
ash
No.
2, r
ed w
inte
rca
shN
o.2,
ord
inar
y ha
rdw
inte
r ca
shN
o. 1
, nor
ther
nsp
ring
cas
h
No.
1, h
ard
whi
te,
cash
Stee
rs, c
hoic
e to
prim
e, h
eavy
bee
ves,
corn
fed
Stee
rs,
good
toch
oice
, cor
n fe
dHeavy,
rang
e of
fai
rto
choi
ce, h
eavy
butc
hers
Lig
ht, r
ange
off
airto
choi
ce,li
ghtb
utch
ers
10 W
heat
L3
Cat
tle
14 C
attle
15Hogs
16 Hogs
do doKansas
City
Sta
rW
edne
sday
Edi
tion
Dai
ly M
arke
tR
ecor
d.T
uesd
ay E
ditio
n.R
epor
ted
by f
orm
erFe
dera
l Gra
in S
uper
-vi
sor.
Chi
cago
Dai
ly D
ro-
vers
' Jou
rnal
.M
onda
y E
ditio
n.
do do do
do doKansas
City
Min
neap
olis
Port
land
, Ore
.
do do do
do
MW
MWMW
MW
MW
MW
MW
MW
MW
do
do
Range
of c
ash
sale
son
Tue
sday
.R
ange
of"o
ffic
ial
clos
ing"
cas
h pr
ices
.
Ave
rage
pri
ce o
nT
uesd
ay.
Pric
e pa
id b
y sl
augh
-te
rer
to c
omm
issi
onm
an a
ctin
g fo
r pr
o-du
cer.
do do do
300
150
250
100
200
40 100
100
40 20
150
250
100
200
17 S
heep
Ew
es, n
ativ
e,al
lgr
ades
, fai
r to
bes
t,ra
nge
dodo
M W
do10
518
She
epL
ambs
wes
tern
rang
e la
mbs
, med
ium
to g
ood,
ran
gedo
doM
Wdo
3019
She
epW
ethe
rs, f
edW
ethe
rs,
poor
tobe
st, r
ange
dodo
M W
do30
520
Pou
ltry
Liv
efo
wls
,sm
all D
aily
Tra
de B
ulle
tinC
hica
goM
WR
ange
of
pric
es p
aid
hens
to h
eavy
fat
as-
(Pr
oduc
e se
ctio
n)by
who
lesa
le d
eale
rso
rted
(ge
nera
l run
) T
uesd
ay E
ditio
non
Tue
sday
.20
21 P
oultr
yL
ive
fow
ls, m
ediu
m N
. Y. J
ourn
alof
New
Yor
kM
WR
ange
of
pric
es p
aid
(fre
ight
or
expr
ess)
Com
mer
ce a
nd C
orn-
by w
hole
sale
dea
ler
mer
cial
Bul
letin
.on
Tue
sday
.20
(Wed
nesd
ayE
ditio
n)22
Bea
nsM
ediu
m, c
hoic
e, P
eado
doM
WR
ange
of
pnce
s pa
idB
ean
by jo
bber
on
Tue
s-da
y20
20
23
Clo
ver
seed
Con
trac
t gra
des,
red
See
d W
orld
Chi
cago
M D
Dai
ly q
uota
tions
on
clov
er,
good
,sp
otw
hole
sale
mar
ket.
324
Cot
ton
Mid
dlin
g,T
imes
Pic
ayun
eN
ew O
rlea
nsM
WC
losi
ng q
uota
tion
onk
spot
pric
e(W
edne
sday
New
Orl
eans
Cot
ton
Edi
tion)
exch
ange
(T
uesd
ay)
250
25 C
otto
nM
iddl
ing,
upl
and,
N. Y
. Jou
rnal
ofN
ew Y
ork
M W
Clo
sing
quo
tatio
n on
spot
pri
ceC
omm
erce
and
Cor
n-N
. Y. C
otto
n E
x-m
erci
al B
ulle
tinch
ange
(T
uesd
ay).
400
150
(Wed
nesd
ayE
ditio
n)26
Cot
tons
eed
Bas
ic p
rim
eU
. S. D
ept.
of A
gri-
Ave
rage
pri
ce a
t15
th. o
fPr
ice
paid
to p
ro-
cultu
regi
n in
pro
duci
ngm
onth
.du
cer
at g
in.
50ar
ea27
Egg
sFi
rsts
, wes
tern
Wee
kly
Mar
ket R
e-B
osto
nM
WPr
ice
paid
by
who
le-
port
of
the
Bos
ton
sale
dea
ler.
10C
ham
ber
of C
om-
mer
ce
TA
BL
E I
(Con
tinue
d)
DE
SCR
IPT
ION
S O
F W
HO
LE
SAL
E P
RIC
E Q
UO
TA
TIO
NS.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(18)
(9)
Weg
hts
used
inth
e co
nstr
uctio
nof
inde
x nu
rn-
ben
and
othe
rR
ef.
Com
mod
ityD
escr
iptio
nSo
urce
of
pric
eM
arke
tD
eriv
atio
n N
atur
e of
pri
ce (
or m
easu
res
No.
quot
atio
n.
ofpu
blis
hed
type
of
tran
sact
ion)
figu
re18
90—
1913
or 1
913—
1902
—19
2619
13
28 E
ggs
Firs
ts, f
resh
,—
Chi
cago
Dai
ry P
ro-
Chi
cago
—M
WR
ange
of
pric
e pa
idsp
ot m
arke
tdu
ceby
who
lesa
ler
on'"
0(M
onda
yqu
ota-
Chi
cago
Mer
cant
iletio
n)E
xcha
nge.
304
29E
ggs
Ext
rafi
rsts
,fr
esh
Cin
cinn
ati C
ham
ber
Cin
cinn
ati
M W
Ran
ge o
f pr
ices
pai
dga
ther
ed, l
oss
off
of C
omm
erce
by w
hole
sale
dea
ler
—on
Tue
sday
.k
30E
ggs
Can
dled
, Lou
isia
na, T
imes
Pic
ayun
e.N
ew O
rlea
nsM
WR
ange
ofjo
bber
s'at
the
mar
k(W
edne
sday
pric
es to
ret
aile
rs o
nE
ditio
n)T
uesd
ay.
231
Egg
sFi
rsts
,fre
sh g
athe
red
N. Y
.Jo
urna
lof
New
Yor
kM
WR
ange
of
pric
es p
aid
Com
mer
ce a
nd C
orn-
by w
hole
saie
dea
ler
mer
cial
Bul
letin
on T
uesd
ay.
100
40(W
edne
sday
Edi
tion)
32 E
ggs
Ext
ra f
irst
s, w
este
rn C
omm
erci
al L
ist a
ndPh
ilade
lphi
aM
WR
ange
of
pric
es p
aid
Mar
itim
e R
egis
ter
byw
hole
sale
ron
Prod
uce
Exc
hang
eon
Fri
day.
1033
Egg
sFr
esh,
sel
ecte
d pu
l- P
acif
icD
airy
Re-
San
Fran
cisc
oM
WC
losi
ngpr
ice
onle
tsvi
ewW
hole
sale
Dai
ry P
ro-
duce
Exc
hang
e on
pT
hurs
day.
S
34 F
laxs
eed
No.
1D
aily
Mar
ket R
e-M
inne
apol
isM
WR
ange
of
cord
clos
ing"
cas
h pr
ice.
2020
(Tue
sday
Edi
tion)
35 H
ayA
lfal
fa, N
o. 1
Pric
e C
urre
nt-G
rain
Kan
sas
City
M W
Ran
ge o
f pr
ices
inR
epor
ter
who
lesa
le m
arke
t on
Satu
rday
.50
36 H
ayC
love
r m
ixed
, No.
Ido
Cin
cinn
ati
M W
Ran
ge o
f pr
ices
inw
hole
sale
mar
ket o
nT
uesd
ay.
2037
Hay
Tim
othy
, No.
1do
Chi
cago
M W
Ran
ge o
f pr
ices
inw
hole
sale
mar
ket o
nM
onda
y.10
030
38 H
ides
Cou
ntry
,ca
lfsk
ins,
Sho
e an
d L
eath
erdo
M W
Ran
ge o
f pr
ices
toN
o. 1
,8 to
15
poun
ds R
epor
ter
tann
ers
in c
ar lo
ts o
nW
edne
sday
.10
40 H
ides
Goa
tski
ns, B
razi
lian,
Ran
ge o
f im
port
ers
dry
wei
ght,
firs
t Se-
doN
ew Y
ork
M W
pric
es a
t New
Yor
kle
ctio
non
Wed
nesd
ay40
41 H
ides
Gre
en, s
alte
d, h
eavy
;do
Chi
cago
M W
Ran
ge o
f pr
ice
toco
untr
y co
ws,
No.
1,
tann
ers
in c
ar lo
ts o
n60
pou
nds
and
upW
edne
sday
1042
Hid
esG
reen
, sal
ted,
pac
k-er
a';
heav
y na
tive
stee
rs.
dodo
M W
do10
020
43 H
ides
Gre
en, s
alte
d,pa
ck-
era'
;he
avy
Tex
asst
eers
dodo
MW
do20
44 H
ops
Prim
e to
cho
ice,
N.
Y.
Jour
nal,
ofN
ew Y
ork
M W
Ran
ge o
f pr
ices
pai
dN
ew Y
ork
Stat
eC
omm
erce
and
Cor
n-by
bre
wer
s on
Tue
s-m
erci
al B
ulle
tinda
y5
1
(Wed
nesd
ayE
ditio
n)45
Hop
sPr
ime
to c
hoic
e,M
orni
ng O
rego
nian
Port
land
, Ore
.M
WR
ange
of
pric
es p
aid
Paci
fic
Coa
st(W
edne
sday
Edi
tion)
by b
rew
ers
on T
ues-
day
1
46 M
ilkFr
esh,
3.5
per
cen
t Milk
New
sC
hica
goM
DPr
ice
per
quar
tm
ilk(c
ompu
ted
from
8-
gallo
n ca
n) d
eliv
er-
ed o
n C
hica
go p
lat-
form
60
-4
TA
BL
E I
(Con
tinue
d)
DE
SCR
IPT
ION
S O
F W
HO
LE
SAL
E P
RIC
EQ
UO
TA
TIO
NS
.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Weights
used
inth
e co
nstr
uctio
nof
inde
x nu
m-
Ref
.be
rs a
nd o
ther
No.
Com
mod
ityD
escr
iptio
nSo
urce
of
pric
equ
otat
ion
Mar
ket
Der
ivat
ion
of p
ublis
hed
figu
re
Nat
ure
of p
rice
(or
type
of
tran
sact
ion)
mea
sure
s
1890
—19
13or
1913
—19
02—
1926
1913
47 M
ilk
48 M
ilk
49 O
nion
s
50 P
eanu
ts
51 P
otat
oes
52 P
otat
oes
Fres
h, 3
. 7 p
er c
ent
milk
Fres
h, 3
.6 p
er c
ent
milk
Fres
h, y
ello
w v
arie
-tie
s (o
r ye
llow
and
red)
No.
1 g
rade
Whi
te, g
ood
toch
oice
, bul
k
Swee
t, Je
rsey
No.
1,pe
r 5/
8i.T
,ush
elba
sket
Dai
rym
en's
Lea
gue
Coo
pera
tive
Ass
o.
Stat
e D
airy
Sup
er-
viso
r
Dai
ly T
rade
Bul
letin
(Pro
duce
sec
tion)
Tue
sday
Edi
tion
Vir
gini
an P
ilot
(Wed
nesd
ayE
ditio
n)D
aily
Tra
de B
ulle
tin(P
rodu
ce s
ectio
n)T
uesd
ay E
ditio
nC
omm
erci
al L
ist &
Mar
itim
e R
egis
ter
New
Yor
k
San
Fran
cisc
o
Chi
cago
Nor
folk
, Va.
Chi
cago
Phila
delp
hia
MD
MD
MW
MW
MW
MW
Pric
epe
rqu
art
(com
pute
d fr
om 4
0-qu
art c
an)
deliv
ered
in N
. Y. f
rom
150
-16
0 m
ile z
one
Pric
epe
rqu
art
(com
pute
d fr
om g
al-
ion
pric
e) d
eliv
ered
in S
an F
ranc
isco
Ran
ge o
f pr
ices
pai
dby
who
lesa
le d
eale
ron
Tue
sday
Ran
ge o
f w
hole
sale
pric
es o
n T
uesd
ay
Ran
ge o
f pr
ices
pai
dby
who
lesa
ler
onT
uesd
ayR
ange
of
pric
es p
aid
byw
hole
sale
ron
Prod
uce
Exc
hang
eon
Fri
day
180 5 50
100
Z
20k
5 10 50 S
—no
naur
as,
he
ad,
Pica
yune
New
Orl
eans
M W
Ran
ge o
f pr
ices
fro
mcl
ean,
med
ium
to(W
edne
sday
mill
s to
jobb
ers
onch
oice
Edi
tion)
Tue
sday
2020
54 T
obac
coL
eaf,
ave
rage
war
e- S
tate
Com
mis
sion
erK
entu
cky
M D
&ve
rage
war
ehou
seho
use
sale
sof
Agr
icul
ture
pric
ein
Stat
eof
Ken
tuck
y13
055
Tob
acco
Bur
ley,
dark
red,
Wes
tern
Tob
acco
Lou
isvi
lleM
WR
ange
of
Off
icia
lgo
od le
afJo
urna
lqu
otat
ions
on
Lou
is-
ville
Tob
acco
Ex-
chan
ge o
n Sa
turd
ay56
Woo
lD
omes
tic, O
hio,
"Job
ber"
Bos
ton
M D
Ave
rage
jobb
er's
grea
seba
sis,
fine
pric
e to
man
ufac
tur-
8060
clot
hing
er(f
orm
erly
red
uced
tosc
oure
d ba
sis.
)57
Woo
lD
omes
tic, O
hio,
dodo
M D
do20
grea
se, b
asis
, fin
e de
-la
me
(For
mer
ly r
educ
ed to
scou
red
basi
s)58
Woo
lD
omes
tic, O
hio,
dodo
M D
do20
grea
seba
sis,
half
-bl
ood
'—4
(For
mer
lyre
duce
d,to
sco
ured
bas
is)
59 W
ool
Dom
estic
Ohi
o, m
e-di
uman
dgr
ades
)do
doM
Ddo
4020
grea
se b
asis
(fo
rmer
-ly
red
uced
to s
cour
-ed
bas
is)
60 B
eef
Fres
h, c
arca
ss, g
ood
Nat
iona
l Pro
visi
oner
Chi
cago
M W
Ran
ge o
f pr
ices
pai
dna
tive
stee
rsby
jobb
er to
sla
ugh-
tere
r on
Fri
day
130
61 B
eef
Fres
h,st
eer,
loin
s,do
doM
WR
ange
of
who
lesa
leen
ds, h
ips
pric
e on
Fri
day
62 B
eef
Fres
h,st
eer,
ribs
,do
doM
Wdo
No.
263
Bee
fFr
esh,
ste
er, r
ound
s,do
doM
Wdo
No.
2
TA
BL
E I
CD
ESC
RIP
TIO
NS
WH
OL
ESA
LE
PJU
CE
QU
OT
An0
NS.
(1)
(2)
(3)
I
(4)
(5)
(6j
(7)
(8)
(9)
Wei
ghts
use
d in
the
cons
truc
tion
ofin
dex
num
-be
rs a
nd o
ther
Ref
.C
omm
odity
Des
crip
tion
Sour
ce o
f pr
ice
Mar
ket
Der
ivat
ion
iNat
ure
of p
rice
(or
mea
sure
sN
o.qu
otat
ion
of p
ub!i
shed
f ty
pe o
f tr
ansa
ctio
n)fi
gure
1890
—19
13 o
r 19
13—
1902
—19
2619
13
64 B
eef
Fres
h, n
ativ
e si
des
N.
Y.
Jour
nal
ofN
ew Y
ork
M W
—R
ange
of p
rice
pai
dC
omm
erce
and
Cor
n-by
jobb
er to
sla
ugh-
mer
ciat
Bul
letin
Ler
eron
Tue
sday
25C
120
(Wed
nesd
ayE
ditio
n)65
Bee
fFr
esh,
loin
s, N
o. 2
, Nat
iona
l Pro
visi
oner
doM
WR
ange
of
who
lesa
leci
typr
ice
on F
rida
y66
Bee
fFr
esh,
rib
s, N
o. 2
,do
doM
Wdo
city
67 B
eef
Fres
h, r
ound
s, N
o. 2
,do
doM
Wdo
city
68 B
eef
Salt,
ext
ra m
ess
New
Yor
k Pr
oduc
edo
M W
Ran
ge o
f pr
ice
paid
Exc
hang
eto
pac
ker
by e
xpor
-5
5te
ron
Tue
sday
69 H
ams
Smok
ed, l
oose
Dai
ly T
rade
Bul
letin
Chi
cago
M W
Ran
ge o
fpa
cker
s'(C
omm
erci
al s
ectio
n)pr
ice
on T
uesd
ay10
010
0T
uesd
ay E
ditio
n.70
Lam
bD
ress
ed, m
ediu
mN
atio
nal P
rovi
sion
erdo
M W
Ran
ge o
f pr
ice
paid
by jo
bber
to s
laug
h-25
tere
r on
Fri
day
71 M
utto
nD
ress
edN
.Y
. Jou
rnal
ofN
ew Y
ork
M W
Ran
ge o
f pr
ice
paid
1010
Com
mer
cean
d C
orn-
by jo
bber
to s
laug
h-I
iner
cial
Bul
letin
tere
r on
Tue
sday
73 P
ork
74
Pork
77 P
oultr
y
78 P
oultr
y
79 Y
ea!
80 B
utte
r
81 B
utte
r82
But
ter
83 I
But
ter
IFre
sL, l
oins
, S to
10
poun
ds a
vera
geFr
esh,
loin
s, w
este
rn,
to 1
2 po
unds
ave
r-ag
eC
ured
, sal
t, m
ess
Cur
ed, r
ough
sid
es
Cur
ed,
shor
tcl
ear
side
sD
ress
ed f
owls
, ice
d,sc
alde
d fo
wls
, hea
vyhe
nsD
ress
ed f
owls
, wes
t-er
n dr
y pa
cked
12
to b
ox, 4
8-54
pou
nds
to d
oz.,
corn
fed
Fres
h, g
ood,
hid
e on
Cre
amer
y, e
xtra
Cre
amer
y,se
cond
s
Cre
amer
y, e
xtra
,sp
ot m
arke
t
do
New
Yor
k Pr
oduc
eE
xcha
nge
Dai
ly T
rade
Bul
letin
(Com
mer
cial
sec
-tio
n)T
uesd
ay E
ditio
n.
doD
aily
Tra
de B
ulle
tin(P
rodu
ce s
ectio
n)T
uesd
ay E
ditio
nN
.Y
.Jo
urna
lof
Com
mer
ce a
nd C
om-
mer
cial
Bul
letin
(Wed
nesd
ayE
ditio
n)N
atio
nal P
rovi
sion
er
Wee
kly
Mar
ket R
e-po
rt o
f B
osto
nC
ham
ber
of C
om-
mer
cedo
Wee
kly
Mar
ket R
e-po
rt o
f B
osto
nCha
m-
ber
of C
omm
erce
Chi
cago
Dai
ry P
rod-
uce
60 30 30
New
Yor
k
do
Chi
cago
do do
New
Yor
k
Chi
cago
Bos
ton
doB
osto
n
Chi
cago
MW
MW
MW
MW
MW
MW
MW
MW
MW
MW
MW
MW
Ran
ge o
f w
hole
sale
lpr
ice
on F
rida
ydo
Ran
ge o
f pr
ice
paid
to p
acke
r by
exp
or-
ter
on T
uesd
ayR
ange
of
pack
ers'
pric
e on
Tue
sday
doR
ange
of
who
lesa
l-er
s' p
rice
on
Tue
s-da
ydo
Ran
ge o
f w
hole
sale
pric
e on
Thu
rsda
yR
ange
of
pric
es p
aid
by w
hole
sale
dea
lers
on W
edne
sday
doR
ange
of
pric
es p
aid
by w
hole
sale
dea
lers
on W
edne
sday
Ran
ge o
f pr
ices
pai
dby
who
lesa
ler
onC
hica
go M
erca
ntile
Exc
hang
e on
Mon
.da
y
30 30 60 30 30 20 25 40
5 15 2 10
ii
TA
BL
E I
(Con
tinue
d)
DE
SCR
IPT
ION
S O
FP
wcz
Quo
'rn'Io
Ns.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Weights
used
inth
econstruction
ofindex
num
-be
rs a
nd o
ther
Ref
.C
omm
odity
Des
crip
tion
Sour
ce o
f pr
ice
Mar
ket
Der
ivat
ion
Nat
ure
of p
rice
(or
mea
sure
sN
o.qu
otat
ion
of p
ublis
hed
type
of
tran
sact
ion)
figu
re18
90—
1913
or
1913
—19
02—
.19
2619
13
84 B
utte
rC
ream
ery,
extr
a fi
rsts
dodo
M W
—R
ange
of p
rice
s pa
idsp
ot m
arke
t,-w
hole
sale
ron
4091
sco
resV
.s.e
Lca
uuue
Exc
hang
e on
Sat
ur-
day
85 B
utte
rC
ream
ery
firs
tsdo
doM
Wdo
5sp
ot m
arke
tk
86B
utte
rC
ream
ery
Cin
cinn
ati C
ham
ber
Cin
cinn
ati
M W
Ran
ge o
f pr
ices
pai
das
to s
core
of C
omm
erce
by w
hole
sale
dea
ler
3on
Tue
sday
87 B
utte
rC
ream
ery,
fan
cyT
imes
Pic
ayun
eN
ew O
rlea
nsM
WR
ange
of
pric
es p
aid
(Wed
nesd
ayto
jobb
ers
by r
etai
l-2
Edition)
ers
on T
uesd
ay88
But
ter
Cre
amer
y, c
hoic
edo
doM
Wdo
S89
But
ter
Cre
amer
y, e
xtra
,N
.Y
.Jo
urna
lof
New
Yor
kM
WR
ange
of
pric
es p
aid
6010
92 s
core
Com
mer
ce a
nd C
orn-
by w
hole
sale
dea
ler
mer
cial
Bul
letin
on T
uesd
ay(W
edne
sday
editi
on)
90 B
utte
rC
ream
ery,
fir
sts,
S8to
9lsc
ore
dodo
MW
do40
3091
But
ter
Cre
amer
y, s
econ
ds,
84to
8lsc
ore
dodo
MW
doS
92 B
utte
rC
ream
ery,
ext
ra,
Com
mer
cial
Lis
t and
Phila
delp
hia
M W
Ran
ge o
f pr
ices
pai
d92
sco
reM
ariti
me
Reg
iste
rby
who
lesa
ler
on4
Prod
uce
Exc
hang
eon
Fri
day
93 B
utte
rC
ream
ery,
ext
rado
doM
Wdo
10fi
rsts
, 91
scor
e94
But
ter
Cre
amer
y, f
irst
s,do
doM
Wdo
1
88 to
90
scor
e95
But
ter
Cre
amer
y, e
xtra
St. L
ouis
Glo
beSt
. Lou
isM
WR
ange
of
pric
es p
aid
Dem
ocra
tby
who
lesa
le d
eale
r60
5
Satu
rday
Edi
tion
on F
rida
y96
But
ter
Cre
amer
y, e
xtra
Paci
fic
Dai
ryR
e-Sa
n Fr
anci
sco
M W
Clo
sing
pric
eon
view
who
lesa
leD
airy
Prod
uce
Exc
hang
e3
on T
hurs
day
97 B
utte
rC
ream
ery,
fir
sts
dodo
M W
do5
98 C
hees
eW
hole
milk
, Am
en-
Dai
ly T
rade
Bul
letin
Chi
cago
M W
Ran
ge o
f pr
ices
pai
dca
n tw
ins
(Pro
duce
sec
tion)
by w
hole
sale
dea
ler
20T
uesd
ay E
ditio
n,on
Tue
sday
99 C
hees
eW
hole
milk
,fl
ats
N. Y
.Jo
urna
lof
New
Yor
kM
WR
ange
of
pric
es p
aid
colo
red,
ave
rage
Com
mer
ce a
nd C
orn-
by w
hole
sale
dea
ler
30m
erci
a[ B
ulle
tinon
Tue
sday
(Wed
nesd
ayE
ditio
n)10
0 C
hees
eC
alif
orni
a fl
ats,
Paci
fic
Dai
ryR
e-Sa
n Fr
anci
sco
M W
Clo
sing
pric
eon
fanc
yvi
eww
hole
sale
Dai
ry P
ro-
4du
ce E
xcha
nge
onT
hurs
day
101
Milk
Con
dens
ed,
swee
t- N
.Y
.Jo
urna
lof
New
Yor
kM
WR
ange
of
who
lesa
leen
ed in
cas
e of
48
Com
mer
ce a
nd C
orn-
pric
e to
jobb
ers
on30
14-O
z tin
sm
erci
al B
ulle
tinT
uesd
ay(W
edne
sday
Edi
tion)
102
Milk
Eva
pora
ted,
in c
ase
of 4
8 16
-os
tins
dodo
M W
do40
103
Bre
adL
oaf,
pou
nd, b
efor
eB
aker
Chi
cago
15th
. of
Bak
ers'
pri
ce to
re-
baki
ngm
onth
taile
r60
104
Bre
adL
oaf,
pou
nd, b
efor
edo
Cin
cinn
ati
dodo
8010
baki
ng
TA
BLE
I(C
ontin
ued)
DE
SCR
IPT
ION
S or
WH
OL
ESA
LE
PR
ICE
QU
OT
AT
ION
S.
(1)
(2)
(3)
(4)
.
(5)
(6)
(7)
(8)
(9)
Wei
ghts
use
d in
the
cons
truc
tion
ofin
dex
num
-be
rs a
nd o
ther
Ref
.N
o.C
omm
odity
Des
crip
tion
Sour
ce o
f pr
ice
quot
atio
nM
arke
tD
eriv
atio
nof
pub
lishe
dfi
gure
Nat
ure
of p
rice
(or
type
of
tran
sact
ion)
mea
sure
s —18
90—
1913
or
1913
—19
02—
1926
1913
105
107
108
Bre
ad
flr,
,Rd
Bre
ad
Coc
oa b
eans
Loa
f, p
ound
, bef
ore
baki
ngnn
imd.
befo
reba
king
Loaf
,po
und,
bef
ore
baki
ngA
rrib
a,R
ange
ofSe
ason
san
dR
edSu
nim
er
Rio
, No.
7, i
nvoi
celo
ts, B
razi
l gra
des
In b
ags,
Sou
th S
ea,
sun
drie
dO
yste
r, d
otSo
da, p
lain
Lar
ge s
hore
(pi
ckle
d,cu
red)
New
foun
dlan
d,sp
lit,
larg
e, N
o. I
doR
aker
do
N. Y
.Jo
urna
lof
Com
mer
ce a
nd C
om-
mer
cial
Bul
letin
(Wed
nesd
ayE
ditio
n) do
Oil,
Pai
nt a
nd D
rug
Rep
orte
r.Jo
bber
doFi
sher
y C
ompa
ny
109
Cof
fee
110
Cop
ra
111
Cra
cker
s11
2 C
rack
ers
113
Cod
Ille
rrin
g
New
Orl
eans
New
Yor
k
San
Fran
cisc
o
New
Yor
k
do do do doG
louc
este
r
New
Yor
k
do 15th
. of
mon
th.
15th
. of
mon
th.
MW
MW
MW
FM FM FM
doB
aker
s' D
rce
to r
e-ta
iler
do
Ran
ge o
f pr
ices
pai
dto
impo
rter
s by
man
ufac
ture
rson
Tue
sday
Ran
ge o
f pr
ices
pai
dto
impo
rter
s by
job-
bers
and
roa
ster
s on
Tue
sday
Impo
rter
s' p
rice
on
Satu
rday
Jobb
ers'
pri
cedo
Pric
e to
who
lesa
ler
or jo
bber
Dro
pped
fro
m c
om-
pila
tion
sinc
e 19
24
.5 110
Z10 10 40 3 3
120 40 3 1
115
Mac
kere
l11
6 Sa
lmon
117
Flou
r
118
119
Flou
r
120
Flou
r
121
Flou
r
122
Flou
r
123
Flou
r
20
5
100
200
Salt,
larg
e, N
o. is
Can
ned,
Ala
ska,
red
,N
o. I
tails
'Fis
hery
Com
pany
N.
Y.
Jour
nal
of,C
omm
erce
and
Cor
n-1
cia!
Bul
letin
Bos
ton
Can
nery
Rye
, whi
te
(Wed
nesd
ayE
ditio
n)N
orth
wes
tern
Mill
erM
inne
apol
is
Whe
at, w
inte
rdo
Kan
sas
City
pate
nts,
har
d
Whe
at, w
inte
rst
raig
hts,
har
dW
heat
, sta
ndar
ddo
Nor
thw
este
rn M
iller
doM
inne
apol
ispa
tent
s
Whe
at, s
econ
dpa
tent
Whe
at, p
aten
tsdo
Mill
erdo
Port
land
, Ore
.
Whe
at, s
oft p
aten
tsN
orth
wes
tern
Mill
erSt
. Lou
is
Whe
at,
stra
ight
s,fr
om s
oft w
heat
dodo
Whe
at, p
aten
t fro
mso
ft w
inte
r w
heat
doT
oled
oC
anne
d, p
each
es,
stan
dard
, 234
forn
ia
N. Y
. Jou
rnal
of
Cal
i-IC
omm
erce
and
Cor
n-B
ulle
tin(W
edne
sday
Edi
tion)
Can
nery
FM MW
MW
MW
MW
MW
MW
MD
MW
MW
MW
MW
Pric
e to
who
lesa
ler
Ran
ge o
fca
nner
's!p
rice
to jo
bber
on
Tue
sday
Ran
ge o
f m
iller
s' n
etpr
ice
to jo
bber
in c
arlo
ts o
n T
uesd
ayR
ange
of
mill
ers'
net
pric
e to
jobb
er in
car
lots
—co
tton
or ju
teba
gs—
on S
atur
day
FOB
K. C
. doR
ange
of
mill
er's
net
pric
e to
jobb
ers
inca
r lo
ts, 9
8lb.
cot
ton
sack
s, o
n T
uesd
ay.
FOB
Min
n. doM
iller
s' n
et p
rice
toca
rlo
tbu
yers
in98
1b. s
acks
Ran
ge o
f m
iller
s' n
etpr
ice
to jo
bber
in c
arlo
ts—
cotto
n or
jute
bags
—on
Sat
urda
y
do doR
ange
of
cann
ers'
pric
e to
jobb
er o
nT
uesd
ay
124
125
126
Flou
r
Flou
r
Frui
t
20 5 80 20 100 20 10 10 10 =
C,'
TA
BL
E I
(Con
tinue
d)
DE
SCR
IPrI
oNs
PR
IcE
QU
OT
AT
ION
S.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Weights used
inth
e co
nstr
uctio
nof
inde
x nu
m-
-be
rsan
d ot
her
Ref
.C
omm
odity
Des
crip
tion
Sour
ce o
f pr
ice
Mar
ket
Der
ivat
ion
Nat
ure
of p
rice
(or
mea
sure
sN
o.qu
otat
ion
of p
ublis
hed
type
of
tran
sact
ion)
figu
re18
90—
1913
or
1913
—19
02—
1926
1913
127
Frui
tC
anne
d pi
neap
ples
,do
New
Yor
kM
WR
ange
of
who
lesa
lesl
iced
,pr
ice
on T
uesd
ay10
stan
dard
, 254
128
Apples
Evaporated,
choi
ce, N
.Y
.Jo
urna
lof
New York
M W
of price to
dom
estic
dne
d,at
ate,
Com
mer
ce a
nd C
orn-
jobb
ers
on T
uesd
ay2
2in
box
esm
erci
al B
ulle
tin(W
edne
sday
kE
ditio
n)12
9Currants
Cleaned,
Patr
as, 1
0po
und
boxe
sdo
doM
Wdo
11
130
Prun
esC
alif
orni
a in
box
es60
-70s
. in
25 p
ound
dodo
M W
do10
10bo
xes
131
Rai
sins
Cal
ifor
nia,
coa
st,
seed
ed in
bul
k,bo
xes
dodo
M W
do10
1013
2 A
pple
sB
aldw
in, f
resh
Dai
ly T
rade
Bul
letin
Chi
cago
M W
Ran
ge o
f pr
ices
pai
d(P
rodu
cesection)
by w
hole
sale
dealer
50
Tuesday
Edi
tion
on T
uesd
ay13
39s
, ex.
doc
k N
.Y
.Jo
urna
lof
New
Yor
kM
WR
ange
of
pric
eto
Com
mer
ce a
nd C
orn-
jobb
ers
on T
uesd
ay30
mer
cial
Bul
letin
(Wed
nesd
ayE
ditio
n)
Cal
iforn
ia, c
hoic
eor
fanc
y
Cal
iforn
ia,
Nav
els
and
126-
200
coun
t42
deg
ree
mix
ing
Car
load
lots
, del
iv-'
ered
in 9
0sa
cks,
spo
tSt
anda
rd, u
ncol
ored
,'1
-lb
cart
ons
Ext
ra
Dai
ly T
rade
Bul
letin
(Pro
duce
Sec
tion)
Tue
sday
Edi
tion
do
N.
Y. J
ourn
alof
Com
mer
ce a
nd C
orn-
iner
cial
Bul
letin
(Wed
nesd
ayE
ditio
n)M
iller
New
Yor
k Pr
oduc
eE
xcha
nge
Mill
er
Com
mer
cial
Lis
t and
Mar
itim
e R
egis
ter
N.
Y. J
ourn
alof
Con
uner
ce a
nd C
om-
mer
cial
Bul
letin
(Wed
nesd
ayE
ditio
n)•
do
Nat
iona
l Pro
visi
oner
do
Y. J
ourn
alof
Com
mer
ce a
nd C
orn-
mer
cial
Bul
letin
Ran
ge o
f pr
ices
pai
dby
who
lesa
le d
eale
ron
Tue
sday do
Pric
e m
ade
by p
ro-
duce
r to
man
ufac
-tu
rer
on T
uesd
ay
Mill
ers'
pri
ce to
dea
l-er
s on
Tue
sday
Ran
ge o
f pr
ice
onpr
oduc
e ex
chan
ge o
nT
uesd
ayM
iller
s' p
rice
to d
eal-
ers
on T
uesd
ayR
ange
of
pric
e pa
idby
who
lesa
ler
on'P
rodu
ce E
xcha
n g
eon
Fri
day
Pric
e to
man
ufac
tu-
rer
bydi
stri
buto
ran
d ba
ker
on T
ues-
day
Ran
gepr
ice
toT
uesd
ayN
et. w
hole
sale
pnc
ein
Chi
cago
on
Frid
ayPr
oduc
ers
pric
eto
mpn
ufac
ture
r—ra
nge
Impo
rter
s' p
rice
tojo
bber
and
man
ufac
-tu
rer
Ran
geofm
iller
s'jo
bber
on
Lem
ons
Ora
nges
Glu
cose
Hom
iny
grit8
jWbi
te
Prim
eco
ntra
ct
Cor
n, f
ine
whi
te, f
.o.
b. m
illC
orn,
yel
low
tabl
e,gr
anul
ated
, fan
cy
New
Orl
eans
, fan
cy
134
135
136
137
138
139
140
141
142
143
144
14S
Lar
d
Mea
l
Mea
l
Mol
asse
s
Oat
mea
l
Ole
omar
gari
ne
Ole
o oi
l
Pepp
er
Chi
cago
do
New
Yor
k
FOB
Mill
New
Yor
k
FOB
Mill
Phila
delp
hia
New
Yor
k
do
Chi
cago
do
New
Yor
k
MW
MW
MW
MW
,
MW
MW
MW
MW
MW
MW
MW
10 40 10 2
50 10 10Z
10k
10 20
5 1
10*
50 10 10 10
1B
lack
, Lat
npon
g
TA
BL
E I
(Con
tinue
d)
DE
SCR
IPrI
ON
BPRICEQUOTATIONS.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Wei
ghts
use
d in
the
cons
truc
tion
ofin
dex
num
-R
ef.
bers
and
oth
erN
o.C
omm
odity
Des
crip
tion
Sour
ce o
f pr
ice
quot
atio
nM
arke
tD
eriv
atio
nof
pub
lishe
dfi
gure
Nat
ure
of p
rice
(or
mea
sure
sty
pe o
f tr
ansa
ctio
n)18
90—
1913
or
1913
—1902—
1926
1913
Man
ufac
ture
r
Jobb
er
Am
eric
an, 4
med
ium
Cor
n, s
unbe
am, 4
81-
lb p
acka
ges
Raw
, 96
degr
eetr
ifug
alG
ranu
late
d, in
rels
Edi
ble,
und
er 2
per
cent
aci
d, 4
5 tit
reFo
rmos
a,fine
146
148
149
150
151
152
153
154
cen-
Wee
kly
Stat
istic
alSu
gar
Tra
de J
ourn
alba
r-do
Salt
Star
ch
Suga
r
Suga
r
Tal
low
Tea
Cor
n
Peas
Chi
cago
New
Yor
k
do do
Chi
cago
New
Yor
k
Can
nery
FM FM MW
MW
MW
MW
MW
z4n 10
0
150 10
Nat
iona
l Pro
visi
oner
N.
Y.
Jour
nal
ofC
omm
erce
and
Com
-m
erci
al B
ulle
tin(W
edne
sday
Edi
tion)
N.
Y.
Jour
nal
ofC
omm
erce
and
Com
-m
erci
al B
ulle
tin(W
edne
sday
Edi
tion) do
Man
ufac
ture
rs' p
rice
towholesaler
Jobber's price
Importers' price to
refiner
onThursday
Ref
iner
s'pr
ice
tojo
bber
on
Thu
rsda
yPr
oduc
ers'
pri
ce to
jobb
er o
n Fr
iday
Ran
ge o
f im
port
ers'
pric
e to
jobb
eron
Tuesday
Can
ners
'pr
ice
tojo
bber
on
Tue
sday
Can
ned,
No.
2,
Mar
ylan
d st
anda
rd
Can
ned,
Wes
tern
,No.
5,si
eve,
fanc
y,sw
eets
40 100
150 1 10 10
doM
Wdo
10
155
Tom
atoe
s
156
Coc
oanu
t Oil
157
Cor
n O
il
158
Cot
tons
eed
Oil
159
Oliv
e O
il
New
Yor
kN
ew Y
ork
do
New
Yor
k
New
Yor
k
do
New
Yor
k
Fact
ory
(New
Eng
land
)
160
161
162
163
164
Soya
Bea
n O
il
Vin
egar
Boo
ts a
nd s
hoes
Boo
ts a
nd s
hoes
Boo
ts a
nd s
hoes
Can
ned,
sta
ndar
dN
ew J
erse
y N
o. 3
Cru
de, s
pot,
barr
els,
Coc
hin
grad
e
Cru
de; i
n ba
rrel
s
Sum
mer
yel
low
,pr
ime
Edi
ble
in b
arre
ls
Cru
de, i
n ba
rrel
s
Cid
er, d
omes
tic, 4
0gr
ain
Chi
ldre
n's,
gun
met
-al
,po
lish,
high
cut,
with
rub
ber
heel
Litt
lebo
ys,'
Gun
met
al, b
luch
er—
who
le q
uart
er, s
ize
8 to
133
/2M
isse
s,' b
lack
, vic
i,po
lish,
high
-cut
, with
rubb
er h
eel
You
ths'
, gun
met
al,
bluc
her,
sis
es 1
to 2
Men
's,
blac
k,ca
lf,
Goo
dyea
r w
elt,
blu-
cher
,si
ngle
,so
le,
solid
leat
her
Men
's,
blac
k,ca
lf,
Goo
dyea
r w
elt,
bal.
who
le q
uart
erM
en's
, bla
ck, d
ress
,G
oody
ear
wel
t, si
dele
athe
r
Jobb
erO
il, P
aint
and
Dru
gR
epor
ter do
New
Yor
k Pr
oduc
eE
xcha
nge
Dru
g an
d C
hem
ical
Mar
kets
do
Jobb
er
Man
ufac
ture
r
do do do do
F M
pric
eM
WIm
port
ers'
pri
ce to
man
ufac
ture
r on
Satu
rday
M W
Prod
ucer
s' p
rice
tom
anuf
actu
rer
on S
at-
urda
yM
WR
ange
of
pric
e on
N. Y
. Pro
duce
Ex-
chan
ge o
n T
uesd
ayM
WIm
port
ers'
pri
ce to
dist
ribu
tor
on W
ed-
nesd
ayM
WJo
bber
s'pr
ice
onW
edne
sday
F M
Jobb
ers'
pri
ce
M D
Man
ufac
ture
rs' p
rice
to tr
ade
MD
do
MD
do
MD
do
FMdo
Man
ufac
ture
rs' p
rice
M D
to r
etai
ler
MD
do
10 10 3
40
5 3.1
0 10 10 10 10 20 20
165
Boo
ts a
nd s
hoes
166
Boo
ts a
nd s
hoes
167
Boo
ts a
nd s
hoes
168
Boo
ts a
nd s
hoes
40 10 60
do do do doFa
ctor
y(M
iddl
e w
est)
dodo
TA
BL
E I
(Con
tinue
d)D
Esc
iurr
IoN
s O
F W
HO
LE
BA
Ln
PIU
cE Q
uOT
AT
ION
S.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
I(8
)(9
)W
eigh
ts u
sed
inth
e co
nstr
uctio
nof
inde
x nu
m-
bers
and
oth
erR
ef.
No.
Com
mod
ityD
escr
iptio
nSo
urce
of
pric
equ
otat
ion
Mar
ket
Der
ivat
ion
of p
ublis
hed
figu
re
Nat
ure
of p
rice
(or
mea
sure
sty
pe o
f tr
ansa
ctio
n)18
90—
1913
or
1913
—19
02—
1926
1913
169
Boo
ts a
nd s
hoes
170
Boo
ts a
nd s
hoes
171
Boo
ts a
nd s
hoes
172
Boo
ts a
nd s
hoes
173
Boo
ts a
nd s
hoes
174
Boo
ts a
nd s
hoes
173
Boo
ts a
nd s
hoes
Men
's, g
un m
etal
,G
oody
ear
wel
t, bl
u-ch
er, c
ap to
e, s
ingl
eso
le m
at c
alf
top
Men
's,
mah
ogan
y,ch
rom
e, s
ide
Goo
d-ye
ar w
elt,
bat.
sing
leso
le, 1
-in
rubb
er ta
phe
elM
en's
,ta
n,dr
ess,
Goo
dyea
r w
elt,
call
Men
's,
tan,
dres
s,G
oody
ear
wel
t, si
dele
athe
rM
ens,
cho
cola
te e
lk,
bluc
her,
doub
leso
le, s
ole
leat
her
in-
ner
sole
stan
dard
scre
w f
aste
ned
Men
's,
blac
k,vi
ciki
d G
oody
ear
wel
tW
omen
's, b
lack
, kid
Iace
,Goo
dyea
r w
elt,
I
do do doM
anuf
actu
rer
do do do
do do doFa
ctor
y(M
iddl
e W
est)
Fact
ory
(New
Eng
land
)
do
Fact
ory
(Mid
dle
Wes
t)
MD
MD
MD
MD
FM FM MD
do do doM
anuf
actu
rers
' pri
ceto
ret
aile
r
Man
ufac
ture
rs' p
rice
to jo
bber
Man
ufac
ture
rs' p
rice
to tr
ade
Man
ufac
ture
rs' p
rice
to r
etai
ler
20L
TJ z
10 20 10 5 20 30
25 50
176
Boo
ts a
nd s
hoes
Wom
en's
,co
lore
d,ca
lf, G
oody
ear
wel
t,la
ceox
ford
,si
ngle
sole
, lea
ther
hee
ldo
doM
Ddo
3017
7 B
oots
and
sho
esW
omen
's, M
cKay
sew
ed,
kid,
blac
k,la
ceox
ford
sing
leso
le, l
eath
er h
eel
dodo
M D
do10
020
178
Boo
ts a
nd s
hoes
Wom
en's
, pat
ent
leat
her
pum
p, M
c-K
ay s
ewed
sing
leso
le, C
uban
hee
ldo
doM
Ddo
2017
9 C
alic
oA
mer
ican
sta
ndar
ddo
Fact
ory
M D
Man
ufac
ture
r's p
rice
prin
ts, 6
4x60
, 7.8
5to
jobb
eryd
s. to
pou
nd, 2
8-in
.in
the
gray
180
Den
iins
Mas
sach
uset
ts, #
220
dodo
M D
Man
ufac
ture
r's p
rice
28-i
n. 2
.20
yds
toto
clot
hing
man
n-10
10th
e po
und
fact
urer
181
Dri
lling
sB
row
n,Pe
pper
ell,
dodo
M D
Man
ufac
ture
r's p
rice
2.85
yds
to p
ound
,to
jobb
er o
r m
anu-
1010
wid
th 2
9 in
. 72x
48fa
ctur
er18
2 D
rilli
ngs
Bro
wn,
Mas
s.D
sta
n-do
doM
DM
anuf
actu
rer's
pri
ceda
rd 3
0-in
. 2.8
5 yd
sto
jobb
er10
10to
pou
nd 7
0x48
183
Flan
nel
Col
ored
27
in. 4
.20
yd. t
o tu
e po
und
dodo
M D
do10
1018
4 Fl
anne
lU
nble
ache
d, 3
6 in
.3.
2oyd
toth
epou
nddo
doM
Ddo
1010
185
Gin
gham
sA
mos
keag
, 27-
in,
dodo
M D
Man
ufac
ture
r'spr
ice
wid
e, 6
.37
yds
toto
jobb
er o
r m
ann-
1010
to p
ound
fact
urer
186
Gin
gham
sL
anca
ster
, sta
ple
wei
ght 6
.50
ydto
poun
din
. wid
edo
doM
Ddo
1010
187
Hos
iery
Men
's, c
ombe
d ya
rn,
dodo
M D
Man
ufac
ture
r's p
rice
fast
bla
ck, 1
88 n
eed-
to jo
bber
10 (
a)10
dies
, 17
ounc
e
(a)
Wt.
1890
.190
2:20
; 190
2.19
13: 1
0.
TA
BL
E I
(Con
tinue
d)
DE
SCR
IPT
ION
S O
F W
EO
LE
SAL
E P
sucE
QU
OT
AT
ION
S.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Wei
ghts
use
d in
the
cons
truc
tion
ofin
dex
num
-be
rs a
nd o
ther
Ref
.N
o.C
omm
odity
Des
crip
tion
Sour
ce o
f pr
ice
quot
atio
nM
arke
tD
eriv
atio
nof
pub
lishe
dfi
gure
Nat
ure
of p
rice
(or
mea
sure
sty
pe o
f tr
ansa
ctio
n)18
90—
1913
or 1
913—
1902
—19
2619
13
188
Hos
iery
189
Hos
iery
190
Mus
lin
191
Mus
lin
Wom
en's
, silk
mer
-ce
rize
d m
ock
szam
220
need
les,
wei
ght
1-lb
5-o
z.W
omen
'ssi
ngle
-th
read
,com
bed
yarn
,m
ock
seam
, 176
nee
d-le
s, 1
-lb
12-o
z.B
leac
hed,
4-4,
Frui
tof
the
Loo
m
Ble
ache
d, 4
-4, L
ons-
dale
, 26-
in. 4
.50
yds
to p
ound
, ble
ache
dw
t.B
leac
hed,
4-4
, Rou
ghR
ider
Ble
ache
d, 4
-4, W
arn-
sutta
nai
nsoo
kSc
out,
64x6
038'
/2in
.in
the
gray
*
do do
Man
ufac
ture
r
do do do
192
193
194
Mus
lin
Mus
lin
Perc
ale
(ifS
do do
Fact
ory
do do do
M T
i
MD
MD
MD
MD
MD
MD
do do
Man
ufac
ture
r's p
rice
to jo
bber
or
who
le-
sale
rM
anuf
actu
rer's
pri
ceto
jobb
er
do doM
anuf
actu
rer's
pri
ceto
jobb
er o
rsh
irt
15
10 (
b) 5 5 5 5
15 10 S S 5 $
195
Prin
t clo
ths
27 in
ch, 6
4x60
. 7.6
0M
anuf
actu
rer's
pric
eyc
Ls
to p
ound
dodo
M D
to f
inis
her
4040
196
Shee
tings
Bro
wn,
44
Indi
anM
anuf
actu
rer's
pri
ceH
ead,
2.8
5 yd
s to
dodo
M D
to jo
bber
1010
poun
d19
7 Sh
eetin
gsB
row
n, 4
-4 P
eppe
rell
R,3
.75y
dsto
pou
nddo
doM
Ddo
1010
64x6
419
8 Sh
eetin
gsB
row
n,4-
4W
are
Shoa
ls; T
hon
L. L
.do
doM
Ddo
1010
4 yd
s to
pou
nd, 5
6x60
199
Thr
ead
6-co
rd, 2
00 y
d.sp
ools
J &
P C
oats
, 200
yd
spoo
l com
pute
d fr
omdo
doM
Ddo
2020
100
yd s
pool
pri
ce20
0 U
nder
wea
rM
en's
shi
rts
and
draw
ers,
12-
123/
2 lb
.do
doF
Mdo
20to
doz
en f
lat f
leec
e20
1 U
nder
wea
rW
omen
's u
n i
o ii
suits
, rib
bed,
12
lbs
dodo
F M
do20
to d
ozen
, car
ded
202
Cot
ton
yarn
sC
arde
d, w
hite
, mul
e-Sp
inne
r'spr
ice
tosp
un,n
orth
ern,
cone
s,do
doM
Dto
man
ufac
ture
r50
30k
10/1
203
Cot
ton
yarn
sC
arde
d, w
hite
, mul
e-sp
un,n
orth
ern,
cone
s,do
doM
Ddo
5040
22/1
204
Cot
ton
yarn
sC
arde
d, tw
iste
d, o
r-di
nary
for
wea
ving
dodo
M D
do10
20/2
205
Cot
ton
yarn
sC
arde
d, tw
iste
d, o
r-di
nary
for
wea
ving
,do
doM
Ddo
2040
/220
6 Fl
anne
lW
hite
, 4-4
, Bal
lard
IM
anuf
actu
rer's
pric
eV
ale,
No.
3do
doF
Mto
jobb
er1
1
207
Ove
rcoa
ting
Hea
vy, 3
0 to
31
oz,
dodo
M I
)M
anuf
actu
rer's
pri
ceI
tojo
bber
or
man
u-20
*20
____
____
____
____
____
____
____
____
____
____
___
____
____
____
____
____
_fa
ctur
er
(b)
Wt.
1890
-190
2: 1
5; 1
902-
1913
: 10
TA
BL
E I
(Con
tinue
d)
DE
SCR
IPT
ION
S O
FPR
ICE
QU
OT
AT
ION
S.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Wei
ghts
use
d in
the
cons
truc
tion
ofin
dex
num
-be
rs a
ndot
her
Ref
.C
onun
odity
Des
crip
tion
Sour
ce o
f pr
ice
Mar
ket
Der
ivat
ion
Nat
ure
of p
rice
(or
mea
sure
sN
o.qu
otat
ion
of p
ublis
hed
type
of
tran
sact
ion)
figu
re18
90—
1913
or
1913
—19
02—
1926
•19
13
208
Sui
ting
Ser
ge,
oz.,
55-5
7—
Man
ufac
ture
r'spr
ice
in.
dodo
M D
to jo
bber
and
who
le-
20*
20sa
ler
209
Suiti
ngC
lay
wor
sted
, dia
go-
nal,
16 o
unce
, 56-
58do
doM
Ddo
25*
25in
.k
210
Suiti
ngM
iddl
ese;
woo
l-M
arni
fact
urer
's p
rice
dyed
blu
e, 1
6 oz
., 55
-do
doF
Mto
jobb
er25
(c)
2556
in.
211
Suiti
ngSe
rge,
11
oz. F
ulto
nM
anuf
actu
rer's
pri
ceM
ills,
319
2do
doM
Dto
who
lesa
ler
or jo
b-20
*20
ber
212
Tro
user
ing
Cot
ton
war
p, w
ors-
Man
ufac
ture
r's p
rice
ted
lillil
ig,
11-o
z.do
doM
Dto
jobb
er10
*10
wid
th 6
0 in
ches
213
Und
erw
ear
Shir
ts a
nd d
raw
ers,
Man
ufac
ture
r's p
rice
Mer
ino,
ful
l-fa
shio
n-do
doM
Dto
ret
aile
r10
10ed
, 60
per
cent
woo
l,21
gau
ge21
4 U
nder
wea
rU
nion
sui
ts, 3
3pe
rce
nt w
orst
ed, 1
6 lb
sdo
doM
Ddo
1010
to th
e do
zen
215
Wom
en's
dre
ssA
ll w
ool,
broa
dclo
thM
anuf
actu
rer's
pric
ego
ods
54-5
6 in
.do
doF
Mto
jobb
er20
2021
6 W
omen
's d
ress
All
woo
l,Fr
ench
good
sse
rge,
35-
in,
dodo
M D
do10
1021
7 W
omen
's d
ress
til W
ool s
torm
good
sdo
uble
war
p,do
doM
Ddo
1010
54-m
ch21
8 W
omen
's d
ress
Cot
ton
war
p, p
opla
rgo
ods
clot
h; w
orst
ed f
illin
g,do
doM
Ddo
33
32 in
. dis
cont
inue
dSu
bstit
utio
nC
otto
nw
arp
and
Man
ufac
ture
r's p
rice
wor
sted
fill
ed s
erge
,-do
doM
Dto
jobb
er o
r m
anu-
36 in
.fa
ctur
er21
9 W
omen
's d
ress
war
p,M
anuf
actu
rer's
pri
cego
ods
ian
clot
h, 5
0 in
.do
doM
Dto
jobb
er4
422
0 W
orst
ed y
arns
2-32
s, c
ross
bred
Man
ufac
ture
r's p
rice
stoc
k,w
hite
in s
kein
sdo
doF
Mto
wea
ver
1010
221
Wor
sted
yar
ns2-
40s,
hal
f-bl
ood
The
Com
mer
cial
Eas
tern
M W
Ran
ge o
f pr
ice
onB
ulle
tinm
arke
tson
Sat
urda
y in
eas
t-40
20em
mar
kets
222
Wor
sted
yar
ns2-
SOs,
fin
e do
mes
ticdo
doM
Wdo
2022
3 L
inen
sho
e th
read
lOs,
Bar
bour
Man
ufac
ture
rFa
ctor
yM
DM
anuf
actu
rer's
pri
ceto
man
ufac
ture
r2
2•i
224
Silk
Raw
, Chi
na, C
anto
n, S
ilk A
sso.
of
Am
eric
aN
ew Y
ork
M D
Pric
e to
spi
nner
by
kfil
atur
e,ex
tra
extr
aim
port
er20
226
Silk
Raw
, Jap
anes
e fi
la-
ture
s, K
ansa
i, k0
.i
Impo
rter
doF
Mdo
7060
228
Silk
Raw
, Jap
anes
e, if
ia-
Impo
rter
s pr
ice
totu
res,
spe
cial
, ext
ra,
Impo
rter
New
Yor
kF
Msp
inne
r30
20ex
tra
229
Silk
Spun
yar
n, d
omes
tic S
ilk A
sso.
of
Am
eric
ado
M D
Spin
ner's
pric
eto
gray
spu
n, 6
0/1
wea
ver
1023
0 Si
lkSp
un y
arn,
dom
estic
gray
spu
n 60
/2, N
o.do
doM
Ddo
101
232
Ant
hrac
ite c
oal
Bro
ken,
tidew
ater
,O
pera
tor
New
Yor
kav
erag
e sa
les
real
-T
idew
ater
M D
Pric
e to
jobb
er10
10iz
atio
nC
)(c
)W
t.18
90-1
902:
90;
190
2-19
13: 2
3.
TA
BL
E I
(Con
tinue
d):
DE
SCR
IPT
ION
S O
P W
RO
LE
SAL
E P
RIC
EQ
UO
TA
TIO
NS
.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Wei
ghts
use
d in
the
cons
truc
tion
ofin
dex
num
-be
rs a
nd o
ther
Ref
.N
o.C
omm
odity
Des
crip
tion
Sour
ce o
f pr
ice
quot
atio
nM
arke
tD
eriv
atio
nof
pub
lishe
dfi
gure
Nat
ure
of p
rice
(or
mea
sure
sty
pe o
f tr
ansa
ctio
n)18
90—
1913
or
1913
—19
02—
1926
1913
233
Ant
hrac
ite c
oal
234
Ant
hrac
ite C
oal
235
Ant
hrac
ite C
oal
236
237
238
239
243
244
Che
stnu
t, tid
ewat
erav
erag
esa
les
real
-iz
atio
nE
gg, t
Ade
wat
er, a
ver-
age
sale
sre
aliz
a-tio
nSt
ove,
tide
wat
er,
aver
age
sale
sre
al-
izat
ion
Kan
awha
, run
of
min
eN
ew R
iver
, min
e ru
nPo
caho
ntas
, min
eru
nB
eehi
ve, C
onne
lls-
vile
fou
ndry
, ran
geof
fut
ure
and
prom
ptsh
ipm
ent
Mot
or, t
o ga
rage
s in
stee
l bar
rels
Ave
rag_
e of
Saf
eH
ome,
Bir
d's
Eye
,an
d Se
arch
light
Bitu
min
ous
Coa
l
Bitu
min
ous
Coa
lB
itum
inou
s C
oal
Cok
e
Gas
olin
e
Mat
ches
do do do
Jobb
erdo
Sale
s A
gent
sIr
on T
rade
Rev
iew
Oil,
Pai
nt a
nd D
rug
Rep
orte
r
Man
ufac
ture
r
zdo do do
F. 0
. B. C
inci
nnat
ido
F. 0
. B. N
orfo
lk,
Va.
F. 0
. B. o
vens
New
Yor
k
Fact
ory
MD
MD
MD
FM FM MD
MW
MW
MD
do do do
Pric
e to
who
lesa
ler
and
reta
iler
do
Pric
e to
jobb
erR
ange
of
pric
e on
Wed
nesd
ay
Low
pri
ce o
n Sa
tur-
day
Man
ufac
ture
r's p
rice
to jo
bber
100 50 70 100
100
200 50 10
100
50 70 100
100
200 50 200 10
245
Pet
role
umC
rude
, Cal
ifor
nia
Oil,
Pai
nt a
nd D
rug
Ran
ge o
f pr
ice
on20
to 2
0.9
degr
ees
Rep
orte
rW
e118
M W
Satu
rday
5024
6 Pe
trol
eum
Cni
de, K
ansa
s-O
kla-
hom
a, 3
3 to
33.
9do
doM
Wdo
100
degr
ees
247
Petr
oleu
mC
rude
, Pen
nsyl
vani
a N
.Y
.Jo
urna
lof
Ran
ge o
f pr
ice
onC
omm
erce
and
Cor
n-do
M W
Tue
sday
200
50m
erci
al B
ulle
tin(W
edne
sday
Edi
tion)
248
Petr
oleu
mR
efin
ed, f
or e
xpor
t, O
il, P
aint
and
Dru
gN
ew Y
ork
M W
Low
pri
ce o
n Sa
tur-
New
Yor
kR
epor
ter
day
5050
110
degr
ees,
fir
e te
st,
carg
o, b
ulk
249
Petr
oleu
mR
efin
ed, 1
50 d
egre
es N
atio
nal P
etro
leum
Ref
iner
yM
WL
ow p
rice
on
Mon
-80
80fi
rete
st,
w a
t er
New
sda
yw
hite
; Pa.
, f.
o.b.
refi
nery
250
Aug
ers
Reg
ular
1 in
.M
anuf
actu
rers
New
Yor
kF
MPr
ice
to jo
bber
agen
ts25
1 B
utts
Loo
se-p
in,
wro
ught
Man
ufac
ture
rsFa
ctor
yM
Ddo
stee
lpl
an-
ishe
c! a
nd p
late
d25
2 C
hise
lsSo
cket
fir
mer
, reg
u-M
anuf
actu
rers
New
Yor
kF
Mdo
ular
, 1 in
.ag
ents
253
Doo
r kn
obs
Stee
l,bro
nze-
plat
edM
anuf
actu
rers
doF
Mdo
254
File
s8
in.
mill
, bas
tard
Nic
hols
one.
oFa
ctor
yF
Mdo
255
Ham
mer
sM
aydo
le N
o.ao
New
Yor
kF
Mdo
256
Iron
Ore
Mes
abi,
bess
emer
per
cent
fro
nIr
on A
geL
ower
Lak
e Po
rts
M W
Pric
e on
Tue
sday
4025
7 Ir
on O
reM
esab
i, N
on-B
esse
-m
er 5
14pe
r ce
ntdo
doM
Wdo
60ir
on25
8 L
ocks
Com
mon
, mor
tise,
knob
lock
s,34
-in-
Man
ufac
ture
rN
ew Y
ork
F M
Pric
e to
jobb
erch
es25
9 Pi
g Ir
onB
asic
iron
Age
Val
ley
Furn
ace
M W
Pric
e on
Tue
sday
4040
TA
BLE
I(C
ontin
ued
DE
SCR
IPT
ION
S O
F W
HO
LE
SAL
E P
RIC
E Q
UO
TA
TIO
NS.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Wei
ghts
-us
ed in
the
cons
truc
tion
of in
dex
num
-be
rs a
nd o
ther
Ref
.N
o.C
omm
otht
yD
escr
iptio
nSo
urce
of
pric
equ
otat
ion .
Mar
ket
Der
ivat
ion
of p
ublis
hed
figu
re
Nat
ure
of p
rice
(or
mea
sure
sty
pe o
f tr
ansa
ctio
n)18
90—
1913
or
1913
—19
02—
1926
1913
260
261
262
263
264
Pig
iron
Pig
iron
Pig
iron
Pig
iron
Ferr
oman
gane
se
Bes
sem
er
Foun
dry,
No.
2 n
or-
ther
nFo
undr
y, N
o. 2
, sou
-th
ern,
Bir
min
gham
Foun
dry,
No.
2, s
ou-
ther
n, C
inci
nnat
iB
ritis
h, 8
0 pe
r ce
nt
265
Spi
egel
eise
n
266
Bar
iron
267
Bar
iron
268
Bar
s
19 a
nd 2
1pe
rfu
rnac
e, s
pot
Bes
tre
fine
d,st
ore
do do do do do
Iron
Age
Man
ufac
ture
r'sA
gent
Iron
Age
Eng
inee
ring
New
sR
ecor
d
cent
,
from
20
Del
iver
ed
Pitts
burg
h
Bir
min
gham
Cin
cinn
ati
F. 0
. B. A
tlant
icpo
rts Fu
rnac
ePh
ilade
lphi
a
Pitts
burg
hPi
ttsbu
rgh
Mill
MW
MW
MW
MW
MW
MW
MD
MW
FMFr
om m
ill, c
omm
on(B
ase)
Con
cret
e re
info
rcin
g,m
ill,
rolle
d fr
ombi
llets
,3/
4 in
. and
larg
er
(IA do do do do
Ran
ge o
f pr
ices
on
Tue
sday
Man
ufac
ture
r's p
rice
to jo
bber
or
man
u-fa
ctur
erR
ange
of
pric
es o
nT
uesd
ayR
ange
of
pric
e ne
arth
e fi
rst o
f th
e m
onth
20 10 10 10
I 5 5 5
269
Nai
lsW
ire,
8 p
enny
, fen
cean
d co
nirn
on(a
ddIr
on A
gePi
ttsbu
rgh
M W
Pric
e on
Tue
sday
1010
pric
e di
ffer
entia
l to
the
base
pri
ce)
270
Pipe
Cas
t-ir
on, 6
in. c
lass
F. 0
. B.
Ran
ge o
f pr
ice
onB
and
hea
vier
doN
ew Y
ork
M W
Tue
sday
in c
ar lo
ts10
271
Plan
esJa
ck p
lane
s, S
arge
ntN
o. 4
14M
anuf
actu
rer
New
Yor
kF
MPr
ice
to jo
bber
272
Saw
sC
rosa
cut,
Dis
ston
,N
o.2,
Cha
mpi
ondo
Phila
delp
hia
F M
doto
oth,
6-f
oot
273
Saw
sH
and2
Dis
ston
, No.
8, 2
6 in
. ske
wba
ckdo
doF
Mdo
274
Shov
els
Am
es,
No.
2-ca
stst
eel,
long
han
dle,
doFa
ctor
yM
Ddo
roun
dpo
int,
back
stra
p-bl
ack
275
Stee
lSk
elp,
gro
oved
Iron
Age
Pitts
burg
hM
WPr
ice
on T
uesd
ay40
276
Stee
lB
illet
s, B
esse
mer
dodo
M W
do80
2027
7 St
eel
Bill
ets,
ope
n he
arth
dodo
M W
do60
278
Stee
lM
erch
ant B
ars
dodo
M W
do50
279
Stee
lPl
ates
, tan
k, 3
cjin
chth
ick
dodo
M W
do60
280
Stee
lR
ails
, Bes
sem
er,
Iron
Tra
de R
evie
wk
stan
dard
Mill
M W
Pric
e on
Wed
nesd
ay30
528
1 St
eel
Rai
ls,
open
-hea
rth,
stan
dard
dodo
M W
do25
282
Stee
lSh
eets
, box
ann
eale
dN
o. 2
7 on
e pa
ss, c
old
Mill
-Pitt
sbur
ghR
ange
of
pric
es o
nro
lledU
. S. S
tand
ard,
Iron
Age
Dis
tric
tM
WT
uesd
ay50
*50
car
lots
283
Stee
lSt
ruct
ural
;be
ams,
Chi
cago
chan
nels
, etc
.do
dist
rict
mill
sM
WPr
ice
on T
uesd
ay28
4 St
eel
Stru
ctur
al, m
ill E
ngin
eeri
ng N
ews
Pitts
burg
hR
ange
of
pric
e ne
arbe
ams,
cha
nnel
s,et
c., R
ecor
ddi
stri
ct m
illF
Mth
e fi
rst o
f th
e m
onth
30ba
se p
rice
3-1
5"28
5 T
inR
oofi
ng (
tern
epla
te)
8 lb
. I. C
. pac
kage
,Ir
on A
gedo
M W
Pric
e on
Tue
sday
320
x28
inch
TA
BL
E I
(Con
tinue
d)
DE
SCR
IPT
ION
S O
F W
HO
LE
SAL
E P
RIC
E Q
UO
TA
TIO
NS.
286
Tin
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Weights
used
inth
e co
nstr
uctio
nof
inde
x nu
in-
bers
and
oth
erR
ef.
No.
Com
mod
ityD
escr
iptio
nSo
urce
of
pric
equ
otat
ion
Mar
ket
Der
ivat
ion
of p
ublis
hed
figu
re
Nat
ure
of p
rice
(or
mea
sure
sty
pe o
f tr
ansa
ctio
n)18
90—
1913
or
1913
—19
02—
1926
1913
0
287
288
289
290
291
292
293
294
295
Tro
wel
s
Vis
asWire
Wir
e
Woo
d sc
rew
s
Alu
min
um
Cop
per
Cop
per
Cop
per
Plat
e, d
omes
tic,c
oke,
f.o.
b. P
ittsb
urgh
,14
x20
inch
Bri
ck,
in.,
John
-so
n's
Solid
box
, 50
lb.
Fenc
e, b
arbe
d, g
al-
vani
zed
Fenc
e, p
lain
, ann
eal-
ed N
os. 6
to 9
1 in
. No.
10
flat
head
,ir
on98
-99
per
cent
, ope
nm
arke
tIn
got,
elec
trol
ytic
,ea
rly
deliv
ery
Shee
t, ho
t rol
led
(bas
e si
zes)
Wir
e, b
are,
No.
8, B
& S
gau
ge a
nd h
eav-
ier
(bas
e si
ze)
do
Man
ufac
ture
rdo
Iron
Age
do
Man
ufac
ture
rIr
on T
rade
Rev
iew
Iron
Age
Man
ufac
ture
r
do
MW
FM MD
MW
MW
MDMW
Pitts
burg
h
New
Yor
kFa
ctor
yC
hica
godi
stri
ct m
ills
Pitts
burg
h
New
Yor
kdo
Ref
iner
y
New
Yor
k
Mill
s
do
Pric
e to
who
lesa
ler
or jo
bber
do
Pric
e on
Tue
sday
Ran
ge o
f pr
ice
onT
uesd
ay, i
n ca
r lo
tsto
jobb
ers
Pric
e to
jobb
erPr
ice
on T
uesd
ay
40*
20 80 10 20
40 10
10 10 80
10 20
MW
doPr
ice
to w
hole
sale
rM
Dan
d jo
bber
Pric
e to
act
ual c
on-
M D
sum
ers
and
man
u-fr
actu
rers
of
cove
red
296
297
298
299
300
301
Lea
d
Lea
dQ
uick
silv
er
Silv
er
Tin
Zin
c
302
Zin
c
303
Dou
glas
fir
Pig
desi
lver
ized
, for
earl
y de
liver
yPi
peSp
ot
Bar
, fin
e
Pig,
for
ear
lyde
liver
ySh
eet,
ordi
nary
num
-he
rs a
nd s
izes
, pac
k-ed
in 6
00 lb
. cas
ksSl
ab,
pig,
wes
tern
,ea
rly
deliv
ery
No.
1, c
omm
onbo
ards
, f. o
. b. m
ill1x
8'an
d lx
lO' S
.!. S
.N
o. 2
and
hot
ter,
drop
sid
ing,
f. o
. b.
mill
1x6
"Sa
p,fi
rsts
and
sec
-on
ds, p
lain
sap
- 4/
4
No.
1, n
orth
ern
Penn
sylv
ania
,ba
sepr
ice
No.
1, n
orth
ern
No.
1 2x4x
16
Har
d an
d so
ft, 4
/4.
firs
ts a
nd s
econ
ds
Har
d, n
orth
ern
stoc
k, N
o.1
com
-m
on. 4
/4
Iron
Age
Man
ufac
ture
rO
il, P
aint
and
Dru
gR
epor
ter
Tre
asur
y D
epar
t-m
ent
Iron
Age
Man
ufac
ture
r
Iron
Age
Wes
t Coa
st L
um-
berm
an's
Ass
ocia
tion
do
Lum
ber
Man
u-fa
ctur
er a
nd D
eale
r
do do
New
Yor
k L
umbe
rT
rade
Jou
rnal
(Pri
cesu
pple
men
t)L
umbe
rM
anu-
fact
urer
and
Dea
ler
New
Yor
k
do do do do
New
Yor
k
F.0.
B.
mill
s,St
ate
of W
ashi
ng-
ton
do
St. L
ouis
New
Yor
k
Chi
cago
New
Yor
k
Chi
cago
MW
MD
MW
MD
MW
MD
MW
FM FM
Bi-
wee
kly
do do FM
Bi-
wee
kly
304
Dou
glas
fir
305
Gum
306
Hem
lock
307
Hem
lock
308
Map
le
309
Map
le
20 3 1 10 10 3 20 20 20
Pric
e on
Tue
sday
Pric
e to
jobb
erSp
ot p
rice
on
Satu
r-da
yM
ean
of b
id a
nd a
sk-
ed p
rice
at N
ew Y
ork
Pric
e on
Tue
sday
Pric
e to
jobb
er a
ndm
anuf
actu
rer
Pric
e on
Tue
sday
Pric
e to
ret
aile
r
do
Ran
ge o
f pr
ice
onev
ery
othe
r W
edne
s-da
yW
hole
sale
pri
ce in
car
lots
Pric
e on
eve
ry o
ther
Tue
sday
Who
lesa
le p
rice
inca
r io
taPr
ice
on e
very
oth
erFr
iday
Who
lesa
le p
rice
inca
r lo
tsW
hole
sale
selli
ngpr
ice
to th
e re
tail
trad
eR
ange
of
pric
e on
ever
y ot
her
Frid
ayW
hole
sale
pri
ce in
car
lots
20 3 10 10 3 20 20 20 10
k
20 20
TA
BL
E I
(Con
tinue
d)
DE
SCR
IPT
ION
S O
FPa
ws
QU
OT
AT
ION
S.
-4
(1)
Ref
.N
o.
(2)
Com
mod
ity
(3)
Des
crip
tion
(4)
Sour
ce o
f pr
ice
quot
atio
n
(5)
Mar
ket
(6)
Der
ivat
ion
of p
ublis
hed
figu
re
(7)
(8)
(9)
Wei
ghts
use
d in
the
cons
truc
tion
ofin
dex
num
-•
bers
and
oth
erN
atur
e of
pri
ce (
or m
easu
res
type
of
tran
sact
ion)
——
1890
—19
13 o
r 19
13—
1902
—19
2619
13
310
Oak
311
Oak
312
Oak
313
Pine
315
Pine
316
Pine
317
Pine
FM MW
FM
Whi
te, p
lain
, mix
edro
ck m
ount
am o
r W
.V
a. s
tock
4/4
-fir
sts
and
seco
nds
Whi
te, p
lain
, No.
1co
mm
on-4
/4W
hite
,st
rict
ly w
hite
, goo
dte
xtu
re-4
/4—
fir
sts
and
seco
nds
Whi
te, b
oard
s, N
o. 2
barn
, 1x8
in. r
ough
Yel
low
, flo
orin
g lo
ngle
af, B
& b
ette
r,he
art r
ift 1
x3Y
ello
w, f
loor
ing
f. o
.b.
mill
B &
bet
ter,
1x4
FG s
apY
ello
w, s
idin
g, N
. C.
Pine
sur
face
d bo
ards
No.
2 &
bet
ter
4/4
edge
unde
r 12
in.
roug
h
New
Yor
k L
umbe
rT
rade
Jou
rnal
(Pri
ce s
uppl
emen
t)
Dea
ler
New
Yor
k L
umbe
rT
rade
Jou
rnal
(Pri
ce S
uppl
emen
t)
Who
lesa
le d
eale
rsN
ew Y
ork
Lum
ber
Tra
de J
ourn
al
Stat
istic
al A
genc
y
New
Yor
k L
umbe
rT
rade
Jou
rnal
New
Yor
k
Cin
cinn
ati
New
Yor
k
Buf
falo
New
Yor
k
Hat
tiesb
urg
(Mis
s) d
istr
ict
Nor
folk
, Va.
M F
Who
lesa
le s
ellin
gpr
ice
to th
ere
tail
trad
e
Ran
ge o
f pr
ice
onW
edne
sday
Who
lesa
le s
ellin
gpr
ice
to th
e re
tail
trad
e
Ran
ge o
f pr
ice
onT
uesd
ayW
hole
sale
selli
ngpr
ice
to r
etai
l tra
de
F. 0
. B. m
ills
Who
lesa
le s
ellin
gpr
ice
to r
etai
ler
W M
50 40 70
50 40 130
MD
FM
318
Pine
Yel
low
, tim
bers
long
Hat
tiesb
urg
leaf
f.o.
b.m
ill S
tatis
tical
Age
ncy
(Mis
s) d
istr
ict
M D
F. 0
. B. m
ills
60sq
uare
edge
and
soun
d, d
ress
ed 8
' and
unde
r, 2
0' a
nd u
nder
319
Popl
arY
ello
w r
ough
, 1 in
. New
Yor
k L
umbe
rW
hole
sale
sel
ling
7 to
in. a
nd u
p, T
rade
Jou
rnal
New
Yor
kF
Mpr
ice
to r
etai
ler
10
firs
ts a
nd s
econ
ds32
0 Po
plar
No.
I c
omm
on-4
/4W
hole
sale
dea
ler
Cin
cinn
ati
M W
Pric
e on
Wed
nesd
ay10
321
Spru
ceE
aste
rnR
ange
of
pric
e on
and
4do
Bos
ton
M W
Mon
day
1010
322
Lat
hSo
uthe
rn y
ello
wH
attie
sbur
gpi
ne, N
o. 1
, f. o
. b. S
tatis
tical
Age
ncy
(Mis
s) d
istr
ict
M D
F. 0
. B. m
ills
5
mill
4 f
eet,
3/8
in-
ches
323
Shin
gles
Cyp
ress
, 16
in. l
ong
New
Orl
eans
Bes
t, al
l hea
rt, 5
in-
Man
ufac
ture
rdi
stri
ctM
DF.
0. B
. mill
s2
2
ches
wid
e32
4 Sh
ingl
esR
ed c
edar
,16
in. W
ashi
ngto
n an
dF.
0. B
. mill
slo
ng 5
/?ra
ndom
Ore
gon
Shin
gle
As-
and
M D
F. 0
. B. m
ills
1010
wid
ths,
B g
rade
soci
atio
nO
rego
n di
stri
ct32
5 B
rick
Com
mon
,sal
inon
,run
Man
ufac
ture
rC
hica
goM
DF
0. B
. kiln
ofki
lnII
326
Bri
ckC
omm
on, r
eddo
Cin
cinn
ati
F M
F. 0
. B. k
iln32
7 B
rick
Com
mon
, red
,do
-R
ange
fro
m P
rice
on
barg
e al
ong-
mes
ticdo
New
Yor
kfi
rst t
o la
st s
ide
dock
30of
mon
th32
8 B
rick
Com
mon
,f.
o.b.
Man
ufac
ture
r's A
s-ya
rd, a
vera
ge 8
2 yd
s so
ciat
ion
F M
Pric
e at
yar
ds30
330
Cem
ent
Port
land
, dom
estic
,W
hole
sale
pri
cein
f.o.
b. p
lant
, nea
rM
anuf
actu
rer
Nea
r C
hica
goM
Dca
r lo
ts F
. 0. B
. milL
50*
Chi
cago
wtih
out
bags
331
Cem
ent
Port
land
, dom
estic
,f.
o. b
. pla
nt, a
ver-
Man
ufac
ture
rsM
DF.
0. B
. mill
s50
age
of 6
pla
nts
333
Cem
ent
Port
land
dom
estic
,f.
o. b
. p'a
ntdo
San
Fran
cisc
oM
DF.
0. B
. mill
TA
BL
E I
(Cou
tinue
d)
DE
SCR
IPT
ION
S O
F W
RO
LE
SAL
E P
RIC
E Q
UO
TA
TIO
NS.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Wei
ghts
use
d in
the
cons
truc
tion
of in
dex
num
-he
rs a
nd o
ther
Ref
.N
o.C
omm
odity
Des
crip
tion
Sour
ce o
f pr
ice
quot
atio
nM
arke
tD
eriv
atio
nof
pub
lishe
dfi
gure
Nat
ure
of p
rice
(or
mea
.sur
esty
pe o
f tr
ansa
ctio
n)18
90—
1913
or
1913
—19
02—
1926
119
13
334
Cru
shed
sto
ne
335
Doo
rs
336
337
338
340
341
.342
in.
Whi
te p
ine,
2 f
t. 8
in. b
y 6
ft.
8 in
.;w
este
rn,
1 3/
8in
.th
ick,
4-p
anel
No.
20.
G.
F. 0
. B. p
it, a
vera
geof
22
plan
t pri
ces
Bui
ldin
g 4x
12x1
2
Com
mon
,M
ason
'slu
mp,
f. o
. b. p
lant
,av
erag
e of
15
plan
tpr
ices
Bui
ldin
g, f
. 0. b
. pit,
aver
age
of 3
1 pl
ant
pric
esR
oofi
ng N
o. 1
, lO
x20
' sea
gre
enPl
ate,
pol
ishe
d, a
rea
3 to
5 s
q. f
t., g
lazi
ng
Gra
vel
Hol
low
tile
Lim
e
Sand
Slat
e
Gla
ss
Eng
inee
ring
New
sR
ecor
d
Man
ufac
ture
r
Man
ufac
ture
rsE
ngin
eeri
ng N
ews
Rec
ord
Man
ufac
ture
rs
do do do
New
Yor
k
Chi
cago
Chi
cago
New
Yor
k
FM MD
F M
FM FM FM FM MD
Car
go o
rca
rlo
tsal
ongs
ide
dock
Man
ufac
ture
r to
re-
taile
r
F. 0
. B. p
itC
ar lo
ts to
con
trac
-to
rs
F. 0
. B. p
lant
F. 0
. B. p
it
F. 0
. B. q
uarr
yM
anuf
actu
rer
to jo
b-be
r
15 10 10 10 S 5
10 5
343
Gla
ssPl
ate,
polis
hed
area
jI
I
Sto
10
sq. f
t., g
lazi
ngi
dodo
M D
do5
534
4G
lass
Win
dow
, sin
gle,
A, O
il Pa
int a
nd D
rug
25 in
., 6
by 8
to 1
0 by
Rep
orte
r fo
r di
s-W
orks
M W
Pric
e at
wor
ksS
S15
in.
coun
tsB
ase
pric
e fr
om li
stof
man
ufac
ture
r34
5 G
lass
Win
dow
,si
ngle
, B,
25 in
., 6
by 8
to 1
0do
doM
Wdo
55
by 1
5 in
.34
8 L
inse
ed o
ilR
aw, c
ar lo
ts, b
arre
lsdo
doM
Wdo
2020
349
Putty
In 1
, 2, 3
and
5 lb
. New
Yor
k Jo
urna
l of
tin, c
omm
erci
alC
omm
erce
and
Cor
n-N
ew Y
ork
M W
Low
pri
ce o
n T
ues-
11
me'
cial
Bul
letin
day
(Wed
nesd
ayE
ditio
n)35
0 R
osin
Com
mon
togo
od,
Ran
ge o
f pr
ice
onya
rd b
asis
(B)s
trai
ned
dodo
M W
Tue
sday
352
Tar
Per
barr
elM
orni
ng S
tar
Prev
ailin
g pr
ice
on5
Wilm
ingt
on, N
. C.
Wilm
ingt
on, N
. C.
M W
Tue
sday
353
Tur
pent
ine
Spir
its o
f, s
outh
ern,
Jou
rnal
o F
Cor
n-R
ange
of
pric
e on
barr
els,
car
lots
, ex-
mer
cean
dC
orn-
New
Yor
kM
WT
uesd
aydo
ckm
erci
al B
ulle
tin10
10(W
edne
sday
-E
ditio
n)35
4 L
ead,
car
bona
te o
f (W
hite
lead
), A
men
- O
il, P
aint
and
Dru
gL
ow p
rice
on
Satu
r-ca
n; in
oil
100
lb. R
epor
ter
doM
Wda
y10
10pa
ckag
es o
r ov
erM
anuf
actu
rer
to c
on-
sum
er35
5 Z
inc,
oxi
de o
f(W
hite
zin
c), A
mer
i-ca
n st
anda
rd; 3
5 pe
rdo
doM
Wdo
55
cent
lead
ed g
rade
sin
bag
s; c
arlo
ts35
6 A
cid
Ace
tic, 2
8 pe
r ce
nt, O
il, P
aint
and
Dru
gN
ew Y
ork
M W
Low
pri
ce o
n Sa
tur-
barr
els
Rep
orte
rda
y1
Man
ufac
ture
r to
cons
umer
357
Aci
dM
uria
tic, 2
0 de
gree
,ta
nks
doW
orks
M W
do1
1-4 cJ
'
TA
BL
E I
(Con
tinue
d)0
DE
ScR
IPT
ION
S O
F W
HO
LE
SAL
E P
WcE
QU
OT
AT
ION
S.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Wei
ghts
use
d in
the
cons
truc
tion
ofin
dex
num
-be
rn a
nd o
ther
Ref
.C
omm
odity
Des
crip
tion
Sour
ce o
f pn
ceM
arke
tD
enva
tion
Nat
ure
of p
rice
(or
mea
sure
sN
o.qu
otat
ion
of p
ublis
hed
type
of
tran
sact
ion)
—__
___
figur
e18
90—
1913
or
1913
—19
02—
1926
1913
358
Aci
dN
itric
,42
degr
ee,
carb
oys
doN
ewY
ork
MW
do1
359
Aci
dSt
eari
c,tr
iple
pre
s- D
rug
and
Che
mic
alL
ow p
rice
on
Wed
-se
d, d
istil
led
in b
ags
Mar
kets
doW
nesd
ay1
Man
ufac
ture
r to
cons
umer
—36
0A
CId
Sulp
huri
c, 6
6 de
gree
, Oil,
Pai
nt a
nd D
rug
Low
pri
ce o
n Sa
tur-
tank
car
sR
epor
ter
doM
Wda
y20
20M
anuf
actu
rer
toco
nsum
er36
1 A
lcoh
olD
enat
ured
,188
pro
ofL
ow p
rice
on
Satu
r-co
mpl
etel
yN
o.5,
dodo
M W
1010
barr
els
Dis
tille
rs to
who
le-
sale
rs36
2 A
lcoh
olW
ood,
Ref
ined
, 95
perc
ent,
drum
sdo
doM
Wdo
22
363
Alu
mL
ump,
amm
onia
,bar
-L
ow p
rice
on
Satu
r-re
lsdo
doM
Wda
yS
5M
anuf
actu
rer
toco
nsum
er36
5 A
mm
onia
Anh
ydro
us, c
on-
trac
ts, c
ylin
ders
dodo
M W
doS
367
Ble
achi
ng P
owde
r D
rum
sO
il, P
aint
and
Dru
gL
OW
pri
ce o
n Sa
tur-
Rep
orte
rW
orks
M W
day
1
Man
ufac
ture
r to
who
lesa
ler
368
Bor
axC
ryst
als,
sac
ks, s
pot
doN
ew Y
ork
M W
Low
pri
ce o
n Sa
tur-
day
1
Man
ufac
ture
rs to
cons
umer
s37
0 C
oppe
r su
lpha
te(B
lue
vitr
iol)
, 99
per
Low
pri
ce o
n Sa
tur-
cent
cry
stal
s (l
arge
)do
doM
Wda
y1
Lea
ding
man
u-fa
ctur
ers
pric
e37
2 Fo
rmal
dehy
deC
ar lo
ts, b
arre
lsdo
New
Yor
kM
WL
ow p
rice
on
Satu
r-da
y1
Lea
ding
man
u-fa
ctur
ers
pric
e37
3 Pa
lm k
erne
l oil
Cru
de, i
mpo
rted
.c.i.
f.L
ow p
rice
on
Satu
r-ba
rrel
sdo
doM
W d
ay1
Impo
rter
s pr
ice
tous
ers
374
Pota
shC
aust
ic,
88-9
2pe
rce
nt, i
mpo
rted
, spo
t,do
doM
Wdo
1
cask
s37
6 So
da a
shL
ight
, 58
per
cent
,L
ow p
rice
on
Satu
r-ba
rrel
s, 1
. c. 1
.do
New
Yor
kM
Wda
y15
Man
ufac
ture
r to
377
Soda
, bic
arbo
nate
cons
umer
ofA
mer
ican
, bag
sdo
Wor
ksM
Wdo
22
378
Soda
, car
bona
te o
f (S
al s
oda)
bar
rels
do•
New
Yor
kM
Wdo
1
379
Soda
, cau
stic
76 a
nd 7
8 pe
r ce
nt,
solid
, spo
t, dr
ums
dodo
M W
do10
380
Soda
, sili
cate
of
42 d
egre
es,
turb
id, D
rug
and
Che
mic
alL
ow p
rice
on
Wed
-•
tank
sM
arke
tsW
orks
M W
nesd
ay2
Man
ufac
ture
rs p
rice
381
Sulp
hur
(Bri
mst
one)
,st
ick,
Oil,
Pai
nt a
nd D
rug
Low
pri
ce o
n Sa
tur-
crud
e, c
ar lo
ts, b
ulk
Rep
orte
rW
orks
M W
day
33
Man
ufac
ture
rs p
rice
382
Tal
low
Pack
ers'
pri
me
Dai
ly T
rade
Bul
letin
Chi
cago
M W
Ran
ge o
fpa
cker
s'(C
omxn
erci
alse
ctio
n)pr
ice
on T
uesd
ay10
10(T
uesd
ay E
ditio
n)
TA
BL
E I
(Con
tinue
d)
DE
SCR
IPT
ION
S O
F W
HO
LE
SAL
E P
RIC
E Q
UO
TA
TIO
NS.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Wei
ghts
use
d in
the
cons
truc
tion
ofin
dex
num
-R
ef.
bers
and
oth
erN
o.C
omm
odity
Des
crip
tion
Sour
ce o
f pr
ice
quot
atio
nM
arke
tD
eriv
atio
nof
pub
lishe
dfi
gure
Nat
ure
of p
rice
(or
mea
sure
sty
pe o
f tr
ansa
ctio
n)18
90—
1913
or
1913
—19
02—
1926
1913
16 p
er c
ent
basi
s, O
il, P
aint
bulk
Rep
orte
r
Sulp
hate
, dou
ble
Dru
g an
dba
gs, f
. a. s
., sp
otM
arke
ts
384
Aci
d ph
osph
ate
385
Am
mon
ia
386
Bon
es
387
Mur
iate
of
pota
sh
388
Phos
phat
e ro
ck
389
Soda
, nitr
ate
of
390
Tan
kage
and
Dru
g
Che
mic
al
and
Dru
gG
roun
d, s
team
ed, 1
-pe
rce
ntam
-m
onia
, 60
per
cent
bone
pho
spha
te80
to 8
5 pe
r ce
nt, K
.C
. L.,
bags
Flor
ida
land
peb
ble,
68 p
er c
ent
(Chi
le s
altp
eter
), 9
5pe
r ce
nt, s
pot,
bags
Cru
shed
slau
ghte
r-ho
use,
9 a
nd 2
0 pe
rce
nt
Bal
timor
e
New
Yor
k
Chi
cago
New
Yor
k
Min
es
New
Yor
k
Chi
cago
z
Oil,
Pai
ntR
epor
ter do do do do
MW
MW
MW
MW
MW
MW
MW
Low
pri
ce o
n Sa
tur-
day
Man
ufac
ture
r to
cons
umer
Low
pri
ce o
n T
ues-
day
Man
ufac
ture
rs p
rice
Low
pri
ce o
n Sa
tur-
day
Lea
ding
Man
u-fa
ctur
ers
pric
e
do do doL
ow p
rice
on
Satu
r-da
yF.
0. B
. Chi
cago
10 10
1 1 3
10 3
391
Aci
dC
itric
, dom
estic
Low
pri
ce o
n Sa
tur-
crys
tals
, m a
n u-
doN
ew Y
ork
M W
day
1
fact
urer
s, b
arre
lsM
anuf
actu
rer
toco
nsum
er39
2 A
cid
Tar
tari
c, c
ryst
als
,U.
S. P
. man
ufac
ture
rs,
dodo
M W
do1
dom
estic
sal
es39
3 A
lcoh
olG
rain
,18
8pr
oof,
Low
pri
ce o
n Sa
tur-
barr
els,
U. S
. P.
dodo
M W
day
4040
Dis
tille
rspr
ice
tow
hole
sale
rs39
4 C
ream
of
Tar
tar
Pow
dere
d, d
omes
-L
ow p
rice
on
Satu
r-tic
, bar
rels
dodo
M W
day
1
Man
ufac
ture
rs p
rice
395
Eps
om s
alts
U. S
.30
0-lb
bar
- D
rug
and
Che
mic
alL
ow p
rice
on
Wed
-re
ls in
10
barr
el lo
ts M
arke
tsdo
M W
nesd
ay1
Prod
ucer
s pr
ice
396
Gly
ceri
nR
efin
ed, c
hem
ical
ly O
il, P
aint
and
Dru
gL
ow p
rice
on
Satu
r-pu
re, i
n bu
lk, d
rum
s R
epor
ter
doM
Wda
y5
5an
d ba
rrel
s ad
ded
Prod
ucer
s pr
ice
397
Opi
umN
atur
al in
cas
es U
.L
ow p
rice
on
Satu
r-S.
P.
dodo
M W
day
11
Impo
rter
s pr
ice
tow
hole
sale
r39
8 Pe
roxi
de o
f hy
-U
. S. P
., bo
ttles
-4. D
rug
and
Che
mic
alL
ow p
rice
on
Wed
-dr
ogen
oz.,
case
sM
arke
tsdo
M W
nesd
ay2
Prod
ucer
s pr
ice
399
Phen
olU
.S.
P.(c
arbo
lic O
il, P
aint
and
Dru
gL
ow p
rice
on
Satu
r-ac
id)
drum
sR
epor
ter
New
Yor
kM
Wda
y5
-P
rodu
cers
pric
e40
0 Q
uim
neM
anuf
actu
rer's
quo
-L
ow p
rice
on
Satu
r-ta
tions
day
11
Sulp
hate
,do
mes
tic,
dodo
M W
Man
ufac
ture
r to
100
ounc
e tin
sw
hole
sale
r an
d jo
b-be
r4C
1 B
edC
ombi
natio
nM
anuf
actu
rers
'A
vera
ge p
rice
to r
e-re
pres
enta
tive
Fact
ory
M D
tail
trad
e40
402
Bed
room
Cha
irA
ll gu
m, c
ane
seat
dodo
M D
do3
403
Bed
room
Chi
ffo-
rette
Com
bina
tion
dodo
M D
doI
10
TA
BL
E I
(Con
tinue
d)
DE
SCR
IPT
ION
S O
FPB
ICE
QU
OT
AT
ION
S.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Weights used in
the construction
of index
nuni
-bers
and
other
Ref
.N
o.C
omm
odity
Des
crip
tion
Sour
ce o
f pr
ice
quot
atio
nM
arke
tD
eriv
atio
nof
pub
lishe
dfi
gure
Nat
ure
of p
rice
(or
mea
sure
sty
pe o
f tr
ansa
ctio
n)18
90—
1913
or
1913
—19
02—
1926
1913
404
105
406
407
408
409
410
411
412
413
414
Bedroom Dresser
Bed
room
Chairs
Bed
room
Sets
Buffet
Din
ing
Roo
mC
hair
Din
ing
Roo
mT
able
Dav
enpo
rtTable
Kitc
hen
Chairs
Ref
rige
rato
r
Kitc
hen
Tab
les
Combination
Quartered
oak
rock
erIr
on b
edst
ead,
qua
r-te
red
oak
dres
ser,
and
plai
n oa
k w
ash-
stan
dC
ombi
natio
n
All
gum
leat
her,
slip
seat
Ext
ensi
on c
ombi
na-
tion
Stan
dard
pat
tern
Lib
rary
, com
bina
-tio
nH
ardw
ood,
bow
back
Lif
t-to
p ty
pe
Har
dwoo
d ba
se,
24 x
42
in.
do
Dea
ler
do
Man
ufac
ture
rsre
pres
enta
tive
do do do doD
eale
rM
anuf
actu
rers
repr
esen
tativ
e
Dea
ler
do
Chi
cago
do
Fact
ory
do do do doC
hica
go
Fact
ory
Chi
cago
MD
MD
MD
MD
MD
MD
MD
MD
MD
MD
MD
do
Pric
e to
ret
aile
r
do
Ave
rage
pri
ce to
re-
tail
trad
e do do do do
Pric
eto retailer
Average
pric
e to
re-
tail
trad
e
Pric
e to
ret
aile
r
10 2 10 40 20 10 40 10 2 10
2
10 20 2 2
415
Bla
nket
sC
otto
n, 2
lb. t
o th
epa
ir 5
4 x
74' 4
2x38
Mill
age
nts
Fact
ory
M D
Pric
e to
jobb
er2
2en
ds p
er s
quar
e in
ch41
6 B
lank
ets
Woo
len,
4 to
15
lb.
to th
e pa
irM
anuf
actu
rers
doF
Mdo
22
417
Car
pets
Axu
unst
er, B
igel
ow,
3/4
dodo
M D
Pric
e to
ret
aile
r20
2041
8 C
arpe
tsB
russ
els,
5-f
ram
e,B
igel
owdo
doM
Ddo
1010
419
Car
pets
Wilt
on, 5
-fra
me,
Big
elow
dodo
M D
do10
1042
0 C
arve
rsSt
ag h
andl
es, 8
-in,
dodo
F M
Pric
e to
who
lesa
ler
or jo
bber
11
421
Kni
ves
and
fork
s C
ocob
olo
hand
les,
met
al b
olst
ers
dodo
F M
do1
142
2 Pa
ilsG
alva
nize
d ir
on, 1
0Pr
ice
to jo
bber
or
quar
tM
anuf
actu
rers
Fact
ory
M D
who
lesa
ler
11
423
Shee
ting:
Ble
ache
d 10
-4, P
eppe
rell,
Pric
e to
jobb
er o
rw
idth
90
in. 7
2x72
Mill
age
nts
Fact
ory
M D
man
ufac
ture
r10
10en
ds p
er s
quar
e in
ch42
4 Sh
eetin
g:B
leac
hed
10-4
, Wan
isut
ta, P
.Pr
ice
to jo
bber
or
L.
Man
ufac
ture
rsdo
M D
man
ufac
ture
r20
2042
5 N
appi
es4—
rn, c
onim
ondo
doM
DPr
ice
to jo
bber
11
426
Pitc
hers
gal.,
com
mon
dodo
M D
do6
642
7 T
umbl
ers
Com
mon
, 1/3
pin
tdo
doM
Ddo
22
428
Plat
esW
hite
gra
nite
, 7 in
chdo
doF
Mdo
66
429
Tea
cups
and
Whi
te g
rani
te, t
eas
sauc
ers
with
han
dles
dodo
F M
do3
343
0 T
icki
ngs
Am
oske
ag, A
. C. A
.w
idth
32
inch
es, 2
.05
dodo
M D
do3
3ya
rds
to th
e po
und
431
Tub
sG
alva
nize
d ir
on, N
o.Pr
ice
to jo
bber
and
3do
doM
Dw
hole
sale
r1
1
432
Bra
nIn
100
pou
nd s
acks
,R
ange
of
pric
e on
prom
pt s
hipm
ent,c
ar N
orth
wes
tern
mill
erM
inne
apol
isM
WT
uesd
ay15
lots
433
Cot
tons
eed
mea
lPr
ime,
S p
er c
ent
Am
mon
iaM
anuf
actu
rer
F. 0
. B. M
emph
isF
MPr
ice
to jo
bber
3030
TA
BL
E I
(Con
tinue
d)
DE
SCR
IPT
ION
S O
F W
HO
LE
SAL
EQ
UO
TA
TIO
NS.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Weights
used
inth
e co
nstr
uctio
nof
inde
x nu
m-
bers
and
oth
erR
ef.
No.
Com
mod
ityD
escr
iptio
nSo
urce
of
pric
equ
otat
ion
Mar
ket
Der
ivat
ion
of p
ublis
hed
figu
re
Nat
ure
of p
rice
(or
mea
sure
sty
pe o
f tr
ansa
ctio
n)18
90—
1913
or
1913
—19
02—
1926
1913
434 Linseed
mea
l
435
Mill
fee
d
436
Leather
437
Lea
ther
Bag
s
Mid
dlin
gs, s
tand
ard
100
lb. j
ute
sack
s,ca
r lo
tsC
hrom
e ca
lf, d
ull o
rbr
ight
ran
ge o
f B
grad
esG
laze
dlu
d,to
pgr
ades
, fro
m B
razi
l-ia
n sk
ins,
bla
ckH
arne
ss o
ak,
Cal
.,N
o. 1
or
B s
elec
tions
Side
,ch
rom
e, ta
n-ne
d, "
B"
grad
eSo
le o
ak, i
n si
des,
mid
dle
wei
ghts
, tan
-ne
ry r
unSo
leoa
k,sc
oure
dba
cks,
hea
vy c
ivili
antr
ade
438
439
440
441
Oil,
Pai
nt a
nd D
rug
Rep
orte
r
Nor
thw
este
rn m
iller
Shoe
and
Lea
ther
Rep
orte
r do
Hid
e an
d L
eath
erSh
oe a
nd L
eath
erR
epor
ter d3 do
Lea
ther
Lea
ther
Lea
ther
Lea
ther
z k
MW
MW
FM FM FM FM FM
New
Yor
k
Min
neap
olis
Eas
tern
Mar
kets
do
Mid
dle
Wes
tern
inkt
s.
Eas
tern
Mar
kets
do do
Low
pri
ce o
n Sa
tur-
day
mill
s to
dea
lers
Ran
ge o
f pr
ice
onT
uesd
ay
Pric
e to
sho
e m
anu-
fact
urer
s
do
Pric
eto
man
ufac
-tu
rers
of
harn
ess,
etc.
Pric
e to
sho
e m
anu-
fact
urer
s do
2
20 30 30 S
20 S
40
20
25
FM
do
25
25
442
Lea
ther
Sole
unio
nba
cks,
Sho
e an
d L
eath
erR
ange
of
pric
e on
tann
ery
run,
ste
erR
epor
ter
New
Yor
kM
WW
edne
sday
2044
3 Pa
per
New
spri
nt,r
olls
,con
—R
ange
of
pric
e on
trac
tPa
per
Tra
de J
ourn
alM
ills
M W
Tue
sday
5050
Man
ufac
ture
rs p
rice
to p
ublis
hers
4.44
Pap
erW
rapp
ing,
Man
ila, N
ew Y
ork
Jour
nal o
fR
ange
of
pric
e on
No.
1 ju
teC
omm
erce
and
Cor
n-N
ew Y
ork
M W
Tue
sday
5050
mer
cial
Bul
letin
(Wed
nesd
ayE
ditio
n)44
5 W
ood
pulp
Suip
hite
,do
mes
tic,
Ran
ge o
f pr
ice
onun
blea
ched
, new
s Pa
per
Tra
de J
ourn
alM
ills
M W
Tue
sday
50gr
ade
Pric
eto
man
ufac
-tu
rers
of
pape
r44
7 H
emp
Man
ila, f
air,
cur
rent
New
Yor
k Jo
urna
l of
Ran
ge o
f pr
ice
onsh
ipm
ent
Com
mer
ce a
nd C
orn-
New
Yor
kM
WT
uesd
ayS
mer
cial
Bul
letin
Impo
rter
s' p
rice
to(W
edne
sday
man
ufac
ture
r5
Edi
tion)
448
Jute
Raw
, shi
pmen
t,Im
port
ers'
pri
ce to
zm
ediu
mgr
ades
Impo
rter
sN
ew Y
ork
F M
man
ufac
ture
r3
344
9 Pa
raff
inL
ubri
catin
g oi
l; 90
3 O
il, P
aint
and
Dru
gL
ow p
rice
on
Satu
r-sp
ecif
ic g
ravi
tyR
epor
ter
New
Yor
kM
Wda
y60
kP
rodu
cers
'pr
ice
toco
nsum
er45
0 R
ope
Man
ila,
b&se
size
Pric
e on
Thu
rsda
y to
and
larg
er,f
irst
gra
deH
ardw
are
Age
New
Yor
kM
Wjo
bber
s10
103
stra
nds
451
Rub
ber
Pam
isla
nd, f
ine
N.
Y.
Jour
nal
ofR
ange
of
pric
e on
Com
mer
ce a
nd C
orn-
doM
WT
uesd
ay80
80m
erci
al B
ulle
tinIm
port
er to
jobb
er(W
edne
sday
man
ufac
ture
rE
ditio
n)45
2 Si
sal
Mex
ican
, cur
rent
ship
men
tdo
doM
Wdo
545
3 So
apL
aund
ry, p
rice
per
Pric
e to
who
lesa
ler
box
of10
0 ba
rs (
75M
anuf
actu
rer
Fact
ory
M D
of jo
bber
30lb
s.)
TA
BL
E I
(Con
clud
ed)
DE
SCR
IPT
ION
S O
F W
HO
LE
SAL
E P
RIc
E Q
UO
TA
TIO
NS.
(1)
(2)
Ref
.C
omm
odity
No.
(3)
Des
crip
tion
(4)
Sour
ce o
f pr
ice
quot
atio
n
(5)
Mar
ket
(6)
Den
vatio
nof
pub
lishe
dfi
gure
(7)
Nat
ure
of p
rice
(or
type
of
tran
sact
ion)
•
(8)
(9)
Wei
ghts
use
d in
the
cons
truc
tion
ofin
dex
num
-be
rs a
nd o
ther
mea
sure
s ——
—18
90—
19J3
or19
13—
1902
—19
2619
13
454
Soap
455
Star
ch
456
Tob
acco
457
Tob
acco
Lau
ndry
, ave
rage
pric
e pe
r bo
x of
100
11 o
z. c
akes
Lau
ndry
, 50
lb. b
ox-
es b
ulk
Plug
, 15
oz. t
o th
epl
ugSm
okin
ggr
anul
at-
ed,
1 1/
8 oz
. bag
s,B
lack
wel
l's B
ull
Dur
ham
Man
ufac
ture
r
Jobb
ers
Man
ufac
ture
rs
Jobb
ers
Fact
ory
New
Yor
k
do do
M D
F M
M D
M D
Pric
e to
who
lesa
ler
or jo
bber
Pric
e to
ret
aile
rs a
ndsm
all j
obbe
rs a
t New
Yor
kPr
ice
to jo
bber
Pric
e to
ret
aile
rs
.
20 30 80
20 20 30 80
k
485
TABLE II
MEASURES OF MONTHLY VARIABILITY OF PRIciiS, AT WHOLESALE,
(Mean deviation as percentage of mean annual price)
A Farm producis
Corn Oats Wheat Cattle, Hogs, Cotton Potatoes Wool(2) (4) (6) steers light (25) (31) (56)
(crop (crop (crop (13) (16) (crop (crop-_years)2 years)2 years)2 years)2 years)2
1890 8.7 10.2 4.7 2.6 5.7 7.8 10.4.81891 11.4 5.2 5.7 4.3 13.9 6.3 6.2 3.31892 2.7 3.6 3.2 5.3 10.2 8.9 9.7 1.41893 15.6 12.1 4.0 3.8 10.5 4.1 10.7 10.3
1894 11.6 3.6 9.3 9.4 6.9 8.9 10.0 6,31895 7.9 4.7 5.0 6.3 9.8 4.9 10.1 4.01896 6.8 3.9 9.1 6.0 7.5 4.5 4.4 4.81897 7.3 12.1 13.0 1.4 6.5 6.2 10.8 12.1
1898 3.5 7.1 4.2 2.3 4.2 5.0 20.0 1.61899 9.2 2.7 4.2. 7.4 7.4 14.2 13.3 8.51900 13.9 10.5 2.2 2.7 4.8 8.6 16.2 9.31901 4.1 8.4 3.2 3.6 4.9 5.4 5.7 .9
1902 7.0 6.3 2.5 7.1 7.0 12.2 11.4 4.91903 6.3 6.1 8.0 2.6 10.5 11.1 28.1 3.81904 7.7 3.1 4.7 6.0 7.2 14.3 14.0 101905 6.2 8.0 4.0 2.8 6.4 3.8 11.6 2.21906 12.5 13.0 7.6 5.4 3.7 6.8 11.6 1.1
1907 10.5 3.7 3.2 4.2 7.4 4.9 9.5 1.8
1908 6.7 6.8 12.1 6.0 10.8 8.6 18.2 2.01909 5.6 6.2 4.6 7.0 8.1 4.9 18.2 1.2
1910 13.7 8.8 5.4 5.3 7.0 3.9 13.9 2.81911 5.9 7.7 4.7 10.1 8.0 9.5 21.5 3.81912 13.1 7.5 2.0 8.8 7.8 3.4 4.0 2.11913 5.9 2.2 4.1 1.5 5.4 2.8 5.3 5.31914 5.0 8.4 14.7 4.7 5.4 10.8 9.3 4.31915 7.8 8.4 6.9 5.5 6.1 5.7 25.8 2.71916 27.7 14.0 18.7 6.4 5.3 13.9 28.3 5.91917 5.8 12.2 4.8 9.7 10.7 8.2 17.3 16.51918 11.8 5.1 4.3 11.1 4.7 8.0 9.3 .6
1919 11.4 13.8 9.6 5.0 13.2 7.2 35.2 9.31920 10.8 16.5 19.3 7.5 8.7 33.5 29.0 24.61921 9.2 4.0 4.5 5.8 11.2 9.0 9.2 4.41922 8.6 6.1 3.6 12.2 8.5 9.1 17.2 7.91923 16.3 7.5 4.2 5.7 7.1 7.5 14.3 4.81924 8.6 6.9 9.2 3.5 14.1 3.6 13.2 6.71925 4.3 1.9 4.5 12.4 7.9 6.7 17.4 10.31926 3.3 5.9 3.9
iThe commodities included in this and the following tables, except where otherwise noted, are thosefor which prices have been compiled by the United States Bureau of Labor Statistics. Full descriptionsof the price quotations employed are given in Table I. The commodities have been numbered to facili-tate cross-reference.
lEach crop year measure relates to the period beginning in the year opposite which the entryappears. See page 41 for a statement concerning the crop years.
486 APPENDIX
TABLE II (Cont.)
MEAStrRBS oi" MONThLY VARIABILITY P1UcES,1890-1926
(Mean deviation as percentage of mean annual price)
B Minerals and mineral
Year Anthra- Bitu- Coke Petro- Pig Copper, Lead, Tin,cite minous (239) leum, iron ingot pig pigcoal coal crude (259) (293) (296) (300)(233) (237)
_____—
(247)
1890 — 1.4 7.5 5.4 — 9.5 3.1 7.0 9.8 2.81891 1.5 7.9 1.7 8.4 .2 6.9 2.4 .91892 11.6 .0 3.4 5.0 4.5 4.4 3.3 2.31893 3.5 2.6 18.3 9.8 2.4 6.4 5.7 3.21894 6.8 7.9 12,7 3.1 1.8 3.2 3.1 11.41895 5.5 3.2 12.0 15.8 7.5 8.3 3.7 2.31896 6.8 8.3 .0 8.3 2.5 3.6 3.9 1.71897 2.2 6.0 8.2 12.1 2.5 2.6 9.7 1.51898 2.5 6.2 3.6 16.9 1.7 3.4 3.7 7.91899 4.1 1.8 17.9 12.9 19.9 5.6 3.3 11.41900 6.6 12.5 23.6 14.9 15.9 1.8 5.1 5.71901 3.4 4.2 4.1 5.4 1.3 1.2 .0 4.01902 6.2 46.1 20.7 6.1 10,8 2.7 .6 6.21903 3.3 26.5 27.6 6.2 13.6 5.9 3.6 4.71904 3.4 11.9 8.5 5.5 3.2 3.9 3.1 2.81905 3.4 .0 16.4 6.9 2.3 4.8 6.2 5.31906 2.5 3.2 11.4 1.5 11.4 7.0 3.9 5.21907 3..2 4.6 11.9 4.0 12.1 19.3 12.1 9.71908 3.3 3.0 9.6 .0 3.3 3.5 6.7 3.91909 3.3 2.1 20.4 6.0 5.1 2.4 2.6 2.81910 3.3 1.5 16.2 3.3 5.8 3.0 2.4 5.11911 2.8 1.1 5.1 .0 1.6 1.8 1.1 4.31912 2.2 1.8 17.8 5.3 6.8 7.6 6.0 4.51913 3.0 4.0 13.9 3.4 5.8 4.4 2.5 8,61914 2.8 2.7 6.0 20.9 1.6 7.8 2.9 8.01915 2.6 2.7 12.1 1.1 10,1 10.4 11.4 17,51916 2.0 27.7 25.6 4.8 13.2 6.4 8.3 8.61917 4.5 20.4 21.7 6.2 18.2 12.6 16.5 11.41918 6.2 4.9 .0 1.1 1.4 4.9 6.8 7.41919 2.2 6.3 14.3 4.2 8.1 12.6 9.9 11.21920 7.8 17.5 32.6 3.7 8.0 8.5 12.0 17.11921 1.4 8.5 22.1 22.9 13.7 3,0 4.6 7.61922 .3 24.7 38.1 4.7 15.7 3.1 12.3 6.01923 3.2 15.7 22.3 16.5 9.6 8.2 7.5 5.91924 1.5 4.7 12.3 14.7 5.5 3.4 7.5 6.81925 2.2 3.9 25.0 6.1 6.6 2.9 7.3 4.61926 .0 10.4 30.7 4.2 4.0 1.4 5.3 4.4
APPENDIX 487
TABLE II (Conc.)
MEAS1:mzs OF MONTHLY COMMODITY AT WHOLESALE,1890-1926
(Mean deviation as percentage of mean annual price)
C Fabricated goods
Year Men's Print Suiting Nails, Steel Steel Lead Leathershoes cloths wire billets rails pipe(166) (195) (210) (269) (276) (280) (297) (441)
1890 .0 2.6 — .0 7.3 7.5 —- 5.6 10.5 1.91891 .0 1.6 .0 4.1 1.8 .5 2.4 1.31892 .0 7.2 .0 2.0 2.8 .0 .6 .91893 .0 12.5 2.6 3.6 8.5 4.7 .0 .81894 .0 2.7 .0 3.4 6.3 .0 5.3 4.31895 .0 7.5 1.3 27.5 15.8 10.0 .0 10.81896 .0 3.5 .0 9.8 5.3 .0. 4.1 1.81897 .0 3.5 .0 3.7 4.9 6.7 7.8 3.51898 3.4 4.0 .0 4.5 2.3 1.3 4.3 1.21899 .0 4.3 .0 17.7 22.8 16.0 1.7 3.31900 .0 5.9 .0 16.9 25.5 10.8 7.8 4.91901 .0 7.4 4.6 2.2 6.8 3.2 5.8 4.31902 .0 4.4 1.3 2.9 4.2 .0 .6 1.5
'1903 .0 2.2 .0 1.8 7.2 .0 3.5 3.11904 .0 10.9 .5 6.1 4.9 .0 3.1 2.41905 1.5 13.0 2.0 .4 4.6 .0 5.6 1.71906 4.6 4.4 .0 1.2 3.1 .0 2.7 1.21907 .0 7.4 .0 1.1 2.1 .0 19.0 2.21908 .0 6.8 .0 2.4 5.3 .0 5.5 1.11909 1.2 5.7 .0 4.6 5.6 .0 2.7 1.51910 .8 4.8 2.9 3.8 5.6 .0 3.7 4.41911 .0 5.4 .5 3.5 6.0 .0 .4 .41912 1.4 6.5 2.9 3.2 10.5 .0 5.4 1.81913 .6 3.6 2.6 3.8 9.1 .0 3.0 2.11914 1.3 9.9 1.5 1.5 3.1 .0 1.3 1.21915 .2 6.4 1.7 5,4 12.4 .0 13.6 4.31916 5.7 14.4 6.7 6.3 10.4 8.9 7.5 8.61917 .0 14.5 14.5 8,6 21.4 .0 15.2 .71918 11.4 8.1 3.7 .0 1.0 3.1 4.8 2.51919 12.9 20.9 3.2 5.1 .5.9 7.2 6.1 8.91920 6.2 26.7 7.7 5.2 8.7 2.1 7.6 8.01921 1.8 14.2 2.9 4.9 14.0 3.2 6.9 3.51922 1.6 7.8 6.4 4.4 10.8 2.5 12.8 1.61923 1.8 6.8 2.5 2.8 4.6 .0 3.6 6.61924 .0 3.1 1.1 2.8 3.8 .0 4.8 3.01925 .2 3.2 2.2 2.9 2.2 .0 4.8 4.21926 .0 6.1 3.7 .0 .0 .0 3.6 3.7
488 APPENDIX
TABLE IIIVARIABILITY
1890-1926
(Mean deviation as percentage of mean annual value)
the yields onStandard Trade and Securities Service.10 railroad bonds have been used.
or MONTHLY or Six ECONOMIC
Pig ironproduction
Year
1890189118921893189418951896189718981899190019011902190319041905190619071908190919101911191219131914191519161917191819191920192119221923192419251926
Yield onfifteenrailroadbonds1
1.7.8.5
2.5.7
2.01.91.21.51.0
.7
.61.01.61.32.41.03.42.4
.6
.7
.3
.81.71.91.5
.84.92.02.73.12.91.8.8
1.8.8.7
AmericanTel. and
Tel. indexof generalbusiness
2.85.71.7
12.04.95.15.34.71.82.95.01.51.24.52.32.41.75.62.94.93.1
.61.72.35.97.51.72.23.05.15.24.06.23.46.82.7
.8
Index ofindustrial
stockprices
(Dow-Jones2)
5.52.92.9
18.24.27.77.8
10.05.94.66.34.41.7
13.411.65.52.1
12.910.15.75.23.03.42.63.2
17.14.68.82.59.58.04.75.55.05.8.8.74.8
Discountrate on
60-40 daycommercial
paper
12.25.4
16.625.25.8
15.621.47.1
17.019.97.79.0
11.86.68.2
12.88.6
10.015.815.07.96.9
15.85.1
20.37.17.7
10.51.42.18.6
13.06.82.6
15.35.63.7
2.114.36.2
29.822.111.117.39.83.76.3
12.04.52.7
12.712.85.84.49,6
14.614.49.96.16.1
• 6.49.2
18.42.64.88.8
• 12.84.7
25.616.48.6
18.18.23.2
Interestrate on
call loans
27.721.150.945.27.7
33.942.823.423.240.541.227.533.036.229.960.941.663.733.136.219.514.636.319.148. 14.4
21.426.29.4
22.76.8
11.87.53.2
28.29.25.8.
2See the note to Table 5 concerning the source of price index.
For the period prior to 1900 figures for
APPENDIX 489
TABLE IV
MEASUHES OF MONTHLY VARIABILITY OF PRIcES, AT WHOLESALE,1890-1925
Calendar Year MeasuresAverages, by Periods
(Commodities arranged within each group incolumn
order of magnitude of the measures in9)
(2)Commodity
(3)1890—1897
(4)1898—1905
(5)1906—1913
(6)1914—1921
(9)1890—
5
ing1914—1921
5356591413
637223415162542
51
24
19174744315149
104106111148112161141116152113
64150
68145
5555.5.7.7.7.8.7.7.9.9.9.9.
10.10.11.13.12.20.22.26.29.
Farm productsRiceWool: fine clothingWool: mediumCattle: good to choiceCattle: choice to primeWheatHayBeansFlaxseedHogs: heavyHogs: lightCottonHidesRyeBarleyCornOatsSheep: wethersSheep: ewesMilkflopsEggsPotatoesOnions
FoodsBread: CincinnatiBread: New YorkCrackers: oysterStarch: cornCrackers: sodaVinegarMolassesSalmonTeaCodBeef: freshSugar: granulatedBeef: saltPepper
(7)1922—1925
4.27.48.16.78.47.06.89.46.79.19.48.5
12.015.16.1
11.68.7
10.814.48.5
25.823.928.032.9
.51.0.6.6.6
4.25.55.01.04.54.98.15.9
10.8
3.35.45.75.04.97.37.17.68.59.28.97.5
10.611.211.312.012. 111.612.914.619.223.029.028.4
.01.81.12.22.72.44.13.34.74.33.46.64.66.6
4.44.04.34.14.37.25.46.48.66.56.68.76.06.16.37.0
10.111.711.512.914.122.026.025.8
.5
.52.52.42.42.52.63.73.75.14.24.46.23.1
3.22.53.05.16.05.78.66.66.47.17.37.87.75.7
10.711.211.711.512.112.423.224.023.628.8
.5
.3
.23.61.61.82,33.85.44.46.24.9
9.88.57.35.97.0
11.09.19.5
10.07.78.2
14.810.513.713.410.210.411.915. 113.524.520.525.932.9
5.05.26.34.26.3
13.95.86.35.03.75.8
10.410.47.0
3.74.34.95.05.66.87.07.27.77.87.88.18.78.79.0
10.310.911.512.512.619.823. 126.428.4
.3
.81.21.51.63.03.13.23.24.45.05.65.75,7
1
12225.3.334.5.6.66.
490 APPENDIX
TABLE IV (Cont.)
(1) (2) (3) (4) (5) (6) (7) (8) (9)Ref. Commodity 1890— 1898— 1906— 1914— 1922— 1890— 1890—No. 1897 1905 1913 1921 1925 1925 1925
inclu- a-sive dud-
ing1914—1921
Foods (cont.)146 Salt . 6.4 8.3 4.8 4.0 2.5 5.5 3.9131 Raisins 7.9 6.2 3.6 7.7 7.3 6.5 6.1120 Flour: wheat, standard patents1 3.6 6.3 4.4 11.5 6.9 6.6 5.6119 Flour: wheat, winter straights 6.2 5.8 6.1 10.8 7.0 7.2 6.269 Earns 6.3 5.3 6.7 7.4 7.2 6.5 6,3
114 Eerring2 11.8 6.5 2.6 6.4 .6 6.3 6.3138 Lard 7.8 5.4 5.6 8.6 7.0 6.9 6.4109 Coffee 7.0 6.1 6.2 12.7 8.4 8.1 6.7140 Meal: corn, yellow table 7.7 5.1 5.9 11.1 10.2 7.8 6.8139 Meal: corn, fine white 7.5 5.2 5.7 13.5 11.3 8.3 6.9
74 Pork: cured, salt mess 8.0 6.1 6.9 9.0 6.2 7.3 6.9158 Cottonseedoil 6.2 6.8 8.8 10.8 6.2 7.9 7.1149 Sugar: raw 8.5 5.1 6.8 12.4 9.2 8.3 7.1117 Flour: rye 8.4 4.3 5.8 12.2 14.1 8.4 7.376 Pork: cured, short clear sides 8.3 6.2 7.3 8.2 10.1 7.8 7.775 Pork: cured, rough sides 8.5 6.4 7.5 8.2 10.1 7.9 7.8
129 Currants 13.4 11.1 4.5 11.8 3.5 9.5 8.8115 Mackerel 8.8 10.1 8.2 9.2 7.6 8.9 8.8130 Prunes 11.6 5.7 10.4 8.3 7.9 8.9 9.099 Cheese 11.2 10.6 7.4 7.9 7.5 9.1 9.490 Butter: creamery firsts, N. Y. 10.8 9.7 9.1 8.6 8.8 9.5 9.771 Mutton 9.2 10.1 10.4 11.9 8.6 10.2 9.789 Butter: creamery extra, N.Y. 13.6 10.9 9.6 8.9 9.5 10.6 11.195 Butter: creamery extra, St. Louis 13.7 11.0 9.6 9.0 9.7 10.7 11.2
128 Apples 16.7 10.3 9.8 11.4 6.4 11.4 11.4Cloths and clothing
213 Underwear: shirts and drawers .0 .0 0 2.3 .5 .6 .1214 Underwear: union suits3 .0 .0 0 9.4 1.6 2.1 .2174 Men'sshoes: vici kid .0 .6 1 0 5.3 .5 1.6 .5223 Linenshoethread .7 .3 0 3.5 2.0 1.2 .6166 Men's shoes: black calf .0 .6 11 4.9 .9 1.6 .6199 Cotton thread .3 .0 1 6 6.4 2.3 2.1 .9218 Poplarcloth .6 1.6 .6 5.1 1.2 1.9 1.0177 Women'sshoes .6 1.3 1.6 7.0 .3 2.4 1.0210 Suiting: Middlesex .3 1.1 1.1 5.2 3.0 2.1 1.2219 Siciliancloth .2 1.5 2.6 5.7 1.6 2.4 1.4184 Flannel: unbleached .0 3.1 1.9 10.2 2.2 3.6 1.8173 Men'sshoes: chocolate elk 1.4 1.8 3.1 3.8 .7 2.3 1.9216 Frenchserge 2.2 2.0 2.1 6.0 1.2 2.9 2.0183 flannel: colored .0 3.6 2.4 8.9 2.3 3.6 2.0206 Flannels: white 2.9 2.1 1.0 3.5 2.5 2.4 2.1193 Muslin: Wamsutta 1.3 3.0 3.5 7.4 1.2 3.5 2.4215 Broadcloth3 3.3 3.0 1.1 5.8 2.8 3.2217 Stormserge 2.9 3.0 2.1 8.6 2.1 3.9192 Muslin: RoughRider 1.5 1.7 3.8 11.6 5.3 4.7 2.i186 Ginghams: Lancaster 3.2 2.0 3.9 5.7 2.0 3.5185 Ginghams: Amoskeag 2.1 2.7 4.4 7.5 2.5 4.0 S.C181 Driflings: Pepperell 3.4 3.6 1.1 9.1 5.4 4.4 3..i
APPENDIX 491
TABLE IV (Cont.)
(1) (2) (3) (4) (5) (6) (7) (8 (9)Ref. Commodity 1890— 1898- 1906— 1914— 1922— 1890— 1890—No. 1897 1905 1913 1921 1925 1925 1925
inclu- ex-sive elud-
ing1914—1921
Cloths and clothing (cont.)196 Sheetings: 4-4 Indian Head 2.7 2.6 2.8 9. 1 5.9 4.5 3.1179 Calico 2.5 2.8 4,9 11.4 2.4 5.1 3.2180 Denims 1.8 4.0 3.4 7.0 4.4 4.1 3.3221 Worsted yarns: 2-40's 4.6 3.4 1.6 9.1 3.8 4.6 3.3182 Drillings: Mass.D 3.6 3.2 2.7 11.9 4.7 5.3 3.4197 Sheetings: 4-4 Pepperell R 3.3 4.2 3.1 11.0 4.4 5.3 3.6191 Muslin: Lonsdale 3.4 4.5 4.5 9.7 2.9 5.2 4.0198 Sheetings: 4-4 Ware Shoals4 4.3 3.0 4. 1 13.5 4.8 6.1 4.0190 Muslin: Fruit of the Loom 3.5 4.3 5.0 9.1 2.7 5.2 4.0220 Worsted yarns: 2-32's 4.4 3.8 3.8 8.0 5.0 5.0 4.1228 Silk: raw, Japanese, extra-extra 5. 1 4.4 3.8 12.3 6.5 6.4 4. 7203 Cotton yarns: carded, cones 22/15 3.8 5.6 4.4 12.7 5.3 6.7 4.8226 Silk: raw, Japanese, Kansai, No. 1 5.5 4.8 4.4 14.1 7.3 7.2 5.2202 Cottonyarns:carded,coneslo/15 4.3 6.1 5.1 13.7 5.9 7.4 5.4195 Print cloths 5.1 6.5 5.6 14.4 5.2 7.6 5.7
Fuel and lighting244 Matches .4 .9 .0 1.2 1.9 .8 .7232 Anthracite coal: broken 1.1 1.9 .3 3.7 1.7 1.8 1.2249 Petroleum: refined 1500 fire test6 2. 7 3.3 2.0 4. 1 3.2 3.0 2. 7
234 Anthracite coal: egg 4.1 4.0 3.0 3.9 1.7 3.5 3.4235 Anthracite coal: stove 4.9 4.1 2.9 3.9 1.8 3.7 3.6233 Anthracite coal: chestnut 4.9 4.1 3.0 3.7 1.8 3.7 3.7248 Petroleum: refined for export 3. 7 5.9 1.8 5.3 3. 1 4.0 3. 7
236 Bituminous coal: Kanawha 5.7 5.4 2.1 9.4 9.2 6.0 5.0238 Bituminous coal: Pocahontas 2.3 9.9 2.1 9.1 10.1 6.4 5.6247 Petroleum: crude 9.0 9.4 2.9 8.1 10.5 7.7 7.6237 Bituminous coal: New River 5.4 13.7 2.7 11.4 12.2 8.7 8.0239 Coke 7.7 15.3 13.3 16.8 24.4 14.5 13.9
Metals and metal products287 Trowels .0 .0 .0 4.2 .1 1.0 .0
272 Saws: crosscut .0 .0 .0 3.5 .9 .9 .1
273 Saws: hand .0 .0 .0 4.3 .9 1.1 .1
271 Planes .3 .5 1.4 3.6 .0 1.3 .6
255 Hammers .2 1.0 .0 3.0 3.2 1.3 .8
274 Shovels .3 1.0 .4 4.0 2.9 1.6 .9
250 Augers 1.4 1.7 1.1 .5.2 .0 2.1 1.2
254 Files 1.1 1.7 .4 4.3 2.0 1.9 1.2
252 Chisels .7 2.3 2.5 3.7 .0 2.1 1.6251 Butts 2.6 1.5 .9 3.7 2.9 2.3 1.9280 Steel rails 3.4 3.9 .0 3.1 .6 2.4 2.2288 Vises 2.0 3.2 1.4 5.6 3,2 3.1 2.4258 Locks 1.4 3.2 1.8 6.0 4.0 3.2 2.4253 Doorknobs 2.1 3.2 1.5 6.6 4.6 3.5 2.6299 Silver 3.7 3.0 2.7 7.4 2.5 4.0 3.0298 Quicksilver 3.3 2.2 3.2 17.5 7.0 6.6. 3.5301 Zinc: sheet 3.4 3.8 3.4 9.6 4.1 4.9 3.6294 Copper: sheet 5.3 2.2 5.2 7.1 3.6 4.8 4.1291 Woodscrews 5.8 4.1 1.5 8.1 7.8 5.2 4.4
492 APPENDIX
TABLE IV (Cont.)
(1) (2) (3) (4) (5) (6) (7) (8) (9)Ref. Commodity 1890— 1898— 1906— 1914— 1922— 1890— 1890—No. 1897 1905 1913 1921 1925 1925 1925
inclu- ex-sive dud-
ing1914—1921
Metal.c and metal products (cont.)295 Copper: wire 4.6 4.1 5.4 7.7 3.7 5.2 4.5297 Lead: pipe 3.8 4.1 5.3 7.9 6.5 5.4 4.7289 Wire: fence 5.2 6.0 3.5 4.9 3.5 4.8 4.7266 Bar iron: from store, Phila. 4. 1 6.6 4.0 9.6 4.8 5.9 4.9293 Copper: ingot 5.3 3. 7 6.1 8.3 4.4 5. 7 4.9296 Lead: pig 5.2 3.2 4.7 9.1 8.7 5.9 5.0300 Tin: pig 3.3 6.0 5.5 11.1 5.8 6.4 5.1269 Nails:wire 7.7 6.6 3.0 4.6 3.2 5.2 5.4267 Bar iron: from mill, Pittsburgh 4. 1 8.3 5.8 12.2 4.3 7.2 5.8302 Zinc: slab 4.5 6.4 6.0 12.2 8.1 7.3 6.0259 Pigiron: basic 3.1 8.6 6.5276 Steelbillets 6.6 9.8 5.9 9.6 5,4 7,7 7.2261 Pig iron: foundry No. 2, Northern 4.9 10.2 6.7 8.5 9.0 7.7 7.5260 Pig iron: Bessemer 6.7 10.8 5.5 8.2 8.5 7.9 7.8263 Pig iron: foundry No. 2, Southern 6.2 11.1 6.8 7.6 8.3 8.0 8.1
Building materials308 Maple: N.Y. .0 2.0 2.1 5.3 2,5 2.4 1.5353 Zinc: oxideof 2.2 1.3 .9 4.9 3.7 2.4 1.8319 Poplar: N.Y. .7 3.1 1.6 5.3 1.6 2.6 1.8312 Oak: white quartered, N. Y. 1.3 4.2 .6 6.6 . 7 2.9 1.8323 Shingles: cypress .2 1 .8 3.5 4.5 2.5 2.5 .0310 Oak: white plain, N. Y. .6 2.7 2.9 6.0 1.9 2.9 2.0313 Pine: white boards 1.4 3.2 1.3 3.7 3.1 2.5 2.1334 Lead: carbonate of 1.9 2.7 1.8 4.6 2.7 2.7 2.2317 Pine: yellow siding 2.0 3.7 2.2 8.9 4.4 4.2 2.8321 Spruce 3.1 4.2 2.8 4.7 3.6 3.7 3.4349 Putty 1.3 10.0 .2 3.8 1.3 3.5 3.4324 Shingles: red cedar 1.0 1.7 6.4 10.7 7.8 5.3 3.7338 Lime 6.3 4.2 1.8 7.1 1.5 4.5 3.7335 Doors 3.3 7.4 3.7 6.4 6.3 5.3 5.0345 Glass: window,B 6.8 7.7 5.4 5.9 3.3 6.1 6.2344 Glass: window,A 6.6 7.7 5.1 5.4 5.1 6.1 6.3348 Linseedoil 7.9 8.3 5.5 9.8 5.9 7.7 7.1327 Brick 6.5 6.3 9.5 8.9 8.2 7.9 7.5
350 Rosin 6.7 5.9 8.8 15.0 11.7 9.4 7.8352 Tar2 9.9 7.7 8.2 10.1 5.2 8.6 8.2353 Turpentine: spirits of 5.1 7.8 11.7 14.6 12.9 10.1 8.9
Chemicals and drugs363 Alum 2.4 .5 .0 10.1 .7 3.0 .9
393 Alcohol: grain 2.2 1.2 .8 4.5 .3 2.0 1.3360 Acid: sulphuric 5.2 3.0 .5 12.1 2.8 4.9 2.9357 Acid: muriatic 5.9 3.2 .2 10.4 2.7 4.7 3.0381 Sulphur 6.3 2.8 .8 7.8 1.7 4.1 3.1377 Soda: bicarbonate of 6. 1 3.8 1. 1 7.2 2.7 4.3 3.5396 Glycerine 2.8 2.7 6.1 13.1 6.2 6.2 4.2382 Tallow 5.1 5.3 4.4 10.9 7.0 6.5 5.2362 Alcohol: wood 6.5 4.8 1.6 10.4 12.8 6.6 5.5
APPENDIX 493
TABLE IV (Conc.)
(1) (2) (3) (4) (5) (6) (7) (8) (9)Ref. Commodity 1890— 1898— 1906— 1914— 1922— 1890— 1890No. 1897 1905 1913 1921 1925 1925 1925
inclu- ex-sive elud-
ing1914—1921
Chemicals and drugs (conL)400 Quinine 7.3 7.8 4.8 8.7 2.2 6.6 6.0397 Opium 8.1 4.6 11.2 15.7 7.0 9.6 7.8
Houee-furnishings428 Plates 1.1 .4 .1 3.8 .0 1.7 .5
429 Teacupsandsaucers 1.2 .3 .2 5.9 .0 1.7 .5
419 Carpets: Wilton .4 .4 1.1 6.3 1.8 2.0 .8
418 Carpets: Brussels .9 .3 1 .0 6.4 1 .8 2. 1 .9
426 Pitchers .0 .0 3.0 1.2 .9 1.7 1.0414 Kitchentables .0 .6 1.2 5.5 3.7 2.0 1.0406 Bedroomsets .0 .6 1.4 7.9 3.3 2.6 1.0425 Nappies .0 .0 1.9 4.2 3.9 1.8 1.1405 Bedroomchairs .0 1.7 1.2 5.6 2.1 2.1 1.1
427 Tumblers .0 .3 2.6 4.9 2.6 2.0 1.2412 Kitchenchairs .0 1.8 1.8 5.9 1.8 2.3 1.3424 Sheeting: 10-4Wamsutta 1.6 1.5 3.4 6.6 .6 3.0 1.9417 Carpets: Axininster 1.7 2.5 1.2 6.1 3.2 2.9 2.0430 Tickings: Amoskeag 2.2 3.9 3.7 9.1 3.7 4.6 3.1423 Sheeting: 10-4 Pepperell 4.6 4.2 4.2 8.1 4.1 5.2 4.3
Miscellaneous457 Tobacco: smoking .0 1.2 .2 2.1 .7 .8 .5456 Tobacco: plus 1.8 2.0 .2 2.8 .0 1.5 1.2
444 Paper: wrapping, Manila 1.2 4.4 1.2 8.3 5.3 3.9 2.7440 Leather: soleoak 4.5 2.2 1.8 5.6 1.9 3.4 2.7441 Leather: sole oak, scoured backs 3.2 2.8 1.8 4.7 3.9 3.2 2.8438 Leather: harness oak 4.1 3.3 1.7 5.2 2.5 3.5 3.0436 Leather: calf .5.3 1.7 2.2 11.4 2.7 4.9 3.0443 Paper: newsprint 2.7 4.6 4.5 5.8 1.4 4.0 3.6433 Cottonseedmeal 3.9 2.7 3.4 8.4 3.6 4.7 3.7455 Starch: laundry 4.9 4.0 4.4 6.5 1.2 4.5 4.0450 Rope .5.0 9.1 5.1 5.6 3.3 6.1 6.3
448 Jute 8.1 5.0 8.8 10.2 14.0 8.7 8.2451 Rubber .5.3 3.9 10.9 iOi 17.7 8.7 8.3
'Prices for 1918 missing (no
tPrices for 1925 mIssing.
3Prices for 1919 missing (no quotations).
4Prices for 1901 missing (no sales during year).
5Prices for 1890. 1891. 1892 missing (records destroyed).
6Prices for 1924, 1925 missing.
494 APPENDIX
TABLE V
MEASURES OF MONThLY VARIABILITY OF COMMODITY PRICES, AT WHOLESALE1890-1925
Crop Year MeasuresAverages, by Periods
(1) (2) (3) (4) (5) (6) (7) (8) (9)
Ref. 1890— 1898— 1905— 1913— 1921— 1890— 1890—No. Commodity 91 to 99 to 06 to 14 to 22 to .91 to 91 to
1897— 1904— 1912— 1920— 1924— 1924— 1924—98 05 13 21 25 25, in- 25, ex-
clusive cluding1913—11
to1920—21
1 Barley 5.9 4.5 8.3 10.5 5.3 7.1 6.22 Con 9.0 7.4 9.3 10.8 10.7 9.3 8.94 Oats 6.9 6.3 7.7 10.1 6.1 7.6 6.95 Rye 8.1 5.3 5.5 10.7 9.4 7.7 6.86 Wheat 6.8 4.2 5.5 10.3 5.4 6.6 5.522 Beans 7.3 6.7 5.4 9.1 10.9 7.6 7.125 Cotton 6.5 10.1 5.7 11.3 7.3 8.2 7.331 Eggs 22.6 22.2 23.1 21.9 24.9 22.7 23.031 Flaxseed 6.5 8.8 6.4 10.7 8.3 8.1 7.337 Hay 5.8 5.2 8.0 10.9 4.4 7.2 6.141 Hops 14.3 11.6 17.0 26.1 12.5 16.8 14.149 Onions 22.1 24.5 23.9 29.0 30.0 25.5 24.451 Potatoes 9.0 15.5 13.6 20.0 13.5 14.4 12.753 Rice 4.1 3.3 3.1 9.2 6.2 5.1 3.9117 Flour: rye 8.9 5.1 4.3 11.2 8.3 7.5 6.3119 Flour: wheat, winter
straights 6.0 4.3 6.3 10.1 5.1 6.6 5.5120 Flour: wheat, standard
patents 4.5 3.4 4.8 9.9 5.2 5.7 1.4
128 Apples 15.8 9.1 13.6 15.4 12.5 13.3 12.9158 Cottonseednil 8.4 7.7 10.1 10.8 8.0 9.1 8.6
APPENDIX 495
TABLE VI
OP MONTHLY VARIABILITY OF THE PRIcES OF FARM PRODUCTS ANDFOODS, AT WHOLESALE
Averages for the Period 1890-1925 (excluding
(Commodities arranged within each group in order of magnitude of the measures of pricevariability)
(1) (2) (3)Ref. Commodity Measure ofNo. price
variability
Farm53 Rice 3.9 ( 3.7)56 Wool: fine clothing 4.459 Wool: medium 4.914 Cattle: good to choice 5.06 Wheat 5.5 ( 6.8)
13 Cattle: choice to prime 5.637 Hay 6.1 7.0)
1 Barley 6.1 9.0)5 Rye 6.8 8.7)4 Oats 6.9 (14.0)
22 Beans 7.1 7.2)
25 Cotton 7.3 8.1)
34 Flaxseed 73 7.7)15 Hogs: heavy 7.816 Hogs: light 7.942 8.72 Corn 8.9 (10.3)
19 Sheep: wethers 11.517 Sheep: ewes 12.5
47 Milk. 12.651 Potatoes 12.7 (26.4)
44 Hops 14.1 (19.8)
31 Eggs 23.0 (23.1)
49 Omons 24.4 (28.4)
Foods104 Bread: Cincinnati .3
106 Bread: N. Y. .8
111 Crackers: oyster 1.2
148 Starch: corn 1.5112 Crackers: soda 1.6161 Vinegar 3.0141 Molasses 3.1116 Salmon 3.2152 Tea 3.2113 Cod120 Flour: wheat, standard patents 4.4 ( 6.2)64 Beef: fresh 5.0
119 Flour: wheat winter straights 5.5 ( 6.2)150 Sugar: granulated 5.668 Beef: salt 5.7145 Pepper 5.7146 Salt 5.9131 Raisins 6.169 Rains 6.2
496 APPENDIX
TABLE VI (Cont.)
(1) (2) (3)Ref. Commodity Measure ofNo. price
variability
(cont.)114 Herring2 6.2138 Lard 6.4117 Flour: rye 6.4 (7.3)109 Coffee 6.7140 Meal: corn, yellow table 6.8139 Meal: corn, fine white 6.8
74 Pork: cured, salt mess 6.9149 Sugar: raw 7.1
76 Pork: cured, short clear sides 7. 77.5 Pork: cured, rough sides 7.8
138 Cottonseedoil 8.6 ( 7.1)129 Currants 8.8113 Mackerel 8.8130 Prunes 9.099 Cheese 9.490 Butter: creamery firsts, N. Y. 9. 771 Mutton 9.789 Butter: creamery extra, N. Y. 11. 193 Butter: creamery extra, St. Louis 11.2
128 Apples 12.9 (11.4)
lWhere but one measure is given for a single commodity it relates to variability within the calendaryear. Where two are given the first is based upon crop year prices, the second (in parenthesis) upon cal-endar year prices. The ranking is based upon the crop year measures in such cases.
This table supplements Table IV. It seems proper to present farm products and foods in another rank-ing, in which the disturbing effects of crop changes shall have been to some extent eliminated.
2Prices for 1925 missing.
APPENDIX 497
TABLE VII
PRICES,
(Commodities arranged within each group in order of magnitude of the measures incolumn 3.)
OF YEAR-TO-YEAR OF AT WROLESALE1
(2)
Commodity
Farm produces
(1)Ref.No.
473114'535659131917
6423715221652
251
344
444951
104106148111112
7115295
161116
89150
6411399
14990
MilkEggsCattle: good to choiceRiceWool: fine clothingWool: mediumCattle: choice to primeSheep: wethersSheep: ewesWheatHidesHayHogs: heavyBeansHogs: lightRyeCornCottonBarleyFlaxseedOathHopsOnionsPotatoes
Bread: CincinnatiBread: N. Y.Starch: cornCrackers: oysterCrackers: sodaMutton: dressedTeaButter: creamery extra,VinegarSalmonButter: creamery extra,Sugar: granulatedBeef: freshCodCheeseSugar: rawButter: creamery firsts,
(3)Measureof price
variability1890—1913
3.86.0 (6.2)7.98.2(8.1)8.88.99.1
10.710.812.8 (11.7)12.913.2(12.6)13.813.9(14.1)13.914.6 (14.4)14.8 (15.4)16.2 14.2)17.8 16.4)19.1 16.4)19.8 (16.1)32.9 (24.3)35.4 (15.8)53.6 (34.51
1.72.93.84.54.75.66.26.56.76.87.47.98.08.28.39.49.4
(4)Measureof price
variability1890-1924
3.08.6( 8.3)
I 9.812.0 (11.9)14.315.310.512.914.616.8(13.9)15.214.1 (12.3)16.118.2 (18.9)16.020.2 (18.1)17.6 (17.6)20.4 (18.2)20.6(16.3)18.5 (17.9)20.3 (16.6)40.6 (31.2)50.6 (32.3).54.4 (39.4)
5.45.55.48.38.2
10.47.68.8
12.48.89.3
11.88.88.0
10.814.210.9
Foods
St. Louis
N.Y.
N.Y.
lWhere but one measure Is given for a single commodity, it relates to calendar year varlabflity. Wheretwo are given, the first is based upon crop year prices, the second (In parenthesis) upon calendar yearprices. The ranking Is based upon the crop year measures In such cases.
498 APPENDIX
TABLE WI (Cont)
(1) (2) (3) (4)Ref. Measure MeasureNo. Commodity of price of price
variability variability1890— 1890—
1913 1924
Foods (cont.)114 Herring 10.3 11.4117 Flour:rye 10.3(12.4)17.2(16.4)69 Hams 10.4 11.7
146 Salt 10.4 11.0141 Molasses 10.5 12.7
120 Flour: wheat standard patents 11.2 (9.2) 15.5 (12.3)
139 Meal: corn, white 12.1 17.1
119 Flour: wheat, winter straights 12.7 (13.1) 16.7 (15.0)
140 Meal: corn, yellow table 13.0 16.9
145 Pepper 13.4 14.8130 Prunes 13.7 19.7
68 Beef: salt 14.2 14.8138 Lard 15.4 17.3
76 Pork: cured, short clearsides 15.4 16.975 Pork: cured, rough sides 15.8 16.9115 Mackerel 15.9 17.0131 Raisins 15.9 19.974 Pork: cured, salt mess 16.1 17.2
158 Cottonseed oil 16.1 (17.7) 19.2 (20.4)109 Coffee 17.3 20.5129 Currants 20.0 20.3128 Apples 22.4 (22.2) 22.5(26.5)
Cloths and clothing223 Linen shoe thread 1.1 6.1
166 Men's shoes: black calf S 1.6 6.3
213 Underwear: shirts and drawers 2.2 5.3214 Underwear: union suits 2.6 10.7
199 Cotton thread 2.6 8.7218 Poplar cloth 2.6 8. 1174 Men's shoes: vici kid 2.8 6.8219 Sicilian cloth 2.8 8.2177 Women's shoes 3.9 8. 1210 Suitings: Middlesex 4.7 9. 1173 Men's shoes: chocolate elk 4.7 6. 7206 Flannels: white 5.0 7.6215 Broadcloth 5.2 9.0193 Muslin: Wamsutta 5.2 11.4187 Men's hosiery 5.4 9.5189 Women's hosiery 5.5 9.4192 Muslin: Rough Rider 5.7 11.7197 Sheetings: 4-4 Pepperell R 5.9 12.0191 Muslin: Lonsdale 6.0 12.0217 Storm serge 6. 1 10.8186 Ginghams: Lancaster 6.2 11.6196 Sheetings: 4-4 Indian Head 6.4 13.2181 Drillings: Pepperell 6.6 13.0179 Calico 6.7 12.1198 Sheetings: 4-4 Ware Shoals 7.0 14.6190 Muslin: Fruit of the Loom 7.0 13.0180 Denims 7.1 13.1
APPENDIX 499
TABLE WI (Cont.)
(1)Ref.
(2) (3)Measure Measure
No. Commodity of pricevariability
1890—1913
of pricevariability
1890—1924
Cloths and clothing (Cont).221 Worsted yarns: 2-40's 7. 1 11.8182 Drillings: Mass. D. 7,2 13.8184 Flannel: unbleached 7.2 15.4185 Ginghams: Amoskeag 7,4 11 .8216 French serge 7.8 11.6183 Flannel: colored 8. 3 17. 1220 Worsted yarns: 2-32's 8.6 13.8203 Cotton yarns: carded, cones 22/1 8.7 14.9202 Cotton yarns: carded, cones 10/1 9.9 16.2226 Silk: raw, Japanese Ransai No. 1 10.4 13.3228 Silk: raw, Japanese extra-extra ii . 5 14. 6195 Print cloths 11 7 17.9
Fuel and224 Matches 2.2 4.0232 Anthracite coal: broken 3.0 5.1235 Anthracite coal: stove 4.9 5.8234 Anthracite coal: egg 5.3 5. 7233 Anthracite coal: chestnut 5.4 5.5236 Bituminous coal: Kanawha 7.2 12.3238 Bituminous coal: Pocahontas 7.4 10.5249 Petroleum: refined 1500 lire test 10.0 10.5248 Petroleum: refined for export 10.2• 12.6237 Bituminous coal: New River 10.5 13.7247 Petroleum: crude 19.4 20.8239 Coke 21.2 36.3
Metois and metal product s287 Trowels .2 4.0272 Saws: crosscut 1.0 5.2273 Saws: hand 1.0 4.6255 hammers 2.5 6.6274 Shovels 2.8 5.9254 Files 3.1 6.0271 Planes 3.5 8.0251 Butts 5:9 11.9298 Quicksilver 6.1 13.4299 Silver 6.6 9.4297 Lead: pipe 7.0 12.5288 Vises 7.1 10.6296 Lead: pig 7.3 14.1280 Steel rails 7.8 9.7252 Chisels 9.0 10.2250 Augers 9.1 12.8301 Zinc: sheet 9.2 14.7289 Wire: fence 9.7 11.42.58 Locks 10.0 13.1253 Doorknobs 10.3 12.0266 Bar iron: from store, Phila. 10.8 16.0294 Copper: sheet 11.7 13.3302 Zinc: slab 11.9 17.8295 Copper: wire 12.0 14.8
APPENDIX
TABLE VII (Cont.)
(1) (2) (3) (4)Ref. Measure MeasureNo. Commodity of price of price
variability variability1890— 1890—1913 1924
Metals and metal products (cont.)300 Tin: pig 12.9 16.2267 Bar iron: from mill, Pittsburgh 13.3 19.3293 Copper: ingot 13.3 13.2259 Pig iron: basic 13.3. 19.3269 Nails: wire 13.8 15.3260 Pig iron: Bessemer 13.5 19.8276 Steel billets 13.6 21.3261 Pig iron: foundry No. 2 Northern 16.2 20.3263 Pig iron: foundry No. 2 Southern 16.8 20.7291 Wood screws 17.8 20.3
Building male'ri&s308 Maple, N.Y. 3.0 9.9355 Zinc: oxide of 4.1 6.5312 Oak: white, quartered, N. Y. 4.3 9.9310 Oak: white, plain, N. Y. 4.6 9.9354 Lead: carbonate of 5. 1 7.5338 Lime 3.4 8.4319 Poplar: N.Y. 5.8 10.3317 Pine: yellow siding 5.8 11.9313 Pine: white boards 9.6324 Shingles: red cedar 6.6 11.6323 Shingles: cypress 7.0 9.9349 Putty 7.3 8.3321 Spruce 7.3 9.6335 Doors 10.0 13.6327 Brick 10.3 13.9352 Tar ,. 106 13.6343 Glass: plate, 5-10 sq. ft. 12.5 14.9345 Glass: window, B 13.0 14.8353 Turpentine: spirits of 13.5 19.6344 Glass: window, A 13.6 14.6342 Glass: plate, 3-5 sq. ft. 13.8 17.5350 Rosin 15.1 18.3348 Linseed oil 16.9 19.0
Chemicals and drugs363 Alum 2.1 6.9393 Alcohol: grain 2.3. 5.2360 Acid: sulphuric 7.0 10.8381 Sulphur 7.5 10.3357 Acid: muratic 9.0 14.0377 Soda: bicarbonate of 9.9 12.03ó2 Alcohol: wood 11,2 1.9.8382 Tallow 11.5 14.5396 Glycerine 11.6 16.1400 Quinine 13.1 16.6397 Opium 16.4 21.7
House-furnishings429 Teacupsandsaucers 2.3 7.3420 Carvers 2.4 6.6428 Plates 2.3 7.0
APPENDIX 501
TABLE VII (Conc.)
(1) (2) (3) (4)Ref. Measure MeasureNo. Commodity of price of price
variability variability1890— 1890—
1913 1924
House-furnishings (cont.)419 Carpets: Wilton 2.8 6. 7431 Tubs 3.1 11.2418 Carpets: Brussels 3. 1 7 .8414 Kitchen: tables 3.4 9.2425 Nappies 3.5 8.0417 Carpets: Axminster 4.9 8.4415 Blankets: cotton .5.2 11.9426 Pitchers 5.2 8.6416 Blankets: woolen 5.3 9. 1421 Knives and forks 5.9 8.6412 Kitchen: chairs 6.0 10.9424 Sheeting: 10-4 Wamsutta 6.0 10.6406 Bedroom: sets 6.3 11.2422 Pails 6.3 11.9427 Tumblers 6.7 11.4430 Tickings: Amoskeag 6.9 14.9423 Sheeting: 104 Pepperell 7.1 11.2405 Bedroom: chairs 7.4 10.4
Miscellaneous457 Tobacco: smoking 1.7 4.0456 Tobacco: plug 3.0 6.2444 Paper: wrapping, Manila 3.3 8.3441 Leather: sole oak, scoured backs 5 0 7.8436 Leather: calf 5.8 10.6438 Leather: harness oak 5.9 7.6440 Leather: sole oak 5,9 7.9433 Cottonseed meal 7. 1 9. 7443 Paper: newsprint 8.3 10.9455 Starch: laundry 8.7 10.8448 Jute 15.3 17.5450 Rope 15.3 16.4
451 Rubber 15.9 16.6
502 APPENDIX
TABLE VIII
MEASURES OF PRICE VARIABILITY
Indexes of Frequency of Change in Monthly Commodity Prices, at Wholesale,1890-1925, by Periods
(Commodities arranged within each group in order of magnitude of the measures incolumn 9.)
(1) (2) (3) (4) (5) (6) (7) (8) (9)Ref. 1890— 1898— 1906— 1914— 1922— 1890— 1890—No. Commodity 1897 1905 1913 1921 1925 1925 1925
inclu- cx-sive elud-
ing1914—1921
Farm produces53 Rice 31 41 .36 70 .79 .48 .42
59 Wool: medium 56 57 .41 64 .73 .57 .5156 Wool: fine clothing 55 56 .38 62 .85 .57 .5544 Hops 94 68 .75 78 .73 .78 .7847 Milk 77 92 .87 87 .62 .83 .8249 Onions 9.1 95 .85 96 1 .00 .93 .9242 Hides 89 1 00 .88 92 .96 .93 .9322 Beans 93 92 .93 97 1.00 .94 .93
37 Hay 98 96 1.00 1 00 1,00 .99 .98
25 Cotton 98 98 1.00 1 00 1.00 .99 .99
34 Flaxseed 1 00 98 .99 1 00 1.00 .99 .99
1 Barley 98 1 00 1.00 99 1.00 .99 .99
5 Rye 98 1 00 1.00 1 00 1.00 .99 .99
13 Cattle: choice to prime 98 1 00 1 .00 99 1 .00 .99 .99
14 Cattle: good to choice 99 99 1.00 1 00 1 .00 .99 .99
51 Potatoes 1 00 99 1.00 99 1.00 .99 1.002 Corn 1 00 1 00 .99 98 1.00 .99 1.004 Oats 1 00 1 00 .99 1 00 1.00 1.00 1.0031 Eggs 1 00 99 1.00 1 00 1.00 1.00 1.006 Wheat 1 00 1 00 1.00 91 1.00 .98 1.0015 Hogs: heavy 1 00 1 00 1.00 1 00 1.00 1.00 1.0016 Hogs: light 1 00 1 00 1.00 1 00 1.00 1.00 1.0017 Sheep: ewes 1 00 1 00 1 .00 1 00 1 .00 1 .00 1 .00
19 Sheep: wethers 1 00 1 00 1 .00 1 00 1.00 1 .00 1.00Foods
104 Bread: Cincinnati 04 .03 02 . 14 .02 .05 .03106 Bread: N. Y. 02 .03 02 .48 . 10 13 .03
111 Crackers: oyster 06 .08 02 .21 ' .02 .08 .05112 Crackers: soda 08 .13 02 .21 .02 .10 .07148 Starch: corn 07 .14 05 .22 .02 .11 .08
161 Vinegar 05 .09 13 .41 .21 .18 .11
152 Tea 23 .26 10 .26 .17 .21 .19
116 Salmon 19 .28 15 .68 .56 .35 .26
141 Molasses 33 .34 11 .23 .27 .25 .26
113 Cod 48 .31 20 .41 .44 .36 .35
114 Herring 60 .41 26 .4.4 .07 .40 .39
146 Salt 36 .52 45 .24 .14 .36 .40
131 Raisins 75 .60 27 .43 .44 .51 .53
115 Mackerel 73 .57 55 .53 .44 .57 .58
130 75 .61 66 .79 .98 .73 .71
APPENDIX 503
TABLE VIII (Cont.)
(1) (2) (3) (4) (5) (6) (7) (8) (9)Ref. 1890— 1898— 1906— 1914— 1922— 1890— 1890—No. Commodity 1897 1905 1913 1921 1925 1925, 1925,
inclu- ex-sive elud-
ing1914—1921
Foods (cont.)150 Sugar: granulated .76 61 .67 .73 1.00 .73 .72129 Currants .90 84 .52 .62 .67 .72 .7468 Beef: salt .87 81 .68 .54 .62 .71 .76
149 Sugar: raw .69 79 .74 .70 1.00 .76 .78139 Meal: corn, fine white .94 78 .57 .84 .98 .80 .79140 Meal: corn, yellow table .97 78 .60 .83 .94 .81 .81128 Apples .87 79 .84 .84 .87 .84 .84145 Pepper .85 87 .81 .97 .87 .88 .85117 Flour: rye .87 88 .77 .89 .98 .87 .86138 Cottonseed oil .81 96 .98 1.00 1.00 .94 .93109 Coffee .97 88 .92 .95 .98 .93 .9364 Beef: fresh .96 98 .93 .99 .98 .96 .9669 Hams .94 98 .98 .98 .98 .97 .9775 Pork: cured, rough sides .99 98 .98 1 .00 .89 .98 .9799 Cheese .99 95 .97 1.00 1.00 .98 .9771 Mutton .97 97 1.00 1.00 .98 .98 .98
119 Flour: wheat, winter straights .99 97 .99 .95 .98 .97 .9874 Pork: cured, salt mess .99 99 .99 .97 .98 .98 .99
138 Lard .99 99 .98 1.00 1.00 .99 .9989 Butter: creamery extra, N. Y. .99 99 1.00 1.00 .98 .99 .9995 Butter: creamery extra, St. Louis 1.00 97 1. .00 .99 1.00 .99 .9976 Pork: cured, short clear sides 1.00 1 00 .99 1.00 .98 .99 .9990 Butter: creamery firsts, N. Y. .98 1 00 1.00 1 .00 1.00 .99 S •99
120 Flour: wheat, standard patents 1 .00 98 1.00 1.00 1.00 .99 .99
Cloths and clothing213 Underwear: shirts and drawers .02 .01 .01 .10 .06 .04 .02199 Cotton thread .02 .01 .03 17 .04 .05 .02214 Underwear: union suits .03 .04 .01 .17 .04 .06 .03223 Linenshoe thread .02 .00 .21 .06 .07 .03218 Poplar cloth .04 .08 .04 .21 .06 .09 .06174 Men's shoes: vici kid .02 .07 .10 .36 .04 .13166 Men's shoes:black calf .00 .04 .10 .36 .23 .14 .07219 Sicilian cloth .03 .07 .09 .30 .12 .12 .07210 Suiting: Middlesex .04 .10 .08 .36 .19 .15 .09215 Broadcloth .03 .09 .12 .35 .19 .14 .10216 French serge .08 .10 .11 .32 .14 .15 .11206 Flannels: white .10 .14 .09 .18 .14 .13 .12177 Women's shoes .08 . 11 .21 .48 .. 10 .21 . 13217 Storm serge .11 .22 .08 .35 .09 .18 .13193 Muslin: Wamsutta .09 .14 .14 .41 .17 .19 .13186 Ginghams: Lancaster .15 .11 .21 .41 .11 .20 .13179 Calico .09 .08 .21 .40 .35 .21 .16185 Ginghams: Amoskeag .16 .20 .16 .27 .12 .19 .16184 Flannel: unbleached .05 .25 .19 .41 .32 .24 .18183 Flannel: colored .05 .28 .20 .44 .32 .25 .20173 Men's shoes: chocolate elk .29 .17 .36 .36 .19 .29 .26196 Sheetings: 4-4 Indian Head .26 .28 .27 .45 .37 .32 .29
504 APPENDIX
TABLE VIII (Cont.)
(1) (2) (3) (4) (5) (6) (7) (8) (9)Ref. 1890— 1898— 1906— 1914— 1922— 1890— 1890—No. Commodity 1897 1905 1913 1921 1925 1925 1925
inclu- ex-sive dud-
ing1914—1921
Cloths and clothing (cont.)181 Drilhings: Pepperell .34 .24 . 18 .59 .67 .37 37190 Muslin: Fruit of the Loom .26 .36 .33 .48 .33 .36 .32180 Denims .17 .34 .28 .48 .81 .37 .34197 Sheetings: 4-4PepperellR .36 .30 .25 .64 .61 .40 .34191 Muslin: Lonsdale .24 .47 .35 .52 .50 .41 .38220 Worstedyarns: 2-32's .37 .36 .31 .53 .67 .42 .39192 Muslin: Rough Rider .15 .47 .34 .67 .87 .46. .40221 Worsted yarns: 2-40's .29 .49 .31 .74 .71 .49 .41198 Sheetings: 44 Ware Shoals .94 .61 .53 .80 .96 .75 .74202 Cotton yarns: carded, cones 10/1 .66 .72 .71 .91 .98 .78 .74203 Cotton yarns: carded, cones 22/1 .80 .68 .79 .88 .98 .81 .79228 Silk: raw, Japanese extra-extra .69 . 78 .85 .85 .98 .82 .81226 Silk: raw, Japanese Kansai No. 1 . 78 .93 .85 .91 .98 .88 .87182 Drillings: Mass.D .97 .98 .67 .73 .94 .84 .88195 Print cloths .93 .87 .81 .93 .94 .89 .88
Fuel and lighting244 Matches .03 .01 .00 05 .02 .02 .01237 Bituminous coal: New River .17 .31 .41 33 .44 .32 .32249 Petroleum: refined, 150° fire test .37 .22 . 10 29 .87 .31 .32238 Bituminous coal: Pocahontas .21 .28 .48 26 .62 .34 .37236 Bituminous coal: Kanawha .71 .37 .25 27 .37 .38 .41248 Petroleum: refined, for export .64 .68 .27 56 .48 .53 .52247 Petroleum: crude .97 .41 .24 46 .73 .54 .56239 Coke .38 .60 .92 72 .98 .69 .68232 Anthracite coal: broken .96 .98 .58 93 .72 .85 .82235 Anthracite coal: stove .96 .93 .88 94 .88 .92 .92234 Anthracite coal: egg .99 .90 .84 93 1,00 .92 .92233 Anthracite coal: chestnut .95 .93 .89 95 .98 .93 .93
Metals and metal products272 Saws: crosscut .00 .00 .01 .10 .02 .03 .01287 Trowels .00 .00 .01 .04 .02 .01 .01273 Saws: hand .01 .00 .01 .12 .02 .03 .01271 Planes .03 .04 .05 . 13 .00 .06 .03255 Hammers .01 .05 .02 .09 .10 .05 .04250 Augers .05 .08 .07 .20 .00 .09 .06252 Chisels .06 .09 .08 .14 .04 .08 .07274 Shovels .02 .05 .07 .20 .19 .10 .07253 Doorknobs .02 .07 .06 .16 .19 .09 .07258 Locks .03 .05 .07 .19 .19 .10 .07251 Butts .11 .05 .04 .14 .21 .10 .09288 Vises .07 .11 .08 .19 .17 .12 .10254 Files .08 .10 .20 .18 .04 .13 .12280 Steelrails .23 .18 .00 .14 .04 .13 .12291 Wood screws .11 .52 .08 .30 .35 .27 .26294 Copper: sheet .35 .14 .29 .67 .87 .44 .35297 Lead: pipe .21 .38 .47 .72 .85 .49 .43301 Zinc: sheet .24 .34 .48 .48 .85 .44 .43
APPENDIX 505
TABLE VIII (Cont,)
(1.) (2) (3) (4) (5) (6) (7) (8) (9)S 1890— 1898— 1906— 1914— 1922— 1890— 1890
No. Commodity 1897 1905 1913 1921 1925 1925 1925inclu- ex-
sive dud-ing1914—1921
Metals and meEat products (cont.) ——269 Nails: wire 75 37 28 52 .46 .48 .46
267 Bar iron: from mill, Pitts. 39 43 62 59 .39 .50 .47
266 Bar iron: from store, Phila. 61 50 31 59 .54 .51 .48289 Wire fence 69 52 32 54 .46 .51 .50
298 Quicksilver 66 50 50 72 .94 .63 .61
295 Copper: wire 68 .67 52 72 .81 .66 .64
263 Pig iron: foundry No. 2 Southern 64 .81 69 70 .85 .73 . 73259 Pig iron: basic 61 .84 79 68 .92 .75 .77
296 Lead: pig 98 .58 78 86 .94 .82 .80
276 Steel billets 99 .82 .68 69 .69 .78 .81
261 Pig iron: foundry No. 2 Northern 75 .87 .83 70 .92 .80 .83
260 Pig iron: Bessemer 98 .92 . 78 63 .87 .83 .89
293 Copper: ingot 90 .82 .94 84 .94 .88 .89
302 Zinc: slab 96 .93 .96 99 1.00 .96 .95
300 Tin: pig 98 .99 .96 95 1.00 .97 .98
299 Silver 1 00 1.00 1.00 97 .98 .99 .99
Building niaterials349 Putty .04 .11 .02 .11 04 .07 .06308 Maple: N.Y. .00 .16 .09 .23 19 .13 .10
355 Zinc: oxide of .14 .08 .05 .18 23 .12 .11
312 Oak: white quartred, N.Y. .09 .23 .12 .24 14 .17 .15
313 Pine: white boards .08 .14 .15 .29 29 .18 .15
323 Shingles: cypress .07 .08 . 37 .32 12 .20 . 17310 Oak: whiteplain, N. Y. .06 .20 .31 .36 27 .23 .20
319 Poplar: N.Y. .07 .24 .25 .37 27 .24 .20
317 Pine: yellow siding .11 .12 .10 .36 83 .25 .22
354 Lead: carbonate of .25 .22 .19 .36 54 .29 .26321 Spruce .25 .18 .14 .33 83 .29 .28
315 Glass: window,B .29 .38 .25 .17 17 .26 .29
344 Glass: window, A .29 .39 .25 .15 17 .26 .29
335 Doors .35 .28 .27 .42 35 .33 .30324 Shingles: red cedar .09 .09 .71 .81 94 .48 .39
338 Lime .48 .37 .10 .39 98 .41 .41
352 Tar .80 .61 .41 .61 11 .58 .57327 Brick .45 .60 .77 .70 62 .63 .61
348 Linseed oil .51 .64 .72 .96 1 00 .74 .68350 Rosin .84 .80 .97 .95 98 .90 .89353 Turpentine: spirits of .94 .98 .98 1.00 1 00 .98 .97
Chemicals and drugs357 Acid: muriatic 18 .05 .02 .37 14 15 .09363 Alum 29 .05 .00 .38 10 17 .11377 Soda: bicarbonate of 19 .12 .02 .39 14 18 .12360 Acid: sulphuric 18 .12 .04 .27 25 16 .13
362 Alcohol 17 .10 .09 .46 39 23 .16
400 Quinine 29 .59 .20 06 30 .32
393 Alcohol: grain 54 .47 .28 .43 21 40 .40396 Glycerine 22 .29 .70 .84 62 53 .43
506 APPENDIX
TABLE VIII (Conc.)
(1) (2) (3) (4) (5) (6) (7) (8) (9)Ref 1890— 1998— 1996— 1914— 1922— 1890— 1890—
No. Commodity 1897 1905 1913 1921 1925 1925 1925inclu- ex—sive dud—
ing1924—1921
Chemicals and drugs (coni.)381 Sulphur .80 74 .05 17 14 41 .47397 Opium .90 88 .86 65 25 76382 Tallow .99 97 .94 93 94 95 .96
House-furnishings
425 Nappies 01 01 .06 .17 06 06 .03414 Kitchen tables 02 02 .05 .22 14 08 .05
428 Plates 03 07 .05 .13 04 07 .05
426 Pitchers 01 03 .08 .17 12 08 .05
429 Teacups and saucers 03 07 .06 .13 04 07 .05405 Bedroom chairs 03 07 .06 .22 08 09 .06412 Kitchen chairs 02 09 .05 .25 10 10 .06418 Carpets: Brussels 05 04 .07 . 30 14 12 .07419 Carpets: Wilton 04 05 .07 .28 17 12 .07
427 Tumblers 05 08 .07 .19 14 10 .08406 Bedroom sets .03 05 .09 .31 25 14 .09424 Sheeting: 10-4 Wamsutta .07 06 .14 .34 09 15 .09
417 Carpets: Axminster .09 11 .06 .27 17 14 .10430 Tickings: Amoskeag .19 30 .24 .43 21 28 .24423 Sheeting: 10-4 Pepperell .34 26 .23 .50 56 35 .31
Miscellaneous457 Tobacco: smoking 00 04 .03 06 .02 .03 .02456 Tobacco: plug 18 10 .02 06 .02 .08 .09444 Paper: wrapping, Manila .14 .19 .07 35 .39 .21 .17
Starch: laundry .23 .22 .27 31 .06 .23 .21436 Leather: calf .32 .14 .27 54 .31 .32 .25438 Leather: harness oak .24 .28 .24 47 .37 .31 .27440 Leather: sole oak .45 .24 . 19 48 . 14 .32 .27
443 Paper: newsprint .27 .45 .33 42 .29 .36 .34441 Leather: sole oak, scoured backs .37 .56 .43 44 .54 .46 .46450 Rope .46 .62 .37 41 .39 .46 .47
448 Jute .48 .45 .80 75 .79 .64 .61
433 Cottonseed meal .69 .61 .76 77 .83 .72 .71
451 Rubber .93 .95 .95 87 .98 .93 .95
APPENDIX 507
TABLE IX
AVERAGE ANNUAL RATES OF CHANGE IN PRICES AND PURCHASING POWER OF COM-MODITIES, AT WHOLESALE, 1896-1913
(Commodities arranged within each group in order of magnitude of measures of change)
(1) (2) (3) (4)Ref. Average AverageNo. Commodity annual rate annual rate
of change of changein price, in pur-
1896—1913 chasingpower, 1896-
1913Per cent Per cent
Farm products53 Rice — .15 —2.449 Onions .01 —2,339 Wool: medium .9 —1.417 Sheep: ewes 1.2 —1.156 Wool: fIne clothing 1.6 — .819 Sheep: wethers 1.6 — .747 Milk 2.4 .03
6 Wheat 2.6 .2
13 Cattle: choice to prime 3.1 :814 Cattle: good to choice 3.2 .842 Hides 3.4 1.034 Flaxseed 3.6 1.222 Beans 39 1.525 Cotton 3.9 1.5
31 Eggs 4.0 1.65 Rye 4.1 1.7
51 Potatoes 4.3 1.937 Hay 4.3 1.94 Oats 4.4 2.0
16 Hogs: light 4.5 2.115 Hogs: heavy 4.6 2.22 Corn 4.9 2.5
44 Hops 5.2 2.81 Barley 5,7 3.3
Foods152 Tea —1.4 —3.7115 Mackerel — .4 —2.6112 Crackers: soda — .2 —2.5150 Sugar: granulated . 1 —2.2149 Sugar: raw .2 —2.1145 Pepper .4 —1.9131 Raisins .4 —1.9104 Bread: Cincinnati .6 —1.7141 Molasses 1.4 — .9119 Flour: wheat, winter straights 1.4 — .9148 Starch: corn 1.6 — .8120 Flour: wheat, standard patents 1.8 — .5146 Salt 1.9 — .4128 Apples 1.9 — .4
71 Mutton: dressed 2. 1 — .2161 2.1 — .2106 Bread: N.Y. 2.1 — .2
508 APPENDIX
TABLE IX (Cont.)
(1) (2) (3) (4)Ref. Average AverageNo. Commodity annual rate annual rate
of change of changein price, in purchas-
1896—1913 ing power,1896—1913
Per cent 'Per cent
Foods (cont.)111 Crackers: oyster 2.3 .1129 Currants 2.3 — .04116 Salmon 2.3 .01130 Prunes 2.5 .1
64 Beef: fresh 2.6 .3
109 Coffee 2.7 .3
117 Flour: rye 2.8 .4
114 Herring 3.0 .6
95 Butter: creamery extra, St. Louis 3. 1 . 7
89 Butter: creamery extra, N. Y. 3. 1 .890 Butter: creamery firsts, N. Y. 3.4 1 .069 Hams: smoked 3.5 1.1
139 Meal: corn, finewhite 3.5 1.199 Cheese 3.5 1.2
136 Glucose 3.6 1.2113 Cod 3.7 1.3140 Meal: corn, yellow table 3. 7 1 . 368 Beef: salt . 4.4 2.075 Pork: cured, Rough sides 4.5 2.176 Pork: cured, short clear sides 4.5 2. 1
138 Lard 4.5 2.1158 Cottonseed oil 4.6 2.274 Pork: cured, salt mess 5.1 2.6
Clot/is and clothing
188 Women's hosiery: silk mercerized — . 1 —2.4226 Silk: raw, Japanese Kansai, No. 1 — .05 —2.3223 Linen shoe thread .3 —2.0228 Silk: raw, Japanese extra-extra .4 —1 .9189 Women's hosiery: single thread .8 —1 .5192 Muslin: Rough Rider .8 —1.5214 Underwear: union suits 1. 1 —1 .2179 Calico 1.1212 Trousering 1.4 — .9218 Poplareloth 1.4 — .9166 Men's shoes: black calf 1.4 — .9199 Cotton thread 1.5 — .9187 Men's hosiery 1.5 — .8193 Muslin: Wamsutta 1.5 — .8213 Underwear: shirts and drawers 1.5 — .8186 Ginghams: Lancaster 1 .6 — .8219 Sicilian cloth 1.6 — .7220 Worsted yarns: 2-32's 1 .7 — .6177 Women's shoes 1.7 — .6198 Sheetings: 4-4 Ware Shoals 1.8 — .5203 Cotton yarns: carded, cones 22/1 1.9 — .4221 Worsted yarns: 2—40's 1.9 — .4206 Flannels: white 1.9 — .4
APPENDIX 509
TABLE IX (Cont.)
(1)Ref.No.
(2)
Commodity
S
(3)Average
annual rateof changein price,
1896—1913
Per cent
(4)Average
annual rateof change
in purchas-•ing power,1896—1913Per cent
Cloths and clothing (cont.)217 Storm serge 2.0 — .3191 l\Iuslin: Lonsdale 2. 1 — . 2
197 Sheetings: 4-4 Pepperell R 2. 2 — .2190 Muslin: Fruit of the Loom 2.2 — . 1
174 Men's shoes: vici kid 2.2 .1209 Suiting: clay worsted, 16 oz. 2.2 — .1173 Men's shoes: chocolate elk 2.3 .05210 Suiting: Middlesex 2. 5 . 1
211 Suiting: serge, 11 oz. 2.5 .1208 Suiting: serge, oz. 2.5 . 1
185 Ginghams: Amoskeag 2.5 .2202 Cotton yarns: carded, cones 10/1 2. 6 .2184 Flannel: unbleached 2.6 .3196 Sheetings: 4-4 Indian Head 2.7 .3180 Denims 2.7 .4195 Print cloths 2 .8 .5181 Drillings: Peppereil .0 . 7
216 French serge 3.2 .8183 Flannel: colored 3.2 .9215 Broadcloth 3.3 .9182 Drillings: Mass. D 4.3 1.9
Fuel and lighting244 Matches —1 .2• —3.5239 Coke .5 —1.8238 Bituminous coal: Pocahontas .9 —1.4249 Petroleum: refined, 1500 fire test .9 —1.4248 Petroleum: refined, for export 1. 1' —1. 2235 Anthracite coal: stove 1.7 — .6237 Bituminous coal: New River 2.0 .3232 Anthracite coal: broken 2.0 .3236 Bituminous coal: Kanawha 2.1 .2234 Anthracite coal: egg 2.2 — .1233 Anthracite coal: chestnut 2.3 — .1247 Petroleum: crude 3.5 1.1
Metals and metal products282 Steel sheets .8 3 .0274 Shovels — .7 —3.0289 Wire: fence .5 —2.7299 Silver — .4 —2.7269 Nails: wire .2 —2.5287 Trowels .1 —2.2273 Saws: hand .2 —2.1291 Wood screws .2 —2.1286 Tin: plate .3 —2.0254 Files .3 —1.9298 Quicksilver .5 —1.8272 Saws: crosscut .5 —1.8
510 APPENDIX
TABLE IX (Cont)
(1) (2) (3) (4)Ref. Average AverageNo. Commodity annual rate
of changein price,
1896—1913
Per cent
annual rateof change
in purchas-ing power,1896—1913Per cent
Metals and metal products (cont.)295 Copper: wire —1.7267 Bar iron: from mill, Pittsburgh .7 —1.6297 Lead: pipe .8 —1.5266 Bar iron: from store, Phila. .9 —1.4280 Steel rails .9 —1 .4293 Copper: ingot 1.0 —1.3259 Pig iron: basic 1.0 —1.3276 Steel billets 1.1 —1.2255 Hammers 1.1 —1.2294 Copper: sheet 1 . 2 —1. 1261 Pig iron: foundry No. 2 Northern 1.3 —1 .0296 Lead: pig 1.3 —1.0260 Pig iron: Bessemer 1.4 — .9271 Planes 1.4 — .9263 Pig iron: foundry No. 2 Southern 1.7 — .6251 Butte 1.7 — .6301 Zinc: sheet 2.1 — .2302 Zinc: slab 2.2 — .1288 Vises 2.8 .5252 Chisels 3.0 .7258 Locks 4.2 1.8253 Doorknobs 5.0 2.6250 Augers 5.4 3.0300 Tin: pig 5.6 3.2
Building materials330 Cement: Portland —2.6 —4.8349 Putty —2.3 —4.6343 Glass: plate, 5-10 sq. ft. —1 .5 —3. 7343 Glass: window, B — .7 —3 .0342 Glass: plate, 3-5 sq. ft. — .6 —2.8344 Glass: window, A — .1 —2.4327 Brick 1.2 —1.1354 Lead: carbonate of 1 . 7 — .7308 Maple: N.Y. 2.0 — .3355 Zinc: oxide of 2.1 — .2335 Doors 2.4 .1
323 Shingles: cypress 2.6 .3324 Shingles: red cedar 2.7 .4353 Turpentine: spirits of 3.0 .6348 Linseed oil 3.0 .7338 Lime 3.1 .7310 Oak: white, plain, N. Y. 3. 1 .7312 Oak: white, quartered, N. Y. 3.2 .9321 Spruce 4.1 1.7317 Pine: yellow siding 4.5 2. 1352 Tar 4.5 2,1319 Poplar: N.Y. 4.7 2.3
APPENDIX 511
TABLE IX (Conc.)
(1) (2) (3) (4)Ref. Average AverageNo. Commodity annual rate annual rate
of change of changein price, in purchas-
1896—1913 ing power,1896—1913
Per cent Per cent
Building materials (cont.)313 Pine: white boards 5.0 2.6350 Rosin 10.2 7.7
Chemicois and drugs362 Alcohol: wood —3.4 —5.6400 Quinine —3.1 —5.4377 Soda: bicarbonate of —2.0 —4.2360 Acid: sulphuric — .4 —2.7381 Sulphur .4 —1.9363 Alum .4 —1.8357 Acid: muriatic .5 —1.8393 Alcohol: grain .7 —1.6396 Glycerine 2.4 .04382 Tallow 3.5 1.1397 Opium 6.5 4.1
427 Tumblers —2.5 —4. 7426 Pitchers —1.8 —4.0421 Knives and forks — .4 —2.7420 Carvers — . 1 —2. 4424 Sheetings: 10-4 Wamsutta .1 —2.2429 Teacups and saucers .2 —2. 1
428 Plates .3 —2.0425 Nappies .5 —1.8418 Carpets: Brussels 1.7 — .6417 Carpets: Axminster 1.8 — .6416 Blankets: woolen 1.8 — .3419 Carpets: Wilton 2.0 — .4423 Sheetings: 10-4 Pepperell 2.0 — .3430 Tickings: Ainoskeag 2.2 — .2412 Kitchen: chairs 3.1 .7414 Kitchen: tables 3.1 .7
415 Blankets: cotton 3. 1 . 7
405 Bedroom: chairs 3.5 1.2406 Bedroom: sets 5.0 2.6
Miscellaneous443 Paper; newsprint —1.0 3.3
444 Paper: wrapping, Manila — .4 —2.7456 Tobacco: plug .8 —1.5457 Tobacco: smoking 1.2 —1.1450 Rope 1.2 —1.1455 Starch: laundry 1.3 —1.0440 Leather: sole oak, hemlock 1.4 — .9438 Leather: harness oak 1.7 — .7436 Leather: calf 1.9 — .5441 Leather: sole oak, scoured backs 1.9 — .4451 Rubber 2.3 — .05433 Cottonseed meal 2.9 .6
448 Jute 4.8 2.4
I —f—
I
I I
H +
0EE
0C
)0
•0•0 0
00
0C
)0
8
.,t—__I I +
H
1+1
+1
+0
11+1
IIIIIIII+I+
I+I+
III
'0
++
HIH
H+
I
+1
HI
+
0000'0
+ +1
I±±
±
I I 1+1
1+1+
+
''0'IH
H
++
HI
11+111+
1
I
" U)II I I
1+,
I +
I I
I II I I
I I
N I
I I
II I I
I I I
I II
III + I +
IIII
08
0 80
U
V 0 0
TA
BL
E X
(C
ont.)
____
____
____
____
____
Per
iods
Ref
.C
omm
odity
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
No.
Low
Hig
hL
owH
igh
Low
Hig
hL
owH
igh
Low
Hig
hL
owH
igh
Low
Hig
hL
owH
igh
Low
Hig
hL
owH
igh
Low
(May
(Feb
.(M
ar.
(Oct
.(M
ay(A
pr.
(Jul
y(O
ct.
(Jul
y(O
ct.
(Feb
.(A
pr.
(Jun
e (S
ept.
(Nov
.(S
ept.
(Feb
.(M
ay(J
an.
(Apr
.(J
une
1892
)18
93)
1895
)18
95)
1897
)19
00)
1901
)19
02)
1904
)19
07)
1908
)19
10)
1911
)19
13)
1914
)19
18)
1919
)19
20)
1922
) 19
23)
1924
)
Food
s (c
onj.)
68Beef: salt
+3
+8
04—
80—
4—
4—
1 +
11+
15 +
6 +
1 +
12
+ 1
2R
R 4—11 +
10—
1—
969
Hams
—16
01
3+16+1—8+10+6—5
0+3-1-7+12+4
11+9+2— 1—10— 4
71
Mutton
—6
84
84—18
0+4—5—8+ 6+
70+ 5+20+10
4+
71— 2+12+
474
Pork, cured salt
mess
0+3
1—6—10
234—26
3+4
30
1+4+11+10
54—
100
94
75
Pork: cured, rough
sides
—15
0S
S —
823 4—26
0—
28
01 +
6 +
11+
1011 —
84—12
3 —
102
76
Pork: cured, short
clea
r si
des
—15
0S
S.
921 4—26
0—
28
01 +
6+
11+
10—
11
8— 10
310
589 *Butter.
crea
mer
yex
traN
.Y.
10
10+ 2+
14
2-f-
20
8+
54
220
7+
30
58+ 8+
.3
90
*But
ter:
cre
amer
y—
I_—
——
—fir
sts,
N. Y
.10+
2 —
104—11 +
2.3
2+
20
8 +
64
220
7 +
30 —
18 +
8+
495
*B
utte
r: c
ream
ery
extr
aSt.L
ouis
10—
110
+2+
14
2+2
08+5
4—2 20—7+3
0—5
8+8+3
99
10—
11
9— 7— 10
11 +
60
5+
51+
218 4—18 +
30—
67— 3—
2104
CC
CC
CC
C+14
CC+14
C+18
RR—10—11+
6C
C+
7106 Bread:
N.Y
.C
CC
CC
CC
+ 1
40
CC
C+
6+ 18+ 21—
1+ 3+, 7
04—
4109
Coffee
0 +
114—
7 +
29 +
44+19 + 16—
314—
2 +
19+
12—
9 +
1—15— 14— -10—
91—
9111
Cra
cker
s: o
yste
rS
CC +
16+
1—
22—
13+
94
C +
21+ 20
CC +
4+
6+
8+
6C
C +
511
2Crackers:soda
SS
19+ 16+ 7—22— 13+
512
C+ 21+
8C
C+ 4+ 6+ 8+
6C
C+
5113
Cod
R—
11
SS—
8 +
410— 14 4—22——
3 4+29 + 13 +
17+
17 + 10 +
5 +
13
+I+
7 +
9 +
15
114
Herring
+3+
7S#
214+
10+
h1
2+ 2
+ 1
7— 5
+3
C+
11+
1+ 5
—C
C—
711
5Mackerel
—5+
4—8+
7+1+
2— 2+ 5+22—10+16+12+11
9+7+3+15+9+16
RR
116
Salmon
+ 5
+ 5
+ 3
— 2
+15+ 11+ 144+28+ 27+
44+31
RR
C+ 1+ 2+ 3+ 3+
8R
R117
*mou
r: r
yeS
5— 2
—3
+ 2
— 2
2 4—
34 4
+27
+ 2
7 +
2 4-
1-31
+ 1
4S
S— 4—
6 +
7 +
1S
S3
119
wheat, win-
terstraights
SS
54—
9 —
2317
± 2
5+
300 +
610
216
4— 16
10
SS
11
120 *Flour:
whe
at,
stan
dard
pat
ents
SS
54
4—17
—23— 14 +
23+
26+
3+
2— 1
0— 1
0— 1
6 4—
13—
16—
90
SS—
11
128
*Apples
0 +
16S
S— 1— 22— 9—
2 +
5— 1
4 +
16 +
16
+ 2
3+
11+
21—
10— 6—
5—10
12—
8129
SS
10—
6 4—23 4—26 4—26 4—24 + 10 —
10+
6 +
9 +
4— 1
8 +
1 —
7+
3—
8+
13 —
2130
Prunes
—5
311
4—
11 +
1—16
0— 11 + 10— 16 4—9 +
18+
23+
8 +
17—
14—
8—
10—
98
+1
131
Raisins
+2
311—
5—
13+
7 —
5+
2+
14+
12+
27R
R +
15+
23R
R +
10S
S +
2138
Lard
—15
0S
5—
9R
R0— 2—
80
12— 11+
810
110
1+
7I
139
Meal: corn,
fine
white
SS
13 4—13
811 —
183
14 +
11+
111 +
1 —
144—18 —
130 +
10 +
61
140
Mea
l:corn, yellow
tabl
eS
S— 13 4—13— 8—
11—
18
0— 1
4 +
11+
121— 5— 14 4—18—
4+-
2 +
10 +
61
141
Mol
asse
s—
18+
9+
9-I-
12+
2+ 3—
411+ 16+
1+ 22
RR+ 17+ 33
RR+ 5+
6R
R145
Pepp
er+
3— 3
—1— 4— 15+ 7+ 11
0S
S+
9R
R— 194—19— 3+ 2— 10
4+ 10
0146 *Salt
+2
0— 12—
64 +
114+23 4+28
+ 2
24
+4
211—
9 +
IR
R +
13+ 13
CC
TA
BL
E X
(C
ont.) Peri
ods
Ref
.C
omm
odity
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
1(1
4)(1
5)1
(16)
(17)
-)
(19)
(20)
(21)
No.
Low
Hig
hL
owH
igh
Low
Hig
hL
owH
igh
Low
Hig
hL
owH
igh
Low
Hig
hL
ow I
Hig
hL
owH
igh
Low
Hig
hL
øw(M
ay(F
eb.
(Mar
.(O
ct.
(May
(Apr
.(J
uly
(Oct
.(J
uly
(Oct
.(F
eb.
(Apr
.(S
ept.
(Nov
.(S
ept.
(Feb
.(M
ay (
Jan.
(Apr
.(J
une
1892
)1893)
1895
)18
95)
1897
)19
00)
1901
)19
02)
1904
)_J_
1907
)19
08)
1910
)19
11)
1913
)19
14)
1918
)19
19)
1920
)19
22)
1923
)19
24)
—F
oods
(c.)
148
Star
ch: c
orn
C +
11
69
C0
RR
+8
+ 1
0C
CC
— 3
— 1
3 +
1 +
I +
17
CC
149
*Sug
ar: r
aw+
2 +
410
± 6
—7 +
S+
12
+27
+ 3
1 +
6 +
12
+S
S -—
7—
13—
80
+1
+ 1
6IS
Ogr
anul
ated
—3+
51+
6—
4 +
S +
16
+30
+19
+7
+ 1
2 +
SS.
—7
—10
—8
(1
0 +
1 +
16152*Tea
+ 2
—1
7—4—
9—12
+5+
9+5+
2±2
5C
+2
158
Cot
tons
eedo
il—
10
0+2+
7+
1—6—
4+ 6
—3+
1+
7—21
—1—
7—
.-8—
109+
6—
I16
1*V
ineg
arC
—9
C—
I +
16
+2
+ 2
—1
+2
+13
'+
13
+1.
5 +
.5 +
2 +
4 +
16—
11
-1-
5
Cloths
and
clot
hing
166
Men
's s
hoes
: bla
ckca
lfC
CC
CC
C7
RC
10+
100+
10R
RR
R0+
113+
617
3M
en's
sho
es:
choc
olat
e el
kS
S —
23
+ 1
1 +
21
10 +
94
+2
60
RR
RR
0 +
10
+4+
4174
Men
sho
es: v
ici
kid
CC
SS
CC
CC
+3
RR
CR
+3
6R
R0+
10C
C17
7W
omen
's s
hoes
SS—
3 +
1+
31 +
3 +
3R
R—
15
+4
00
RR
RR
0 +
12
R17
9C
alic
o—
5+4+
3+8+
25+
2C
I.C
.+13
+ 3
+5
0+8—
2+1—
5+2—
1+7+
2+1
180
Den
ims
—2+
10+
6+5+
22+
10—
-2+
20+
10
0+9
0+8+
3+3—
5+1+
4—5+
8s
181
Dri
lling
s: P
eppe
rell
+6
0 +
3 +
3 +
20
+2
+21
+ 1
8 +
7 +
2 +
14
+ 1
2 +
6 +
3+
9 —
S+
2 +
4 —
5+
9S
182
Dri
lling
s;M
assD
+0—
5+9
S18
3Fl
anne
l: co
lore
dS
SS
S +
19+
8+
5+
18 +
80
+ 2
0 +
20
+S
+3
+9
—2
+2
+4
—10
+8
S18
4Fl
anne
l: un
blea
ched
SS
+9
+ 2
6 +
19
+9
+S
+ 1
8 +
50
+ 2
0 +
20
+8+
3+
10 +
3+
2 +
4—
5 +
8S
185
Gin
gham
s; A
mos
-ke
ag1+
8+17
+19
—2+
10+
3+2+
3—12
+8+
818
6G
ingh
ams:
Lan
cas-
ter
C+
1+
2+4
9+11
+5+
23+
12+
2+8+
1+
18—
1+
11+
3+
22—
10+
5C
190
Mus
lin: F
ruit
ofth
eLoo
m—
5+4+
1+4+
19+
3—9+
20+
9+3+
41+
8+1.
5+2+
3+2+
2—6+
1—8
191
Mus
lin:L
onsd
ale
+ 6
+4
0+ 4+
19+
11—
1+ 2
0+ 9
+ 1
+4
t+ 7
+ 4
+ 2
+ 3
+ 2
+ 2
+ 5
+ 9
+1
192
Mus
lin: R
ough
Rid
er+
7+
5+8+
16+
30+
6±12
+13
_3+
3+16
_4+
7+6+
10+
2+1_
1—91
1019
3M
uslin
:Wam
sutta
+ 9
+5-
I-2+
3+
20+
4+
9+
14+
11+
7+ 1
8+ 8
+ 9
+ 1
5+ 1
0—1+
2+
3+
9C
C19
5Pr
intc
loth
s—
9—2
00 +
12—
3—
1 +
17
+ 1
00
+ 7
—2
+ 5
—9
+ 1
—5
+ 1
—1—
6 +
8S
196
Shee
tings
: 4-4
In-
-
dian
Hea
d0+
5+
1±
16+
20+
11+
18+
20+
14+
4+
19+
13+
9+
4+
52+
20
5+ 1
0S
197
Shee
tings
: 4-4
Pepp
erel
lR1+
12+
3+3+
19+
10+
13+
20+
7+3+
16—
1+
6+4+
15+
2—4
5+10
+14
198
Shee
tings
: 4-4
War
e Sh
oals
1 +
7 +
20
+ 1
81
(2)
+ 1
8 +
6—
1 +
8—3
+7
9 +
2—
2 +
20
6 ±
8 +
13
199
Cot
ton
thre
adC
CC
+8
+ 3
1C
CC
C +
4C
CC
C +
19
+4
+9
2+
23C
C
(2)
No.
sal
es
TA
BL
E )
1 (C
ont.)
____
____
____
____
____
____
____
___
____
____
____
_
Per
iods
____
____
____
___
____
____
____
____
____
____
____
__
Ref
.C
omm
odity
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
No.
Low
Hig
hL
owH
igh
Low
Hig
hL
owH
igh
Low
Hig
hL
owH
igh
Low
Hig
hL
owH
igh
Low
Hig
hL
owH
igh
Low
(May
(Feb
.(M
ar.
(Oct
.(M
ay(A
pr.
(Jul
y(O
ct.
(Jul
y(O
ct.
(Feb
.(A
pr.
(Jun
e (S
ept.
(Nov
.(S
ept.
(Feb
.(M
ay (
Jan.
(Apr
.(J
une
____
____
____
____
____
1892
)18
93)
1895
)18
95)
1897
)19
00)
1901
)19
02)
1904
)19
07)
1908
) 19
10)
1911
)19
13)
1914
)19
18)
1919
)19
20)
1922
)19
23)
1924
)
Clo
ths
and
doth
ing
(cO
nt.)
202
Cot
ton
yarn
s: c
ar-
ded,
cone
slO
/112
—6
0+3+
25+
6+ 4
+16
+10
— 2
+8+
8+7+
1+4
3+1
19+
8S
203
Cot
ton
yarn
s: c
ar-
ded,
con
es 2
2/1
12 —
7—
1+
3 +
22+
6 +
7 +
16
+11
—2+
2+
13 +
7+
I +
4 —
3+
10—
9 +
8 +
11
206
Flan
nels
:whi
teS
S+ 3
+9—
8+
7+4
RR
+ 7
+17
+ 7
+8+
2— 4
+4+
3+6+
2+4+
821
0Su
iting
: Mid
dles
exC
+4
SS
+7
C0
RR
+2
+ 2
2—
1+
13
—1
—3
+4
+3+
1 +
3 +
13 +
321
3U
nder
wea
r: s
hirt
san
ddra
wer
s17
+10
CC
CC-f-il
CC
CC
C+16+ 3+10+7+1
CC
214
Und
erw
ear:
uni
onsu
its—
17+
10C
C +
31
CC
C +
17
CC
CC
C +
16(3
)(3
)+
2+
5R
R21
5B
road
clot
h+
1 —
2S
S—
12 +
9—
1R
R +
2+
10 +
2 +
615
— 1
1(3
)(3
)+
2+
5R
R21
6Fr
ench
ser
ge—
14—
2S
S—5
+4
CC
— 1
3 +
2+
10 +
2 +
180 +
1+
5+
2+
7 +
8R
R217
—18
+8+
6+8+
2+5+
3+12
+ 1
—11
— 2
+1
SS—
3+
5+2+
3+8
CC
218
Popl
ar c
loth
SS
SS
+ 2
6C
C —
1—
10+
10
+ 2
1 +
19
CC
+9
÷2+
4 +
7 +
9C
C21
9Si
cilia
n cl
oth
C —
8C
C +
26
CC
—1
—9
CC
+2+
100—
3 +
5+
3+
7 +
8R
R22
0W
orst
ed y
arns
:2-
32's
+5—
3+
6+8
32
1+7+
215+9—5+8
7+4+2+3—3 13+3+1
221
Worsted yarns: 2-
40's
—3—
6S
S5
0—1+
6—7
0+8—6+10—7—9+1+1
0—I
0+2
223
Linen shoe thread
+17 + 19
CC
+32
CC +
2 +
16C
CC
CC
—I
RR +
5S
S +
6226
Silk: raw, Japanese.
1.
—-
7(+
2—
9 +
112—
45 +
50—
5 +
3+
5—
1 +
1+
2—
14 #—18 +
5—1
228
Silk: raw,Japanese,
extra-extra
3_.
91 +
1—4——
2 +
125
+ 2
—7
50 +
2+
2—1
4+
5—
1
Fuei
and
Ugh
ting
232
coal:
brok
en,.—
3—.
6+61
+ 5
+27
+ 5
—9
I.C
.I.
C.
I.C
.I.
C.
C±
10
I.C
.+ 1
7+5+
13
RI
I.C
.R
1.C
.23
3A
nthT
acite
coa
l:.
ches
tnut
i—3—
4+
6±
13+
8+
10+
9I.
C.
I.C
.I.
C.
LC
.I.
C.+
11.
C.+
13R
RR
IC.
RI.
C.
234
3—-
4+ 6
+ 1
3+ 2
5R
RI.
C.
I.C
.I.
C.
I.C
. LC
+ 1
2I.
C.+
13B
.R
R1.
C.
RI.
C.
2.35
Ant
hrac
ite c
oal:
Ist
ove
—4f
+5+
13 +
22
RI. C.
I. C.
I. C.
I. C.
I. C.
1. C. +
13I.
C. +
13
RR
RI
1. C
.B
.I.
C.
236
Bitu
min
ous
coat
:K
anaw
ha11
+2
+ 2
2—3+
7 +
5 +
20
+2
+11
+ 2
4+
3 +
21—
15
16 +
li+3—
7C
237
Bituminous coal:
II
New
Riv
erI—
14
+ 1
3t+
3 +
16
+ 1
0(4
)+
80
SS
# +
30 +
11
+7+
33
1416
+71
+3
+ 1
4I
I
(3.
No
Quo
tatio
n.(4)
Strike
TA
BL
E X
(C
ont.) Pe
riod
sR
ef.
Commodity
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
No.
Low
Hig
hLow
Hig
hL
owH
igh
Low
Hig
hLow
Hig
hLow
Hig
hLow
Hig
hLow
Hig
hLow
Hig
hLow
Hig
hLow
(May
(Feb
.(M
ar.
(Oct
.(M
ay(A
pr.
(Jul
y(O
ct.
(Jul
y(O
ct.
(Feb
.(A
pr.
(Jun
e(S
ept.
(Nov
.(S
ept.
(Feb
.(M
ay (
Jan.
(Apr
.(J
une
—
____
____
____
____
___
1892
)18
93)
1895
)18
95)
1897
)19
00)
1901
)19
02)
1904
)19
07)
1908
)19
10)
1911
)19
13)
1914
)19
18)
1919
)19
20)
1922
)19
23)
1924
)
Fuel
and
ligh
ting
238
BIt
umin
ous
coal
:Po
caho
ntas
+7
+ 1
30 +
2+
221
—4
0 +
27
+I
1. C.
I. C.
I. C.
I. C. ÷
1315 —
16+
9+
33
+6
239
Cok
e+
7+
110
+16
00—
4+5
0—8+
8—6+
58
014
+3+
3—1
8+1
244
Mat
ches
C+18
0C
CC
C—
6C
CC
CC
C+
4C
CR
CC
C247
Petroleum: crude
+5
+ 1
67
—6+
81
—I+
14÷
14+
19S
S +
6+
7 +
9R
R +
7 —
51 —
7248
Petr
oleu
m:refined
fore
xpor
tS
S3+
3+9
10+14+14+11
SS+ 3+8+11
RR+ 8+7
0—9
249
Petr
oleu
m: r
efin
ed15
0°fire
test
SS
3+
6+
171
0 +
16+
14+
17S
S +
61 +
33R
R -I-
8÷
41
9
Metals
and
met
al
25oA
uger
sC
—2
CC—13+ 8+5
RR+15+25+ 8+6
C+14
RR+
9C
CC
251
Butts
+ 7
+ 1
0+2S
-f-3
2+1
0C
CC
+18+
8C
C+ 1+ 8+ 5+ 6+ 11+ 17+
8252
Chisels
C— 2+ 9+ 13+ 18+ 8+
5R
R+ 1+ 25+
8C
C+ 12
RR+ 9+ 11
CC
253
Doorknobs
CC+
1-f-
4S+
37+
6+
9+
26— 10+ 25+
8+6
C+ 1+ 5+
7+ 8
+6+ 17
S254
Files
SS
SS— 1+
4C
CS
SS
CC
S+ 8+
6+13+ 7+
7R
C25
5H
amm
ers
CC+ 8-1-28+23
RC
RC
CC+
8C
C+13
RR+11+17+ 6+7
258
Locks
C+ 17+
5-f-
8+6
8+12+ 17
S259
Pigiron:basic
+11+5+1
0+14—3+3+1
0—9+6—3+8—8 0—14+8+4+1— 7+4
260
Pigi
ron:
Bes
sem
er+
9+2—
21+2—2—9+1 0—4+8—3+8—6+5—14+8+4+2—7+4
261
Pig iron:
foun
dry
No.2,Northern
+ 8
+3
00+1
4—7+1
04+8—5+8—8+7 14+7+ 4+1— 7+1
263
Pig iron:
foun
dry
No.
2Sou
ther
n+
41+1+1
05—8+3
06+3—5+1—10+4 12+5+5+2
0+4
266
Bar
iron
: fro
mstore,Phila.
2—6
1— 1+4
39-1-6+4
1+15—1+10—6+4+3+5+5+3+4+5
267
Bar iron: from mill
Pitts
.0—7+1—1+2
68
4—6—22+15—4+6—3+4—6+8+5+4+6+6
269
Nails:wire
+9+
3—2+
13+
190
SS+
4+8+15+3+6—2+2—11+7—3+6+12+5
271
Planes
C+12
CC+31
RR
RC10+25+ S
CS+13
RR+
6C
CC
272
Saws:crosscut
CC
CC
CC
CC
CC
CC
CC+13
RR+13+
8C
C27
3Saws:hand
CC
CC
CC
CC+17
CC
CC
C+15
RR+13+
8C
C27
4Sh
ovel
sC+ 10
CC
14
CC+ 1+
29+
13+
24+
6+
17— 5+
11+
3+ 10+ 14+ .9
CS
276
Stee
lbill
ets
+9+
2— 2
—1
0—6
0+5
280
Steelrails
—17—2+3+14+18+4
3C
CC
CC
CC+18+ 5+10+6+8
CC
287
Trowels
CC
CC
CC
CC
CC
CC
CC+31
RR+14+13
CC
288
Vises
+1+
1+ 6+ 2+ 21
RR+ 11+ 22— 10+ 10+.
2S
S+ 4+ 4+ 10+
7+ 11+ 14-i-
15
289
Wire:fence
SS+
1-f
1-f-
3— 1— 6— 4+ 3+ 7+ 15— 1+ 6— 1— 4— 11+
7+ 5+ 6+ 12+
S
291
Woodscrews
R+ 13+
1+ 2+ 7+
8*-f
19-f
-14-f-
5+
2+ 1
2+ 8
+ 6
— 9
— 5
— 1
0+4+ 9+ 1+ 15
S293
Copper: ingot
2—
1—
90
811 +
14+
6—
7—
.5+
14—
2—
1—
110 —
18+
1—
9—
50
÷1
TA
BL
E X
(C
ont.)
____
____
____
____
____
____
____
____
____
____
____
____
__
Peri
ods
____
____
____
____
____
____
____
____
____
____
____
Ref
..C
onim
odity
(1)
(2)
(3)
(4)
(5)
(6)
(1)
(8)
(9)
(tO)
(II)
(12)
(13)
(14)
(15)
(16)
(175
(18)
(19)
(20)
(213
No.
Low
Hig
hL
owHigh
Low
High
Low
Hig
hL
owH
igh
Low
Hig
hLow
Hig
hLow
High
Low
Hig
hLow
High
Low
(May
(Feb
.(M
ar.
(Oct
.(M
ay(A
pr.
(Jul
y(O
ct.
(Jul
y(O
ct.
(Feb
.(A
pr.
(Jun
e (S
ept.
(Nov
.(S
ept.
(Feb
.(M
ay(J
an.
(Apr
.(J
une
1892
)18
93)
1895
)18
95)
1897
)19
00)
1901
)19
02)
1904
) 19
07)
1908
) 19
10)
1911
)19
13)
1914
)19
18)
1919
)19
20)
1922
)19
23)
1924
)
Met
als
and
mei
oA 0
0-du
cts
(con
i.)29
4Copper: sheet
SS
+4
0— 13—
3 +
7 +
11
+ 5
—3 +
21+
10—
80— 17 + 2—
8 +
40 +
1
295
Copper: wire
—4—
7 —
80 +
8 —
12+
6 + 6—
5—
3+
14
—4
+5
100
17 +
1 —
8—
40
+1
296
Lead:pig
+ 7
+2—
2—2—
8+1+
6+6—10— 7—1—3+ 9—li
0—15+ 3—2—10+12+1
297
Lead:pipe
SS
CC— 4+1—6+6+1—5+1—1+12—11+2—14+3+3—5
01t
298
Quicksilver
+9+
51—4—8+2
SS+10+ 7+6+12+23+1—5÷2+2—1—3—3—3
299
Silver
SS
12 +
9+
9 +
6+
18+
12—
3— 11 +
10+
7 +
2—11 +
9R
R—
410— 10— 10
300
Tin
:pig
4—8
0+1—7—1+6+5
0— 5—1+14+4—8—1 4+945+b0
0301
Zin
c: s
heet
SS
10
R -1-
12—
10 +
11+
13—
6—
3 +
15—
30
8—
338 +
4 +
5 +
50— 11
302
Zin
c: s
lab
SS
10—
8—
11
+1
+9
+1
8—
14
11
339+
3— 4
—4
1 +
1
Building
mat
eria
ls30
6H
emlo
ck: N
. Y.
SC
2 +
6+
10 +
1+
8C +
9+
2 +
. 11
17 +
10+
11R
R +
7 +
11I. C.
I. C.
308
Map
le:N
.Y.
CC
CC
+ 2
70+
2+
14+
8+
7+
27
RR
C+
16+
8+
6+
8+
8+
54
310
Oak
: whi
te, p
lain
,N
.Y.
—3+
12
CC+ 20+ 2+
1R
R— 5+ 17
I.C.
I.C.—
3+ 11
RR
03+
2+8
312
Oak
: whi
te, Q
uar-
tere
d,N
.Y.
C+
12+
1-f-
22+
24+
1+ 1
+ 2
1+ 1
8C
C+
13+
19+
14+
30+
3+
3+
5—
3+
16+
631
3Pj
ne:w
hite
boar
ds+
4+
7S
5+ 20+ 11
1+ 14+ 10+ 7+
11+
18+
26
C+
26+
4+
5+
7+7
0S
317
Pine: yellow siding
CC
SS +
6 +
I —
2C
0C
+ 1
07 +
5 —
3+
12R
R +
1 —
5+
1 +
3319
Poplar: N. V.
+6+
10C
C + 20 +
2+
1+
20+
18—
5+
17 +
7 +
20 +
1+
13+
31
+3—
3+
+7
321
Spruce
—4+
25+ 20+ 24+ 1— 11— 2— 14— 13+ 6— 10+
4+ 8+ 15
RR
0+ 3+
1+4
323
Shin
gles
:cypress
SS
SS ±
7C
C —
5—15
0 +
18—
1 —
7—6
÷11
RR —
1+
8C
C324
Shingles: red
ceda
r +
6+
7S
S +
25
RR +
20+
17—
2 +
90
+8—
12 +
816
4— 3— 10—
80
327
Brick
+3+
16— 7+
.5
210+16— 3—20+ 7$—lI— 6— 4+
1R
R+ 2— 1+ 3+10
335
Doors
+ 5
—1
S5+2
RR
-f-2—7+4+22—1+9
338
Lim
e+
3+2+
10+
5—5—
23—
10R
RC
C+17
RR— 5—4+2
SS
S+ 3
—1
(5)
+ 1
+6
S344
Gla
ss:w
indo
w,A
+ 3
+15
+4+
15—
1—5—
16—
18—
9—11
+5+
5+12
RR
+ 6
+5—
5+8+
15+
1734
5Glass:window,B
+ 3
+15
+4+
15__
1_5_
16_1
8_9_
10+
5+5+
12_3
_2+
6+55
+8+
15+
1734
8L
inse
edoi
l—
2+6—
16—
2+
2±
7—
6—
14—
6+
1+
3+
11+
19-I
-11
0—1
09—
90—
234
9Putty
+3+
19C
C +
20
+ 1
1 +
9+
5+
4C
C—
3C
C +
14—
2 +
10—
1S
SC
350
Ros
in+
5+
1—18
+7+
29+
9+2
RR— 4+7+12+2—20+7+2+3
0—9
00
352
Tar
SS—
10*—11± 11+ 8— 3+ 19+
8— 6
+ 1
3+ 8
+ 8
+ 5
+ 1
1— 8
— 1
1+2+
7C
(6)
353
Turpentine:spiritsof-f-
4+ 1—
19—
6—
80—
2+
6—
14—
7+
8+
12+
18+
5+10
RR
1— 1
0— 1
+6
354
Lead:carbonateoi —
11—
2— 13+ 3— 3+ 10+ 18+ 9+ 4— 9+ 22+ 19+ 12+ 2— 11+ 3+ 8+ 5+ 9+ 2—
6
355
Zinc:oxideof
—5—
13+ 3+ 4+ 7+ 2—
8C+ 16+ 2+ 20+ 19+
17
C+ 7— 9+ 10+
5+ 11+ 2+ 13
Chemicals
and
drug
s35
7Acid:muriatic
+ 3
—1—
34—5
RR— 6
CC
CS
CC+ 7—5+5+6
SS
S360
Aci
d: s
ulph
uric
—14
—2
CC—
6R
R—
915— 28
CC
CC +
7—5
+6+
1+
15 +
9C
362
Alcohol:wood
—12
+7—
11+
12—
50+
7+
97
10+
3C
C6+
11—
7—
9+
4+
7+
4+
1
363
Alum
—3+
16+
7+15
—2
CC+
514
CC
CC
C— 3+2+8+6+7
CC
377
Soda:
bica
rbon
ate
of+
7 —
1S
S +
29j+
6 +
13+
14C +
4C
CC
C +
11÷
2+
13+
5 +
13+
4C
381
Sulphur
SS
SS—
11
9C +
11
(5)
Change
ofgrade.
(6)
Dis
cont
Inue
d.
TA
BL
E X
(C
onc.
)
____
___
____
____
____
__
Per
iods
Com
mod
ity(2
)5)
(t)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
No:
Low
Hig
hL
owH
igh
Low
Hig
hL
owH
igh
Low
Hig
hL
owH
igh.
Low
Hig
hL
ow H
igh
Low
Hig
hL
owH
igh
Low
(May
(Feb
.(M
ar.
(Oct
.(M
ay(A
pr.
(Jul
y(O
ct.
(Jul
y(O
ct.
(Feb
.(A
pr.
(Jun
e (S
ept.
(Nov
. (Se
pt.
(Feb
. (M
ay (
Jan.
(Apr
.(J
une
—__
____
____
____
____
1892
)1893)i
1895
)18
95)
1897
)19
00)
3901
)19
02)
1904
)19
07)
1908
)19
10)
1911
)19
13)
1914
)19
18)
1919
) 19
20)
1922
)19
23)
1924
)
Che
mic
als
and
drug
sfr
ont.,
I
382
+0 —
1—
.6—
90
—13
—5—
17+
1+
80
+3
+10
+1
0— 1
0—7
10
393
Alcohol: grain
±7
—--
1.—
9—
4—2
7 —
11—
10—
9R
R—
10—
16—
11+
7 +
6 +
7R
R396
Glycerinc
SS— 7+7+11
14
SS+28+ 5+6+8+9+12+6—9+2+ 4—
31—11
397
Opium
-f
3+ 13 ±
6 +
10—
220 $—25 +
100—
1 +
18+
1—7— 19-i— 12—
7 +
13+
80
RR
400
Qui
nine
-f
10+ 16 +
9 +
31+
212 +
14+
S +
2.8—
8C
C+
10 +
14+
6+
5 +
9+
4C
CC
Hou
se-f
u.-
nish
ings
I
405
Bed
room
SS
CS'
+16
+8
+9
C +
17+
7C
C +
6C +
13R
R +
6 +
9 +
14
S406
Bed
room
SS
S÷
7C
+5
C +
23
+8
+ 2
0R
R +
3 +
13
+3
+3+
6+
8+
3S
412
Kitchen chairs
—,
5-I-
10
C + 26 + 16 +
7+
9+
15 +
23
+ 1
6R
+6
C +
16
+3
+3
+5+ 11 +
3S
414
Kitchen
C +
10C +
2 + 25
CC
C +
23C +
23C +
6C + 15
RR +
7 +
8 +
3S
417
Axm
inst
er+
7+
10S
S +
1 +
8 +
15
RR +
6C
C +
10+
1 +
5 +
5+
2+
5+
3 +
12
+4
418
Carpets:Brussels
—17
—11
CC
+1
C+
15
RR
+ 6
+ 1
4C
+ 1
0+1+
5+
5+
1+
11+
8+
12+
441
9W
ilton
—17
—14
CC -f
1R
CR +
5 +
6 +
14.
C +
10
+1
—1
+5
+2
+5
+S
+ 1
2 +
242
2PaiL
SS-l-10+11-j-12
CC
RR+15
C+ 8-f-20
RR
RR+
3-i-
3+1—
S42
3Sheeting: 10-4
Peppereli
+12+6+ 2-i-
3+10+ 2—11+20+10+ 3+11
1+8+3+2+3+3
3— 6+1÷15
424
She
etin
g: 1
0-4
I
Wam
sutta
+ 6
± 5
+81
C+
29+
14+
27+
3+
10+
12+
17+
13+
4+
3+
1+
3+
11
CC
425
Nap
pies
Cl
CC
+2
+43
CC
CC
+2
CC
+30
RR
RR
+7
SS
S42
6Pitchers
CC
C +
14
+43
CC
+ 1
4C
+9
+ 1
0+
30 +
15 +
13
RR
+7
+11
+ 1
7 +
20
427
Tumblers
—-
1714
SS
+ 3
1C
+5
+2
C +
7C
+8
+ 1
8 +
15
+ 1
3 +
6C
+7
+8
+5
+4
428
Plate,
SC
SS +
7C
C +
2C
C +
25
CC
C +
16
RR
+ 1
2 +
11 +
20
C42
9Teacups and saucers
SC
SS
+7
CC
+2
CC
+ 2
5C
CC
+ 1
6R
R +
12
+ 1
1 +
20
C43
0Tickings: Amoskeag +
7 +
70
+5
+ 1
9 +
9+
1 +
20
+ 1
1 +
2 +
8 —
1—
104
+ 1
0 —
1+
2 +
2 —
6+
8S
431
Tub
s-
S--
iiC
C +
30
CC
C +
31
CC
+ 2
0 +
20
RR
RR
+2
+3
÷1
÷ 1
3M
;sce
hane
ous
433
Cot
tons
eed
mea
l-f
4 -f
1 —
1+
3 +
14
+7
0 —
9+
7 —
14+
12
2 —
130
RR
—6
—9
110
436
Lea
ther
: cal
f—
-11
——
9-—
--2
+1
+1
—19
+6
+ 1
4 +
11
+2
+ 1
12
2 +
7 —
3—
2117
—2
+4
6 +
143
8L
eath
er: h
arne
ssoa
k -I
-3
± 1
5 —
-6
+1
+3
—1
—1
+ 1
0 +
4—
5 +
71
2C
—4
+1
0—8
+3
6 +
244
0L
eath
er: s
ole
oak
0) +
9 —
1+
1 —
12+
1 —
S—
7+
2 +
2 +
50
0 +
10
+7
—18
10 +
20
10 +
444
1L
eath
er: s
ole
oak,
I
scou
redb
acks
14-
0—1—
6—2—
2—8
0—9
3—9+
4+3+
144
3Pa
per:
new
spri
ntS
SS
S +
29
+1
+3
+S
+ 2
5 +
9 +
26
+ 1
0 +
10
+25
+ 1
3 —
1511
+6
+3
+ 1
4C
444
Pape
r: w
rapp
ing.
Man
ila-I
-3
+7
—15
+ 2
7+
11R
R +
23+
28+
5C
C —
1+
18 +
15+
5+
4 +
4—
3R
R448
Jute
-—9—
1— 4
+ 1
3+ 2
1+ 5
+ 4
+ 1
0—7
10+
16+
14+
3+ 4
+ 1
+1+
27_
1—
3—8
450
—7—
3+5+
1+5—
4—8—
3—17
—2+
26+
7+8—
1+5+
2+8+
5—6+
3_4
451
--8
0—7
+1—
15
0 +
13
RR
— 2
8 +
1 +
1 +
1— 1
70
0 +
4—
6 +
2—2
045
59
2t +
2 —
2—
7R
R +
3+
17R
R —
8+
1 +
1 —
3—
13—
6+
8C
C4
456
N8
CC
14C
C1
CC
CC
CC
1C
CC
C
APPENDIX 519
TABLE XI
MEASURES DESCBiIflNG CYCLICAL MOVEMENTS IN THE WHOLESALE PRICES OF 24REPRESENTATIVE COMMODITIES
1890-1925
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)Periods Devia- Devia- Dura- Dura- Dura- Percentage Change Index
tion of tion of tion of tion of tion of Rise as Rise as Fall as of cy-low high rise fall cycle per cent per cent per cent clicaL
from from low to of pre- of en- of varia-refer- refer- low ceding suing ceding bilityence ence low high high (8)+(9)date1 date1
2mos. mos. mos. mos. mos.
13 CaWe: steers, choice to prime1- 2 + 1 0 8 15 23 26.7 21,1 23.5 22.33—4 —10 —6 ii 13 24 36.1 26.5 30.4 28.4.5-- 6 —12 — 6 41 6 47 58.4 36.9 16.4 26.67— 8 —15 — 2 28 11 39 47.9 32.4 35.6 34.09-40 -—-12 — 3 48 7 55 32.0 24.2 17.6 20.9
11-42 0 + 2 28 11 39 44.5 30.8 25.3 28.013—14 — 1 +12 40 7 47 68.6 40.7 20.8 30.715—16 + 5 + 4 45 5 50 138.9 58.2 20.0 39.11.7—18 ± 4 — 6 5 19 24 20.4 17.0 55.3 36.1
— 7 — 5 17 5 22 47.0 32.0 22.2 27.121 —14
Averages2 — 5.5 — 1.0 27.1 9.9 37.0 52.0 32.0 26.7 29.3— 1.5
16 Hogs: light1—2 —5 0 14 24 38 117.4 54.0 50.1 52.03— 4 — 1. 3 5 14 19 29.3 22.7 36.5 29.65—6 —. 8 0 43 8 51 72.5 42.0 12.2 27.17— 8 — 7 1 21 27 48 56.1 36.0 41.1 38.59—10 ± 5 8 26 12 38 56.4 36.1 38.8 37.4
11—12 0 1 25 14 39 143.2 58.9 42.6 50.713—14 — 1 2 26 29 55 53.6 34.9 32.0 33.415—16 +13 0 33 4 37 221.4 68.9 13.2 41.017—18 — 1 —10 6 28 34 28.6 22.2 69.3 45.719—20 — 2 -— 9 8 17 25 55.7 35.8 34.9 ' 33.3
-f-— —Averages — 1 2 3.4 20.7 17.7 38.4 83.4 41.1 37.1 39.1
—3.81(The figures in columns (2) and (3) indicate the number of months by which the price turns of specific
commodities precede (—) or lag behind (+) the major turns of the general price index. The symbols I. C.,C, S and R represent, respectively, irregularly constant, constant, sagging and rising prices. The dates ofthe reference points are given on page 81 of the text. For a decailed explanation of the method employed
for an explanation of the periods, see text pp. 78-82.explanation of the second set of averages see points 3 and 5, pages 89.90.
17 Sheep: western ewes
25 CoUom
520 APPENDIX
TABLE XI (Cont.)
(1)Periods
(2)Devia-tion of
lowfromrefer-encedate
mos.
(3)Devia-tionofhighfromrefer-encedate
mos.
Dura-tion of
rise
mos.
(7) (8)Percentage
Rise as Riseper cent per cent
(9)Changeas Fall
(5)Dura-tion of
fall
mos.
(6)Dura-tion ofcyclelow to
'ow
mos.
as
of pre-ceding
low
of en-suinghigh
per centof pre-cedinghigh
(10)Indexof cy-clicalvaria-bility
(8)+(9)
2
—10—7
0—5—6—1—5—5—1
0
—4.0—3.9
85
536
41272056
722
24.5
51.076. 1
132.976.2
107.8118.083.0
283 .9101.4181.4
308
1918
8174
1714
2
13.7
38137224494424732124
38.2
33.843.257.1
.351.954.145.474.050.464.5
121.2 51.8
63.635. 3
46.349.441.256.732.952.781.136.4
49.6
42.340.923.953. 730. 743.845.826.572. 2
48.739.251.746.346.555.439.163.365.750.4
50.7
35.839.836.151.038.544.139.452.655.1
1— 23— 45— 67— 89—10
11—1213—1415—1617—1819—2021
Averages
1— 23— 45— 67— 89—10
11—1213—1415—1617—1819—2021
Averages
1— 23-. 45— 67— 89—10
11—1213—1415—1617—1819—2021
Averages
—20
+5+17—2+4+1
0—1+8
—9—5—18+4—8—2+2—15+7—7—12
— 5.7
—2—1+18+4+6+10+6±1
0—10
S
+3.2
+1—9—13—12—4+1—2—18—11—9—1
— 7.0
98
2228312022451433
26371410161614
S11
354536384736365025
41.763.393.593.786.580.149.5
371.761.2
203.4
29.438.848.348.446.444.533.178.838.067.0
23 2 16.5 38.7
42 Hides
114.5 47.3 42.2 44.7
—5—2—4—1—10—5—10—10—9—5
3144426332019541719
24.9
24225144483725583737
2187
18151764
2018
13.4
30.5164.1108.642.756.890. 7
112.397.7
125.7
88.6
23.462.152. 129.936.347,636.352.949.455.7
44.6—6.1— 5.7
47.450.524.429.542.829.216.925.580.647.8
39.5
35.456.338.229.739.538.426.639.265.051.7
42.038.3
APPENDIX 521
TABLE XI (Cont.)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)Periods Devia- Devia- Dura- Dura- Dura- Percentage Change Index
tion of tion of tion of tion of tion of Rise as Rise as Fall as of cy-low high rise fall cycle per cent per cent per cent clical
from from low to of pre- of en- of pre- varia-refer- refer- low ceding suing ceding bthtyence ence low high high (8)+(9)date date —
2mos. mos. mos. mos. mos.
47 Milk1— 2 + 2 0 7 16 23 62.5 38.5 43.7 41.13—4 —9 +3 19 29 48 63.9 39.0 41.7 40.35— 6 +13 + 8 30 6 36 85.7 46.2 38.5 42.37—8 — 1 + 2 18 30 48 87.5 46.7 46.7 46.79—10 +11 +14 42 6 48 100.0 50.0 43.8 46.9
11—12 +16 + 8 18 6 24 88.9 47.1 41.2 44.113—14 0 — 9 18 17 35 70.0 41.2 37.4 39.315—16 —6 + 3 55 4 59 245.9 71.1 28.3 49.717—18 + 2 ±19 32 6 38 34.8 25.9 39.3 32.619—20 + 5 + 6 16 9 25 55.5 35.7 32.2 33.921 +1
Averages + 3.1 + 5.4 25.5 12.9 38.4 89.5 44.1 39.3 41.7+5.7
56 Wool1— 2 0 + 2 11 26 37 10.0 9.1 47.1 28.13—4 + 3 + 6 10 5 15 18,7 15.8 10.5 13.15— 6 — 8 — 2 41 16 57 105.9 51.4 30.0 40.77— 8 — 1 R 51 121 46.9 32.09—10 R —25 70 23.9 27.9
11—12 S S13—14 + 1 —13 13 17 30 14.3 12.5 20.3 16.415—16 —10 + 3 59 1 60 218.3 68.6 19.4 44.017—18 — 1 — 1 15 18 33 51.8 34.1 65.8 49.919—20 —3 + 1 19 13 32 92.9 48.2 24.1 36.121 0
Averages— 2.1 — 3.6 27.4 20.7 48.1 69.8 34.0 30.1 32.0—4.6 24.0 13.7 37.7 73.1 34.2 31.0 32.6
226 Silk: raw, Japanese, Kansal No. 11—2 —7 + 2 18 14 32 38.5 27.8 .39.3 33.53—4 —9 + 1 17 6 23 28.8 22.4 24.4 23.45— 6 —12 — 4 43 14 57 75.1 42.9 39.6 41.27— 8 — 5 + 5 25 16 41 29.4 22.7 18.2 20.49—10 0 — 5 34 12 46 60.4 37.7 38.1 37.9
11—12 + 3 —13 10 32 42 22.4 18.3 22.9 20.613—14 + 5 — 1 21 16 37 23.7 19.2 29.3 24.215—16 + 1 + 2 47 2 49 144.0 59.0 18.7 38.817—18 — 1 4 12 6 18 199.1 66.6 72.9 69.719—20 —18 + 5 38 8 46 112.7 53.0 51.0 52.021 —1
Averages —4.0 — 1.2 26.5 12.6 39.1 73.4 37.0 35.4 36.2— 1.6
522 APPENDIX
TABLE XI (Cont.)
(1)Periods
(2)Devia-tion of
lowfromrefer-encedate
mos.
(3)Devia-tion of
highfromrefer-encedate
mos.
(4)Dura-tion of
rise
mos.
(7) (8) (9)Percentage Change
Rise as Rise as Fall as
(5)Dura-t.ion of
fall
mos.
(6)Dura-tion ofcycle
low tolow
mos.
per centof pre-ceding
low
(10)Indexof cy-clicalvaria-bility
(8) +(9)
2
per centof pre-cedinghigh
per centof en-suinghigh
81437
Anthracite coal35 4314 2814 51
1— 23— 45— 67— 89—10
11—1213—1415—1617—1819—2021
—3+6+8+9
"C.I.c.
+1+13
RI.C.:LC.
—4+13+10
I.I-r.I.RItIt
C.C.C.C.
40.446.632.0
28.831.824.2
41.414.611.4
Averages +6.3+6.3
19.7 21.0 40. 7 28.3 22.5
237 Bituminous Coal36 15 18.820 13 26.755 525.0
5133
149
21.115.8
73.0
+5.7
—14+3+10+8
S+30+7—3—16+3+14
+4.2+6.4
+7—10
0—4
0+8+5
0+3—1+1
94
1083
1631
23. 713.7
289 Coke
1— 23-.. 45— 67— 89—10
11—1213-4415—1617—1819—2021
Averages
1— 23— 45.- 67— 8
011—i 213—1415—1617—1819—2021
35. 123.217.8
25.4
18.418.4
78.5
8.315.651.651.350.3
36.530.5
29.738.356.358.659. 146.557.978.078.878.6
58.2
613414850
7687
1
+13+16Strike
0S
+11+3—14+7—3
+ 4.1+6.7
+1+16
0+5—8—6—8—14+3—8
— 1.9—.5
7233538
9
27.924.0
33335243112143215
8
20.7
15.821.1
.0
10.017.661.533.950.6
39.332.9
7,951.162.753.060.147.457.987.475.379.5
58.2
1731385440
51.637.7
17364640513736543131
37.9
11.121.4
159.6116.8102.3
122.765.2
8.6104.3167.9112.8150.390.0
137.4690.3304.9383.5
215.2
143
1116202522221623
17.2
33.828.2
51.625.549.964.258.145.657.968. 782.477.8
58.2Averages + .8
259 Pig iron. basic
27.714.340.519.049.711.236.458.448.726.6
20.920.643.021.6.50.8
9.534.063.741.228.7
APPENDIX
TABLE XI (Cont.)
(1)Periods
523
(2)Devia-tion of
lowfromrefer-encedate
mos.
(3)Devia-tion of
highfromrefer-encedate
mos.
(4)Dura-tion of
rise
mos.
(5)Dura-tion of
f all
mos.
per cen
(7) (8) (9)Percentage Change
Rise as Rise as Fallt
(6)Dura-tion ofcycle
low tolow
mos.
asper cent per cent
of pre-ceding
low
of en-suinghigh
(10)Indexof cy-clical
varia-bility
(8) +(9)
2
of pre-cedinghigh
1— 23— 45— 67— 89—10
11—1213—1415—1617—1819—2021
Petroleum:2
33152131
24720
8263044
2864
crude2241415175
+57
+8—1+14
S69R5
—7
+2.4
++
73.9121.0158.579.440.2
42.654.761.344.328.7
16
9.563.737.532.627.0
46.04472
Averages
19
26.059.249.438.427.8
47 692351
88
39
27
48.077.9
43.777. 8
29.925.0
63.140.2
+16—6—1+14+19
S+7
R+7—1
+6.9+6.9
+50
—3+1—.9—3—8—14+4—7
—3.4— 2.2
16.714.7
70.541.9
4637
.6
.7124 491.9
50.146.2
39.941.8
45.044.0
1— 23— 45— 67— 89—10
1.1—1213—1415—1617—18'19—2021
Averages
+11+1+14+3
01+6+8
0+8+1+4+ 5.1
3 21 24 2.96 33 39 20.8
1.8 21 39 122.213 20 33 60.530 19 49 84.117 23 42 14.711 22 33 23.832 27 59 320.711 17 28 88.4
7 25 32 83.8
14.8 23.0 37.8 82.2
293 Copper: ingoe
20.022.438.039.938.221.323.751.063.441.8
11.419.846.538.841.917.021.463.635.143. 7
2.817.255.037.745,712.819.276.246.945.6
35.9
1
0
36.0 35.9
1— 23— 45— 67— 89—10
11—1213—1415—1617—1819—2021
+ 6
—2—9-—8+14—7+14
0+1—5+1
101632
741101728
520
—2—11—18
17ii40
8231525242415
27277215642542522935
16.636.983.332.1
108.28.5
46.3222.751.044.40
14.226.945,324.352.0
7.931.669.033.830.8
Averages .2 15.3
187
6 20 2 38.8 65.0 33.6 33.2 33.4
524 APPENDIX
195 Print ekiths
(1)Periods
TABLE XI (Cont.)
(2)Devia-tion of
lowfromrefer-encedate
mos.
(3)Devia-tion ofhighfromrefer-encedate
mos.
(4)Dura-tion of
rise
mos.
(5)Dura-
tion offall
mos.
(6)Dura-tion of
cyclelow to
low
mos.
(7) (8) (9)Percentage Change
Rise as Rise as Fall asper centof pre-ceding
low
per centof en-suinghigh
per centof pre-cedinghigh
(10)Indexof cy-clicalvaria-bility
(8) +(9)
2
0
+1
1— 23.- 45— 67— 89—10
11—1213—1415—1617—1819—2021
—90
+12—1+10+7+5+1+1—6
S
7
02951
8
167
2033291713401329
•21.7
38.640.434.233.542.928.035.351.173.9
Averages
34.232.141.136.246.128.730.666.267.5
+2.0 +.3+9
273117141121241115
19 0
210 Suiting:54
2428124
224
21.115.7
433837474038375128
39.9
Middlesex
144
3125573529
53.535.4
42.0 42.7
32.3
42.631.292.263.997.441.735.0
436.9157.888.4
108. 7
63.3
5.76.1
196.917.630.2
53.331.3
7.5119.1144.4
26.514.718.8
132.337.324.0
60.5
29.923.848.039.049.329.423.981.461.46.9
43.5
38.8
5.45.7
66.315.023.2
25.723.1
7.034.459. 1
20.912.815.860.427.219.4
30.8
1— 23— 45— 67— 89—10
11—1213—1415—1617—1819—2021
Averages
1— 23— 45— 67— 89—10
11—1213—1415—1617—1819—2021
Averages
C
+70R
+22+13—3+3+3+3+6.0
+9—2+19
S+4+15+6+2+7+6+5+ 7.1
+4SCR
+2—1—1+4+1+13
+3.1+ 3.0
+3+13
0S
+8+3—2—it—3+12
+2.6+4.2
120
313531325
37.821.4
32216
43141933
521
19.619.6
269 Naile: wire
7.911.48.6
10.537.02.4
15.713,0
33. 157.148.5
20.917.914.518.345.78.1
29.3
23.38.47.1
38.426.012.8
20.718.0
20.055.753.8
20.913.315.139.336.413.7
30.0
202555
1117182329
7
22.818.7
234771
543137563428
42.338.7 60.5 30.8 26.9 28.8
APPENDIX 525
TABLE XI (Cont.)
(1) (2) (3) (4) (3) (6) (7) (8) (9) (10)Periods Devia- Dura- Dura- Dura- Percentage Change Index
tion of tion of tion of tion of tion of Rise as Rise as Fall as of cy-low high rise fall cycle per cent per cent per cent dical
from from low to of pre- of en- of pre- varia-refer- refer- low ceding suing ceding bilityence ence low high high (8) +(9)date date —
2
mos. mos. mos. mos. mos.
U6 Lead: pig1— 2 + 7 + 2 4 21 25 8.8 8.1 25.2 16.63—4 — 2 — 2 7 13 20 17.4 14.8 23.5 19.15—6 —8 + 1 44 20 64 72.6 42.1 15.4 28.77—8 + 6 + 6 15 5 .20 16.8 14.3 12.0 13.1
9—10 —10 — 7 42 10 52 55.2 35.6 42.0 38.811—12 — 1 — 3 24 26 50 27.8 21.8 13.4 18.613—14 + 9 —ii 7 25 32 27.5 21.6 31.4 26.515—16 0 —15 31 23 54 228.5 69.6 55.7 62.617—18 + 3 — 2 10 12 22 80.4 44.6 55.4 50.019—20 —10 +12 37 3 40 126.8 55.9 23.7 39.821 +1__
_________ _________
Averages — 5 — 1.9 22.1 15.8 37.9 56.2 32.8 30.0 31.4—.4
300 Tin: pig1—2 —4 —8 5 33 38 9.1 8.4 38.9 23.63— 4 0 + 1 8 11 19 10.9 9.8 12.9 11.35— 6 — 7 — 1 41 22 63 169.7 62.9 33.6 48.27—8 + 6 + 5 14 16 30 35.4 26.2 16.6 21.49—10 0 — 5 34 8 42 67.5 40.3 37.8 39.011—12 — 1 +14 41 4 45 80.4 44.6 16.8 30.713—14 + 4 — 8 15 21 36 25.7 20.4 38.5 29.415—16 —i —4 43 18 61 224.6 69.2 46.0 57.617—18 + 9 —4 2 19 21 17.1 14.6 58.1 36.319—20 — 5 +10 30 4 34 98.1 49.5 19.3 34.421 0
Averages + .1 0 23.3 13.6 38.9 73.8 34.6 31.8 33.2
+.4166 Shoes: men's
1-2 C C3-4 C C5-6 C C7—8 — 7 R 72 96 20.1 16.79—10 C —10 24 3 8 10.2
11—12 +10 0 16 24 40 8.9 8.2 1 6 4.913—14 +10 R 97 128 220.0 68.715—16 R R17—18 R 0 31 . 33.9 31,319—20 +11 — 3 1 23 24 3.1 3.1 4.6 3.821 +6
Averages + 6.0 — 3.3 46.5 25.5 72.0 63.0 24.2 11.0 17.6— 3.3 8.5 25.5 32.0 6.0 5.7 11.0 8.3
526 APPENDIX
TABLE XI (Cont.)
276 Steel billets
280 Steel rail,s
(1)Periods
(2)Devia-tion of
lowfromrefer-encedate
mos.
(3)Devia-tion ofhighfromrefer-encedate
mos.
(7) (8)Percentage
(4)Dura-tion of
rise
mos.
(5)Dura-tion of
fall
mos.
(9)Change
Rise as
(6)Dura-tion ofcycle
low tolow
mos.
Rise asper centof pre-ceding
low
per centof en-suinghigh
per centof pre-cedinghigh
(10)Indexof cy-clicalvaria-bility
(8)+(9)
2
23284148572936382932
21201228262120272019
21.4
5.464.6
197.392.755.419.648. 1
426.362.360.7
5.139.366.448.135.616.432.581.038.437.8
28
292031
81631
913
16.7
241821
214
34.942. 759.539.824.130.033.361.555.221.1
38.1 103.2 40.1 40.2
3023
8
1— 23— 45— 67— 89—10
11—1213—1415—1617—1819—2021
Averages
1— 23— 45— 67— 89—10
11—1213—1415—1617—1819—2021
Averages
1— 23— 45— 67— 89—10
11—1213—1415—1617—1819—2021
Averages
+9—2
0—9+3+17+6+1+8+2+5+3.6
—17+3+18—3
CCC
+18+ 10+8
C
+5.3
SC
—4—6+1+1+12+2+3—5—11
8
+2—1—6—4—5—1—5—14+2
0
— 3.2— 2.0
—2+14+4
CCCC
+5+6C
+5.2+5.5
SC
+1+6—5—1—11—14+3
0
— 2.6— 1.0
5.327.3
105.9111.5
16.77.5
544129
224
33
76.239.2
3.021.451.452 . 7
14.37.0
1011 22
57.6 18.618.5 18.6
20.041.062.943.929.23.232.971.246.829.4
40. 1
15.830.338.5
35.419.0
26.023.2
26.519.438.816.220.858.245.429. 7
31.9
45.732.5
297 Lead pipe
25.319.8
26.739.325.7
18.223.8
26.726.7
17.420.041.010.325.050.451.513.3
28.6
40273324
4301520
24.1
81610272722123
15.6
4843435131522723
39.7
1
55.623.257.928.320.094.664.685.8
66.3
35.718.936.722.216.766.139.346.2
35.2
Because ofof decline (orequal to the
APPENDIX
TABLE XI (Conc.)
527
(1)
Periods(2)
Devia-tion of
lowfromrefer-
encedate
mos.
(3)
Devia-tion of
highfromrefer-encedate
mos.
(4)Dura-tion of
rise
mos.
(5)Dura-
tion off all
mos.
(6)
Dura-tion ofcycle
low tolow
mos.
(7) (8) (9)Percentage Change
Rise as Rise as Fall asper cent per cent per centof pre- of en- of pre-ceding suing ceding
low high high
(10)Indexof cy-clicalvaria-bility
(8)+(9)
2
1— 23— 45— 67— 89—10
11—1213—1415—1617—1819—2021
Averages
+90
—6—2
0—7—— J
R—3+4+1—.8
441 Leather: so'e oak, scoured backs+12 12 13 25 2.9—1 6 14 20 36.2—2 39 15 54 35.1—8 9 29 38 16.4—9 30 6 36 24.6+2 35 8 43 19,2R 82 93 121.1
—9 11
—9 9 33 42 33.8+3 14 12 26 8.0
— 2.3 26.2 15.7 41.9 33.0— 1.5 19.2 15.7 35.5 22.0
17.127.813.016,7
9.912,6
2.926.626.014.1
19.816.154.8
25.27-4
21.417.3
10.027.219.515.414.814.3
31. .538.314.3
20.t;18.5
85121
.3
.5
.3
19.819.8
the presence of measures relating to periods of rise without corresponding measures for periodvice versa) the sum of averages of the figures in columns (4) and (5) is not in all caseaverage of the figures in column (6).
TA
BL
E X
IIM
EA
SUR
ES
DE
SCR
IBIN
G T
HE
BE
HA
VIO
R O
FC
OM
MO
DIT
Y P
RIC
ES
DU
RIN
G P
ER
IOD
S O
F R
EvI
V.ti
.R
EC
ESS
ION
IN
AM
ER
ICA
N B
USI
NE
SS, 1
890-
1925
Ave
rage
s re
latin
g to
Tim
ing,
Dur
atio
n an
d A
mpl
itude
of
Cyc
lical
Mov
emen
ts.1
(1)
(2)
Ref.
Com
mod
ityN
o. o
fN
o.cy
cles
ob-
serv
ed
(4)
(5)
(6)
(7)
(8)
(9)
Behavior
duri
ng r
eviv
al(10)
(ii)
(12)
(13)
(14)
(15)
Behavior
duri
ng r
eces
sion
(16)
(17)
(18)
Average
dura
tion
ofR
ise
Fall
Cyc
lein
inin
inos
.m
os.
mos
.
.
(19)
(20)
Av.
per
cent
age
Inde
xof
of c
y-R
ise
Fall
clic
alba
sed
base
dV
ama
on e
n-on
pre
bilit
ysu
ing
cedi
nghi
ghhi
ghva
lue
valu
e
Con
- Sa
g-st
ant g
ing
Ris
-in
gT
urns
ob-
serv
ed
Av.
time
as a
de-
viat
ion
inm
onth
sfr
om the
refe
r-en
ceda
te
Av.
per-
cent
-ag
e cf
rise
base
don
pre
-ce
ding
low
valu
e
Con
-st
ant
Sag-
ging
Ris
-in
gT
urns
ob-
serv
ed
Av.
time
as a
de-
viat
ion
inm
onth
sfr
om the
refe
r-en
ceda
te
Av.
per-
cent
-ag
e of
fall
base
d-on
pre
cedi
nghi
ghva
lue
10
11
—5.5
91.9
10
—6.4
39.9
22.1
15.2
37.3
41.9
39.9
40,9
2*Corn
91
10
— 1
.088.0
19
— 4
.7—
3.7
40.0
20.4
19.2
39.7
43.1
40.0
41.5
4 tO
ats
91
10—
3.3
97.3
.
.
19
— 6
.6—6.6
44.1
22.2
19.0
41.2
44.8
44.1
44.4
58
11
9—
9.6
96.8
96.8
11
8—10.2
—10.9
39.4
42.6
24.0
24.0
20.7
18.6
44.7
37.9
40.6
40.6
39.4
42.6
40.0
41.6
6 5W
heat
63
17
—13.4
114.5
120.7
31
6—16.3
—16.4
41.0
35.6
34.8
29.6
22.0
18.8
56.8
49.7
47.1
47.5
41.0
35.6
44.0
41.5
13 Cattle: choicetoprime
10
11
—5.
552.0
10
— 1
.026.7
27.1
9.9
37.0
32.0
26.7
29.3
14
Cattle: good to choice
10
11
—1.8
48.1
10
—0
24.3
25.7
i3.2
.38.9
30.2
24.3
27.2
15
Hogs: heavy
10
11
— 2
.583.4
10
— 3
.8—
4.2
36.9
21.2
17.6
38.8
41.1
36.9
39.0
16
Hogs: light
10
11
— 1
.283.4
10
— 3
.437.1
20.7
17.7
38.4
41.1
37.1
39.1
17
Sheep: ewes
10
11
— 5
.7121.2
10
— 4
.0—
3.9
49.6
24.5
13.7
38.2
51.8
49.6
50.7
11
— 6
.711
0.0
10—
4.9
—4.
947
.324
.813
.238
.049
.047
.348
.119
Shee
p: w
ethe
rs10
20.1
25C
otto
n1
10
+ 3
.2114.7
10
+ 3
.0+
3.3
42.2
23.2
.16
.338
.747
.342
.244
.7
31
*Egg
s8
29
— 1
.0175.7
146.0
28
+ 2.2
+2.
258 9
58.9
34.7
24.0
13.2
13.2
48.0
36.2
62.3
.59.0
58.9
58.9
60.6
58.9
34
82
9—
6.3
118.5
82.6
28
— .5
.9—
6.4
42.7
42.7
34.5
25.2
14.9
14.9
49.4
39.3
48.5
41.6
42.7
42.7
45.6
42.1
37
Hay
81
19
+ 8
.778.7
76.5
11
8+
3.1
+ 3
.635.6
35.6
24.7
21.7
22.1
22.1
46.9
40.9
40.9
39.8
35.6
35.6
38.2
37.7
42R
ides
1011
— 7
.088
.610
— 6
.1—
5.7
39.5
24.9
13.4
38.3
44.6
39.5
42.0
448
29
+.9
264.
026
4.0
28
—3.
9—
2.9
64.9
60.5
20.1
20.1
27.4
21.8
47.5
4.4.
365
.865
.864
.960
.565
.363
.1
47
Milk
10
11
+ 3
.189
.510
+ 5
.4+
5.7
39.3
25.5
12.9
38.4
44.1
39.3
41.7
4910
11
—5.9
.
648.
310
—11.9
—11.1
78.1
17.0
.
20.4
37.4
76.7
78.1
77.4
51
10
11
+ 2
.9357.5
10
+ 2
.2+
4.1
70.6
22.8
16.3
39.1
72.2
70.6
71.4
.53
Ric
e9
110
— 4
.151
.451
.41
9—
3.7
—4.
027.9
27.8
23.1
23.1
20.4
18.6
43 6
39.6
30.8
30.8
27.9
27.8
29.3
29.3
56
Wool: finedothing
81
19
—2.1
69.8
73.1
11
8—
3.6
—4.
630.1
31.0
27.4
24.0
20.7
13.7
48.1
37.7
34.0
34.2
30.1
31.0
32.0
32.6
59
Woo
l: m
ediu
m8
11
.
9—
.773.2
78.6
11
8—
5.5
—5.
626.5
26.5
26.0
22.9
17.5
17.5
43.5
37.7
33.1
34.1
26.5
26.3
29:8
30.3
64
Beef: fresh
10
11
+.3
46.6
10
±.8
+1.2
25.3
24.4
14.5
38.9
30.2
25.3
27.7
68
Bee
f: s
alt
91
10
+ 1
.964
.658
.71
9+
1.9
+ 1.9
29.9
29.9
25.3
23.1
16.1
16.1
41.4
36.1
37.3
35.4
29.9
29.9
33.6
32.6
1A s
econ
d av
erag
e ap
pear
ing
in c
ol.(
8) is
bas
ed u
pon
all e
ntri
es e
xcep
t tha
t for
per
iod
(17)
.T
he e
ntry
for
this
per
iod
has
been
exd
uded
if th
e co
mm
odity
in q
uest
ion
was
affe
cted
by
Fede
ral p
rice
reg
ulat
ion
at th
is ti
me.
The
sec
ond
aver
ages
in c
ol. (
14)
are
base
d up
on a
ll en
trie
s ex
cept
thos
e fo
r pe
riod
(16
).A
sec
ond
aver
age
appe
arin
g in
any
oth
er c
olum
n is
bas
ed u
pon
entr
ies
rela
ting
to s
ucce
ssiv
e pe
riod
s on
ly.
In it
s co
mpu
tatio
n ac
coun
t has
bee
n ta
ken
only
of
thos
e pe
riod
o.du
ring
whi
ch th
e gs
vgn
com
mod
ity c
onfo
rmed
to th
e ge
nera
l pri
ce m
ovem
ents
. A li
ne in
pla
ce o
f a
seco
nd e
ntry
mea
ns th
at th
ere
was
no
case
in w
hich
suc
cess
ive
turn
s w
ere
reco
rded
.*T
he c
omm
oditi
es m
arke
d w
ith a
n as
teri
sk h
ave
pric
e m
ovem
ents
whi
ch a
re ir
regu
lar,
in th
e se
nse
that
they
do
not c
onfo
rm in
any
sys
tem
atic
fas
hion
toth
e cy
clic
al m
ove
of g
ener
al p
rice
s.Fo
r a
mor
e de
taile
d ex
plan
atio
n se
e te
xt,
pp.
81, 1
02.
22
10
11—
1.9
100.6
10
—7.1
—39.8
18.3
38.4
40.6
39.8
40.2
TA
BL
E X
II (
Con
t.)
(2)
Com
mod
ity
*But
ter:
cre
amer
yex
tra,
N.Y
.
Av.
time
as a
de-
viat
ion
inm
onth
sfr
om the
refe
r-e
flee
date
+ 2
.1+
1.1
+ 1
.8
— 4
.6
— 2
.7—
3.3
—3.
2—
3.9
— 3
.3
—3.
3—
4.0
(15)
(16)
(17)
(18)
Ave
rage
dur
atio
nof
per-
cent
.ag
e of
fall
base
don
pre
-ce
ding
high
valu
e
25.1
14.4
39.5
48.8
46.6
47.7
21.1
17.0
38.1
38.8
34.3
36.5
24.3
19.9
44.2
44.7
39.7
42.2
24.3
17.0
41.4
44.7
36.5
40.6
59.O
94.5
42.9
31.9
4.0
—30
.322
.5
45.5
12.0
58.7
27.4
14.8
18.0
12.0
30.0
22.5
14.8
37.6
37.6
+.1
(1)
Ref
.N
o.I
(4)
(3)
No.
of
cycl
esob
-se
rved
(5)
(6)
(7)
(8)
Beh
avio
r du
ring
rev
ival
(9)
(10)
(11)
(12)
(14)
Beh
avio
r du
ring
rec
essi
onC
on-
stan
tC
on-
Sag-
Ris
-T
urns
Av.
stan
tgi
ngin
gob
-se
rved
time
as a
de-
viat
ion
inm
onth
sfr
om the
refe
r-en
ceda
te
71M
utto
n
69H
ams
1011
+ 1
.1
Av.
per-
cent
-ag
e of
rise
base
don
pre
-ce
ding
low
valu
e
60.4
102.
8
Ris
ein
mos
.
(19)
(20)
Av.
per
cent
age
of
10
Pork
:jcur
ed, s
alt m
ess
10
11
74 75 76 89
Sag-
ging 1 1
1
Fall
in mon
.
15.8
Cyc
lein
mon
.
39.7
11
Ris
eba
sed
on e
n-su
ing
high
valu
e
34.3
— 1
.7
(21)
Inde
xof
cy-
clic
alva
ria-
bilit
y
32.2
Fall
base
don
pre
-ce
ding
high
valu
e
30.1
Pork
: cur
ed, r
ough
side
s9
110
4.8
Pork
: cur
ed, s
hort
clea
r si
des
91
10—
5.2
+ 1
.2
10
Ris
-in
g
1
— 4
.679
.8
92.5
92.5
90.5
90.5
77.3
Tur
nsob
-se
rved
10 10 10 9 9 10 10 10 10 3 5
11—
2.7
— 6
.0 5.4
—5.
6—
4.9
90cr
eam
ery
firs
ts,
N.Y
.10
11—
2.5
72.0
80.3
71.1
95cr
eam
ery
extr
a,St
. Lou
is10
11—
2.7
9910
11—
4.5
104
Bre
ad: C
inci
nnat
i24
61
4 6
+ 7
.0
+ 7
.2
84.1
43.5
43.9
34.3
6 510
6B
read
: New
Yor
k44
5
30.1
23.9
46.6
34.3
39.7
36.5
38.8
35.7
37.6
35.8
38.2
34.9
31.9
22.5
14.8
14.8
109
Cof
fee
10
19.0
16.1
15.8
16.6
15.8
14.4
— 2
.7
38.8
35.7
37.6
35.8
43.9
41.1
39.8
39.9
39.8
39.3
24.9
24.9
24.0
23.3
24.0
24.9
67.5
32.0
41.4
39.8
39.7
37.8
44.0
44.0
41.9
39.8
42.7
37.8
11
+ 3
.3+
10.0
+1.
8
38.2
40.4
78.9
10
+ +
34.9
68 8.7 .6
19.9
36.3
37.4
26.4
21.1
18.6
37.7
17.7
37.6
37.8
•11
Cra
cker
s: o
yste
r
112
Cra
cker
s: s
oda
5*3
113
Cod
62
17
+3.1
18
+4.9
11
9+
5.7
114
Her
ring
7 9
11
1
9
10
+ 2
.1
+7.
311
5M
acke
rel
Salm
on11
6
117
*flo
ur. r
ye
55.0
59.1
41.4
-
46.4
36.9
36.9
64.7
57.2
87.5
33.2
25.6
98.6
98.6
7 7
119
2
whe
at, w
inte
rst
raig
hts
3
9 8
8
120
128
+11
.9
+3.
0
2
*Flo
ur: w
heat
, sta
ndar
dpa
tent
s
9
8 9
1.4
129
*Cur
rant
s
2 1 1
9 10
130
Prun
es
9
— 5
.7
+3.
1
89.6
89.6
73.1
73.1
127.
312
7.5
123.
9
131
Rai
sins
10
10—
3.6
138
Lar
d
71
139
46
+5.
915.7
40.6
21.7
65.8
31.3
15.7
23.5
+5.
812.5
27.5
10.7
45.3
32.1
12.5
22.3
31
6+
3.2
17.5
32.2
24.0
56.2
23,8
'7.5
20.6
+ 2
.615.3
20.8
11.2
34.0
25.7
15.3
20.5
19
+ 2
.321.8
26.7
20.9
43.5
25.3
21.8
23 5
+2.0
18.5
26.7
16.7
43.5
25.3
18.5
21.9
21
7+
1.3
25.6
31.4
22.1
53.6
35.1
25.6
30.3
+1.
320.9
22.5
17.4
48.2
32.2
20.9
26.5
19
+2.
643
.420..6
21.3
41.9
40.1
43.4
41.7
+2.
5
27
+7.
317.9
28.6
22.7
51.3
22.6
17.9
20.2
+8.
217.9
17.0
22.7
42.5
19.0
17.9
18.4
37
+ 1
.938.9
24.1
25.9
50.0
42.1
38.9
40.5
+3.
233.8
24.1
19.8
50.0
42.1
33.8
37.9
28
—5.
536
.821.0
22.1
43.1
40.7
36.8
38.7
—4.0
32.9
21.0
19.9
41.6
40.7
32.9
36.8
28
—3.
432.4
25.9
17.2
43.1
36.1
32.4
34
2—
3.9
28.5
25.9
14.3
40.4
36.1
28.5
32.3
19
—2.
449.3
18.4
23.4
41.9
54.1
49.3
5L7
—1.
546,2
18.4
22.1
39.7
54.1
46.2
50.1
19
—10.3
35.2
18.4
21.4
39.9
44.5
35.2
39.8
—10.7
10
—6.
343.4
16,2
22.9
39.1
42.3
43.4
42.8
—5.
4
12
7+
.5.4
42.8
34.1
20.9
55.0
42.6
42.8
42.7
+5.
438
.026.2
17.5
42.8
38.0
38.0
38.0
11
8—
4.1
39.9
28.9
21.0
49.9
45.9
39.9
42.9
—3.3
33.5
22.4
18.0
40.0.
42.8
35.5
39.1
19
—4.
135.6
27.4
12.9
40.3
39.9
35.6
37.7
—3.
0
19
—2.
834.3
29.1
11.2
40.3
41.0
34.3
37.6
±5.
128
.630.6
23.7
54.3
34.0 .
31.3
+5.
128.6
22.8
23.7
45.8
28.0
28.6
11
8—
2.7
32.7
25.1
22.6
47.7
34.6
2.7
29.6
23.1
15.4
42.0
29.6
31.1
2
11.9
8+4.9
8
Mea
l: co
rn, f
ine
whi
te
1
83 .
7
91.8
66.2
1
9
9
1
140
Mea
l;co
rn, y
ello
w9
1
tabl
e
73
141
Mol
asse
s
1 45
Pepp
er
— 2
.6
10—6.0
10
6.3
8+8.2
91.6
105 .2
91.2
84.3
87.0
65.5
48.4
73.3
72.6
81
1
TABLE XII(Cont.)
(3)
No.
of
cycl
esob
-se
rved
166
Men
's s
hoes
: bla
ck c
alf
4
Men
's s
hoes
: cho
cola
teel
k
+10
.063
.563
.5
+6.0
63.0
6.0
+4.
1
+7.8
J
54.7
14.1
+6.0
64.9
64.9
Av.
per-
cent
-ag
e of
fall
base
don
pre
-ce
ding
high
valu
e
I(1
9)(2
0)A
v. p
erce
ntag
e
+ 2
.019
.051
.529
.486
.226
.8+
5.0
15.4
9.5
17.2
51.0
23.1
26.2
18.1
44.3
43.7
40.4
42.0
26.2
16.6
42.1
43.7
39.3
41.5
24.8
39.2
31.0
29.5
30.2
18.4
39.2
31.0
29.8
30.4
11.0
46.5
25.5
72.0
24.2
11.0
11.0
8.5
25.5
32.0
5.7
11.0
— 2
.414
.928
.322
.751
.016
.614
.9—
2.4
14.9
15.2
22.7
36.7
11.3
14.9
17.5
108.
535
.320
.327
.817
.5—
4.2
20.3
12.2
40.8
26.6
67.4
25.0
14.8
19.9
13.3
26.6
39.3
12.2
14.8
13.5
(1)
Ref
.N
o.
(2)
Com
mod
ity(4
)(5
)(6
)(7
)(8
)B
ehav
ior
duri
ng r
eviv
alC
on-
stan
tSa
g-gi
ngR
is-
jug
Tur
nsob
-se
rved
(9)
(10)
(11)
(12)
(13)
(14)
Beh
avio
r du
ring
rec
essi
on(1
5)—
(16)
(17)
(18
Ave
rage
dur
atio
nof
ofA
v.tim
eas
a d
e-vi
atio
nin
mon
ths
from the
refe
r-en
ceda
te
+3.
5+
3.5
146
*SaI
t8
11
9
148
Star
ch: c
orn
444
1
16
1014
9ra
w9
150
*Sug
ar: g
ranu
late
d9
110
(21)
Inde
xof
cy-
clic
alva
ria-
bilit
y
Av.
time
as a
de-
viat
ion
inm
onth
sfr
om the
refe
r-en
ceda
te
+4.
2
+3.
2
+4.1
±4.
0
+2.
2
—.5
Ris
eba
sed
on e
n-su
ing
high
valu
e
Ris
ein
mos
.
28.4
21.7
Av.
per-
cent
-ag
e of
rise
base
don
pre
-ce
ding
low
valu
e
64.8
45.2
39.5
35.0
93.1
93.1
72.7
72.7
25.5
103.
6
Fall
base
don
pre
-ce
ding
high
valu
e
152
Fall in
mos
.
17.5
17.5
Cyc
lein
mos
45.9
38.4
*Tea
9
158
24.3
24.3
Cot
tons
eed
oil
10
161
Sag-
ging 1 1 1 1 1
*Vin
egar
84
33.2
24.3
28.7
28.4
24.3
26.3
Con
-st
ant
1 3 1 3 S 1
Ris
-in
g 1 1 3 2 2 4
Tur
nsob
-se
rved 8 6 9 9 9 10 10 4 7 2 5 9
19.0
15.4
173
2 4
22.9
19.2
17.7
44.9
16.1
42.7
40.4
39.3
33.5
32.2
17.3
38.8
29.5
29.8
7
+6.
0+
8.4
+6.9
+9.0
—4.
4—
5.6
—1.
2—
.6+
2.4
+2.4
—3.
3—
3.3
11 11
9
25
128
13
3
51
46
91
10
37.2
37.2
27.2
27.2
16.9
22.6
20.9
20.9
33.5
32.2
174
Men
's s
hoes
: vic
i kid
24
21.9
38.8
19.1
17.3
18.2
35.3
34.7
177
Wom
en's
sho
es
15.9
38.5
179
Cal
ico
45.2
+2.
3
25.4
14.0
89.9
4.3
38.8
42.0
91.0
17.6 8.3
15.7
13.1
+ 1.5
+1.5
—2.
2—
2.2
+1.2
+2.0
20.3
20.3
14.8
14.8
25.7
25.7
19.0
19.0
24.4
19.7
43.4
39.6
26.8
25.7
26.2
26.8
25.7
26.a
180
Den
ims
94
Dri
lling
s: P
eppe
rell
94
1 1
Dri
lling
s: M
ass
D
10+
5.0
55.6
94
10
Flan
nel:
colo
red
1
Flan
nel:
unbl
each
ed
74 84
181
182
183
184
18.5
186
190
191
192
193
Gin
gham
s: A
mos
keag
Gin
gham
s: L
anca
ster
10 92
Mus
lin: F
ruit
of th
eL
oom
10
2 1
Mus
lin: L
onsd
ale
Mus
lin: R
ough
Rid
er
3 2 1 1
Mus
lin: W
amsu
tta
+ 8
.3
+ 1
.7
+ 7
.6
+8.
1
+ 4
.8
+ 4
.3
+1.
5
+ 4
.9
+6.
3
+9.
9
+ 2
.0
+8.
3
+6.
8
+5.
3
+20
.5
10 8 9
11
9 11 11 11.
10 10 10 11 102
4
10 10
9 94 94
60.3
74.2
96.3
73.3
45.6
50.3
57.6
58.2
51.6
44.3
108.
7
63.7
68.3
93.0
96.7
64.4
69.9
82.9
1
195
Prin
t clo
ths
195
+ 5
.5+
6.7
+4.
8+
5.9
+ 4
.1+
4.8
+ 7
.4+
8.7
+10
.1+
11.0
+6.
1+
6.4
+ 4
.7+
4.9
+ 5
.4+
5.7
+ 5
.7+
..0+
4.5
+ 4
.8+
6.4
+7.
4+
.3 +.9
± 8
.1+
9.2
+ 5
.2+
6.3
+ 1
.7+
2.1
+3.
5+
3.3
± + 3
.7
4—4
Indi
anH
ead
10 10 10 8 9 10 10 10 10 10 9 10 10 10 10 4 10
-10
197
198
23.4
19.9
—19
.438
.329
.4 -26
.425
.813
.438
932
.626
.4
31.7
2101
2.0
38.1
37.6
31.7
26.7
27.0
ILÔ
38.5
32.6
26.7
22.3
25.0
16.0
41.0
25.3
22.3
20.7
25.8
14.9
38.8
26.1
20.7
25.3
26.3
11.9
38.2
30.2
25.3
25.8
23.8
14.2
38.0
29.5
25.8
23.4
20.0
16.8
36.8
24.9
23.4
17.5
20.8
18.8
39.6
21.7
17.5
42.0
21.7
19.0
39.9
43.5
42.0
24.3
23.2
16.6
39.0
28.6
24.3
27.0
22.5
17.5
40.0
31.0
27.0
33.4
25.2
33.4
202
20.4
443
19.7
11.5
22.6
18.9
18.9
49.2
32.3
18.3
44.1
40.4
96.0
45.0
39.9
36.4
36.1
36.4
37.7
36.8
33.4
33.4
20.4
19.7
34.8
Shee
tings
: 4-4
Pepp
erel
l
Shee
tings
: 4-4
War
eSh
oals
26.0
26.4
29.5
34.6
29.6
23.8
23.4
27.7
27.6
24.1
19.6
42.7
26.4
29.0
34.9
34.7
28.4
28.7
35.8
199
Cot
ton
thre
ad
10 9 31
202
1 61
Cot
ton
yarn
s: c
arde
d,co
nes
10/1
203
91
Cot
ton
yarn
s:co
nes
22./i
1
card
ed.
10
10+
3.8
11+
3.9
75.3
3.0
34.8
+ 3
.532
.723
.717
.140
.834
.632
.733
.6+
4.2
— 1
.524.4
—1.
9
TA
BL
E X
II (
Con
t.)
(1)
(2)
Ref
.C
omm
odity
No.
:
(3)
No.
of
cycl
esO
b-se
rved
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(ii)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
Beh
avio
r du
ring
tevi
val
Beh
avio
r du
ring
rec
essi
onA
vera
ge d
urat
ion
Av.
per
cent
age
Con
- Sa
g-R
is-
Tur
nsA
v.A
v.Sa
g- R
is-
Tur
nsA
v.A
v.I
of
stant
ging
ing
oh-
time
per-
slan
tgi
ngjo
goh
-tim
epe
r-R
ise
Fall
Cyc
leR
ise
serv
ed a
s a
de-
cent
-se
rved
as
a de
-ce
nt-
inin
inba
sed
base
dvi
atio
nag
e of
viat
ion
age
ofm
os.
mos
.m
os.
on e
n-on
pee
-in
rise
infa
llsu
ing
cedi
ngm
onth
sba
sed
mon
ths
base
dhi
ghhi
ghfr
omon
pre
-fr
omon
pre
-va
lue
valu
eth
ece
ding
the
cedi
ngre
fer-
low
refe
r-hi
ghen
ceva
lue
ence
valu
eda
teda
te
(21)
ofcy-
CI1Ca1
varl
a-bi
hty
206
Flan
nels
: whi
te8
11
9+
3.7
31.4
32.4
11
8±
5.7
+ 6
.09.
59.
533
.427
.011
,111
.144
.537
.721
.121
.29.
515
.39.
515
.3
210
Suiting: Middlesex
61
11
18
+ 6
.053.3
51.3
11
17
+ 3
.1+
3.0
15.7
13.0
31.8
21.4
21.1
15.7
53.5
35.4
25.7
23.1
15.7
13.0
20.7
18.0
213
Underwear: shirts and
drawers
35
6+
7.7
41.9
10.4
73
+ 6
.7+
8.5
15.0
15.0
96.0
24.0
28.7
13.0
124.7
26.0
21.3
9.2
15.0
15.0
18.1
12.1
214
Underwear: Union suits
2 6
41
51
+10.4
270.0
5.4
61
24
+ 6
.0+
6.0
35.6
48.1
141.5
36.0
47.5
23.0
189.0—
44.7
5.2
35.6
48.1
40.1
26.6
12
73
— .3
42,0
14.8
12
64
— .3
—.3
20.5
17.1
40.5
21.5
19.5
15.2
60.0
40.3
22.6
11.1
20.5
17.1
21.5
14.1
215
Broadcloth
216
Fren
ch s
erge
71
11
8+
.943.3
43,3
11
17
+ 2
.6+
2.2
21.0
16.6
30.9
30.9
23.1
16.0
54.0
46.2
25.0
25.0
21.0
23.0
16.6
20.8
217
Stor
m s
erge
81
19
— .1
48.1
48,1
11
S+
3.9
+ 3
.122.6
21.7
29.0
29.0
18.7
14.1
47.7
43.1
22.9
22.9
22.6
21.7
22.7
22.3
218
Poplar
cloth
53
26
+ 9
.849.3
49.3
32
5+ 7.4
+8.
718.5
18.5
35.6
35.0
20.2
14.0
55.8
53.3
24.8
24.8
18.5
21.6
18.5
21.6
219
Sicilian cloth
51
41
6+
5.8
50.4
50.4
31
6+
.8 016.9
16.9
41.6
30.0
25.8
14.0
55.6
41.7
25.2
25.2
1.6.9
21.0
16.9
21.0
220
Wor
sted
yar
ns: 2
-32'
s10
223
Linen shoe thread
3
11
+ 1
.954
.510
4
221
Wor
sted
yar
ns: 2
-40'
s9
110
—.5
566
56.6
—9
—1.3
—1.
621.9
24i
24.7
18.7
14.5
41.5
25.6
5+14.0
76'.8
5.1
18.2
38,1
26.8
3+
8.7
16.4
75.0
49,7
124.7
+8.
77.3
11.0
35.0
24.4
24.1
21 .9
16.4
25.6
24.8
23.7
21.3
6.1
26.2
4,9
Silk
: raw
, Jap
anes
eK
ansa
i No.
1
Silk
: raw
, Jap
anes
eex
tra-
extr
a
10 10
226
228
232
233
234
Ant
hrac
ite c
oal:
brok
en4
Ant
hrac
itenu
tco
al; c
hest
-
Ant
hrac
ite c
oal:
egg
235
Ant
hrac
ite c
oal:
stov
e
4
3 24
25
nI
236
ii—
4.0
73.4
ii—
3.4
68.3
+8.
719
.64
13.6
I39
.74
25+
Li
33.4
4
15
+10
.038
.54
+10
.259
.4+
13.1
Bitu
min
ous
coal
:K
anaw
ha
237
238
Bitu
min
ous
coal
; New
Riv
er
Bitu
min
ous
coal
:
8 8 10
2
10 10
24
33
42
42
JO 8 10
12 8
21
7
21
7
239
Cok
e
244
Mat
ches
9
247
Petr
oleu
m: c
rude
8
248
Petr
oleu
m: r
efin
ed, f
or7
expo
rt
— 1
.2—
1.6
—.1
+ 2
.2+
1.3
+ 6
.3+
6.3
+ 4
.5+
4.5
+ 4
.5+
4.5
+.5
+ 2
.2+
4.1
+ 6
.7+
.7+
3.0
—1.
9—
.5+
6.0
+ 6
.0+
6.9
+6.
9+
6.1
+6.
1+
6.3
+6.
3
1 I 2 2
2 7
+ 4
.2+
6.4
9+
6.4
+9.
211
+.8
2+
2.0
9+
2.4
8+
4.0
8+
7.7
249
122.
765
.2
71.4
71.4
215.
2
16.7
16.7
124.
491
.9
67.3
40.7
47.2
31.4
Petr
oleu
m: r
efin
ed 1
50°
lire
test
250
1 1 1
Aug
ers
7
35.4
26.5
12.6
39.1
37.0
35.4
36.2
34.4
27.1
11.9
39.0
36.3
34.4
35.3
10.2
61.2
23.0
84.2
15.7
10.2
12.9
10.2
8.3
23.0
34.6
11.9
10.2
11.0
22.5
19.7
21.0
40.7
28.3
22.5
25.4
27.9
11.0
33.0
44.0
25.0
27.9
26.4
36.9
11.5
31.0
42.5
27.6
36.9
32.2
27.4
13.7
25.2
.39.
931
.227
.529
.3
33.8
17.9
23.7
51.6
39.3
33.8
36.5
28.2
24.0
13.7
.37.
732
.928
.230
.5
32.1
16.9
31.1
48.0
33.5
32.1
32.8
34.2
16.9
21.7
39.1
33.5
34.2
33.8
58.2
20.7
17.2
37.9
58.2
58.2
58.2
28.6
85.0
81.0
240.
014
.328
.621
.428
.6—
7.0
—14
.328
.621
.4
39.9
29.9
16.7
46.6
50.1
39.9
45.0
41.8
25.0
14.7
37.7
46.2
41.8
44.0
26.1
29.4
19.9
49.3
33.1
26.1
29.6
27.6
23.8
17.2
38.2
27.0
27.6
27.3
17.9
25.3
24.0
49.3
27.7
17.9
22.8
15.6
22.7
22.5
42.6
22.6
15.6
19.1
65.0
19.5
62.7
43.8
18.3
31 0
32.5
12.7
44.5
23.0
18.3
20.6
32.0
23.1
55.1
36.4
17.2
26.8
18.5
19.0
37.5
31.0
17.2
24.1
.35.
8.3
0.2
64.8
31.2
21.6
26.4
15.0
24.4
36.0
19.0
21.6
20.3
24.2
22.7
46.7
30.1
22.7
26.4
15.4
22.7
39.0
27.4
22.7
25.0
44
25
253
231
But
ts7
2
2
9
232
Chi
sels
543
Doo
r kn
obs
74
+7.
4
+9.
6
+13
.3
+ 9
.61
125.
432
.2
1CC
.!80
.5
61.4
26.9
49.4
42.7
1
3 3 2 2
25 7
26 8
+ 7
.6+
7.6
+7.
4+
7.3
+6.
2+
6.2
+ 5
.0+
5.0
18.3
18.3
17.2
17.2
21.6
21.6
22.7
22.7
TA
BL
E X
II (
Coo
t.)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Ref.
Com
mod
ityN
o. o
fB
ehav
ior
duri
ng r
eviv
alN
o.A
v.A
v.O
b-sl
ant g
ing
log
ob-
time
per-
serv
edse
rved
as a
de-
cent
-vi
atio
nag
e of
inri
sem
onth
sba
sed
from
on p
re-
the
cedi
ngre
fer-
low
ence
valu
eda
te
(10)
(11)
(12)
t13)
(14)
(15)
Behavior
duri
ng r
eces
sion
(16)
(17)
(18)
Average
dura
tion
Ris
eFa
llC
ycle
inin
inro
bs.
mos
.m
os.
(19)
(20)
A'i. percentage
of
(21)
Index
of,c
3r-
bilit
y
Con
-Sag
-st
ant
ging
ing
Ris
-Tur
nsoh
-se
rved
Av.
time
as a
de-
viat
ion
inm
onth
sfr
om the
refe
r-en
ceda
te
Av.
per-
cent
-ag
e of
fall
base
don
pre
-ce
ding
high
valu
e
Ris
eba
sed
on e
n-su
ing
high
valu
e
Fall
base
don
pre
-ce
ding
high
valu
e
254
FLie
s3
34
4+
7.2
49.9
49.9
24
13
+ 5
.7+
5.5
17.1
17.2
30.3
30.3
70.3
16.0
100.
742
.529
.529
.517
.117
.223
.323
.3
255
Hammers
45
15
+13.6
56.5
10.4
33
4+
13.2
+13
.211.1
11.1
58.7
15.5
28.7
18.3
87.5
30.0
26.4
9.4
11.1
11.1
18.7
10.2
258
Locks
81
19
+12.2 •
69.3
39.2
19
+10.6
+11.2
20,1
20.1
26.2
17.7
19.0
19.0
47.0
39.3
30.8
24.7
20.1
25.4
20.1
22.4
259
Pig iron:
basi
c10
11
+ .5
.182.2
.10
—3.4
—2.
236.0
14.8
23.0
37.8
35.9
36.0
35.9
260
Pig
iron
: Bes
sem
er10
11+
3.2
79.4
10
— 2
.4—
1.1
39.2
17.3
20.7
38.0
39.4
39.2
39.3
261
Pigiron:foundryNo.2
10
Northern
11
+3.1
90.3
.
10
—3.4
—2.
2393
16.7
21.1
37.8
39.6
39.3
39.4
263
Pig iron: foundry No 2
10
Southern
11
+ 1
.588.2
10
—3.0
—2.
038.4
19.2
19.3
38.5
39,2
38.4
38.8
266
Bar iron, from store,
10
Phila.
11
÷ 3
.568.3
10
.
0—
.331.9
20.1
19.1
39.2
31.9
31.9
31.9
267
Bar iron: from mill,
10Pi
tts.
11+
2.9
84.8
10
—3.0
4.0
35.0
17.8
21.3
39.1
36.1
35.0
35.6
269
Nails:
wir
e9
110 •
+ 7
.160
.560
.51
9+
2.6
+4.
229.3
26.9
19.6
19.6
22.8
18.7
42.3
38.7
30.8
30.8
29.3
30.0
26.9
28.8
271
Planee
36
23
+23.0
86.2
11.1
21
34
+ 4
.0+
4.0
18.6
20.8
50.7
9.0
56.3
39.0
96.0
—36.2
10.0
18.6
27.4
20.8
15.4
272
Saw
s: c
ross
cut
82
+10
.567
.811
.18
11
+13
.0+
13.0
10.0
10.0
66.0
15.0
15.0
81,0
32.7
10.0
10.0
21.3
10.0
10.0
Saw
s: h
and
273
274
Shov
els
17 3
1
276
Stee
lbif
lets
10
Stee
l rai
ls
63.3
9.3
23.8
22.9
I IT
row
els
'5
÷ 3
.610
3.2
Vis
es
4 81
8 3 S 8
8
Wir
e: f
ence
1 1 1
280
287
288
289
291
293
294
295
3+
13.3
7+
12.3
11
7+
5.3
2+
22.0
9+
11.1
10+
3.6
9+
5.6
11—
.2
11
9
Woo
d sc
rew
s
18.2
1.8.
2
10.9
10.9
40.2
24.7
1.3.
3
12.9
12.3
40.1
9
Cop
per:
ingo
t
1 1
45.7
32.5
55.0 1.7
40.2
35.2
48.3
80.7
65.0
1
10
Cop
per:
she
et9
Cop
per:
wir
e
1 1 1
Lead
: pig
10
296
297
298
10
Lea
d: p
ipe
Qui
cksi
lver
299
Silv
er
1+
13.0
18.2
186.
015
.020
1.0
31.2
+13
.018
.2—
15.0
—8.
5
7+
6.0
10.9
28.8
24.7
53.2
15.0
+6.
510
.918
,624
.338
.013
.7
10—
3.24
0.2
16.7
21.4
38.1
40.1
— 2
.0
5+
5.2
26.7
57.6
18.6
76.2
25.3
26.7
26.0
+ 5
.526
.718
.318
.639
.219
.826
.723
.2
1+
14.0
5.8
49.0
19.0
68.0
26.8
5-.8
16.3
+14
.05.
8—
19.0
1.7
5.8
3.1
8+
3.9
19.5
21.0
28.9
49.9
21.1
19.5
20.3
+3.
919
.116
.124
.939
.518
.019
.118
5
9+
•.8
23.0
22.3
17.1
39.4
25.3
23.0
24.2
+2.
2
10+
5.2
39.2
23.8
16.7
40.2
37.9
39.2
38.5
+6.
9
10—
5.1
33.2
18.6
20.2
38.8
33.6
33.2
33.4
— 3
.7
9—
3.0
28.6
18.7
20.0
38.7
30.0
28.6
29.3
— 1
.2
____
___
10—
5.5
30.7
16.6
22.4
39.0
30.7
30.7
30.1
—4.
2
10—
1.9
30.0
22.1
15.8
37.9
32.8
30.0
31.4
—.4
8—
2.6
28.6
24.1
15.6
39.7
35.2
28.6
31.9
—1.
09
+2.
324
.723
.018
.441
.426
.524
.725
.6+
2.4
24.9
23.0
13.4
33.6
26.5
24.9
25.7
8.2
23.6
25.6
18.5
44.1
23.5
23.6
23.5
— .2
23.6
21.7
18.5
40.9
17.7
23.6
20.6
100
31.8
23.3
15.6
38.9
34.6
31.8
33.2
+.4
8—
5.52
6.3
23.0
20.7
43.7
31.6
26.3
28.9
.926
.317
.620
.736
.128
.526
.327
.4
9—
7.7
33.3
20.1
19.1
39.2
39.8
33.3
37.5
— 3
.7
300
Tin
: pig
110
+ 3
.153
.2
11+
1.3
56.3
11 —
.566
.2
81
19
—.8
66.3
11
91
10+
3.0
59.0
1
59.0
81
19
+1.
441
.51
21.9
11+
.173
.8
10+
1.7
70.6
1
64.5
10—
2.4
88.3
1
301
Zin
c: s
heet
302
10 8 9Z
inc:
sla
b
1 1
1 1
TA
BL
E X
II (
Con
t.)
(1)
Ref
.N
o.
(2)
Com
mod
ity(3
)N
o. o
fcy
cles
ob-
serv
ed
(4)
(5)
(6)
(7)
Beh
avio
r du
ring
rev
ival
Con
-st
ant
(9)
(10)
(11)
(12)
(13)
(14)
Beh
avio
r du
ring
rec
essi
onSa
g-gi
ng 130
6
(15)
Hem
lock
: N. V
.6
1
(i6)
(17)
(18)
(19)
(20)
Ave
rage
dur
atio
nA
v. p
erce
ntag
eof
Cyc
lein
mos
.
308
Map
le: N
. V.
6 6 84
2 2 2
310
Oak
: whi
te, p
lain
N. V
.
312
Oak
: whi
te, q
uart
ered
,N
.Y.
(21)
inde
xof
cy-
clic
alva
ria-
bilit
y
ofR
ise
Fall
base
dba
sed
on e
n-on
pre
-su
ing
cedi
nghi
ghhi
ghva
lue
valu
e
Ris
-T
urns
Av.
ing
ob-
time
serv
ed a
s a
de-
viat
ion
II I
mon
ths
from the
refe
r-en
eeda
te
18
+6.
4
18
+11
.2
27
+7.
3
9+
11.0
9+
12.1
8+
3.6
+ 9
.8
+ 2
.2
313
Pine
: whi
te b
oard
s74
2
317
Pine
: yel
low
sid
ing
51
1
Av.
Con
- Sa
g-pe
r-st
ant
ging
cent
-ag
e of
rise
base
don
pre
-ce
ding
low
valu
e
47.9
321
.9
55.1
344
.9
77 1
213
.5
47.1
151
.2
32.7
1I. L 12
0.4
335
.7
37.8
137
.8
36.8
28.8
55.5
22
30.7
67.4
72.2
91,7
319
Popl
ar: N
. V.
91
321
Spru
ce9
Ris
- T
urns
jug
ob-
serv
ed
16
16
26 9 8
15 9
19
15
18
19
27
Av.
time
as a
de-
viat
ion
inm
onth
sfr
om the
refe
r-en
ceda
te
+ 4
.2+
4.2
+ 7
.0+
6.8
+ 1
.3+
1.3
+11
.9+
13.0
+ 8
.5+
9.1
—1.
4—
1.4
+ 5
.0+
5.2
+ 7
.8+
7.8
—2.
6—
2.6
—1.
7+
.3
—2.
4—
2.4
—.7
-—.7
1
323
Shin
gles
: cyp
ress
S
Av.
per-
cent
-ag
e of
fall
base
don
pre
-ce
ding
high
valu
e
15.2
15.2
13.4
13.4
20.7
23.6
13.2
13.2
8.2
6.2
28.0
28.0
12.0
12.0
17.3
17.3
23.2
23.2
30.4
33.3
35.3
35.3
25.6
22.5
324
10 101
Ris
ein
mos
.
38.3
24.7
35.0
20.4
38.7
20.3
28.9
23.9
28.4
23.1
45.0
23.3
20.1
20.1
25.3
22.1
39.2
29.7
21.1
15.6
25.2
20.0
28.3
I
17.8
I
Shin
gles
: red
ced
ar
2
Fall in mos
.
17.5
17.5
14.0
14.0
27.3
21.0
15.4
15.4
20.0
12.7
19.4
19.4
22.8
18.0
18.3
18.3
20.2
20.2
26.2
20.1
18.3
18.3
28.3
23.2
Bri
ck
21
6+
3.7
327
335
8 9
Doo
rs
55.8
41.7
49.0
36.6
66.0
35.5
44.5
38.9
51.3
42.4
64.4
42.3
42.9
39.0
43.7
39.9
59.4
50.0
47.4
37.0
43.6
38.5
37.8
49.3
-1-6
.6
0
11
9
110 a.
22
+ 6
.370
.923
Um
&
345
4
Gla
ss: w
indo
w, A
12
9
Gla
ss: w
indo
w, B
I5
348
—.6
1
10
Lin
seed
oil
109.
237
.6
10
1
+2.
8
I
349
Putty
10
78.8
55.5
11+
2.4
1
67.6
5*4
11 —
1.5
96.5
1
350
Ros
in9
—
352
81
59.8
59.8
353
354
3
Tur
pent
ine:
spi
rits
of
79.2
I38
.432
.325
.8
44.3
36.2
39.2
31.6
39.9
33.6
1
27.7
33.0
27.7
26.7
34.1
35.1
34.1
32.8
29.5
31.5
9
124.
510
9.7
6+
10.0
10+
2.8
93+
3.8
10—
.7
11L
ead:
car
bona
te o
f
35 c
1
88.3
10
Zin
c: o
xide
of
1
38.5
42.0
36.6
39.3
I
139.
888
.9
8
+ 2
.625
.3
1
1
2
31.1
31.1
43.7
40.3
44.4
46.6
41.8
17.2
26.1
13.5
87.0
72.1
24.1
.25
.9
36.8
36.8
-37
.7
42.0
42.0
12.7
27.6
28.5
40.2
38.5
-41
.0
44.3
41.9
14.9
22
135
7A
cid:
mur
iatic
360
Aci
d:su
lphu
ric
4j3 4
2
1
362
Alc
ohol
: woo
d9
1 4 41
363
Alu
m5
377
Soda
; bic
arbo
nate
of
381
Sulp
hur
41.
4
38Z
Tal
low
10
56.4
47.7
31
11+
8.3
.5+
.2
6—
1.2
10—
1.5
70
6+
14.3
6±
1.8
11—
1.6
85.3
85.3
1
61.4
14.9
S
65.6
39.0
42.2
37.0
42.2
43.0
40.1
39.0
50.4
35.2
82.2
35.7
77.0
47.0
44.2
38.6
73.2
31.7
72.4
40.7
87.5
47.3
38.3
44.5
39.1
393
69.3
69.3
Alc
ohol
: gra
in
21
8
22.1
22.1
53.5
18.7
46.4
21.7
13.4
13.4
10.4
10.4
57.8
22.0
39.7
23.3
14.8
74.1
55.2
33
2
74.4
9—
3.9
17.4
12.8
15.1
11.4
12.8
12.1
42.0
37.1
39.5
37.6
39.6
38.6
30.7
30.2
30.4
26.8
30.2
28.5
37.1
39.4
38.2
37.1
39.4
38.2
22.7
19.1
20.9
tc..3
19.1
14.7
28.2
30.7
28.2
28.1
35_4
35.4
28.3
24.4
26.3
38.2
36.8
16.2
9.4
12.8
17.0
I13
.226
.628
.72
TA
BL
E X
II (
Con
t.)
(2)
Com
mod
ity(1 Re
No.
(4)
(3)
No.
of
cycl
esob
-se
rved
Con
-st
ant
(9)
(10)
(11)
(12)
(13)
(14)
Beh
avio
r du
ring
rec
essi
on(1
5)
397
Opi
um
396
Gly
ceri
ne8
29
(16)
(17)
(18)
(19)
(20)
Ave
rage
dur
atio
nA
v. p
erce
ntag
eof
of
400
Tur
nsob
-se
rved 8
Qui
nine
9
Av.
time
as a
de-
viat
ion
inm
onth
sfr
om the
refe
r-en
ceda
te
+ 5
.0+
7.0
405
Av.
per-
cent
-ag
e of
fall
base
don
pre
-ce
ding
high
valu
e
35.3
36.3
1
Bed
room
cha
irs
3
406
74 34
Bed
room
set
s
412
Kitc
hen
chai
rs
(5)
(6)
(7)
(8)
Beh
avio
r du
ring
rev
ival
Sag-
Ris
-T
urns
As'
.gi
ngin
gob
-tim
ese
rved
as
a de
-vi
atio
nin
mon
ths
from th
ere
fer-
ence
date
+ 4
.6
10 —
.3
8+
11.0
6+
11.7
7+
11.3
9+
12.6
6+
16.7
8+
5.9
+4.
6
9+
2.7
5+
8.0
11+
5.1
9—
.635
.6
22 3
11
414
44 64
Kitc
hen
tabl
es
As'
.pe
r-ce
nt-
age
ofri
seba
sed
on p
re-
cedi
nglo
wva
lue
81.6
81.6
111.
8
85.5
85.5
104.
635
.5
71.1
74.1
51.9
38.0
284.
224
.3
37.9
40.9
42.6
53.0
39.5
47.6
89.6
23.3
54.1
Con
- Sa
g-R
is-
stan
tgi
ngin
g
2
1
28
32
14
22
15
118
51
4
11
17
31
6
226
11
35 10
Car
pets
: Axi
nins
ter
23
11
71
1.1
Ris
ein
mos
.
24.7
24.7
24;4
16.5
16.5
56.7
23.5
48.0
21.3
31.9
21.2
134.
010
.0
32.3
26.7
48.2
26.2
47.5
25.2
59.7
10.5
23.0
Fall
inm
os.
18.6
12.0
14.8
28 3
22.7
27.3
19.5
16.7
16.7
26.0
19.8
43.5
21.0
22.3
13.2
19.5
10.8
19.8
10.6
24.2
16.0
15.8
417
418
Car
pets
: Bru
ssel
s
419
Car
pets
: Wilt
on
422
Pails
42.3
Shee
ting:
10-
4 Pe
p-pe
rell
Cyc
lein
mos
.
43.4
34.9
39.2
45.7
42.5
96.3
43.0
74.2
40.5
62.0
47.5
279.
0
54.6
42.8
67.7
38.0
67.3
39.3
84.0
24.5
38.8
Ris
eba
sed
on e
n-su
ing
high
valu
e
39.4
39.4
43.1
37.1
37.1
38.2
23.7
38.6
37.7
27.8
22.8
52.0
19.6
23.1
24.2
23.6
26.9
22.9
•25.
3
38.5
18.8
30.0
(21)
Inde
xof
cy-
clic
alva
ria-
bilit
y
37.3
37.8
39.3
34.8
34.8
29.1
21.9
27.2
26.7
21.9
18.6
36 6
27.0
18.4
18.2
17.6
19.3
17.6
18.8
32.3
24.0
27.7
Fall
base
don
pre
-ce
ding
high
valu
e
35.3
36.3
35.6
32.5
32.5
20.1
.20
.1
15.8
15.8
16.0
14.5
21.2
34.5
13.7
12.2
11.7
11.7
12.3
12.3
26.1
29.2
25.5
+ 3
.4+
3.1
+8.
7+
8.7
+ 4
.6+
5.0
+10
.6+
11 .7
+ 5
.5÷
5.5
+6.
7+
7.0
+ 4
.0+
3.8
+ 2
.5+
2.0
+7.
6+
7.6
+3.
7+
3.8
61
62
42
10
I 3
32.5
32.5
20.1
20.1
15.8
15.8
16.0
14.5
21.2
34.5
13.7
12.2
11.7
11.7
12.3
12.3
26.1
29.2
25.5
1
425
Nap
pies
25
22
426
Pitc
hers
544
1
427
Tum
bler
s5
31
428
424
Shee
ting:
10-
4 W
arn-
sutta
81
10+
13.6
2+
36.5
•
+21
.2
7+
8.9
42.4
45.6
133.
640
.0
55.1
26.2
61.1
65.8
2 4 2 1
1 1
2 1
8 3 7 8
Plat
es
6
24
430
42
14
+14
.780
.017
.45
11
14 10
+14
.7
+3.
8
82.6
14.4
63.5
51
13 10
429
Tea
cups
and
sau
cers
24 94
42 1
Tic
king
s: A
mos
keag
,
+7.
4±
8.0
+3.
7+
3.7
+9.
3÷
9.3
+4.
5÷
4.3
+11
.3+
11.3
+11
.3+
11.3
+4.
7+
5.3
+5.
5+
5.5
—4.
9—
4.9
—3.
5—
1.6
438
431
Tub
s34
31
25
+19
.411
8.1
38.3
42
4
19
433
Cot
tons
eed
mea
l9
110
+ 1
.4-5
2.8
35.4
11—
.149
.210
436
Lea
ther
: cal
f10
Lea
ther
: har
ness
oak
911
+.8
35.7
28.7
1
25.1
20.6
84.0
26.8
12.7
24.6
21.7
72.7
24.0
72.7
24.0
23.9
82.3
13.0
20.1
15.1
20.1
27.0
19.1
24.1
26.2
19.2
21.9
36.0
29.2
23.4
20.0
20.0
66.0
60.0
36.0
31.2
56.6
12.5
53.0
19.0
53.0
19.0
14.8
35.7
20.3
22.2
22.2
19.6
15.7
15.7
14.8
15.7
15.7
17.3
14.0
10.0
15.2
45.1
38.6
156.
0
60.4
40.7
81.2
30.5
150.
0
150.
0
38.1
102.
739
.0
42.3
38.0
39.7
42.7
36.2
38.9
41.9
35.5
38.6
50.0
38.6
38.6
16.4
16.4
19.0
19.0
20.3
17.3
30.9
18.1
15.6
15.6
15.6
15.6
27.4
23.3
23.3
26.0
26.0
19.1
18.7
18.7
15.6
19.8
19.8
19.8
18.7
18.7
39.2
28.9
41.0
41.0
22.4
23.4
49.0
28.6
28.9
20.3
27.3
26.7
31.9
14.2
31.1
12.3
30.5
42.0
27.7
29.7
25.2
26.1
24.0
21.0
20.6
21.4
17.3
26.8
22.2
21.5
42.5
444
16.4
16.4
19.0
19.0
20.3
17.3
30.9
18.1
15.6
15.6
15.6
15.6
27.4
23.3
23.3
26.0
26.0
19.1
18.7
18.7
15.6
19.8
19.8
19.8
18.7
18.7
39.2
9
440
Lea
ther
: sol
e oa
k10
11—
1.2
30.8
1
10 9
—1.
0+
.9—
2.3
—1.
544
1L
eath
er: s
ole
oak,
scou
red
back
s9
•1
10—
.833
.022
.0
443
Pape
r: n
ewsp
rint
741
28
+12
.24.
42
8
19.4
19.9
34.0
23.8
24.6
18.8
29.1
22.4
23.7
14.9
23.3
13.9
28.9
32.6
25.&
27.8
25.6
22.6
21.3
19.8
18.1
20.6
18.5
23.3
20.4
20.1
40.8
448
Jute
10
450
Rop
e
11
Pape
r: w
rapp
ing,
Man
ila7
12
8+
5.2
+ 1
.6
+1.4
—.9
42.6
43.5
91.7
60.6
67.8
64.4
1
I
2 1
7
10 10 9
+12
.7+
14.0
+ 2
.6+
2.8
—5
7
—6.
41
10
9
11
22.0
16.8
38.8
31.0
28.9
29.9
23.7
20.0
43.7
31.5
41.0
36.2
22.4
20.0
40.7
29.3
41.0
35.1
TA
BL
E X
II (
Con
c.)
(1)!
(2)
(3)
Commodity
No.
of
cycl
esob
-R
ef.
serv
edN
o.
I
(4)
(5)
(6)
(7)
(8)
(9)
Behavior
duri
ng r
eviv
al(10)
(11)
(12)
(13)
(14)
(15)
Behavior
duri
ng r
eces
sion
(i6)
(17)
(18)
Average
dura
tiori
ofR
ise
IFall
Cyc
lein
Iin
inm
os.
mos
.m
os.
(19)
(20)
Av.
perc
enta
geof
Ris
eFa
llba
sed
base
don
en-
on p
re-
suin
gce
ding
high
high
valu
eva
lue
(21)
index
of c
y-cl
ical
biht
y
Con
-st
ant
Sag-
ging
Ris
-in
gT
urns
oh-
serv
ed
Av.
time
as a
de-
viat
ion
inm
onth
sfr
om the
refe
r-en
ceda
te
Av.
per-
cent
-ag
e of
rise
base
don
pre
-ce
ding
low
valu
e
Con
-st
ant
Sag-
ging
Ris
-in
gT
urns
ob-
serv
ed
Av.
time
as a
de-
viat
ion
inm
onth
sfr
om the
refe
r-en
ceda
te
Av.
per-
cent
-ag
e of
fall
base
don
pre
—ce
ding
high
valu
e
455
Starch:
laun
dry
71
28
÷ 1
.147
.442
.41
27
— 1
.3+
.7
25.9
25.9
30.9
19.4
22.3
19.8
53.1
32.2
29.5
26.8
25.9
25.9
27.7
26.3
456
Tobacco: plug
61
4+
5.7
37.5
16.7
41
5+
4.8
+4.8
9.5
8.2
52.5
50.0
42.3
13.5
87.7
64.0
22.8
13.7
9.5
8.2
16.1
10.9
457
Tobacco: smoking
62
3+10.7
37.2
—6
22
+ 4
.0+4.0
9.7
9.7
149.0
9.0
—i
9.0
150.0—
25.9
—9.7
17.8
97—
2No
sale
s du
ring
one
of r
eviv
al.
3No
quot
atio
n du
ring
one
pha
se o
f re
viva
l.'N
o qu
otat
ion
duri
ng o
ne p
hase
of
rece
ssio
n.sS
trik
e du
ring
one
pha
se o
f re
cess
ion.
6The
mea
sure
s fo
r lim
e (c
omm
odity
No.
338
) re
late
to th
e ei
ght c
ycle
s oc
curr
ing
betw
een
1890
and
191
9.A
cha
nge
of g
rade
in 1
920
mad
e it
impo
ssib
le to
car
ry th
eth
roug
h th
e en
tire
peri
od.
APPENDIX 543
TABLE XIII
MEASURES IDESCRH3INO THE BEHAVIoR OF WHOLESALE CoMMoDITY PRIcEs DURINGPERIODS OF REVIVAL AND RECEssIoN IN AMERICAN BUSINESS, 1890-1925
Ranking of Commodities, by Groups, according to the Average Durationof Cycle.'
(1) (2) (3)
Ref. Commodity AverageNo. duration of
cycle(in months)
Farm products13 Cattle: choice to prime 37.0
1 *J3arley49 37.419 Sheep: wethers 38.017 Sheep: ewes 38,242 Hides 38.316 Hogs: light 38.422 'Beans 38.447 Milk 38.425 Cotton 38.715 Hogs: heavy 38.814 Cattle: good to choice 38.951 39.1
2 'Corn 39.74 'Oats 41.2
59 Wool: medium 43.5 (37.7)53 Rice 43.6 (39.6)
5 'Rye 44.7 (37.9)37 'Hay 46.9 (40.9)44 'Hops 47.531 'Eggs 48.0 (36.2)56 Wool: fine clothing 48.1 (37.7)34 'Flaxseed 49.4 (39.3)6 'Wheat 56.8 (49.7)
Foods109 Coffee 37.6
74 Pork: cured, salt mess 38.1158 Cottonseed oil 38.5152 'Tea 38.8
64 Beef: fresh 38.9130 Prunes 39.1161 'Vinegar 39.299. 'Cheese 39.371 Mutton69 Hams89 'Butter: creamery extra, N. Y. 39.895 creamery extra, St. Louis 39.8
tThe main entries in this table are averages based upon all the cycles in individual commodity prices Incomputing the averages given in parentheses exceptionally long cycles in the prices of individual commodi-ties (i. e. those which extended over two or more cycles In general business) have been excluded. For amore detailed explanation See text, pp. 89.90.
'The commodities marked with an asterisk have price movements which are irregular. in the sense thatthey do not conform in any systematic fashion to the cyclical movements of general prices. For a moredetailed explanation see text, pp. 81. 102.
544 APPENDIX
TABLE XIII (Cent.)
(1) (2) (3)Ref. Commodity AverageNo. duration of
cycle(in months)
Foods (con&)90 * Butter: creamery firsts, N. Y. 39.9
129 39.9139 Meal: corn, ftne white 40.3140 Meal: corn, yellow table 40.3
68 Beef: salt 41.4 (36.1)115 Mackerel 41.9128 *Apples 41.9 (39.7)119 *Flour: wheat, winter straights 43. 1 (41.6)120 *Flour: wheat, standard patents 43. 1 (40.4)113 Cod 43.5
76 Pork: cured, short clear sides 43.9 (41. 1)75 Pork: cured, rough sides 44.2 (41.4)
149 *sugar: raw 44.3 (42.1)150 *Sugar: granulated 44.9 (42.7)146 45.9 (38.4)145 Pepper 47.7 (4.2.0)138 Lard 49.9 (40.0)117 rye 50.0116 Salmon 51.3 (42.5)114 Herring 53.6 (48.2)141 Molasses 54.3 (45.8)131 Raisins 55.0 (42.8)112 Crackers: soda 56.2 (34.0)106 Bread: N.Y. 58.7 (30.0)111 Crackers: oyster 65.8 (45.3)148 Starch: corn 86.2 (51.0)104 Bread: Cincinnati 94.5 ( )
Cloths and clothing192 Muslin: Rough Rider 36.8191 Muslin: Lonsdale 38.0183 Flannel: colored 38. 1220 Worsted yarns: 2-32's 38.1190 Muslin: Fruit of the Loom 38.2181 Drillings: Pepperell 38.3184 Flannel: unbleached 38.5186 Ginghams: Lancaster 38.8182 Drillings: Mass. D 38.9196 Sheetings: 4-4 Indian Head 39.0228 Silk: raw, Japanese extra-extra 39.0226 Silk: raw, Japanese Kansai No. 1 39. 1180 Denims 39.2193 Muslin: Wamsutta 39.6195 Print cloths 39.9202 Cotton yarns: carded, cones 10/1 39.9197 Sheetings: 44 Pepperell R 40.0203 Cotton yarns: carded, cones 22/1 40.8185 Ginghams: Anioskeag 41.0221 Worsted yarns: 240's 43.3 (41.5)179 Calico 43.4 (39.6)
footnote on page 543.
APPENDIX 545
TABLE XIII (Cont.)
(1) (2) (3)Ref Commodity AverageNo. duration of
cycle
(in months)
Cloths and clothing (con:.)198 Sheetings: 4-4, Ware Shoals 44.1 40.1)206 Flannels: white 44.5 37.7)217 Storm serge 47.7 43.1)173 Men's shoes: chocolate elk 51.0 (36.7210 Suiting: Middlesex 53.5 35.4216 French serge 54.0 46.2)219 Sicilian cloth 55.6 41. 7)
218 Poplar cloth 55.8 53.3)215 Broadcloth 60.0 (40.3)177 Women's shoes 67.4 (39.3)166 Men's shoes: black calf 72.0 (32.0)199 Cotton thread 96.0 45.0)174 Men's shoes: vici kid 108.5 )213 Underwear: shirts and drawers 124.7 26.0)223 Linenshoethread 124.7 )214 Underwear: union suits 189.0 )
Fuel and lighting239 Coke 37.9236 Bituminous coal: Kanawha 39.9233 Anthracite coal: chestnut 40.7235 Anthracite coal: stove 42.5234 Anthracite coal: egg 44.0247 Petroleum: crude 46.6 37. 7238 Bituminous coal: Pocahontas 48.0 39.1248 Petroleum: refined, for export 49.3 38.2249 Petroleum: refined, 1500 fire test 49.3 (42.6237 Bituminous coal: New River 51.6 (37.7)232 Anthracite coal: broken 84.2 (34.6)244 Matches 240.0 ( )
MeLaLi and metal259 Pig iron: basic 37.8261 Pig iron: foundry No. 2, Northern 37.8296 Lead: pig 37.9260 Pig iron: Bessemer 38.0276 Steel billets 38.1263 Pig iron: foundry No. 2, Southern 38 5294 Copper: sheet 38.7293 Copper: ingot 38.8300 Tin: pig 38.9295 Copper: wire 39.0267 Bar iron: from mill, Pittsburgh 39.1266 Bar iron: from store, Phila. 39.2302 Zinc: slab 39.2289 Wire: fence 39.4297 Lead: pipe 39.7291 Wood screws 40.2298 Quicksilver 41.4 (33.6)269 Nails: wire 42.3 (38.7301 Zinc: sheet 43.7 (36. 1
546 APPENDIX
TABLE XIII (Cont.)
(1) (2) (3)Ref.No.
Commodity Averageduration of
cycle(in months)
Metals and metal products (cont.)299 Silver 44.1 (40.9)253 Door knobs 46.7 (39.0)
258 Locks 47.0 (39.3)288 Vises 49.9 (39.5)274 Shovels 53.2 (38.0)251 Butts 55.1 (37.5250 Augers 62.7 (44.5252 Chisels 64.8 36.0)287 Trowels 68.0 )280 Steelrails 76.2 39.2)272 Saws: crosscut 81.0 )255 Hammers 87.5 (30.0)271 Planes 96.0 ( )254 Files 100.7 (42.5)273 Saws: hand 201.0 ( )
Building materials348 Linseed oil 38.5354 Lead: carbonate of 39.0345 Glass: window, B 39.9350 Rosin 42.2 (37.0)352 Tar 42.4319 Poplar: N. Y. 42.9 (39.0)353 Turpentine: spirits of 43.0 (40. 1)327 Brick 43.6 (38.5)321 Spruce 43.7 (39.9)344 Glass: window, A 44.3 (39.2)
312 Oak: white, quartered, N. Y. 44.5 (38.9)
324 Shingles: red cedar 47.4 (37.0)308 Maple: N, Y. 49.0 (36.6)355 Zinc: oxide of 50.4 (35.2)313 Pme: white boards 51.3 (42.4)306 Hemlock: N. Y. 55.8 (41.7)335 Doors 57.8 (49.3)323 Shingles: cypress 59.4 (50.0)317 Pine: yellow siding 64.4 (42.3)449 Putty 65.6 (39.0)310 Oak: white, plain, N. Y. 66.0 (35.5)338 Lime 79.2 (32.3)
Chemicals and drugs382 Tallow 38.3397 Opium 39.2396 Glycerine 43.4 (34.9)362 Alcohol: wood 44.2 (38.6393 Alcohol: grain 44.5 (39.1400 Quinine 45.7 (42.5)
377 Soda: bicarbonate of 72.4 (40.7)363 Alum 73.2 (31. 7)360 Acid: sulphuric 77.0 (47.0)357 Acid: muriatic 82.2 (35.7)381. Sulphur 87.5 (47.3)
APPENDIX 547
TABLE XIII (Cone.)
(1) (2) (3)Ref. Commodity AverageNo. duration of
cycle(in months)
House-furnishings430 Tickings: Amoskeag 38. 1423 Sheeting: 10-4 Pepperell 38.8424 Sheeting: 10-4 Wamsutta 45. 1 (38.6)417 Carpets: Axminster 54. 6 (42.8)426 Pitchers 60.4 (40.7)412 Kitchen chairs 62.0 (47.5)419 Carpets: Wilton 67.3 (39.3)418 Carpets: Brussels 67.7 (38,0)406 Bedroom sets 74.2 (40.5)427 Tumblers 81.2 (30.5)422 Pails 84.0 (24.5)405 Bedroom chairs 96.3 (43.0)431 Tubs 102.7 (39.0)428 Plates 150.0 ( )429 and saucers 150.0 ( )1.25 Nappies 156.0 ( )414 EItchen tables 279.0 ( )
Miscellaneous443 Paper: newsprint 38.6448 Jute 38.6450 Rope 38.8440 Leather: sole oak 38.9436 Leather: calf 397441 Leather: sole oak, scoured backs 41.9 (35.5)433 Cottonseed meal 42.3 (38.0)438 Leather: harness oak 42.7 (36.2)451 Rubber 43.7 (40.7)444 Paper: wrapping, Manila 50.0 (38.6)455 Starch: laundry 53.1 (32.2)456 Tobacco: plug 87.7 (64.0)457 Tobacco: smoking 150.0' ( )
548 APPENDIX
TABLE XIV
MEASURES DESCRIBING THE BEHAVIOR OF WHOLESALE PRICES DTJIUNOPERIODS OF REVIVAL AND RECESSION IN AMERICAN BUSINESS, 1890-1925
Ranking of Commodities, by Groups, according to the Amplitude of Cyclical PriceMovements1
(1) (2) (3)
Ref. Commodity Index ofNo. cyclical
variability
Farm products14 Cattle: good to choice 27.213 Cattle: choice to prime 29.353 Rice 29.359 Wool: medium 29.8 (30.3)56 Wool: fine clothing 32.0 (32.6)37 38.2 (37.7)15 Hogs: heavy 39.016 Hogs: light 39.1
5 40.0 (41.6)22 *Beans 40.21 *Bariey 40.92 *Corn 41.547 Milk 41.742 Hides 42.06 *Wheat 44.04 Oats 44.4
25 Cotton 44.734 45.6 (42.1
)
19 Sheep: wethers 48.117 Sheep: ewes 50.731 *Eggs 60.6 (58.9)
44 65.3 (63.1)51 *Potatoes 71.449 77.4
Foods152 *Tea 18.2116 Salmon 20.2 (18.4)112 Crackers: soda 20.6 (20.5)106 Bread: N.Y. 21.1 (18.6)
148 Starch: corn 22.9 (19.2)111 Crackers: oyster 23.5 (22.3)113 Cod 23.5 (21.9)64 Beef: fresh 27.7
146 *Salt 28.7 (26.3)161 30.2 30.4)114 Herring 30.3 26.5)141 Molasses 31.3 28.3)69 Hams 32.268 Beef: salt 33.6 (32.6
145 Pepper 33.6 (31.1
lThe main entries in this table are averages based upon all the cycles in individual commodity prices.In computing the averages given in parentheses account has been taken only of percentages of rise and fallrelating to successIve phases of specific cycles. For more detailed exp'anatIon see text. pp. 89-90.
*The commodities marked with an asterisk have price movements which are irregular, in the sense thatthey do not conform in any systematic fashion to the cyclical movements of general prices. For a moredetailed explanation see ten, pp. 81, 102.
APPENDIX 549
TABLE XIV (Cont.)
(1) (2) (3)Ref. Commodity Index ofNo. cyclical
variability
Foods (con&)120 wheat, standard patents 34.2 (32.3)150 *sugar: granulated 35.3 (34.7)99 36.374 Pork: cured, salt mess 36.5
104 Bread: Cincinnati 37.4 (26.4)140 Meal: corn, yellow table 37.6109 Coffee 37.7139 Meal: corn, fine white 37.790 *Butthr: creamery firsts, N. Y. 37.8
119 tFlour: wheat, winter straightsS 38.7 (36.8)
89 *Butter: creamery extra, N. Y. 39. 7129 39.895 creamery extra, St. Louis 40.4
117 *Flour: rye 40.5 (37.9)76 Pork: cured, short clear sides 41.4 (39.8)
115 Mackerel 41.7149 Sugar: raw 42.0 (41.5)158 Cottonseed oil 42.0
75 Pork: cured, rough sides 42.2 (40.6)131 Raisins 42.7 (38.0)130 Prunes 42.8138 Lard 42.9 (39.1)
71 Mutton 47.7128 *Apples 51.7. (50.1)
Cloths and clothing206 Flannels: white 15.3173 Men's shoes: chocolate elk 15.7 13.1)166 Men's shoes: black calf 17.6 8.3)213 Underwear: shirts and drawers 18. 1 12. 1)193 Muslin: Wamsutta 19.6177 Women's shoes 19.9 (13.3)210 Suiting: Middlesex 20. 7 (18.0)219 Sicilian cloth 21.0223 Linen shoe thread 21.3 ( 6.1)215 Broadcloth 21.5 (14.1)218 Poplar cloth 21.6217 Storm serge . 22.7 (22.3216 French serge (20.8186 Ginghams: Lancaster 23.4185 Ginghams: Amoskeag 23.8192 Muslin: Rough Rider 24.1221 Worsted yarns: 2-40's 24.8 (23.7)220 Worsted yarns: 2-32's 25.6180 Denims 26.0179 Calico 26.2181 Drilhings: Pepperell 26.4196 Sheetings: 4-4 Indian Head 26.4191 Muslin: Lonsdale 27.6190 Muslin: Fruit of the Loom 27.7174 Men's shoes: vici kid 27.8 (12.2)
See footnote on page 348.
550 APPENDIX
TABLE XIV (Cont.)
(1) (2) (3)Ref. Commodity Index ofNo. cyclical
variability
Cloths and clothing (cont.)199 Cotton thread 28.4 (28.7)197 Sheetings: 4-4 Pepperell R 29.0182 Drillings: Mass. D 29.5184 Flannel: unbleached 29.6203 Cotton yarns: carded, cones 22/1 33.6183 Flannel: colored 34.6198 Sheetings: 4-4 Ware Shoals 34.9 (34.7)228 Silk: raw, Japanese, extra-extra 35.3202 Cotton yarns: carded, cones 10/1 35.8226 Silk: raw, Japanese, Kansai No. 1 36.2214 Underwear: union 40. 1 (26.6)195 Print cloths 42.7
Fuel and lighting232 Anthracite coal: broken 12.9 (11.0)244 Matches 21.4249 Petroleum: refined, 150° fire test 22.8 (19.1)233 Anthracite coal: chestnut 25.4234 Anthracite coal: egg 26.4236 Bituminous coal: Kanawha 29.3248 Petroleum: refined, for export 29.6 (27.3)235 Anthracite coal: stove 32.2238 Bituminous coal: Pocahontas 32.8 (33.8)237 Bituminous coal: New River 36.5 (30.5)247 Petroleum: crude 45.0 (44.0)239 Coke 58.2
Metals and metal produds274 Shovels 12.9 (12.3)287 Trowels 16.3 ( 3.7)255 Hammers 18.7 (10.2)288 Vises 20.3 (18.5)272 Saws: crosscut 21.3 (10.0)254 Files 23.3299 Silver 23.5 (20.6)289 Wire: fence 24.2273 Saws: hand 24.7 (13.3)258 Locks 25.4 (22.4)298 Quicksilver 25.6 (25.7)280 Steel rails 26.0 (23 .2)252 Chisels 26.4 (20.3)
253 Doorknobs 26.4 (25.0)251 Butts 26.8 (24.1)271 Planes 27.4 (15.4)301 Zinc: sheet 28.9 (27.4)294 Copper: sheet 29.3269 Nails: wire 30.0 (28.8)
295 Copper: wire 30.7250 Augers 31.0 (20.6)296 Lead: pig 31.4266 Bar iron: from store, Ph.ila. 31.9
297 Lead: pipe 31.9
300 Tin: pig 33.2293 Copper: ingot 33.4
APPENDIX 551
TABLE XIV (Cont.)
(1) (2) (3)Ref. Commodity Index ofNo. cyclical
variability
Metals and metal products (cont.)267 Bar iron: from mill, Pittsburgh 35.6259 Pig iron: basic 35.9302 Zinc: slab 37.5291 Wood screws 38.5263 Pig iron: foundry No. 2, Southern 38.8260 Pig iron: Bessemer 39.3261 Pig iron: foundry No. 2, Northern 39.4276 Steel billets 40.1
Building materials354 Lead: carbonate of 14.9355 Zinc: oxide of 15.1 (12.1)313 Pine: white boards 15 .4 (13 . 1)319 Poplar: N. Y. 17.5
312 Oak: white quartered, N. Y. 18.8 (19.5)
306 Hemlock: N.Y. 20.0 (13.3)321 Spruce 21.1 (19.6)
308 Maple: N.Y. 21.3 (19.3)
310 Oak: white, plain, N. Y. 25.4 (17.6)
323 Shingles: cypress 26.0 (22.4
349 Putty 27.6 (28.5335 Doors 28.4 (20.1)345 Glass: window, B 31.5324 Shingles: red cedar 32.3 (34.4)338 Lime 330 (26.7)317 Pine: yellow siding 34.4 (26.3)344 Glass: window, A 35.1 (32.8)
327 Brick 37.3 (34.8)
348 Linseed oil 39.3
350 Rosin 40.2 (38.5)
352 Tar 41.0353 Turpentine: spirits of 44.3 (41.9)
Chemicals and drugs393 Alcohol: grain 12.8 (13.2)363 Alum 20.9 14.7)
360 Acid: sulphuric . 30.4 28.5)
377 Soda: bicarbonate of 30.7 28.1)
400 Quinine 34.8381 Sulphur 35.. 4 (26.3)
382 Tallow . 36.8396 Glycerine 37.3 (37.8)
362 Alcohol: wood 38.2397 Opium 39.3337 Acid: muriatic 39.3 (38.6)
House-furnishings418 Carpets: Brussels 17.6 19.3
Carpets: Wilton 17.6 18.8417 Carpets: Axminster 18.4 18.2)
424 Sheeting: 10-4 Wamsutta 19. 19.9)
412 Kitchen.chairs. 21.9 (18.6)
429 Teacups and saucers 23.3 (13.9)428 Plates 23.7 (14.9)
552 APPENDIX
TABLE XIV (Conc.)
(1) (2) (3)Ref. Commodity Index ofNo. cyclical
variability
House-furnishings (conS.)426 Pitchers 24.6 (18.8)406 Bedroom sets 27.2 (26.7)423 Sheeting: 10-4 Pepperell 27. 7430 Tickings: Amoskeag 28.9405 Bedroom chairs 29.1 (21 .9127 Tumblers 29.1 (22.4422 Pails 32.3 24.0)431 Tubs 32.6 25.5)425 Nappies 34.0 23.3414 Kitchen tables 36.6 (27.0
Miscellaneou8456 Tobacco: plug 16.1 (10.9)457 Tobacco: smoking 17.8 ( )440 Leather: sole oak 18. 1444 Paper: wrapping Manila 20.4 (20.1)441 Leather: sole oak, scoured backs 20.6 (18.5)438 Leather: harness oak 21.3 (19.8)436 Leather: calf 22.6443 Paper: newsprint 23.3455 Starch: laundry 27.7 (26.3433 Cottonseed meal 27.8 (25 .6450 RoDe 29.9451 Rubber 36.2 (35.1)448 Jute 40.8
APPENDIX 553
TABLE XV
DESCRIBING THE BEHAVIOR OF WHOLESALE PRIcES DURINGPERIODS OF REVIVAL AND RECESSION IN AMERICAN BUSINESS, 1890-1925.
Average Sequence of Revival, by Groups, with Measures of Inconsistency.
The figures in column (4) indicate the number of months by which the price turnsof specific commodities precede (—) or lag behind (+) the major turns of the generalprice index.
The measures in column (5) indicate the degree of reliability of the averages incolumn (4). The smaller the measure in column (5), the more consistent is the com-modity in question in respect to the timing of its cyclical price movements.
(1) (2) (3) (4) (5)Ref. Commodity Number Average MeasureNo. of price deviation of incon-
revivals from refer- sistencyence date
Farm products6 'Wheat 7 —13.4 8.15 9 9.6 5.8
42 Hides 11 .— 7.0 6.119 Sheep: wethers 11 — 6.7 8.434 'Flaxseed 9 — 6.3 12.049 'Onions 11 — 5.9 11.617 Sheep: ewes 11 5.7 7.5
1 'Barley 11 — 5.5 9.913 Cattle: choice to prime 11 — 5.5 7.253 Rice 10 —4.1 9.8
4 10 — 3.3 13.015 Hogs: heavy ii — 2.5 7.456 Wool: fine clothing 9 — 2. 1 4.022 'Beans 11 — 1.9 5.914 Cattle: good to choice 11 — 1.8 8.816 Hogs: light 11 — 1.2 5.72 'Corn 10 — 1.0 11.1
31 'Eggs 9 — 1.0 4.159 Wool: medium 9 — .7 4.544 'Hops 9 + .9 10.751 'Potatoes 11 + 2.9 13.047 Milk 11 + 3.1 7.325 Cotton 10 + 3.2 7.2
37 'Hay 9 + 8.7 9.6Foods
140 Meal: corn, yellow table 10 — 6.3 9.2139 Meal: corn, fine white 10 — 6.0 9.2120 'Flour: wheat, standard patents 9 — 5.7 12.376 Pork: cured, short clear sides 10 — 5.2 9.775 Pork: cured, rough sides 10 — 4.8 9. 7
99 'Cheese 11 — 4.5 6.5129 'Currants 10 — 3.6 11.6
are irregular, in the sense thatof general prices. For a more
'The commodities marked with an. asterisk have price movements whichthey do not conform in any systematic fashion to the cyclical movementsdetailed explanation see text, 81, 102.
554 APPENDIX
TABLE XV (Cont.)
(2)Commodity
(3)Numberof pricerevivals
(4)Average
deviationfrom refer-
(5)Measureof incon-sistency
ence date
(1)Ref.No.
8995
1389074
145119158
7164
13069
10968
114152117111128148150149146112131113104106115141161116
226228221215217216190182220195174206202203173186
Food8 (con&)creamery extra, N. Y.
*Butter: creamery extra, St. LouisLard
*Butter: creamery firsts, N. Y.Pork: cured, salt messPepper
*Flour: wheat, winter straightsCottonseed oilMuttonBeef: freshPrunesHamsCoffeeBeef: saltHerring
•Tearye
Crackers: oysterApplesStarch: corn
*sugar: granulated*Sugar: raw* Salt
Crackers: sodaRaisinsCodBread: CincinnatiBread: N. Y.MackerelMolasses
*yjnegarSalmon
Cloths and clothingSilk: raw, Japanese, Kansai No. 1Silk: raw, Japanese, extra-extraWorsted yarns: 2-40'sBroadclothStorm sergeFrench sergeMuslin: Fruit of the LoomDrillings: Mass. DWorsted yarns: 2-32'sPrint clothsMen's shoes: vici kidFlannels: whiteCotton yarns: carded, cones 10/1Cotton yarns: carded, cones 22/1Men's shoes: chocolate elkGinghams: Lancaster
ii119
111199
11111111111110
911
87
106
1010
988946
10899
11111.0
798
11101110
39
1011
89
— 2.7— 2.7— 2.6— 2.5— 1.7— 1.6— 1.4—.5—.1+.3+.9+1.1+1.8+1.9+ 2.1+2.2+3.0+ 3.1+ 3.1+3.2+4.0+ 4.1+4.2+ 4.9+4.9+ 5.7+ 7.0±7,2+7.3+ 8.2+ 10.0+11.9
— 4.0— 3.4—.5—.3—.1+.9+ 1.5+ 1.7+1.9+2.0+2.3+3.7+3.8+3.9+4.1+4.3
5.05.06.05.39.19.4
12.75.48.07.7
10.88.3
12.57.8
10.610.618.99.7
12.07.9
10.012.712.111.614.115.011.18.39.8
14.812.410.2
6.65.45.87.87.1
10.58.0
13.35.86.36.66.89.79.14.98.8
tSee footnote on page 553.
APPENDIX 555
TABLE XV (Cont.)
(1)
Ref.No.
(2)
Commodity(3)
Numberof pricerevivals
(4)
Averagedeviation
from refer-ence date
(5)
Measureof incon-sistency
Cloths and clothing (cont.)
185 Ginghams: Amoskeag 11 + 4.8 10.8191 Muslin: Lonsdale 11 + 4.9 5.3180 Denims 10 + 5.0 7.5
198 Sheetings: 4-4 Ware Shoals 10 + 5.3 6.4219 Sicilian cloth 6 + 5.8 11.1
166 Men's shoes: black calf S + 6.0 6.7
179 Calico 10 + 6.0 7.8
210 Suiting: Middlesex 8 + 6.0 7.5
192 Muslin: Rough Rider 11 + 6.3 10.9
197 Sheetings: 4-4 Pepperell R 11 + 6.8 7.4
183 Flannel: colored 8 + 7.6 8.9
213 Underwear: shirts and drawers 6 + 7.7 12.5177 Women's shoes 6 + 7.8 11.4
184 Flannel: unbleached 9 + 8.1 7.4
181 Drillings: Pepperell 10 + 8.3 7. 7196 Sheetings: 4-4 Indian Head 10 + 8.3 8.5218 Poplar cloth 6 + 9.8 11 .7
193 Muslin: Wamsutta 10 + 9.9 5.4214 Underwear: union suits 5 +10.4 16.0223 Linenshoethread 5 +14.0 11.2
199 Cotton thread 4 +20.5 7.9
Fuel and lighting239 Coke 11 + .8 4.8
234 Anthracite coal: egg 5 + 1.1 14.0
244 Matches 2 + 2.0 2.0
247 Petroleum: crude 9 + 2.4 7.3
248 Petroleum: refined, for export 8 + 4.0 7.2
233 Anthracite coal: chestnut 6 + 5. 7 5.2237 Bituminous coal: New River 10 + 6.4 # 11.4
249 Petroleum: refined, 1500 fire test 8 + 7.7 12.5232 Anthracite coal: broken 7 + 8.7 11.2
238 Bituminous coal: Pocahontas . 9 + 9.2# 10.1
235 Anthracite coal: stove 5 +10.0 8.4
236 Bituminous coal: Kanawha 10 +13.1 # 13.2
Metals and metal products
302 Zinc: slab 10 — 2.4 4.6297 Lead: pipe 9 .8 6.2296 Lead: 11. — .5 6.3293 Copper: ingot 11 — .2 7.5300 Tin: pig 11 + . i 4.5295 Copper: wire 11 + 1.3 6.2299 Silver 9 + 1.4 10.1263 Pig iron: foundry No. 2, Southern 11 + 1.5 3.4301 Zinc: sheet 10 + 1.7 8.8267 Bar iron: from mill, Pittsburgh 11 + 2.9 6.1298 Quicksilver 10 ± 3.0 8.8261 Pig iron: foundry No. 2, Northern 11 + 3.1 4.6294 Copper: sheet 10 + 3. 1 7.9260 Pig iron: Bessemer 11 + 3.2 5.2266 Bar iron: from store, Phila. 11 + 3.5 5.9
556 APPENDIX
TABLE XV (Cont.)
(1)
Ref.No.
(2)
Commodity(3)
Numberof pricerevivals
(4)Averagedeviation
from refer-encedate
(5)
Measureof incon-sistency
Metals and metal products (cont.)276 Steelbillets 11 + 3.6 6.4289 Wire: fence 10 + 3.6 5.6259 Pig iron: basic 11 + 5.1 4.5280 Steelrails 7 + 5.3 11.5
291 Wood screws 9 + 5.6 6.5269 Nails: wire 10 + 7.1 5.8254 Files 4 + 7.2 4.3250 Augers 5 + 7.4 12.5
251 Butts 9 + 9.6 9.4253 Doorknobs 9 + 9.6 12.5
272 Saws: crosscut 2 +10.5 2.5
288 Vises 9 +11.1 6.8258 Locks 9 +12.2 10.7274 Shovels 7 +12.3 12.8252 Chisels 6 +13.3 6.6273 Saws: hand 3 +13.3 4.0255 Hammers 5 +13.6 5.9287 Trowels 2 +22.0 9.0
271 Planes 3 +23.0 7.5
Building materiois348 Linseed oil 11 — 1.5 8.3353 Turpentine: spirits of 10 — .7 11.2338 Lime 5 — .6 6.8327 Brick 10 0 6.0321 Spruce 10 + 2.2 10.9345 Glass: window, B 11 + 2.4 8.8354 Lead: carbonate of 11 + 2.6 11.7
344 Glass: window, A 10 + 2.8 9.1350 Rosin 10 + 2.8 11.4
317 Pine: yellow siding 8 + 3.6 5.5323 Shingles: cypress 6 + 3.7 11 .2
352 Tar 9 +3.8 8.7
335 Doors 7 + 6.3 9.8306 Hemlock: N. Y. 8 + 6.4 6.4324 Shingles: red clear 9 + 6.6 9.9
310 Oak: white plain, N. Y. 7 + 7.3 8.6355 Zinc: oxide of 11 + 8.3 8.4
319 Poplar: N.Y. 10 + 9.8 8.4349 Putty 6 +10.0 5.8312 Oak: white quartered, N. Y. 9 + 11 .0 11 .2
308 Maple: N.Y. 8 +11.2 10.6
313 Pine: white boards 9 +12.1 9.1
Chemicals and drugs393 Alcohol: grain 9 — 3.9 8.3382 Tallow 11 — 1 .6 5.9
362 Alcohol: wood 10 — 1.5 7.9
360 Acid: sulphuric 6 — 1.2 11.2
397 Opium 10 — .3 11.7363 Alum 7 0 7.4
357 Acid: muriatic S + .2 4.8381 Sulphur_____ 6 + 1.8 12.0
APPENDIX 557
TABLE XV (Conc.)
(1)Ref.No.
(2)Commodity
(3)Numberof pricerevivals
•
(4)Averagedeviation
from refer-ence date
(5)Measureof incon-sistency
Chemicals and drugs (cont.)396 Glycerine 9 + 4.6 10.8400 Quinine 8 +11.0 7.2377 Soda: bicarbonate of 6 +14.3 7.0
Hou.se-furnishings419 Carpets: Wilton 9 + 2.7 8.3430 Tickings: Amoskeag 10 + 3.8 8.3418 Carpets: Brussels 9 + 4.6 9.0423 Sheeting: 10-4 Pepperell 11 + 5. 1 7.6417 Carpets: Axminster 8 + 5.9 4.3422 Pails 5 + 8.0 8.5427 Tumblers 7 + 8.9 13.6406 Bedroom sets 7 +11.3 7.1405 Bedroom chairs 6 + 11.7 3.9412 Kitchen chairs 9 +12.6 10.7424 Sheeting: 10-4 Wamsutta 10 +13.6 9.4428 Plates 4 +14.7 6.8429 Teacups and saucers 4 +14.7 6.8414 Kitchen tables 6 +16.7 7.5431 Tubs 5 +19.4 10.6426 Pitchers +21.2 11.8425 Nappies 2 +36.5 6.5
Miscellaneous
440 Leather: sole oak 11 — 1.2 5.9451 Rubber 10 .9 7.2
441 Leather: sole oak, scoured backs 10 — .8 4.5436 Leather: calf 11 .1 8.1438 Leather: harness oak ii + .8 3.6455 Starch: laundry 8 + 1.1 7.7433 Cottonseed meal :[0 + 1.4 5.7450 Rope 11 + 1.4 10.9448 Jute 11 + 1.6 9.1444 Paper: wrapping, Man illa 8 + 5.2 12. 1456 Tobacco: plug 4 + 5.7 5.7457 Tobacco: smoking 3 +10.7 12.7443 Paper: newsprint 8 + 12.2 13.0
entry for period 17 which was affected by war-time price regulation has been omitted in com-puting this average.
558 APPENDIX
TABLE XVI
MEASURES DESCRIBING THE BEHAVIOR OF WHOLESALE COMMODITY PRICES DURINGPERIODS OF REVIVAL AND RECESSION IN AMERICAN BUSINESS, 1890—1925.
Ranking of Commodities, by Groups, according to the Average Duration of the Periodof Rising Prices.'
(1) (2) (3)
Ref. Commodity Average duration ofNo. period of rising prices
(in months)
Farm products49 17.022 *Beans 18.344 20.12 'Corn 20.4
16 Hogs: light 20. 715 Hogs: heavy 21.2
1 'Barley 22.14 22.2
51 'Potatoes 22.853 Rice 23,125 Cotton 23.2
5 14.017 Sheep: ewes 24.537 24.7 (21.7)19 Sheep: wethers 24.842 Hides 24.947 Milk 25.514 Cattle: good to choice 25.759 Wool: medium 26.0 (22.9)56 Wool: fine clothing 27.0 (24.0)13 Cattle: choice to prime 27. 134 'Flaxseed 34.5 (25.2)31 'Eggs (24.0)
6 'Wheat 34.8 (29.6)Foods
130 Prunes 16.2152 'Tea 16.9128 'Apples 18.4129 'Currants 18.4109 Coffee 19.9115 Mackerel 20.6161 'Vinegar 20.9119 'Flour: wheat, winter straights 21.0
74 Pork: cured, salt mess 21 . 1
158 Cottonseed oil 22.690 'Butter: creamery firsts, N. Y. 23.369 Hams 23.989 'Butter: creamery extra, N. Y. 24.095 'Butter: creamery extra, Louis 24.0
'The main entries in this table are averages based upon all the recorded periods of rising prices. In com-puting the averages given in parentheses account has been taken only of those periods of rise whichwere limited to a singLe phase of revival (and prosperity).
'The commodities marked with an z,sterisk have price movements which are irregular, in the sense thatthey do not conform in any systematic fashion to the cydical movements of general prices. For a more de-tailed explanation see text, pp. 81, 102.
APPENDIX 559
TABLE XVI (Cont.) —
(1) (2) (3)Ref. Commodity Average duration ofNo. period of rising prices
(in months)
Foods (coni.)117 *Flour: rye 24.1
75 Pork: cured, rough sides 24.364 Beef: fresh 24.476 Pork: cured, short clear sides 24.999 24.971 Mutton 25.1
145 Pepper 25.1 (23.1)68 Beef: salt 23.3 (23.1)
120 *Flour: wheat, standard patents 25.9149 *sugar: raw 26.2113 Cod 26.7150 *Sugar: granulated 27.2139 Meal: corn, fine white 27.4146 *Salt 28.4 (21.7)116 Salmon 28.6 (17.0)
138 Lard 28.9 (22.2)
140 Meal: corn, yellow table 29.1141 Molasses 30.6 (22.8)114 Herring 31 .4 (22.5)
112 Crackers: soda 32.2 (20.8)
131 Raisins 34.1 (26.2)
111 Crackers: oyster 40.6 (27.5)
106 Bread: N. Y. 45.5 (18.0)
148 Starch: corn 51.5 (9.5)
104 Bread: Cincinnati 67.5 (32.0)Cloths and clothing
179 Calico 19.0181 Drillings: Pepperell 19.9220 Worsted yarns: 2-32's 19.9192 Muslin: Rough Rider 20.0193 Muslin: Wamsutta 20.8195 cloths 21.7197 Sheetings: 4-4 Pepperell R- 22.5202 Cotton yarns: carded, cones 10/1 22. 6196 Sheetings: 4-4 Indian Head 23.2203 Cotton yarns: carded, cones 22/1 23. 7191 Muslin: Lonsdale 23.8180 Denims 23.9221 Worsted yarns: 2-40's 24.7185 Ginghams: Amoskeag 25.0198 Sheetings: 44 Ware Shoals 23.2 (20.2)182 Driffings: Mass. D 25.8186 Ginghams: Lancaster 25.8190 Muslin: Fruit of the Loom 26.3226 Silk: raw, Japanese, Kansai No. 1 26.5183 colored 27.0184 Flannel: unbleached 27.0228 Silk: raw, Japanese, extra-extra 27.1173 Men's shoes: chocolate elk 28.3 (15.2)217 Storm serge 29.0
*&e footnote on page 558.
560 APPENDIX
TABLE XVI (Cont.)
(1) (2) (3)Ref. Commodity Average duration ofNo. period of rising prices
(in months)
Cleths and clothing (cont.)216 French serge 30.9206 Flannel: white 33.4 (27.0)218 Poplar cloth 35.6 (35.0)210 Suiting: Middlesex 37.8 (21.4)215 Broadcloth 40.5 (21.5)177 Women's shoes 40.8 (13.3)219 Sicilian cloth 41.6 (30.0)199 Cotton thread 44.3 (17.5)166 Men's shoes: black calf 46.5 ( 8.5)223 Linen shoe thread 75.0 (11.0)174 Men's shoes: vici kid 91 .0 ( )213 Underwear: shirts and drawers 96.0 (24.0)214 Underwear: union suits 141.5 (36.0)
Fuel and lighting234 Anthracite coal: egg 11.0235 Anthracite coal: stove 11.5236 Bituminous coal: Kanawha 13.7238 Bituminous coal: Pocahontas 16.9233 Anthracite coal: chestnut 19. 7239 Coke 20.7249 Petroleum: refined, 1500 fire test 25.3 (22. 7)237 Bituminous coal: New River 27.9 (24.0)248 Petroleum: refined, for export 29.4 (23.8)247 Petroleum: crude 29.9 (25.0)232 Anthracite coal: broken 61.2 ( 8.3)244 Matches 85.0 ( —)
Metals and metal products259 Pig iron: basic 14.8295 Copper: wire 16.6261 Pig iron: foundry No. 2, Northern 16.7276 Steelbillets 16.7260 Pig iron: Bessemer 17.3267 Bar iron: from mill, Pittsburgh 17.8293 Copper: ingot 18.6294 Copper: sheet 18.7263 Pig iron: foundry No. 2, Southern 19.2269 Nails: wire 19.6266 Bar iron: from store, Phila. 20.1302 Zinc: slab 20.1288 Vises 21.0 (16.1)296 Lead: pig 22.1289 Wire: fence 22.3
298 Quicksilver 23.0301 Zinc: sheet 23.0 (17.6)
300 Tin: pig 23.3291 Wood screws 23.8297 Lead: pipe 24.1253 Doorknobs 24.2 (15.4)
299 Silver 25.6 (21.7)
258 Locks 26.2 (17.7)
274 Shovels 28.8 (18.6)
APPENDIX 561
TABLE XVI (Cont.)
(1) (2) (3)Ref. Commodity Average duration ofNo. period of rising prices
(in months)
Metals and metal products (cont.)254 Files 30.3251 Butts 32.0 (18.5)252 Chisels 35.8 (15.0)287 Trowels 49.0 ( )271 Planes 50.7 ( 9.0)280 Steel rails 57.6 (18.5)
255 Hammers 58.7 (15.5)
250 Augers 65.0 (32.5)272 Saws: crosscut 66.0
( )273 Saws: hand 186.0 ( )
Building materüzls319 Poplar: N. Y. 20.1324 Shingles: red cedar 21.1 (15.6)345 Glass: window, B 24.0354 Lead: carbonate of 24.1352 Tar 25.0327 Brick 25.2 (20.0)
321 Spruce 25.3 (22.1)348 Linseed oil 25.9350 Rosin 26.0 (20.6)
349 Putty 26.3 (19.2)344 Glass: window, A 28.2 (21.6)355 Zinc: oxide of 28.2 13.3)335 Doors 28.3 17.8)313 Pine: white boards 28.4 23.1)312 Oak: white quartered, N. Y. 28.9 (23.9)353 Turpentine: spirits of 28.9 (25. 7)
308 Maple: N. Y. 35.0 (20.4)306 Hemlock: N. Y. 38,3 (24.7)310 Oak: white plain, N.Y. 38.7 20.3)323 Shingles: cypress 39.2 29.7)317 Pine: yellow siding 45.0' 23.3)338 Lime 61.5 ( 9.0)
Chemicals and drugs377 Soda: bicarbonate of 13.2400 Quinine 16.5382 Tallow 23.5397 Opium 24.4396 Glycenne 24.7393 Alcohol: grain 25.9 (20.6)357 Acid: muriatic 26.2 (16.7)360 Acid: sulphuric 27.0 (20.0)362 Alcohol: wood 30.8 (27.4)381 Sulphur 47.7 (24.0)363 Alum 62.8 (18.7)
House-furnishings423 Sheeting: 10-4 Pepperell 23.0430 Tickings: Axnoskeag 23.9427 Tumblers 24.6 (21.7)424 Sheeting: 10-4 Wamsutta 25. 1 (20.6)426 Pitchers 26.8 (12.7)
562 APPENDIX
TABLE XVI (Conc.) —
(1) (2) (3)Ref. Commodity Average duration ofNo. period of rising prices
(in months)
House-furnishings (cont.)412 Kitchen chairs 31.9 (21.2)417 Carpets: Axminster 32.3 (26.7)419 Carpets: Wilton 47.5 (25.2)406 Bedroom sets 48.0 (21.3)418 Carpets: Brussels 48.2 (26.2)405 Bedroom chairs 56.7 (23.5)422 Pails 59.7 (10.5)428 Plates 72.7 (24.0)429 Teacups and saucers 72.7 (24.0)431 Tubs 82.3 (13.0)425 Nappies 84.0 ( )414 Kitchen tables 134.0 (10.0)
Misceflaneous433 Cottonseed meal 20. 1 (15. 1)436 Leather: calf 20.1443 Paper: newsprint 21.9450 Rope 22.0448 Jute 23.4451 Rubber 23.7 (22,4)
440 Leather: sole oak 24. 1441 Leather: sole oak, scoured backs 26.2 (19.2)438 Leather: harness oak 27.0 (19. 1455 Starch: laundry 30.9 (19.4444 Paper: wrapping, Manila 36.0 (29.2)456 Tobacco: plug 52.5 (50.0)457 Tobacco: smoking 149.0 ( )
APPENDIX 563
TABLE XVII
MZASTJRES DESCRIBING THE BEHAVIOR OF WHOLESALE C0MM0DrrY PRICEs DURINGPERIODS OF REVIVAL AND RECESSION IN AMERICAN BUSINESS, 1890-1925.
Average Sequence of Recession, by Groups, with Measures of Inconsistency.'
The figures in column (4) indicate the number of months by which the price turns
of specific commodities precede (—) or lag behind (+) the major turns of the generalprice index.
The measures in column (5) indicate the degree of reliability of the averages incolumn (4). The smaller the measure in column (5), the more is the com-modity in question in respect to the timing of its cyclical price movements.
(1) (2) (3) (4) (5)Ref. Commodity No. of Average MeasureNo. price re- deviation of incon-
cessions from refer- sistencyence date
Farm products6 *Wheat 6 —16.4 10.8
49 10 —11.1 10.95 8 —10.9 10,24 9 — 6.6 10.9'
1 *Barley 10 — 6.4 6.134 8 — 6.4 11.522 *Beans 10 — 6.2 12.042 Hides 10 — 5.7 3.159 Wool: medium ,. 8 — 5.6 10.019 Sheep: wethers 10 — .4.9 4.956 Wool: fine clothing '8 — 4.6 9.915 Hogs: heavy 10 — 4.2 4. 1
53 Race ,9 —4.0 11.217 Sheep: ewes 10 — 3.9 3.316 Hogs: light 10 — 3.8 3.82 SCorn 9 —3.7 9.844 8 — 2.9 11.613 Cattle: choice to prime 10 — 1.5 5.514 Cattle: good to choice 10 — .7 6.231 *Eggs 8 + 2.2 6.825 Cotton 10 + 3.3 5.837 8 + 3.6 9.6
10 + 4,1 15.2
47 Milk 10 + 5.7 7.6
Foods129 *Currants 9 —10.7 10.9152 *Tea 9 — 5.6 13.575 Pork: cured, rough sides 9 — 5.4 9.5
130 Prunes 10 — 5,4 10.876 Pork: cured, short clear sides 9 — 4.9 8.974 Pork: cured, salt mess 10 '— 4.6 8.8
un computing the average time of recession, as given in this table, the entries for period 16 have beenomItted. Because of war-time regulation and other abnormal conditions these entries are not consideredto be representative.
*The commodities marked with an asterisk have price movements which are irregular, in the sense thatthey do not conform in any systematic fashion to the cyclical movements of general prices. For a moredetailed explanation see text pp. 81, 102.
564 APPENDIX
TABLE XVII (Cont.)
(2)Commodity
(3)No. of
price re-cessions
(4)Averagedeviation
from refer-ence date
(5)Measureof incon-sistency
(1)Ref.No.
1199990
1208995
138139145140128158109
6964
1147168
113161115112117146148141131111116149106150104
166173177220221226215228219195174198179216210
Foods (con&)'Flour: wheat, winter straights
'Butter: creamery firsts, N. Y.'Flour: wheat, standard patents'Butter: creamery extra, N. Y.'Butter: creamery extra, St. LouisLardMeal: corn, fine whitePepperMeal: corn, yellow table
'ApplesCottonseed oilCoffeeHamsBeef: freshHerringMuttonBeef: saltCod
'vinegarMackerelCrackers: soda
'Flour: rye'SaltStarch: cornMolassesRaisinsCrackers: oysterSalmon
rawBread: N. Y.
'sugar: granulatedBread: Cincinnati
CkAhs and clithingMen's shoes: black calfMen's shoes: chocolate elkWomen's shoesWorsted yarns: 2-32'sWorsted yarns: 240'sSilk: raw, Japanese, Kansai No. 1BroadclothSilk: raw, Japanese, extra-extraSicilian clothPrint clothsMen's shoes: vici kidCalicoSheetings: 4-4 Ware ShoalsFrench sergeSuiting: Middlesex
81010
81010
89899
10101010
71099
10967
867
7
67
9.5
93
475
109
106
106
1029
1077
— 4.0— 4.0— 3.9— 3.9— 3.3— 3.3— 3.3— 3.0—2.7— 2.6— 1.5—.6+.1+1.1+1.2+1.3+ 1.8+1.9+2.0+2.4+2.5+2.6+3.2+3.5+5.0+ 5.1+5.4+ 5.8+ 8.2+8.4± 8.7+9.0+10.0
— 3.3— 2.4— 2.2— 1.9— 1.6— 1.6—.3—.1
.0+.9+1.5+2.0+ 2.1+ 2.2+3.0
14.27.17.8
13.87.47.46.18.59.18.6
13.54.6
11.46.56.06.08.87.3
10.38.97.5
12.915.111.48.28.36.1
14.79.68.78.49.44.0
4.04.56.56.74.15.47.35.64.97.01.53.07.42 .84.8
'See footnote on page 563.
APPENDIX
TABLE XVII (Cont.)
Cloths and clothing (cant.)
585
(2)Commodity
(3)No. of
price re-cessions
(4)Average
deviationfrom refer-ence date
(1)Ref.No.
199202217203182192186190181191206214197185180193213183218223196184
239232236238234235244248233249237247
295267293302259261263
76294260297301296266
Cotton threadCotton yarns: carded, cones 10/1Storm sergeCotton yarns: carded, cones 22/1Drillings: Mass. DMuslin: Rough RiderGinghams: LancasterMuslin: Fruit of the LoomDrilhings: PepperellMuslin: LonsdaleFlannels: whiteUnderwear: union suitsSheetings: 4-4 Pepperell RGinghams: AmoskeagDenimsMuslin: Wamsi.zttaUnderwear: shirts and drawersFlannel: coloredPoplar clothLinen shoe threadSheetings: 4-4 Indian HeadFlannel: unbleached
Fuel and lightingCokeAnthracite coal: brokenBituminous coal: KanawhaBituminous coal: Pocahonta.sAnthracite coal: eggAnthracite coal: stoveMatchesPetroleum: refined, for exportAnthracite coal: chestnutPetroleum: refined, 130 O fire testBituminous coal: New RiverPetroleum: crude
Metals and metal productsCopper: wireBar iron: from mill, PittsburghCopper: ingotZinc: slabPig iron: basicPig iron: foundry No. 2, NorthernPig iron: foundry No. 2, SouthernSteel billetsCopper: sheetPig iron: BessemerLead: pipeZinc: sheetLead: pigBar iron: from store, Phila.
(5)Measureof incon-sistency
4.16.26.96.95.96.27.35.65.56.12.14.07.07.15.94.41.57.07.27.46.28.7
7.65.25.05 .48.58.5
12.05.37.47.36.58.4
5.47.75.46.24.84.14.52.95.73.75.17.36.44.2
4108
1010101010101082
101010
938S3
109
104
108222
.73788
101010
9l0101010
91088
1010
+3.3+ 3.7+3.7+4.2+4.8+4.8+4.9+ 5.7+ 5.9+6.0+6.0+ 6.0+6.3+6.4+6.7+7.4+8.5+8.7+8.7+8.7+9.2+11.0
—.3+1.3+2.2+3.0+ 4.5+4.3+6.0+ 6.1+6.3+6.3.-I- 6.7+6.9
— 4.2— 4.0— 3.7— 3.7— 2.2— 2.2— 2.0— 2.0— 1.2— 1.1— 1.0—.9—.4—.3
566 APPENDIX
TABLE XVII (Cont.)
(1) (2) (3) (4) (5)Ref. Commodity No. of Average MeasureNo. price re- deviation of incon-
cessions from refer - sistencyence date
Metals and metal products (cont.)299 Silver 8 — .2 9.0300 Tin: pig 10 + .4 7.4289 Wire: fence 9 + 2.2 5.0•298 Quicksilver 9 + 2.4 5.0288 Vises 8 + 3.9 . 7.3271 Planes 4 + 4.0 8.4269 Nails: wire 9 + 4.2 5.8253 Doorknobs 8 + 5.0 7.5254 Files 3 + 5.5 1.5280 Steelrails 5 + 5.5 5.7252 Chisels 6 + 6.2 5.0274 Shovels 7 + 6.5 6.7291 Wood screws 10 + 6.9 7.1251 Butts 7 + 7.3 5.4250 Augers 5 + 7.6 5.5258 Locks 9 +11.2 7.2272 Saws: crosscut I + 13.0 0273 Saws: hand 1 +13.0 0255 Hammers 4 +13.2 8.8287 Trowels 1 +14.0 0
Building materials323 Shingles: cypress 5 2.6 2.4327 Brick 9 — 2.4 9.5317 Pine: yellow siding 5 — 1.4 3.2335 Doors 7 7 3.5338 Lime 5 + .2 14.5324 Shingles: red cedar 8 + .3 9.8350 Rosin 9 + .6 9.3345 Glass: window, B 10 + 1.0 11.4353 Turpentine: spirits of 9 + 1.0 5.6348 Linseed oil 10 + 1.2 8.1310 Oak: white, plain, N.Y. 6 + 1.3 5.4344 Glass: window, A 9 + 1.4 12.1355 Zinc: oxide of 8 + 3.0 8.6352 Tar 8 + 3.6 9.1306 Hemlock: N. Y. 6 + 4.2 3.8354 Lead: carbonate of 10 + 4.3 7.5319 Poplar 9 + 5.2 7.0349 Putty 6 + 6.2 8. 1
308 Maple: N. Y. 6 + 6.8 4.5321 Spruce 9 + 7.8 4.7313 Pine: white bOards 8 + 9.1 5.5312 Oak: white quartered, N. Y. 9 +13.0 6.7
Chemicals and drugs381 Sulphur 4 —10.3 9.9393 Alcohol: grain 8 — 6.8 7.2360 Acid: sulphuric 6 — 5.8 12.5382 Tallow 10 1.8 5.3357 Acid: muriatic .5 — 1 .2 4.6397 Opium 9 + .2 12.2362 Alcohol: wood 9 + 2.5 7.0
APPENDIX 567
TABLE XVII (Conc.)
(1) (2) (3) (4) (5)Ref. Commodity No. of Average MeasureNo. price re- deviation of incon-
cessions from refer- slSteflCyence date
Chemicals and drugs (cont.)400 Quinine 8 + 3. 1 9.5377 Soda: bicarbonate of 7 + 5.3 4.5396 Glycerine 8 + 7.0 4.7363 Alum 5 +10.5 5.0
House-furnishings419 Carpets: Wilton 6 + 2.0 8.7
425 Nappies 3 + 3.7 2.3
418 Carpets: Brussels 6 + 3.8 8.4
423 Sheeting: 10-4 Pepperell 10 + 3.8 6.2
427 Tumblers 8 + 4.3 8.3
406 Bedroom sets 5 ± 5.0 2.1430 Tickings: Amoskeag 10 + 5.3 6.6414 Kitchen tables 4 + 5.5 3.2431 Tubs 4 + 5.5 8.4417 Carpets: Axminster 7 + 7.0 3.6422 Pails 5 + 7.6 5.1424 Sheeting: 10.4 Wamsutta 8 + 8.0 5.0405 Bedroom chairs 4 + 8.7 3.2426 Pitchers 7 + 9.3 8.9428 Plates 3 +11.3 7.4429 Teacupsandsaucers 3 +11.3 7.4412 Kitchen chairs 8 +11.7 7.4
Miscellaneous451 Rubber 9 — 6.4 9.9433 Cottonseed meal 9 — 4.9 7. 1436 Leather: calf 10 — 1,6 8.9441 Leather: sole oak, scoured backs 9 — 1.3 6.8450 Rope 10 + .3 3.7438 Leather: harness oak 9 + .6 7.5455 Starch: laundry 7 + .7 4.9440 Leather: sole oak 10 + .9 6.1448 Jute 10 + 2.8 8.1
457 Tobacco: smoking 2 + 4.0 5.0456 Tobacco: plug 5 + 4.8 9.9
443 Paper: newsprint 8 + 10.0 7.2
Paper:wrapping, Manila 7 +14.0 9.1
568 APPENDIX
TABLE XVIII
MEASURES DESCRIBING THE BEHAVIOR OF WHOLESALE PRICES DURINGPERIODS OF REVIVAL AND RECESSION IN AMERICAN BUSINESS, 1890-1925.
Ranking of Commodities, by Groups, according to the Average Duration of thePeriod of Falling Prices.'
(1) (2) (3)
Ref. Commodity Average duration ofNO. period of falling prices
(in months)
Farm products
13 Cattle: choice to prime 9.947 Milk 12.914 Cattle: good to choice 13.219 Sheep: wethers 13.231 *Eggs 13.242 Hides 13.417 Sheep: ewes 13.734 14.9
1 15.251 16.325 Cotton 16.559 Wool: medium 17.515 Hogs: heavy 17.616 Hogs: light 17.74 19.02 *Corn 19.2
22 *Beans 20.149 20.453 Rice 20.4 (18.6)
5 Rye 20.7 (18.6)56 Wool: fine clothing 20.7 (13.7)
6 *Wheat 22.0 (18.8)37 22.144 Hops 27.4 (21.8)
Foods
140 Meal: corn yellow table 11.2106 Bread: N. 12.0139 Meal: corn, fine white 12.971 Mutton 14.499 Cheese 14.464 Beef: fresh 14.569 Hams 15.889 creamery extra, N. Y. 15.895 creamery extra, St. Louis 15.8158 Cottonseed oil 15.9
68 Beef: salt 16.190 *Butter: creameryfirsts, N. Y. 16.674 Pork: cured, salt mess 17.0
iThe main entries in this table are averages based upon all the recorded periods of falling price. Incomputing the averages given in parentheses account has been taken oniy of those periods of decline whichwere limited to a single phase of recession (and depression).
*The commodities marked with an asterisk have price movements which are irregular, in the sense thatthey do not conform in any systematic fashion to the cyclical movements of general prices. For a moredetailed explanation see text, pp. 81, 102.
APPENDIX 569
TABLE XVIII (Cont.)
(1) (2) (3)Ref. Commodity Average duration ofNo. period of falling pri-
ces(in months)
Foods (cont.)120 *FIour: wheat, standard patents 17.2 (14.3)146 *Salt 17.5109 Coffee 17.7150 *Sugar: granulated 17.7 (16.1)149 *Sugar: raw 18.1 16.6)
76 Pork: cured, short clear sides 19.0 16.1)
75 Pork: cured, rough sides 19.9 17.0)113 Cod 20.9 16.7)131 Raisins 20.9 17.5)138 Lard 21.0 18.0)
115 Mackerel 21.3129 *Currants 21.4111 Crackers: oyster 21.7 (10.7)
152 *Tea 21.9114 Herring 22.1 (17.4)
119 *Flour: wheat, winter straights 22.1 (19.9)145 Pepper 22.6 (15.4)
116 Sahnon 22.7130 Prunes 22.9128 *Apples 23.4 (22.1)141 Molasses 23.7112 Crackers: soda 24.0 11.2)
161 *vinegar 24.8 18.4)117 *Flour: rye 25.9 19.8)
148 Starch: corn 29.4 17.2)104 Bread: Cincinnati 59.0 4.0)
Cloths and clothing206 Flannel: white 11 .1184 Flannel: unbleached 11.6190 Muslin: Fruit of the Loom 11.9228 Silk: raw, Japanese, extra-extra 11.9•183 Flannel: colored 12.0226 Silk: raw, Japanese, Kansai, No. 1 12.6182 Drillings: Mass.D 13.4191 Muslin: Lonsdale 14.2186 Ginghams; Lancaster 14.9180 Denuns 15.8185 Ginghams: Ainoskeag 16.0196 Sheetings: 4-4 Indian Head 16.6192 Muslin: Rough Rider 16.8203 Cotton yarns: carded, cones 22/1 17.1174 Men's shoes: vici kid 17.5197 Sheetings: 4-4 Pepperell R 17.5220 Worsted yarns: 2-32's 18.2202 Cotton yarns: carded, cones 10/1 18.3217 Storm serge 18.7 (14.1)221 Worsted yarns: 2-40's 18.7 (14.5)193 Muslin: Wamsutta 18.8
SSee footnote on page 568.
• 570 APPENDIX
TABLE XVIII (Cont.)
(1) (2) (3)Ref. Commodity Average duration ofNo. period of falling pri-
ces(in months)
Cloths and clothing (cont.)198 Sheetings: 44 Ware Shoals 18.9195 Print cloths 19.0181 Drillings: Pepperell 19.4215 Broadcloth 19.5 (15.2)
218 Poplar cloth 20.2 (14.0)210 Suiting: Middlesex 21.1 (15.7)173 Men's shoes: chocolate elk 22. 7216 French serge 23.1 (16.0)179 Calico 24.4 (19.7)
166 Men's shoes: black calf 25.5219 Sicilian cloth 25.8 (14.0)177 Women's shoes 26.6213 Underwear: shirts and drawers 28. 7 (13 .0)
214 Underwear: union suits 47.5 (23 .0)199 Cotton thread 49.2 (32:3)223 Linen shoe thread 49.7 (35.0)
Fuel and lighting247 Petroleum: crude 16.7 (14.7)239 Coke 17.2248 Petroleum: refined, for export 19.9 (17.2)
233 Anthracite coal: chestnut 21.0232 Anthracite coal: broken 23.0237 Bituminous coal: New River 23.7 (13.7)249 Petroleum: refined, 1500 fire test 24.0 (22.5)
236 Bituminous coal: Kanawha 25.2235 Anthracite coal: stove 31 .0238 Bituminous coal: Pocahontas 31.1 (21.7)
234 Anthracite coal: egg 33.0244 Matches 81.0 (7.0)
Metals and metal products272 Saws: crosscut 15.0273 Saws: hand297 Lead: pipe 15.6300 Tin: pig 15.6296 Lead: pig 15.8291 Wood screws 16.7289 Wire: fence 17.1
298 Quicksilver 18.4 (13.4)299 Silver 18.5280 Steel rails 18.6258 Locks 19.0287 Trowels 19.0266 Bar iron: from store, Phila. 19.1
302 Zinc: slab 19.1
263 Pig iron: foundry No. 2, Southern 19.3
250 Augers 19.5 (12.7)294 Copper: sheet 20.0293 Copper: ingot 20.2260 Pig iron: Bessemer 20.7
APPENDIX 571
TABLE XVIII (Cont.)
(1) (2) (3)Ref. Commodity Average duration ofNo. period of falling
prices(in months)
Metals and metal products (coni.)301 Zinc: sheet 20.7261 Pig iron: foundry No. 2, Northern 21. 1267 Bar iron: from mill, Pittsburgh 21.3276 Steel billets 21.4295 Copper: wire 22.4253 Doorknobs 22.7269 Nails: wire 22.8 (18.7)259 Pig iron: basic 23.0251 Butts 23.1 (19.0)
274 Shovels 24.7 (24.3)
255 Hammers 28.7 (18.3)288 Vises S 28.9 (24.9)
252 Chisels 30.2 (24.4)
271 Planes 56.3 (39.0)254 Files 70.3 (16.0)
Building materials348 Linseed oil 12.6308 Maple: N. Y. 14.0353 Turpentine: spirits of 14.0354 Lead: carbonate of 14.9312 Oak: white quartered, N. Y. 15.4345 Glass: window, B 15.9
344 Glass: window, A 16.1350 Rosin 16.2
352 Tar 17.4306 Hemlock: N. Y. 17.5338 Lime 17.7
321 Spruce 18.3327 Brick 18.3317 Pine: yellow siding 19.4313 Pine: winte boards 20.0 (12.7)323 Shingles: cypress 20.2355 Zinc: oxide of 22.1319 Poplar: N. Y. 22.8 (18.0)324 Shuigles: red cedar 26.2 (20.1)
310 Oak: white plain, N. Y. 27.3 21.0)335 Doors 28.3 23.2349 Putty S 34.8 16.7
Chemicals and drugs363 Alum 10.4362 Alcohol: wood 13.4382 Tallow 14.8397 Opium 14.8393 Alcohol: grain 18.6396 Glycerine 18.6 12.0)
400 Quinine 28.3 22.7)381 Sulphur 39.7 23.3)
Acid: sulphuric 46.4 21.7)357 Acid: muriatic 53.5 18.7)377 Soda: bicarbonate of 57.8 22.0)
572 APPENDIX
TABLE XVIII (Conc.)
(1) (2) (3)Ref. Commodity Average duration ofNo. period 0 falling
prices(in months)
House-furnishings430 Tickings: Amoskeag 14.8423 Sheeting: 10-4Pepperell 15.8406 Bedroom sets 16.7418 Carpets: Brussels 19.5 (10.8)419 Carpets: Wilton 19.8 (10.6)424 Sheeting: 10-4 Wamsutta 20.0417 Carpets: Axminster 22.3 (13.2)422 Pails 24.2 (16.0)412 Kitchen chairs 26.0 (19.8)405 Bedroom chairs 27.3 (19.5)431 Tubs 35.7 (20.3)426 Pitchers 36.0 (31.2)414 Kitchen tables 43.5 (21 .0)428 Plates 53.0 (19.0)429 Teacupsandsaucers 53.0 (19.0)1.27 Tumblers 56.6 (12.5)425 Nappies 66.0 (60.0)
Miscellaneous457 Tobacco: smoking 9.0444 Paper: wrapping, Manila 14.0 (10.0)440 Leather: sole oai 14.8448 Jute 15.2441 Leather: sole oak, scoured backs 15. 7438 Leather: harness oak 15. 7450 Rope 16.8443 Paper: newsprint 17.3436 Leather: calZ 19.6451 Rubber 20.0433 Cottonseed meal 22.2455 Starch: laundry 22.3 (19.8)456 Tobacco: plug 42.3 (13.5)
TA
BL
E X
IX
DESC1UP'rzyE
OF
FRE
QU
EN
CY
DIS
TR
IBU
TIO
NS
OF
UN
WE
IGH
TE
D F
IXE
D B
AsE
RE
LA
TIV
ES
OF
CO
MM
OD
ITY
PR
IcE
S A
TW
hOL
ESA
LE
, IN
TH
E U
NIT
ED
ST
AT
ES,
(Ari
thm
etic
Mea
sure
s)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
Yea
r M
ean
Me-
Stan
d-.67
4Sf
SiSkewness2
Kur
tosi
sr
Pear
-th
anar
d de
-M
soni
anvi
atio
ncu
rve
xlO
Oty
pe
1891
100.
0 10
0.0
1892
95.4
95.9
10.20
7.2
.0324
4.6774
—.0487
1.67
743.
2576
.007
96.
7135
IV
1893
05.1
95.5
15.42
10.9
1.8537
7.5394
—.4082
4.5394
3.5177
.594
97.9922 IV
1894
85.7
87.2
14.54
11.4
.0047
3.47
28—.0266
.472
8.9315
.0038
15.8976 IV
1895
84.3
83.5
16.03
12.8
2.7955
14.9681
.3061
11.9681
15.5497
.2818
4.3110 IV
z18
9681.5
81.9
16.91
14.0
.1349
6.7421
—.0749
3.7421
7.0795
.0170
4.7522 I'V
1897
81.0
81.8
15.77
13.1
.0324
3.1449
—.0847
.1449
.1926
.1272
65.8100 IV
1898
84.9
83.9
17.84
14.2
.7484
5.92
07.2395
2.9207
3.5962
.1931
6.9612 IV
k18
9992.5
91.0
20.82
15.2
.4491
5.11
19.1960
2.1119
2.8765
.1345
7.6401 IV
1900
100.
199.1
23.34
15.7
.3242
4.8728
.1670
1.8728
2.7730
.0978
7.6782 IV
1901
99.2
97.6
24.26
16.5
.9128
5.4111
.3194
2.4111
2.0838
.4098
10.0728 IV
1902
102.8
98.7
25.56
16.8
.8695
5.6831
.2851
2.6831
2.7577
.2953
8.2973 IV
'The
num
bers
of
pric
e qu
otat
ions
for
the
diff
eren
t yea
rs w
ere
as f
ollo
ws:
1891
-190
2:19
519
19-1
922:
391
1902
-191
3:205
1923
-192
4:39
019
13-1
917:
391
1925:
387
1918:
389
1926:
385
The eight
tabl
esfollowing (XIX to XXVII) are based on the
pric
e qu
otat
ions
, with two minor exceptions in the
case
of link relatives.
'Ameasure
ofskewness, derived
afte
r Pearson's formula, has been included
for
each
of the distributions in these tables.
Since ideal
J cu
rves
are
mod
eles
s,the
term skewness has
not t
he s
sme
Rignificance for
thes
e di
stri
butio
ns a
s it
has for distributions
with
true
mod
es.
TA
BLE
XIX
(Con
t.)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
Year
Mea
nM
e—St
and-
.67
45u
Skew
ness
Kur
tosi
sK
!r
Pear
-di
anar
d de
-M
soni
an-
viat
ion
curv
exl
OO
type
1902
100.
0 10
0.0
1903
101.3
101.6
11.34
7.6
.1171
3.8010
—.1
251
.801
01.
2507
.072
912
.875
5 IV
1904
101.6 101.0
17.49
11.6
.1826
4.1786
.1420
1.1786
1.8094
.0804
9.9348 IV
1905
103.0 102.9
19.20
12.6
.8820
7.0173
.2262
4.0173
5.3886
.1615
5.7180 IV
1906
109.0 108.0
22.36
13.8
2.0503
10.2442
.3169
7.2442
8.3375
.3096
5.1770 IV
1907
115.1
114.6
23.98
14.0
1.9982
10.6027
.3002
7.6027
9.2108
.2756
4.9536 IV
1908
106.8 109.0
20.23
13.8
.0552
5.5577
—.0545
2.5577
4.9498
.0093
5.4578 IV
1909
109.9 112.3
22.10
13.6
.4259
6.6789
—.1446
3.6789
6.0801
.0645
5.1838 IV
1910
115.2
115,7
28.51
16.7
5.9280
18.9393
—.5328
15.9393
14.0946
.8730
5.1131 IV
1911
113.1
110.8
34.23
20,4
13.6001
31.5601
.9483
28.5601
16.3199
2.9124
6.2353
1912
116.6 114.6
33.59
19.4
15.0925
33.2958
1.0535
30.2958
15.3141
3.6924
6.7402
1913
116.7 116.3
28.55
16.5
2.9179
10.9979
.4198
7.9979
7.24
21.5
601
5.86
57 I
V
1913
100.0 100.0
1914
100.0
99.6
13.05
8.8
8.9019
23.5430
.7160
20.5430
14.3804
1.6161
5.6591 VI
1915
110.1
100.4
71.05
43.5
118.4667
139.3550
33.6462
136.3550 —82.6901 —35.9281
—1.4431 Lr
1916
142.5 121.0
131.37
62.2
164.2497
200.3467
180.0956
197.3467 —98.0557 —56.1044
—2.1476 Li
1917
190.5
171.2
135.38
47.9
147.4448
192.4489
17.3041
189.4489 —63.4366 —67.7854
—4.1620 Lr
1918
214.7 192.3
119.27
37,5
126.6821
148.1861
30.2116
145.1861 —89.6741 —37.9532
—1.3719 Li
1919
218.4 208.9
70.63
21.8
29.6149
68.2365
1.2546
65.2365
41.6283
4.9024
5.4225
1920
245.3 229.3
81.44
22.4
1.7070
7.4701
.3777
4.4701
3.8192
.4947
7.4829 IV
1921
160.2
154.7
52.44
22.1
.6937
4.9142
.2889
1.9142
1.7473
.3537
11.0588 IV
1922
154.5
151.5
44.56
19.4
.2572
3.6644
.2172
.6644
.557
2.3691
25.9210 IV
1923
164.8 159.9
48.18
19.7
.1736
3.3765
.1942
.3765
.2322
.5852
56.9225 IV
1924
162.8
156.3
48.73
20.2
1.0214
6.2636
.2891
3.2636
3.4630
.2877
7.3500 IV
1925
167.
7165.1
44.99
18.1
.5460
5.05
58.2289
2.0558
2.4736
.1927
8.5134 IV
1926
161.1
156.0
45.60
19.1
5.4141
.2808
2.4141
2.4555
.2956
8.8533 IV
TA
BL
E X
X
ME
ASU
RE
S D
Esc
rnPr
IvE
FRE
QU
EN
CY
DIS
TR
IBU
TIO
NS
OF
WE
IGH
TE
D F
IXE
D B
ASE
RE
LA
PIV
ES
OF
CO
MM
OD
ITY
PRIC
ES
AT
WH
OL
ESA
LE
, IN
TE
E U
NIT
ED
ST
AT
ES,
189
1-1
926'
(Ari
thm
etic
Mea
sure
s)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
Yea
r M
ean
Me-
Stan
d-.67
4.5u
th$2
Ske
wne
ssK
urto
sis
rPe
ar-
dian
ard
de-
som
anvi
atio
ncu
rve
xlO
Oty
pe
1891
100.
010
0.0
1892
95.1
94.3
10.2
17.
2.0
478
4.07
26.0
698
1.07
262.
0018
.018
59.0662 IV
1893
97.4
97.1
18.53
12.8
1.9758
5.9890
.6950
2.9890
.0506
43.7514
357.2961 VI
1894
87.3
88.3
16.31
12.6
.0101
3.1859
—.0453
.1859
.3415
.0223
38.2278 IV
1895
89.6
87.8
22.54
17.0
8.1685
15.2603
1.4267
12.2603
.0151
1234.2275 2420.5828 VI.,
1896
85.1
84.1
20.31
16.1
2.8532
10.1647
.4501
7.1647
5.7698
.6675
6.5633
IV1897
85.2
85.4
14.69
11.6
.1606
3.8359
—.1486
.8359
1.1900
.1061
13.4889 IV
1898
88.1
88.7
16.70
12.8
.1307
3.8940
—.1287
.8940
1.3959
.0733
11.8775 IV
1899
94.8
93.6
23.87
17.0
2.3919
7.7648
.5380
4.7648
2.3539
1.2326
11.1463 VI
__
1900
102.9
102.4
24.53
16.1
1.6901
7.6508
.3622
4.6508
4.2313
.4437
7.0343 IV
1901
102.2
100.5
23.53
15.5
.8989
5.1518
.3400
2.1518
1.6069
.518
912.1460 IV
1902
109.7
104.2
29.45
18.1
1.2688
5.3091
.4711
2.3091
.8118
1.5488
22.4708 VI
1902
100.0 100.0
1903
102.3
102.4
13.89
9.2
.0381
2.7290
—.1266
—.2710
—.6563
—.0441 —15.4585 I
1904
103.8
102.7
21.50
14.0
.1170
2.1737
.7586
—.8263
—2.0036
—.0468
—3.1644 I
1905
103.7
104.9
20.69
13.5
.3019
3.4700
—.2719
.4700
.0343
7.0995
379.2595 VI
1906
106.6 106.2
19.93
12.6
.4866
4.9688
.2151
1.9688
2.4778
.1693
8.4321 IV
1907
113,5
113.8
20.63
12.3
.4219
5.1828
—.1848
2.1828
3.0999
.1170
7.2794 IV
1908
108.6 109.7
19.50
12.1
.0015
3.0008
—.0194
.0008
—.0029
—.3879—4136.4827 I
1909
116.3 113.6
23.52
13.6
.4003
4.8273
.1944
1.8273
2.4537
.1380
8.3800 IV
1910
120.3
117.2
28.39
15.9
2.15
939.7736
.3487
6.7736
7.0693
.3820
5.6138 IV
1911
113.3 111.0
24.85
14.8
2.6761
18.4569
.2611
15.4569
22.8855
.2045
3.8751 IV
1912
119.6 123.5
24.00
13.5
2.3591
20.8577
—.2258
17.8577
28.6381
.1535
3.6661 IV
1913
120.9
123.1
24.91
13.9
.6017
6.1958
—.1942
3.1958
4.5865
.1207
6.0099 Tv
-4
iSee
foo
tnot
e to
Tab
le X
IX c
once
rnin
g th
e nu
mbe
r of
pri
ce q
uota
tions
.C
l'
TA
BL
E X
X (
Con
t.)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
Year
Mea
nM
e-St
and-
.67
45w
Skew
ness
Kur
tosi
sr
Pear
-di
anar
d de
-M
Son
I
viat
ion
curv
exl
OO
type
1913
100.0 100.0
1914
98.3
99.3
10.28
7.1
.0572
8.9118
—.0405
3.9118
11.6520
.0049
4.04
46 I
V1915
100.6
97.9
32.17
21.6
357.4706
574.8087
7.5842
571.8087
71.2056
341.5485
18.2293
VI.,
1916
127.8
118.2
42.96
22.7
330.8562
765.6991
3.8112
762.6991
532.8296
44.3083
4.8853 VIz
1917
180.1
174.6
61.40
23.0
41.8122
194.7847
.8955
191.7847
238.1328
2.4233
3.5324
STE.,
1918
198.5
187.7
56.40
19.2
26.0769
153.2418
.6641
150.
2418
222.2529
1.3134
3.4060 VI
1919
211.8 207.9
51.39
16.4
1.0105
13.8801
.1561
10.280!
18.7287
.0732
3.8026 IV
1920
236.7 223.2
71.33
20.3
.6192
4.6257
.2881
1.6257
1.3938
.3880
12.9423 IV
1921
155.0 151.9
48.78
21.2
1.0307
7.0034
.256
04.0034
4.9147
.2105
6.0708 IV
1922
153.0 156.0
42.37
18.4
.2059
4.3653
—.1442
1.3653
2.11
29.0785
8.9717 IV
1923
162.8 160.3
45.43
18.8
.0238
3.0730
.0753
.0730
.0746
.2407
164.8150 IV
1924
157.9 152.5
43.29
18.5
.4914
5.4967
.1917
2.4967
3.5192
.1229
6.8287 IV
1925
164.1
162.5
39.33
16.2
1.0430
6.7671
.2685
3.767!
4.4032
.2359
6.4343 IV
1926
156.4 152.1
41.82
18.0
.9397
6.1209
.2769
3.1209
3.4227
.2636
7.3296 IV
TA
BLE
XX
I
ME
AS
UR
ES
DE
SCR
IPT
IVE
OF
FRE
QU
EN
CY
DIS
TR
IBU
TIO
NS
UN
WE
IGH
TE
D F
IXE
D B
ASE
RE
LA
TIV
ES
OF
PRIC
ES
AT
WH
OL
ESA
LE
, IN
TH
E U
NIT
ED
ST
AT
ES,
191
3-.1
926'
(Geo
met
ric
and
Log
arith
mic
Mea
sure
s)2
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(U)
Year
Mea
n M
edia
n St
and-
(Joe
l-In
dex
Skew
-Kurtosis
Ki
rPear-
ard
de-
fici
ent
of d
is-
ness
som
anvi
atio
nof
van
- pe
rsio
n3cu
rve
atio
ntype
1913
100.0
100.0
1914
99.2
99.6
.0525
2.63
8.2
.9344 10.4054 —.1731
7.4054
12.0077
.090!
4.2328
IV
1915
104.0
100.3
.1147
5.69
17.9
17.3358 33.1633
1.4258 30.1633
8.3192
8.4480
10.6939
VTj
1916
130.3
122.4
.1416
6.69
22.2
13.8397 23.6492
1.8914 20.6492
—.2207——209.8989—239.4525
Lr
176.3
171.0
.1507
6.71
23.7
2.8356 12.6623
.3536
9.6623
10.8179
.3814
4.8956
IV
1918
202.1
194.4
.1390
6.03
21.8
1.6231 11.2838
.2415
8.2832
11.6984
.1738
4.4420
IV
1919
210.7
208.8
.1174
5.05
18.4
.0429
7.1791
.0396
4.1791
8.2294
.0047
4.47
38IV
1920
233.0
229.5
.1417
5.99
22.2
.1385
5.5534
.088
72.5534
4.6914
.0248
5.6464
IVk
1921
151.6
154.7
.1490
6.83
23.3
.5101
5.4174 —.2001
2.4174
3.3044
.1358
7.0947
IV
1922
147.7
150.9
.1328
6.12
20.8
.7139
6.5537 —.2071
3.5537
4.9656
.1363
5.8479
IV1923
158.1
161.9
.1356
6.17
21.2
.4453
4.57
13—.2259
1.5713
1.8067
.2084
10.3813
IV
1924
155.4
156.6
.1341
6.12
21.0
.4564
6.19
44—.1615
3.1944
5.0197
.0821
5.6633
IV19
25161.3
164.9
.1200
5.43
18.8
.2115
4.0400 —.1630
1.04
001.4457
.1167
11.7396
IV
1926
154.7
156.0
.1249
5.70
19.0
.2473
4.7307 —.
1460
1.7307
2.7194
.0747
7.6856
IV
3See
foot
note
toX
IX c
once
rnin
g th
enu
mbe
rof
pri
ce q
uota
tions
.2/
ilJm
easu
res
in th
is ta
ble
have
bee
n co
mpu
ted
from
the
loga
rith
ms
of r
elat
ive
pric
es.
The
ave
rage
s an
d th
e in
dexe
s of
dis
pers
ion
give
n in
the
tabl
es a
re th
e an
ti-lo
gari
thm
s of
the
corr
espo
ndin
g lo
gari
thm
ic m
easu
res.
The
sta
ndar
d de
viat
ions
and
the
coef
fici
ents
of
vari
atio
n ar
e gi
ven
as d
eriv
ed d
irec
tly f
rom
the
loga
rith
ms
The
cri
teri
a of
cur
ve ty
pe r
elat
e to
the
loga
rith
mic
dis
trib
utio
ns.
3See
pag
e 25
7 fo
r an
exp
lana
tion
of th
e in
dex
of d
ispe
rsio
n.
TA
BL
E X
XII
ME
ASU
RE
S D
ESC
RIP
TIV
E O
F FR
EQ
tTE
NC
Y D
IST
RIB
UT
ION
S O
F W
EIG
HT
ED
FIX
ED
BA
SE R
EL
AT
IVE
S O
F C
OM
MO
DIT
YPR
IcE
sW
HO
LE
SAL
E, I
N T
HE
UN
ITE
D S
TA
TE
S,
(Geometric
and
Log
arith
mic
Mea
sure
s)2
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
Yea
rM
ean
Med
ian
Stan
d-C
oef-
Inde
xSk
ew-
Kur
tosi
sr
Pear
-ar
d de
-fi
cien
tof
dis
-ne
ssso
nian
viat
ion
of v
an-
pers
ion3
Cur
veat
ion
type
1913
100.0
100.0
1914
97.9
99.7
.0473
2.38
7.4
.4060
5.4619
1698
2.4619
3.7058
.0951
6.5668
IV
1915
98.6
98.2
.0809
4.06
12.6
3,7025 22.2292
3037 19.2292
27.3508
.2768
3.8448
IV1916
124.6
118.4
.0935
4.46
14.6
3.0788 13.1573
3700 10.1573
11.0780
.4180
4.9170
Iv
1917
172.2
170.8
.1288
5.76
20.1
.0899
4.3698
0898
1.3698
2.4697
.0287
7.9682
IV
z19
18192.2
189.2
.1160
5.08
18.1
.0205
5.0962
0354
2.0962
4.1181
.0040
5.9383
IV
1919
205.2
205.2
.1101
4.76
17.8
.5279
6.1388
1792
3.1388
4.6940
.1022
5.8939
IV
1920
225.3
223.6
.1382
5.87
21.6
1.3540
9.3309
2429
6.3309
8.5999
.1799
4.8677
IV
k19
21146.6
151.5
.1499
6.92
23.5
1.6704
9.2122
2919
6.2122
7.4132
.2639
5.29
47IV
1922
147.8
152.3
.1336
6.16
21.0
3.3579 13.2803
4004 10.2803
10.4869
.4929
5.1049
IV
1923
155.8
161.2
.1372
6.26
21.5
1.4547
6.9868
3500
3.9868
3.6095
.4261
7.5336
IV
1924
152.3
153.3
.1337
6.13
21.0
2.5631
11.4574
3517
8.4574
9.2256
.3806
5.1342
IV
1925
159.4
162.3
.1043
4.74
16.3
.0732
4.5321
0770
1.5321
2.8447
.0204
7.2956
IV
1926
150.7
152.1
.1178
5.41
17.4
.4037
5.9850
1543
2.9850
4.7587
.0753
5.7762
IV
tSee
foot
note
to T
able
XIX
con
cern
ing
the
num
ber
of p
rice
quo
tatio
ns.
the
mea
sure
s in
this
tabl
e ha
ve b
een
com
pute
d fr
om th
e lo
gari
thm
s of
rel
ativ
e pr
ices
.T
he a
vera
ges
and
the
inde
xes
of d
ispe
rsio
n gi
ven
in th
e ta
ble
are
the
anti-
loga
rith
ms
of th
e co
rres
pond
ing
loga
rith
mic
mea
sure
s.T
he s
tand
ard
devi
atio
ns a
nd th
e co
effi
cien
ts o
f va
riat
ion
are
give
n as
der
ived
from
the
loga
rith
ms.
The
cri
teri
a of
cur
ve ty
pe r
elat
e to
the
loga
rith
mic
dis
trib
utio
ns.
8See
pag
e 25
7 fo
r ex
plan
atio
n of
the
inde
x of
dis
pers
ion.
TA
BL
E X
XII
I
ME
ASU
RE
S D
ESC
RIP
TIV
E O
F FR
EQ
UE
NC
Y D
IST
RIB
UT
ION
S O
F U
NW
EIG
HT
ED
LIN
K R
EL
AT
IVE
S O
FC
OM
MO
DIT
Y P
rncE
s A
T W
HO
LE
SAL
E, I
N T
HE
UN
ITE
D S
TA
TE
S,19
13-1
926'
(Ari
thm
etic
Mea
sure
s)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
Year
Mea
nChain Median Chain
Stand-
Ske
w-
Ku.
r-r
Pear-
index
inde
xar
dM
ness
tosi
sso
nian
(fro
m(f
rom
dew
-cu
rve
mea
ns)
me-
atio
nxl
OO
type
dian
s)
1913
100
.010
0.0
100.
010
0.0
1914
100
.010
0.0
99.6
99.6
13.0
68.
88.
9019
23.5
430
.716
0 20
.543
014
.380
41.
6161
5.69
15V
I19
1510
8.7
108.
710
1.5
101.
241
.75
25.9
67.0
9458
7.55
9014
.140
9. 8
4.55
90—
32.1
655—
---2
8.71
13 —
3.63
08 L
i'19
16 1
27.6
138.
711
9.8
121.
232
.07
17.0
12.8
9272
8.34
36 1
.016
4 25
.343
612
.009
23.
5299
7.22
00 Y
bZ
1917
138.
019
1.4
135.
016
3.6
26.6
313
.0.1
928
4.66
91.1
277
1,66
912.
7598
.056
87.
5577
IV19
18 1
17.0
224.
011
6.8
191.
123
.16
13.3
.206
3 4.
8084
.128
51.
8084
2.99
78.0
563
7.20
93 IV
I'1919
107.
324
0.3
106.
520
3.5
25.9
316
.32.
1594
12.8
999
.274
69.
8999
13.3
216
.227
04.
3871
IV
1920
114.
127
4.2
109.
922
3.6
27.8
816
.51.
6047
6.4
206
.442
83.
4206
2.02
72.8
416
11.2
941
IV19
2167
.418
4.9
67.9
151.
817
.32
17.3
.051
0 2.
8911
—.1
292
—.1
089
—.3
708
—.1
046—
29.7
751
I19
2299
.218
3.4
94.9
144.
119
.50
13.3
2.27
98 6
.726
7.6
703
3.72
67.6
140
4.37
6733
.688
5 V
I19
2310
7.9
197.
910
6.8
153.
915
.59
9.7
.890
9 8.
1655
.199
05.
1655
7.65
85.1
209
4.91
59 IV
1924
99.5
196.
998
.915
2.1
14.2
59,
713
.393
938.
2291
.741
2 35
.229
130
.276
61.
6676
4.72
35 V
I19
2510
5.2
207.
110
2.7
156.
216
.20
10.4
12.4
6613
0.24
20.8
705
27.2
420
17.0
857
2.41
195.
8912
1926
96.4
199.
697
.115
1.7
10.8
47.
6.2
045
7.69
64—
.085
64.
6964
8.77
93.0
221
4.43
67 IV
iThe
num
bers
of
pric
equ
otat
ions
for the different years were as follows:
-
1913
-191
7:39
119
18-1
919:
339
1920—1022:
391
1923-1924:
390
1925:
387
1926:
385
TA
BL
E X
XIV
DE
SCR
IPT
IVE
ov
FRE
QU
EN
CY
DIs
TR
IBU
'noN
s O
F W
EIG
HT
ED
LIN
K R
EL
AT
IVE
S O
F C
OM
-M
OD
ITY
PR
ICE
S A
T W
HO
LE
SAL
E, I
N T
HE
UN
ITE
D S
TA
TE
S,
(Arithmetic
Mea
sure
s)
(1)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
Year
Mea
n C
hain
Me-
Cha
inSt
and-
.67
45u
Skew
-K
ur-
1C2
rPe
ar-
inde
xdi
anin
dex
ard
Mne
ssto
sis
soni
an(f
rom
(fro
mdc
vi-
curv
em
eans
)m
e-at
ion
x!00
type
dian
s)
1913
100.
010
0.0
100.0
100.0
1914
98.3
98.3
99.3
99.3
10.2
87.1
.0572
8.9118—.0405
5.9118
11.6520
.0049
4.04
46IV
1915 102.4
100.6
99.2
98.5
21.29
14.0
106:3636 218.5702 2.5637 215.5702 112.0496
20.9847
5.9548 Vii
1916 128.4
129.2 120.4
118.6
30.86
16.2
8.8848 21.8054
.7913 18.8054
10.9564
2.0596
6.5280 VI
1917 140.9
182.1
138.9
164.8
25.63
12.3
.3344
4.4861
.1895
1.486!
1.9690
.1405
9.6040 IV
1918 113.7
207.0 114.9
189.4
22.77
13.5
.152
81.9462
3.4340
.0363
6.6279 IV
1919 108.5
224.7
107.3
203.2
19.24
12.0
1.0245
7.2402
.2462
4.2402
5.4069
.1919
5.7878 IV
1920 113.1
254.1
109.2
221.8
27.16
16.2
1.3927
6.2127
.3966
3.2127
2.2473
.6361
10.1989 IV
1921
67.5
171.5
65.9
146.1
17.97
18.0
.1777
2.6842
.3571 —.3158 —1.1647
—.1208 —7.7608 I
1922 102.6
175.9
98.5
144.0
19.45
12.8
2.3182
6.9266
.6446
3.9266
.8986
3.0625
24.0935 VI
1923 106.2
186.9 104.9
151.0
17.34
11.0
.2557
2.3434 1.1423 —.6566 —2.0803
—.1019 —3.1371 I
1924
98.2
183.5
98.0
148.0
12.05
8.3
2.2712 19.4988
.2265 16.4988
26.1840
.1542
3.7185 IV
1925 107.3
197.0 104.1
154.1
22.19
13.9
11.7
941
24.4515
1.10
9321.4515
7.5207
4.7329
9.3002 VIa
1926
95.4
187.9
97.0
149.5
12.07
8.5
.0785
5.0592—.0713
2.0592
3.8829
.0164
6.1511 IV
'See
foot
note
to T
able
XX
III
conc
erni
ng th
e nu
mbe
r øf
pri
ce q
uota
tions
.
TA
BL
E X
XV
ME
ASU
RE
S D
Esc
mr'r
IvE
OF
FRE
QU
EN
CY
DIs
mra
urrO
Ns
OF
UN
WE
IGH
TE
J) L
INK
RE
LA
TIV
ES
OF
CO
M-
MO
DIT
Y P
RIC
ES
AT
WH
OL
ESA
LE
, IN
TH
E U
NIT
ED
ST
AT
ES,
(Geo
met
rican
d L
ogar
ithm
ic M
easu
res)
2
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
Year
Mea
n C
hain
Cha
inSt
and-
Coe
f-In
dex
Skew
-K
ur-
rPe
ar-
inde
xdi
anin
dex
ard
fici
ent
of d
is-
ness
tosi
sso
man
(frO
m(f
rom
devi
a-of
van
-pe
r-cu
rve
mea
ns)
me-
tion
atio
nsi
on3
tV1)
C
1913
=dia.ns)
100
1913=100
1891
99.3
87.8
99.2
90.0
.0563
2.83
8.8
.0610 3.9947
.0814
.9947
1.8065
.0261
9.7439 IV
1892
94.5
83.0
95.8
86.2
.0487
2.47
7.6
.7541 6.0188—.2363 3.0188 3.7752
.1862
6.7779 IV
1893
99.5
82.5
98.8
85.2
.0529
2.65
8.3
.7248 5.6271
.2484 2.6271 3.0798
.2154
7.6023 IV
1894
90.0
74.2
90.9
77.4
.0500
2.56
7.8
.162q 4.5092—. 1206 1.5092 2.5295
.0517
7.9373 IV
1895
98.1
72.8
98.0
75.9
.0580
2.91
9.0
.1065 6.1970
.0703 3.1970 6.0746
.0152
5.0280 IV
1896
96.0
69.9
98.5
74.7
.0624
3.15
9.8
.9602 6.4365—.2644 3.4565 4.0324
.2320
6.6902 IV
1897
99.8
69.7
99.9
74.6
.0666
3.33
10.4
.0834 8.3909—.0507 5.390910.3315
.0077
4.16
32IV
1898 104.3
72.7 102.5
76.5
.0504
2.50
7.8
.2809 4.1813
.1862
1.1813 1.5198
.1501
11.4503 IV
1899
108.5
78.9 105.4
80.6
.0663
3.25
10.3
2.2704
6.26
28.8029 3.2628—.2856—9.3488—62.8684 I
1900 108.4
85.5 107.5
86.6
.0524
2.58
8.2
.0186 4.3841
.0393
1.3841 2.7125
.0053
7.4444
IV1901
98.8
84.5
98.7
85.5
.0542
2.72
8.5
.5391 4.4468
.2734
1.4468
.3622
13.6699 IV
1902
104.2
88.1 103.2
88.2
.0559
2.77
8.7
.1338 6.0266
.0812 3.0266 5.6518
.0203
5.1942 IV
1903
100.2
88.3 101.4
89.5
.0493
2.46
7.7
.4939 4.4075—.2584 1.4075 1.3332
.3147
13.1122 IV
1904
99.2
87.5
99.9
89.4
.0550
2.76
8.6
.1643 5.4252—.0996 2.4252 4.3575
.0316
5.8670 IV
1905
101.9
89.2 101.4
90.5
.0435
2.17
6.8
1.1441 10.5852
.1960 7.5852 11.7382
.1156
4.3147 IV
1906 105.4
94.1
105.5
95.6
.0465
2.30
7.3
.4073 5.8378—. 1589 2.8378 4.4536
.0807
5.9688 IV
1907
105.5
99.3 104.6
99.9
.0470
2.32
7.4
.0281 10.0195
.0266 7.0795 14.0748
.0021
3.8586 IV
iThe
num
bers
of
iric
e qu
otat
ions
for
the
ditle
rent
yea
rs w
ere
as f
ollo
ws:
1891
-190
2:19
519
20-1
922:
391
1902-1913:
205
1923
-192
4:39
019
13-1
917:
391
1925
:38
719
18-1
919:
389
1926
:38
5
2A11
the
mea
sure
s in
this
tabl
e ha
ve b
een
com
pute
d fr
om th
e lo
gari
thm
s of
rel
ativ
e pr
ices
.T
he a
vera
ges
and
the
inde
xes
of d
ispe
rsio
n gi
ven
•in
the
tabl
e ar
eth
e an
ti-lo
gari
thm
s of
the
corr
espo
ndui
g lo
gari
thm
ic m
easu
res.
The
sta
ndar
d de
viat
ions
and
the
coef
fici
ents
of
vari
atio
n ar
e gi
ven
as d
eriv
ed d
irec
tly f
rom
the
loga
rith
ms.
The
cri
teri
a of
cur
ve ty
pe r
elat
e to
the
loga
rith
mic
dis
trib
utio
ns.
3See
pag
e 25
7 fo
r an
exp
lana
tion
of th
e in
dex
of d
ispe
rsio
n.
TA
BL
E X
XV
(C
ont.)
ItC.'i 00
(1)
Year
(2)
Mean
(3)
Chain
inde
x(f
rom
mea
ns)
1913
=10
0
(4)
Me-
than
(5)
Chain
inde
x(f
rom
me-
dian
s)19
13=
100
(6)
Stand-
ard
devi
a-tio
n
(7)
(8)
Coef-
Inde
xfi
cien
tof
dis
-.of
van-
per-
atio
nsi
on3
(9)
(10)
(11)
Skew-
ness
(12)
Kur-
tosi
s
(13)
iCi
(14)
(15)
r
(16)
Pear-
soni
ancu
rve
type
1908
93.0
1909 102.6
1910 103.9
1911
97.7
1912 103.8
1913 100.1
1914
99.2
1915 105.4
1916 124.7
1917 135.4
1918 114.8
1919 104.2
1920 111.0
1921
65.2
1922
97.5
1923 107.0
1924
98.5
1925
104.
31926
95.7
92.4
94.8
98.5
96.2
99.9
100.0
99.2
104.5
130.2
176.3
202.
5211.0
234.3
152.8
149.0
159.4
157.0
163.2
156.8
95.1
101.3
102.0
98.1
102.9
100.9
99.6
101.6
120.0
134.9
117.2
106.6
110.3
67.9
95.0
106.9
98.9
102.7
97.1
95.0
96.2
98.1
96.2
99.0
100.0
99.6
101.2
121.4
163.8
192.
0204.8
225.7
153.2
145.5
155.5
153.7
157.8
153.2
.0586
.0458
.0470
.0598
.0479
.0516
.0525
.0961
.0884
.0881
.0888
.1060
.1005
.1167
.0791
.0612
.0563
.0577
.049
6
2.98
2.28
2.33
3.01
2.37
2.58
2.63
4.75
4.22
4.13
4.31.
5.25
4.91
6.43
3.98
3.02
2.82
2.86
2.51
9,1
7.2
7.4
9.3
7.4
8.0
8.2
15.0
13.8
13.8
13.9
16.6
15.7
18.3
12.4
9.6
8.7
9.0
7.7
.1308 3.9465—.1263
.9465 1.5006
.0683
11.2580 IV
18119 8.8948
.3254 5.8948 6.3538
.334
55.7441 IV
.0644 6.2217
.0539 3.2217 6.2501
.0089
4.9509 IV
.7588 8.4300—.1741 5.4300 8.5837
.0918
4.6632 IV
.5280 5.7521
.1916 2.7521 3.9203
.1204
6.4650 IV
.9818 6.7611 —.2557 3.7611 4.5769
.2120
6.2654 IV
.934410.4054—.1731 7.405412.0077
.0901
4.2328 IV
9.720924.8536
.762521.853614.5445
1.8452
5.8301 VI
2.0440 7.4567
.4666 4.4567 2.7815
.8477
9.5187 IV
.7337
7.1119
.1954 4.1119 6.0227
.1186
5.3579 IV
.4165 5.3597—.1763 2.3597 3.4700
.1039
6.8183 IV
.7416 8.3444—.1728 5.3444 8.4640
.090
54.6806 IV
.0174 4.0003
.0424 1.0003 1.9483
.0069
9.1858 IV
.2850 3.3213—.2861
.3213—.2124—-1.0782—-57.5194 I
.4846 4.2973
.2651
1.2973 1.1409
.3593
14.7917 IV
.0000 5.0080
.0016 2.0080 4.0159
.0000
5.9881 IV
1.241611.8912—.1929 8.8912 14.0577
.1117
4.1186 IV
2.1814 9.8818
.3482 6.8818 7.2194
.3800
5.5687 IV
.2903 7.8217—.1028 4.8217 8.7725
.0318
4.4672 IV
TA
BL
E X
XV
I
ME
ASU
RE
S D
ESC
RIP
TIV
E O
F FR
EQ
UE
NC
Y D
IST
RIB
UT
ION
S O
F W
EIG
HT
ED
LIN
K R
EL
AT
IVE
S O
F C
OM
-M
OD
ITY
PR
ICE
S A
T W
HO
LE
SAL
E, I
N T
HE
UN
ITE
D S
TA
TE
S, 1
891-
1926
'
(Geo
met
ric
and
Log
arith
mic
Mea
sure
s)2
(6)
Stan
d-ar
dde
via-
.tio
n
(7)
Coe
f-.
fici
ent
of v
ari-
atio
n
(9)
(8)
Inde
xof
clis
-pe
r-
(10)
(11)
Skew
-ne
ss
(12)
Kur
-to
sis
(13) 1(1
(1)
Yea
r
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
(14)
1C2
(2)
Mea
n
100.
093
.810
1.8
89.8
101.
395
.310
0.6
102.
610
7.1
108.
599
.210
7.3
100.
899
.610
0.6
103.
610
6.4
96.0
(3)
Cha
inin
dex
(fro
mm
eans
)19
13=
100
79.5
74.6
75.9
68.1
69. 1
65.8
66.2
67.9
72. 7
78.9
78.3
83.9
84.7
84.3
84.7
87.8
93.5
89.7
(15) r
Me-
dian
100.
794
. 110
1.1
89.5
101.
097
,410
0.8
101.
910
5.9
105.
799
.210
6.2
102.
210
1.0
100.
510
3.4
106.
297
.8
(5)
Cha
inin
dex
(fro
mm
e-di
ans)
1913
=10
0
81.4
76.6
77.5
69.3
70.1
68.2
68.8
70. 1
74.2
78.4
77.8
82.6
84.5
85.3
85. 7
88.6
94.1
92.0
(16)
Pear
-so
nian
curv
ety
pe
.067
6.0
467
.053
0.0
510
.062
7.0
627
.062
1.0
497
.067
1.0
539
0510
.054
9.0
590
• 06
57.0
470
.049
3.0
363
.055
5
3.38
2.37
2.64
2.61
3.13
3.17
3.10
2.47
3.30
2.65
2 .5
52.
702.
953.
292.
352.
451.
792.
80
10.6 7.3
8.3
7.9
9.8
9.8
9.7
7.7
10.5
8.4
7.9
8.6
9.2
10.2 7.4
7.7
.5.7
8.7
.056
618
54.6
744
.433
41.
022
9.9
83 1
.363
4.0
011
1. 2
351
.476
9.3
115
.015
218
08.2
298
1. 4
629
.233
6.0
001
.481
1
2.68
954.
713
75.
0324
4 .4
586
5.89
386.
3465
5.75
923.
5917
6. 2
151
3.39
123.
9584
5.09
092.
777
14.
0615
9. 7
878
3.04
487.
5383
4.92
06
—. 1
648
—.1
234
.272
2.2
296
.313
8—
.275
3—
.14
99.0
121
.349
2.4
33 1
.217
6.0
305
—.3
231
—.1
705
.248
2.3
029
.001
8—
.216
0
z -4
—. 7
908
2.87
122.
0415
1. 6
172
2. 7
188
3.74
364.
4281
1. 1
802
2. 7
250
-.64
82.9
822
4. 1
362
—.9
882
1. 4
337
9.18
70—
.611
29.
076
32.
397
9
—.3
105
1. 7
137
2.03
241.
458
62
.893
83.
3465
2. 7
592
.591
73.
2151
.391
2.9
384
2.09
09—
.222
91.
061
56.
787
804
484.
5383
1.92
06
—.0
547—
12.3
886
.052
37.
3731
.294
39.
8691
.225
411
.224
3.3
628
8.54
25.2
556
6.99
34.0
717
5.95
62.0
007
13.1
706
.454
88.
7635
—.6
192—
17.7
202
.257
716
.168
7.0
030
5.91
22—
.144
5 —
9.69
24.1
284
11.8
511
.187
34.
7839
—.3
041—
17.7
801
.000
014,
3221
.172
58.
6063
I IV IV IV IV Iv Iv IV IV I IV J\T I IV Iv I Iv Iv
1See
foo
tnot
e to
Tab
le X
XV
con
cern
ing
the
num
ber
of p
rice
quo
tatio
ns.
2A11
the
mea
sure
s in
this
tabl
e ha
ve b
een
com
pute
d fr
om th
e lo
gari
thm
s of
rel
ativ
e pr
ices
.T
he a
vera
ges
and
the
inde
xes
of d
ispe
rsio
n gi
ven
in th
e ta
ble
are
the
anti-
loga
rith
ms
of th
e co
rres
pond
ing
loga
rith
mic
mea
sure
s.T
he s
tand
ard
devi
atio
ns a
nd th
e co
effi
cien
ts o
f va
riat
ion
are
give
n as
der
ived
dir
ectly
fro
m th
elo
gari
thm
s. T
he c
rite
ria
of c
urve
type
rel
ate
to th
e lo
gari
thm
ic d
istr
ibut
ions
.SS
ee p
age
257
for
an e
xpla
natio
n of
the
inde
x of
dis
pers
ion.
XX
VI
(Con
t.)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
Yea
r M
ean
Cha
inM
e-C
hain
Stan
d-C
oef-
Inde
xSk
ew-
Icur
-r
Pear
-in
dex
dian
inde
xar
dfi
cien
tof
dis
-ne
ssto
sis
soni
an(f
rom
(fro
mde
via-
of v
ari-
per-
curv
em
eans
)m
e-tio
nat
ion
sion
3ty
pe19
13=
dian
s)10
019
13=
100
1909
106.
195
.210
4.0
95.7
.048
72.
407.
61.3456 6.0588
.3974
3.05
88 2
.080
8.6
568
10.7
070
IV19
10 1
02.9
97.9
101
.897
.3.0
507
2.52
7.9
.030
0 4.
8460
.045
11.
8460
3.6
02!
.006
46.
3563
IV
1911
94.5
92.6
95.3
92.8
.036
02.
838.
7.3
4401
0.49
29—
.095
6 7.
4929
13.9
538
.027
43.
9339
IV
1912
106
.898
.910
6.8
99.1
.046
72.
307.
3.1
084
3.67
00.1
262
.670
0 1.
0148
.082
815
.145
1 IV
1913
101.
110
0.0
100.
910
0.0
.053
92.
698.
4.0
026
5.98
96.0
110
2.98
96 5
.971
2.0
004
5.01
10 I
V19
1497
.997
.999
.799
.7.0
473
2.38
7.4
.406
0 5.
4619
—. 1
698
2.46
19 3
.705
8.0
951
6.56
68 I
V19
1510
1_i
98.9
99.2
98.9
.067
63.
3710
.63.
7787
20.2
149
.325
1 17
.214
923.
0936
.317
14.
0105
IV
1916
125
.812
4.5
120.
811
9.5
.087
64.
1713
.71.
7425
5.90
61.5
834
2.90
61.5
847
3.21
2232
.464
1 V
I19
17138.6
172.6 139.2
166.3
.0792
3.70
12.4
.0306 3.7486—.0617
.7486 1.4035
.0166
11.6032 IV
1918 111.7
192.8 115.3
191.7
.0911
4.45
14.2
.3488
4.36
88—
.202
11.3688 1.6914
.1704
10.7134 IV
1919 106.8
205.9 107.4
205.9
.0763
3.76
11.9
.2233 8.1564—.0866 5.1564 9.6431
.0225
4.3139 IV
1920 110.2
226.9 109.5
225.5
.1004
4.92
15.7
.0124
3.3982
.0450
.3982
.7591
.0124
18.8577 IV
1921
65.4
148.4
66.2
149.3
.1170
6.45
18.3
.0478 2.6504—.1558—.3496—.8425— .0433—11.4137 i
1922 101.0
149.9
98.6
147.2
.0753
3.76
11.7
.5303 4.1460
.3044
1,1460
.7010
.6441
22.3876 IV
1923 105.0
157.4
104.9
154.4
.0704
3.48
11.0
.0009 3.1044
.0137
.1044
.2063
.0031
61.18.97 IV
1924
97.4
153.3
98.8
152.5
.0530
2.66
8.3
.0031 6.7662—.O110 3.7662
7.32
29.0004
4.5964
IV1925 105.8
162.3
104.2
158.9
.0737
3.64
11.5
1.94
40 9
.091
9.3
400
6.09
19 6
.351
8.3
664
5.80
74IV
1926
94.3
153.4
97.1
154.3
.0574
2.91
8.9
.6834 4.6292—.3139 1,6292
1.2082
.4998
14.6286 IV
TA
BL
E X
XV
II
DE
SCR
IPT
IVE
OF
FRE
QU
EN
CY
Dis
ith
iFIXED
BA
SEO
FPR
ICE
S A
l WH
0TiN
STA
!rE
S,19
03—
1926
'(A
rith
met
ic M
easu
res)
1891
=10
0—
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
Yea
rM
ean
Median
Stan
d-.67
45o
Skewness Kurtosis
rPear-
ard
devi
a--
Msonian
tion
curve
xlOO
type
1903
104.0
100.9
26.22
17.0
2.5011
9.9038
.399
9—
6.90
386.
3043
.514
36.
0936
IV —
1904
102.6
100.3
25.10
16.5
1.8897
9.6145
.3126
6.6145
7.55
99.3033
5.3372
IV
1905
104.6
103.2
26.16
16.9
.8634
6.6540
.2349
3.6540
4.7178
.1775
6.0926
IV
1906
110.3
107.3
29.76
18.2
1.7475
7.5671
.3806
4.5671
3.8917
.5009
7.4306
IV
1907
117.0
114.8
33.91
19.5
1.8942
8.4826
.3584
5.4826
5.2826
.4184
6.3473
IV
u19
08108.5
105.6
29.60
18.4
2.2482
9.6893
.3665
6.6893
6.6340
.4261
5.8255
IV1909
112.0
109.2
32.10
19.3
1.0455
6.31
06.2924
3.3106
3.4847
.294
17.3437
IV
1910
117.3
111.0
39.81
22.9
3.1718
10.0987
.5192
7.0987
4.6820
.9410
7.5953
IV
1911
115.4
109.1
42.49
24.8
12.1065
26.3044
1.0220
23.3044
10.2893
3.6663
7.69
61Vii
1912
120.1
113.6
44.10
24.8
9.8374
21.5830
.9664
18.5830
7.6538
.3.4175
8.4237
Vii
ri
1913
119.8
114.1
44.08
24.8
4.2904
11.0411
.7106
8.0411
3.2110
2.1045
10.7
456
VI
1914
119.2
112.4
24.0
3.6061
10.2384
.6115
7.2384
3.6585
1.4331
9.2371
VI
1915
124.1
118.6
46.75
25.4
3.3221
10.8788
.4968
7.87
885.7913
.8234
6.7930
IV
1916
155.5
143.9
64.31
27.9
5.1349
13.2176
.6992
10.2176
5.0305
1.79
148.4477
VI
1917
216.0
200.2
109.63
34.2
29.2321
53.2613
1.8567
50.2613
12.8263
14.3879
10.7728
Vii
1918
253.2
238.4
120.24
32.0
11.6566
27.0493
.911
024.0493
13.1288
2.7370
6.5776
Vii
1919
258.7
244.5
110.16
28.7
4.6364
14.1
600
.543
711.1600
8.4108
.9497
6.0805
IV
1920
295.3
252.5
132.74
30.3
3.1561
9.3541
.5826
6.3541
3.2399
1.3299
9.6262
VI
1921
193.4
177.6
83.95
29.3
1.0920
4.389!
.6039
1.3891
—.4978 —2.0968 —27.6870
I1922
192.1
183.1
77.08
27.1
.8661
4.2300
.4838
1.2300
—.1383 —5.1143——102.5553
I1923
202.2
190.5
83.14
27.7
.8765
3.9137
.6095
.9137
—.8021 —1.0025 —15.2390
I1924
200.3
189.1
80.59
27.1
1.1941
5.0759
.478
82.0759
.569
52.0445
30.3
614
VI
1925
209.2
193.3
89.82
28.9
3.8446
11.1334
.5871
8.1334
4.7330
1.2292
7.9723
VI
-19
26201.5
185.1
94.26
31.5
5.6250
14.3688.
.7079
11.3688
5.8626
1.7823
7.9253
VI
1See
Tab
le X
IX f
or m
easu
res
desc
ript
ive
of th
ese
dist
ribu
tions
for
the
peri
od 1
892-
1902
.
