Agricultural pricesWallace, Henry A. (Henry Agard)
Science
Agricultural prices
Wallace, Henry A. (Henry Agard)
Agriculture -- Statistics; Farm produce; Prices
Since the chapter, “Limitations of the Mathematical Method,” was
written, it has been discovered that hog receipts at eleven markets
are a more accurate indicator of hog prices than receipts at Chicago,
and that prices of Connelsville coke are a better indicator of the
demand for hogs than bank clearings outside New York City. The
multiple coefficient of correlation between hog prices on the one hand
and Chicago hog receipts and bank clearings outside New York City on
the other hand is .65, whereas between hog prices and hog receipts at
eleven markets and coke prices the multiple coefficient of correlation
is .70.
Footnote 10:
This is the average as given in the Drovers’ Journal Year Books. It
evidently is a weighted average based on varying receipts.
Footnote 11:
This is a simple average and not strictly comparable with the Chicago
averages, which are weighted on the basis of varying receipts.
Footnote 12:
Interpolated from Kansas City market, on account of foot-and-mouth
disease closing Chicago market.
Footnote 13:
Omaha prices, 1903 to 1907, inclusive; Chicago prices after 1907.
Footnote 14:
Prices for both wheat and corn are taken from the Year Books of the
Rosario Board of Trade. Rosario is the Chicago of Argentina. The
Argentine unit of weight, the quintal, is taken as equivalent to 3.67
bushels of wheat and 3.936 bushels of corn. The Argentine dollar is
taken as equivalent to 42.6 cents. After July of 1918, prices are
taken from the International Institute of Agriculture.
Footnote 15:
Flour exports converted into wheat at the rate of four and one-half
bushels of wheat to a barrel.
Footnote 16:
These figures, previous to 1917, were taken from charts furnished by
Dr. L. D. H. Weld, of Swift Company. Since 1917, the source has been
the Daily Trade Bulletin of Howard Bartels. The top price for the
month is used in every case.
Footnote 17:
These figures, previous to 1917, were taken from charts furnished by
Dr. L. D. H. Weld, of Swift Company. Since 1917, the source has been
the Daily Trade Bulletin of Howard Bartels. The top price for the
month is used in every case.
Footnote 18:
The Milwaukee prices were compiled by Professor F. A. Pearson, of the
University of Illinois, from the reports of the Western Feed Bureau.
Footnote 19:
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account