bls_0973_1950.pdf

Wholesale Prices, 1948

Including Index Numbers

of 900 Different Commodities

Bulletin No. 973

UNITED STATES DEPARTMENT OF LABOR M aurice J . To b in , Secretary

BUREAU OF LABOR STATISTICSEwan Clague, Commissioner

For sale by the Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C. Price 30 cents

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Letter of Transmittal

U nited States D epartment of Labor,B ureau of Labor Statistics,

Washington, D. C., March 27, 1950

The Secretary of Labor:I have the honor to transmit herewith a report on primary market prices

during the year 1948. This bulletin presents a record of each of the primary market price indexes published in 1948. The data shown in this bulletin were first released in mimeographed reports giving preliminary information. Current data in these series are available on request. A summary of primary market price movements in 1948 was published in the February 1949 issue of the Monthly Labor Review.

This bulletin was prepared in the Branch of General Price Research and Indexes in the Prices and Cost of Living Division. The tables showing price data were prepared in the Statistical Services Section under the direction of Barbara M. Frye.

E wan Clague, Commissioner.

Hon. Maurice J. T obin,Secretary oj Labor.

n


ContentsPage

Description and use of primary market price data______________________________ 1The wholesale price index__________________________________________________ 1

Index numbers by groups of commodities, monthly and weekly__________________ 1New weekly index of wholesale prices_________;________________________________ 5

Development of the new weekly index commodity sample____________________ 5Nature of the new index___________________________________________________ 7

Special primary market price indexes__________________________________________ 7Daily index of spot market prices___________________________________________ 7

Primary market prices, index numbers, and relative importance of individual commodities__________________________________________________________________ 11

Appendix A: Revision of the agricultural machinery and equipment subgroup____ 52Appendix B: Revised wholesale price indexes for livestock and meats____________ 53

TablesTable 1. Index numbers of primary market prices by group and subgroup of com

modities, 1948____________________________________________________ 2Table 2. Annual index numbers of primary market prices, by group and subgroup

of commodities, 1929, 1939, 1941, and 1943-48______________________ 3Table 3. Weekly index numbers of commodity prices in primary markets, by group

of commodities, 1948______________________________________________ 4Table 4. New weekly index numbers of commodity prices in primary markets, by

group of commodities, 1948________________________________________ 6Table 5. Daily indexes of spot market prices of 28 commodities, 1948____________ 8Table 6. Primary market prices, index numbers, and relative importance of indi

vidual commodities, 1948__________________________________________ 12Table 7. Revised index numbers of wholesale prices of agricultural machinery and

equipment, 1946-47_______________________________________________ 52Table 8. Revised index numbers of primary market prices of livestock; quarterly,

1939-45; monthly, 1946-48________________________________________ 53Table 9. Revised index numbers of primary market prices of meats; quarterly,

1939-45; monthly, January 1946-December 1948_____________________ 54h i


Wholesale Prices, 1948Description and Use of Primary Market Price Data

The wholesale price data of the Bureau of Labor Statistics for the most part represent prices at primary market levelsthat is, at the levels of the first commercial transaction for each commodity. Most of the quotations are the selling prices of manufacturers or producers, or prices on organized exchanges, and are not prices charged by wholesalers to retailers. Prices are for commoditiestangible goods (including gas and electricity). Prices of services, real estate, transportation, and securities are not included. The word wholesale used in connection with this index refers to sales in large lots.

Wherever feasible, prices are obtained f. o. b. point of production or sale, unless an industry normally sells on another basis; e. g., delivered. For farm products, some foods, and certain industrial raw materials, prices are those quoted in organized commodity markets. For most fabricated goods, prices are obtained directly from sellers. For other commodities which have recognized markets, quotations are taken from trade journals which are accepted by the trade as authoritative sources of prices.

The price series maintained by the Bureau of Labor Statistics are defined in terms of specifications which include a detailed description of the commodity at stated terms of trade and to a specific type of purchaser. Most of the series represent 1 quotation from 1 seller, since for many articles prices of major producers tend to move together. For some commodities, however, quotations from as many as 50 sellers are averaged to

give a representative price.The primary market price data collected by the

Bureau are used in making a number of price indexes, of which the most important is the wholesale price index. This index is based on prices of slightly less than 900 major commodities combined into 49 subgroups, 10 major groups, and 5 economic groups. All types of commodities, from raw materials to finished industrial and consumer goods, are represented. Indexes are published monthly for all groups and subgroups but weekly only for the 10 major groups and 5 economic groups. Because of differences in methods of calculation during earlier periods, the monthly and weekly indexes are not directly comparable as to level.1 The weekly index, however, serves as an indicator of the direction and magnitude of current price changes.

The Wholesale Price Index

The wholesale price index is calculated as a fixed-base weighted aggregate using prices in 1926 as 100. Most of the quantity weighting factors for the index are based on market sales during the years 1929 and 1931. The exceptions are: Agricultural commoditiesthe average of sales in the years 1929, 1930, and 1931; tires and tubesthe number of tires and tubes shipped for replacement use in the year 1946; and motor vehicles1941 new car registrations.

i See p. 2 for description of a new weekly index of wholesale prices introduced in November 1948.

Index Numbers by Groups of Commodities, Monthly and Weekly

Monthly index numbers by group and subgroup of commodities for 1948 are shown in table 1 and annual index numbers by group and subgroup for selected years are shown in table 2. Weekly index

numbers of primary market prices by commodity group and by economic group are presented in tables 3 and 4.

The commodities included in the economic1


2 WHOLESALE PRICES, 1948T a b l e 1.Index numbers of primary market prices, by group and subgroup of commodities,

Group and subgroup Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Year

All commodities _ ... , , . 165.9 161.0 161.6 163.0 164.2 166.4 168.8 169.8 168.9 165.4 164.0 162.4 165.1Farm products____________________________________ 199.2 185.3 186.0 186.7 189.1 196.0 195.2 191.5 189.9 183.5 180.8 177.3 188.3

Grains 256.3 220.0 218.0 217.9 213.5 209.2 190.6 179.2 176.9 170.4 171.1 171.1 199. 2Livestock and poultry 1__________________________ 232.9 210.0 209.4 204.4 219.0 239.2 250.8 250.0 244.2 223.4 213.4 204.6 225.1

Livestock 1________________________________ _ 250.9 225.5 224.1 219.7 236.1 259.5 272.8 273.3 268.8 246.9 234.1 221.7 244.3Other farm products____________________________ 162.4 159.9 162.2 166.4 163.3 165.4 161.9 158.7 159.6 162.0 162.6 161.4 162.1

Foods _ ___ _ 179.8 172.4 173.8 176.7 177.4 181.4 188.3 189.8 186.9 178.2 174.3 170.2 179.1Dairy products------------------------------------------------ 183.9 184.8 179.8 181.0 176.6 181.3 182.9 185.1 179.9 174.9 170.7 171.2 179.3Cereal products________________________________ 170.1 160.2 158.6 158.0 156.3 155.1 154.5 154.0 153.3 149.6 150.5 150.0 155.8Fruits and vegetables___________________________ 140.7 144. 5 145.7 148.6 147.0 147.7 151.2 140.5 139.4 137.1 139.6 139.8 143.4Meats, poultry, and fish 1________________________ 222.3 206.2 217.1 226.0 233.2 241. 3 263.8 273.7 266.5 239.8 227.4 220.8 236.5

Meats 1__________________________________ _ 248.0 230.7 240.6 251.5 262.3 265.1 277.2 279.6 277. 4 255.0 240.0 230.8 254.9Other foods_______________ _____________________ 155.0 146.6 144.5 144.4 144.1 148.0 148.4 148.2 149.1 150.4 149.4 140.9 147.6

Hides and leather products_______________ __________ 200.9 193.3 186.3 187.0 188.4 187.7 189.2 188.4 187.4 185.5 186.2 185.3 188.8Shoes_________________________________________ 194.3 194.7 193.8 191.7 185.6 185.8 186.3 189.4 190.0 189.7 188.1 188.0 189.7Hides and skins______________ ______________ 238.9 207.2 186.2 199.3 218.0 215.2 220.3 212.1 210.5 202.0 206.0 197.2 209.8Leather_______________ __ _________________ 209.4 199.6 185.9 183.6 188.2 186.9 189.2 186.0 181.9 180.4 183.8 186.5 188.2Other leather products__________________________ 148.8 148.8 151.4 150.9 150.9 150.9 149.9 148.6 148.6 148.6 148.6 148.6 149.5

Textile products___________________________________ 149. 4 150.0 151.1 151.7 152.1 151.4 150.8 150.4 149.3 148.3 147.4 146.7 149.8Clothing______________________________________ 144.1 145.6 146.2 147.3 147.4 146.8 148.2 148.7 148.6 148.8 149.1 148.8 147.5Cotton goods___________________:______________ 214.8 214.9 218.3 219.2 217.8 213.1 209.3 205.3 199.8 195.0 191.2 189.2 207.1Hosiery and underwear__________________________ 104.4 105.0 105.4 105.4 105.4 105.4 104.7 104.7 104.5 104.3 104.0 103.7 104.7Bayon and nylon_______________________________ 40.7 40.7 40.7 40.7 40.7 40.7 40.7 41.6 41.8 41.8 41.8 41.8 41.2Silk___________________________________________ 46.4 46.4 46.4 46.4 46.4 46.4 46.4 46.4 46.4 46.4 46.4 46.4 46.4Woolen and worsted goods___ ___________________ _ 147.3 148.4 151.2 153.9 156.4 156.4 156.4 158.4 158.9 159.6 159.6 159.6 155.6Other textile products------------------------------------------ 181.2 180.2 174.7 170.0 174.2 183.1 184.5 186.6 189.3 190.5 190.5 190.0 182.9

Fuel and lighting materials--------- __ __ _____ __ 130.0 130.9 130.9 131.5 132.6 133.1 135.9 136.4 136.9 137.3 137.6 137.2 134.2Anthracite_____________________________________ 124.2 124.5 124.6 124.6 125.5 127.1 131.6 136.0 136.5 136.4 136.4 136.4 130.9Bituminous coal--------------------- ---------------- -------- 177.0 177.9 177.9 178.9 181.8 182.7 193.1 194.6 195.1 195.1 195.1 195.4 187.0Coke__________________________________________ 190.6 190.6 190.6 197.5 205.4 206.6 212.3 217.4 217.5 218.7 219.0 219.0 207.1Electricity_____________________________________ 66.4 66.6 65.7 66.1 65.4 65.7 66.4 65.5 66.3 66.5 67.3 67.7 66.3Gas___________________________________________ 84.5 85.8 88.7 89.1 89.3 90.7 90.4 86.9 90.7 90.9 92.6 91.1 89.2Petroleum and products--------------------------------------- 120.7 121.7 121.8 121.8 122.1 122.1 122.1 122.1 122.2 122.8 122.8 122.0 122.1

Metals and metal products__________________________ 154.3 155.3 155.9 157.2 157.1 158.6 162.2 171.0 172.0 172.4 173.3 173.8 163.6Agricultural machinery and equipment 2. _ 128.5 128.9 129.3 129.7 130.4 132.2 134.1 135. 5 140.5 142.5 143.6 144.0 134.9

Farm machinery 2__ ________________________ 129.9 130.4 130.8 131.3 132.1 134.1 136.3 137.6 142.7 144.9 146.1 146.5 136.9Iron and steel___ ________________________________ 144.6 146.3 147.6 149.5 148.9 149.5 153.2 163.2 164.0 164.5 165.0 165.4 155.1Motor vehicles__________________________________ 161.6 161.6 161.6 161.6 161.7 163.9 168.2 174.1 175.0 175.3 175.3 175.7 168.0

Passenger cars______________________________ 169.0 169.0 169.0 169.0 169.0 171.0 175.0 181.9 182.9 183.2 183.2 183.3 175.5Trucks_____________________________________ 129.2 129.2 129.2 129.2 129.7 132.1 137.3 139. 7 140.2 140.3 140.3 142.0 134.9

Nonferrous metals______________________________ 145.5 146.8 146.8 149.8 150.0 152.1 153.7 165.9 166.4 167.0 171.4 172.5 157.5Plumbing and heating___________________________ 138.8 138.7 138.9 138.9 143.5 145.5 145.5 153.9 157.0 157.3 157.3 157.3 147.8

Building materials______ __ __ ________ __________ 194.1 193.5 193.9 195.7 197.0 197.4 200.0 203.8 204.1 203.7 203.1 202.2 199.1Brick and tile__________________________________ 152.2 152.3 152.6 153.1 153.3 153.8 158.5 159.2 159.5 160.1 160.4 160.5 156.3Cement______________________________________ 126.5 127.2 127.4 127.5 128.4 128.8 132.1 133.0 133. 2 133.6 133.6 133.4 130.4Lumber ____________ _ _____________________ 309.6 306.1 306.1 311.5 315.2 315.5 318.5 319.9 317.4 315.4 311.2 305.9 313.0Paint and paint materials________________________ 163.7 160.1 157.2 158.4 158.3 158.6 157.7 158.4 160.0 160.1 161.4 161.2 159. 6

Prepared paint_____________________________ 143.1 143.1 143.1 143.1 143.1 142.9 142.9 142.9 142.9 142.9 142.9 142.9 143.0Paint materials--------------------------------------------- 189.4 181.8 175.7 178.2 178.0 178.8 176.8 178.3 181.7 182.0 184.6 184.3 180.7Plumbing and heating. _!_________________________ 138.8 138.7 138.9 138.9 143.5 145.5 145.5 153.9 157.0 157.3 157.3 157.3 147.8Structural steel_________________________________ 143.0 149.4 155.8 155.8 153. 3 153.3 159.6 178.8 178.8 178.8 178.8 178.8 163.7

Other building materials_________________________ 157.9 159.8 161.8 162.2 163.1 163.4 167.1 173.4 174.8 174.8 175.6 176.9 167.6Chemicals and allied products________________ _______ 139.9 135.7 137.2 137.5 136.3 137.2 135.7 133.2 134.5 135.5 134.4 131.1 135.7

Chemicals ___ ________________________ ______ 125.8 126.6 126.9 127.2 126.9 127.2 128.8 127.2 127.0 128.5 125.8 123.4 126.7Drugs and pharmaceutical materials_______________ 154.5 154.4 154.5 153.8 153.4 153.8 153.7 153.4 152.7 152.7 152.0 151. 5 153.4Fertilizer materials______________________________ 115.7 115.1 114.9 115.2 115.0 113.9 115.0 114.9 116.2 117.2 119.5 120.1 116.1Mixed fertilizers______ ________________________ 102.4 102.8 103.1 103.1 103.2 103.2 104.4 105.9 107.8 107.9 107.9 108.3 105.0Oils and fats_____________________ _____ ______ 245.3 209.3 219.7 220.7 213.8 219.8 199.7 185.1 193.6 194.5 195.1 179.4 206.5Housefurnishing goods__________ _____ _ ____ _____ 141.3 141.8 142.0 142.3 142.6 143.2 144.5 145.4 146.6 147.5 148.2 148.4 144.5Furnishings________ ___________________ __ ____ 143.8 144.4 144.7 145.2 145.8 146.7 148.6 149.3 151.5 152.5 153.6 153.6 148.3Furniture _ _ _ _ _ _ 139.1 139.4 139.4 139.6 139.6 139.9 140.4 141.6 141.6 142.5 142.8 143.1 140.8Miscellaneous___ _ _ ._ _ ______ 123.6 120.1 120.8 121.8 121.5 121.5 120.3 119.7 119.9 119.0 119.2 118.5 120.5Tires and tubes.. ____ _________ ________ _ 63.4 63.4 63.4 63.4 63.5 63.5 66.2 66.2 66.2 66.2 66.2 66.2 64.8Cattle feed ..._________________________________ 336.0 262.0 284.2 296.9 291.1 292.4 239.6 198.4 201. 7 195.4 217.9 217.1 253.6Paper and pulp________________________ ______

Paperboard____________________ ____ ____168.1 167.4 167.3 167.5 167.4 167.3 166.8 169.0 170.9 170.2 169.9 169.5 168.5173.5 175.0 174.7 175.6 175.1 174.6 172.2 169.7 165.6 164.0 162.2 161.7 170.3Paper_________________________________ ____ 152.7 150.9 150.9 150.9 150.9 150.9 150.9 154.7 158.4 158.4 158.4 158.4 153.9Wood pulp______________________________ _ 236.0 238.9 238.9 238.9 238.9 238.9 238.9 238.9 238.9 236.0 236.0 233.6 237.8Rubber, crude______ ___________________________ 44.7 42.7 42.3 46.7 47.6 47.1 49.6 48.1 46.4 45.0 40.4 38.9 44.9Other miscellaneous_________________ __________ 130.7 130.8 130.2 130.2 129.7 129.8 130.0 132.2 132.1 131.1 130.5 129.5 130.6Soap____ _ . . 176.4 172.6 167.0 165.9 160.1 159.6 159.8 158.6 158.2 157.2 157.0 153.7 162.1

Raw materials_____________________________________ 183.9 174.9 174.7 175. 5 177.6 182.6 184.3 182.3 181.0 177.0 175.2 172.2 178.4Semimanufactured articles___________________________ 157.9 156.3 154.1 155.4 155.4 156.1 157.5 161.2 160.4 160.0 161.0 160.8 158.0Manufactured products _______________________ 158.0 154.7 156.0 157.7 158.6 159.7 162.7 164.6 164.0 160.3 158.8 157.6 159.4All commodities other than farm products_____________ 158.4 155.5 156.0 157.6 158.5 159.7 162.8 164.7 164.1 161.2 160.1 158.9 159.8All commodities other than farm products and foods_____ 148.6 147.9 148.1 149.0 149.5 149.9 151.4 153.3 153.6 153.4 153.6 153.1 151.0

1 Unrevised series through September 1948, revised series October 2 Revised subgroup indexes shown for all months presented in this table,through December 1948. See appendix B for description of the livestock and meats revision.


IN D EXE S OF COMMODITY GROUPS 3

T able 2. Annual index numbers of 'primary market prices, by group and subgroup of commodities, 1929, 1939, 1941, and1943-48[1926= 100]

Group and subgroup 1948 1947 1946 1945 1944 1943 1941 1939 1929

All commodities ,______________________ ____________ 165.1 152.1 121.1 105.8 104.0 103.1 87.3 77.1 95.3

Farm products________________________________________ 188.3 181.2 148.9 128.2 123.3 122.6 82.4 65.3 104.9Grains_______________ ____________ ___________ 199.2 210.8 155.6 129.7 126.9 116.3 76.9 58.6 97.4Livestock and poultry1_____________________________ ' 225.1 210.4 155.6 132.5 124.6 128.7 91.6 72.2 106.1Other farm products___________________ _________ 162.1 154.6 142.0 124.3 120.7 119.8 77.8 62.6 106.6

Foods---- ------------- ------ ----------------------------------------- 179.1 168.7 130.7 106.2 104.9 106.6 82.7 70.4 99.9Dairy products------------------------- ------------------------- 179.3 161.0 145.8 111.1 110.5 111.1 87.3 69.5 105.6Cereal products------------------------------------------------------ 155.8 155.8 114.5 95.2 94.8 93.7 80.7 74.8 88.0Fruits and vegetables_______________________________ 143.4 136.8 129.9 122.8 121.3 121.3 67.5 62.0 97.8Meats, poultry, and fish3____________________________ r 254.9 213.2 145.9 107.8 106.1 110.3 90.4 77.2 109.1Other foods_______________________________________ 147.6 148.1 111.9 96.6 95.0 97.3 78.9 64.1 93.9

Hides and leather products____________ _______________ 188.8 182.4 137.2 118.1 116.7 117.5 108.3 95.6 109.1Shoes---------------- ------- -------------------------------------- 189.7 177.4 141.7 126.4 126.3 126.4 113.5 102.6 106.3Hides and skins___________________________________ 209.8 209.8 147.4 117.0 109.9 114.7 108.4 84.6 112.7Leather__________________________________________ 188.2 190.9 128.6 102.2 101.3 101.3 97.9 87.5 113.2Other leather products------------------ ---------- ---------------- 149.5 139.3 117.0 115.2 115.2 115.2 104.7 97.1 106.4

Textile products____ -------------------- ------- ------ ------- 149.8 141.7 116.3 100.1 98.4 97.4 84.8 69.7 90.4Clnt.hiug _ _____ ____________ 147.5 135.6 119.3 107.4 107.1 107.0 92.6 82.0 90.0Cotton goods______________________________________ 207.1 200.6 150.5 121.4 115.7 112.7 94.2 67.2 98.8Hosiery and underwear_____________________________ 104.7 100.6 82.1 71.7 70.9 70.8 63.1 61.4 88.5Rillr 46.4 73.3

4 WHOLESALE PRICES, 1948

T able 3. Weekly index numbers of commodity prices in primary markets, by group of commodities, 1948[1926= 100]

Week ending Saturday

Farmproducts

FoodsHidesand

leatherTextileproducts

Fueland

lighting

Metalsand

metalproducts

Building materials

Chemicals and

allied products

House-furnish

inggoods

Miscellaneous

All commodi

ties less farm and food

All com

modities less

farm products

Rawma

terials

Semi-manu

facturedarticles

Manufactured

products

Allcommodities

Jan.3___________ 199.2 181.3 202.2 147.5 128.5 152.0 189.4 135.0 135.3 121.8 146.4 156.6 184.5 157.9 156.6 164.4Jan.10__________ 197.0 182.1 200.3 145.8 130.0 152.8 189.7 139.0 136. 7 122.1 146.9 157.3 182.9 158.4 157.3 164.5Jan.17__________ 201.5 181.2 201.4 145.7 130.0 153.2 191.1 140.8 136.9 123.0 147.4 157.5 186.0 157.1 157.6 165.5Jan. 24__________ 199.2 177.4 201.5 145.5 130.4 153.9 191.3 139.3 137.2 123.6 147.6 156.7 184.8 156.5 156.5 164.4Jan. 31__________ 195.1 176.5 201.2 145.8 131.2 154.1 191.3 139.3 137.5 123.9 148.0 156.8 182.3 157.3 156.5 163.7Feb. 7___________ 195.5 177.9 198.0 147.0 131.4 154.2 192.1 134.3 137.7 122.6 147.8 156.7 182.3 156.6 156.7 163.8Feb. 14__________ 180.9 173.3 196.2 146.7 131.6 154.8 192.0 134.0 137.7 120.2 147.5 154.9 173.4 155.6 154.5 159.7Feb. 21__________ 181. 7 170.3 193.3 146.9 131.6 155.5 191.9 134.9 143.6 119.1 147.5 154.1 173.6 155.9 153.5 159.2Feb. 28__________ 182.8 170.5 188.5 146.2 131.7 155.6 192.1 135.3 143.7 119.0 147.3 153.9 173.9 154.8 153.5 159.2Mar. 6___________ 187.1 172.2 187.9 145.9 131.7 155.7 192.1 136.6 143.6 119.4 147.3 154.4 176.5 154.1 154.3 160.4Mar. 13__________ 184.9 171.2 187.1 145.9 131.7 155.9 192.5 136.5 143.7 119.5 147.3 154.2 174.9 153.7 154.3 159.8Mar. 20__________ 187.6 176.4 185.9 145. 6 131.7 156.0 192.6 135.8 144.3 119.9 147.3 155.7 176.5 153.3 156.3 161.5Mar. 27__________ 186.2 174.8 186.2 145.2 131.7 156.0 192.5 135.1 144.3 120.8 147.4 155.5 175.9 152.9 155.9 161.1Apr. 3___________ 183.9 172.4 186.0 145.1 131.7 156.6 193.2 135.5 144.3 121.0 147.7 154.8 174.8 152.9 154.9 160.1Apr. 10__________ 183.1 174.5 186.2 145.5 131.8 157.1 193.4 136.8 144.7 120.7 147.9 155.6 174.1 153.6 156.0 160.6Apr. 17___ ______ 189.2 178.8 187.2 145.9 131.9 157.1 194.9 136.8 144.7 121.5 148.3 157.1 178.0 153.6 157. 8 162.9Apr. 24___ ______ 188.9 180.4 187.1 148.2 132.6 157.2 195.3 136.5 144.4 122.2 149.0 158.0 177.8 153.7 158.9 163.6May 1 - __ 186.9 177.5 188.0 148.1 132.6 157.2 195.2 133.7 144.4 121.3 148.7 157.2 176.8 153.7 157.9 162.6May 8___________ 184.0 174.8 188.2 148.2 133.0 156.8 195.9 133.4 144.6 121.3 148.9 156.9 175.1 153.3 157.6 161.9May 15__________ 187.9 178.9 189.0 148.1 133.4 156.5 195.9 134.4 144.7 121.2 149.0 158.0 177.7 152.5 159.0 163.5May 22________ 189.2 177.2 188.6 148.6 133. 7 156.6 196.6 135.6 144.7 121.4 149.2 157.8 178.6 152.5 158.7 163.5May 29__________ 193.0 178.0 187.6 149.5 133.8 156. 6 196.9 134.8 144.7 121.0 149.3 158.1 180.8 152.6 159.1 164.4June 5____ ______ 192.4 178.0 187.0 149.2 133.8 156.8 196.6 135.2 145.1 121.0 149.3 158.0 180.9 153.0 158.6 164.2June 12__________ 193.5 180.1 186.7 148.8 133.8 157.1 196.9 137.1 145.1 120.9 149.3 158.5 181.6 153.0 159.3 164.9June 19___ ______ 194.5 180.7 187.7 148.5 134.0 157.6 197.2 136.0 145.1 121.1 149.5 158.8 182.7 153.6 159.5 165.3June 26____ ______ 198.4 183.0 188.6 149.1 134.0 158.8 197.4 135.5 145.0 121.2 149.9 159.7 185.2 153.9 160.5 166.7July 3____ ____ 197.2 184.1 188.3 148.1 134.1 159.4 197.6 135.5 145.0 121.1 149.8 159.9 184.3 154.0 160.9 166.7July 10__________ 196.1 185.3 188.1 148.1 134.7 159.4 197.5 134.5 145.8 120.3 149.9 160.3 184.2 154.0 161.1 166.8July 17____ _____ 198.1 191.2 189.1 148.0 135.8 160.9 197.9 134.5 145.9 119.4 150.4 162.4 186.4 154.7 163.4 168.9July 24____ ______ 194.6 190.4 189.5 148.1 136.5 160.9 198.0 132.9 145.9 119.2 150.6 162.3 184.6 154.5 163.1 168. 2July 31__------------- 192.2 187.7 189. 6 148.3 136.8 167.3 200.7 133.1 146. 0 118.6 152.1 162.9 183.4 152.9 164.1 168.3Aug. 7---------------- 193.6 190.0 188. 5 148.1 136.9 169.2 201.6 132.0 146.4 118.2 152.4 163.8 184.3 158.8 164.3 169.2Aug. 14__________ 190.4 190.3 188.3 147.8 137.3 170.9 202.0 131.6 146.8 118.3 152.9 164.2 182.5 159.7 164.7 169.0Aug. 21__________ 191.0 189.5 189.6 148.0 137.3 171.5 202.0 131.7 146.8 118.7 153.1 164.3 182.8 159.3 164.9 169.2Aug. 28__________ 189.3 187.8 189.9 147.7 137.4 171.7 202.3 132.2 146.8 118.4 153.2 163.8 181.7 159.0 164.2 168.4Sept. 4---------------- 187.8 184.0 189.2 147.5 137.6 172.0 203.2 132.1 146.9 118.5 153.3 162.8 180.7 158.7 163.0 167. 4Sept. 11__________ 188.1 185.9 188.8 147.5 137.6 172.0 203.1 133.2 147.7 119.9 153.6 163.4 180.9 158.6 163.9 168.0Sept. 18__________ 190.1 189.9 188. 2 147.2 137.7 171.5 203.2 132.5 147.8 120.3 153.5 164.6 182.0 158.6 165. 8 169.2Sept. 25__________ 190.8 187.8 187.9 146.7 137.8 171.8 202.9 133.5 147.8 119.3 153.3 163.8 182.4 158.3 164.4 168.7Oct. 2._ __ __ 186.4 183.9 187.9 146.5 138.2 171.8 203.1 133.6 147.9 119.1 153.4 162.8 179.7 158.5 163.1 167.1Oct. 9___________ 181.5 178.0 187.8 146.9 138.3 171.9 202.7 133.5 148.5 118.4 153.3 160.8 176.7 158.3 160.5 164. 6Oct. 16__________ 182.2 178.0 187.6 146.8 138.1 172.5 203.6 134.4 148.6 118.7 153.5 160.9 177.2 158.3 160.6 164.8Oct. 23__________ 183.8 178.8 186.0 146.2 138.1 172.6 203.7 133.2 148.9 118.6 153.4 161.1 178.2 158.1 160.9 165.3Oct. 30__________ 180.7 174.8 187.4 145.7 138.0 172.7 203.5 134.3 149.2 119.0 153.4 160.0 176.2 158.2 159.4 163.8Nov. 6..................... 178.9 171.6 185.7 145.7 138.0 173.0 203.6 135.0 149.3 118.5 153.4 159.0 175.1 158.7 158.1 162. 7Nov. 13__________ 179.5 170.4 186.5 145.7 138.2 173.1 203.3 132.7 149.9 119.2 153.5 158.8 175.4 158.8 157.8 162.6


NEW WEEKLY INDEX OF WHOLESALE PRICES 5

groups Raw materials, Semimanufactured articles, and Manufactured products are:

Raw Materials. All farm products, bananas, cocoa beans, coffee, pepper, hides and skins, rayon staple, raw silk, hemp, jute, sisal, coal, crude petroleum, iron ore, scrap steel, gravel, sand, crushed stone, crude sulfur, phosphate rock, nitrate of soda, tankage, copra, crude rubber.

Semimanufactured Articles. Oleo oil, raw sugar, vegetable oil, leather, print cloth, tire fabric, cotton yarn, rayon yarn, silk yarn, worsted yarn,

artificial leather, jute yarn, bar iron, steel bars, steel billets, malleable castings, pig iron, wire rods, skelp, steel strips, aluminum, antimony, ingot copper, pig lead, nickel, quicksilver, brass rods, copper rods, silver, pig tin, pig zinc, barytes, butyl acetate, carbon black, iron oxide black, Prussian blue, chrome green, chrome yellow, ethyl acetate, copal gum, china wood oil, linseed oil, rosin, turpentine, whiting, plaster, tar, coal tar, camphor, fish scrap, oils, inedible tallow, wood pulp, paraffin wax.

Manufactured Products. All other commodities.

New Weekly Index of Wholesale Prices 2

The Bureau of Labor Statistics issued a new weekly wholesale price index in November 1948, in place of the weekly index which had been issued since 1932. The new index was designed as a weekly counterpart of the monthly comprehensive index and is directly comparable with that series. I t is not comparable, however, with the old weekly comprehensive index, and it is not to be considered as a continuation of the latter series. The new weekly index is based upon a sample of approximately one-sixth of the commodities in the monthly comprehensive index.

The advantages of the new weekly index over the discontinued index are:

1. I t is a better indicator of week-to-week changes in primary market prices because of the exclusive use of prices actually prevailing in each week for every commodity included in the sample drawn from the nearly 900 commodities included in the comprehensive index.

2. There will not be the discrepancy that has existed between the levels of the comprehensive weekly and monthly indexes.

3. Its smaller coverage requires less computation work and makes possible the issuance of preliminary indexes for each current week within 3 days after the close of the weekly period covered.

4. Data used in its computation provide an estimate of the level of the monthly index about 2 weeks before the comprehensive index for that month becomes available.3

2 For a detailed description of the weekly index see Monthly Labor Keview, pp. 290-98, for September 1948.

86431050----- 2

Development of the New Weekly Index Commodity Sample

One approach toward the development of a more satisfactory weekly wholesale price index, considered by the Bureau as early as 1939, was based on the use of a sample of the commodities included in the comprehensive wholesale price index.

Considerable exploratory work in the selection of such a sample from the complete list of commodities in the comprehensive wholesale price index was conducted by the Bureau in the late 1930s. About 100 commodities were selected at that time, after extensive experimentation which involved the testing of the movements of various combinations of commodities against the movements of the comprehensive monthly wholesale price index. These experiments were conducted for major groups as well as for the index as a whole. In general, most of the commodities selected from each group were the heavily weighted commodities, but some commodities with smaller weights were also selected when their inclusion improved the results. The continuation of this exploratory work was interrupted during the period from 1940 to 1946.

3 Since the new weekly index is based on a sample of the commodities in the comprehensive sample, results are not so authoritative as if the full coverage of the comprehensive index had been used. The Bureau, therefore, recommends that businesses and other organizations with contracts under which payments are adjusted in accordance with movements of the Bureaus wholesale price index should use the monthly comprehensive wholesale price index for this purpose, and not the new weekly series nor the monthly estimates based on data used in this weekly index.



T able 4. New weekly index numbers of commodity prices in primary markets, by group of commodities, 1948[1926= 100]

Week ending Tuesday All commoditiesFarm prod

ucts Foods

All commodities less farm products and food

Buildingmaterials Chemicals Textiles

Fuel and lighting

Metals and metal prod

ucts

Jan. 6_ - _____ 165.6 198.5 182.0 147.8 193.7 136.5 149.2 129.3 153.8Jan. 13_ _ _ __ 167.1 202.9 181.8 148.7 195.2 140.2 149.6 130.0 154.3Jan. 20_ _ ___ _ __ 166.3 199.9 179.5 149.0 195.2 142.3 149.1 130.1 154.3Jan. 27. _______ 164.7 195.6 176.1 148.9 192.3 140.6 149.6 130.8 154.6Feb. 3___ __ __ ____________ 164.6 195.5 177.0 148.7 192.7 140.1 150.3 130.8 154.8Feb. 10_______________________ 160.7 180.6 174.0 147.9 193.5 134.0 150.1 130.8 155.0Feb. 17___ __________ ____ 159.6 181.9 169.6 147.7 194.2 133.7 150.2 130.8 155.6Feb. 24___ _ _____ _____ 159.3 183.2 168.9 147.4 193.4 134.9 149.4 130.8 155.6Mar. 2________________________ 160.6 188.1 170.8 147.5 193.4 136.0 149.4 130.9 155.7Mar. 9 160.9 185.1 171.8 148.1 193.7 138.0 151.7 130.9 155.9Mar. 16_______________________ 161.7 187.7 173.0 148.1 193.7 137.9 151.5 130.9 155.9Mar. 23________________________ 162.7 185.6 177.5 148.3 194.0 136.5 151.6 130.9 155.9Mar. 30_______________________ 162.0 183.7 176.1 148.4 194.6 137.5 151.2 130.9 155.9Apr. 6___ ___________________ 160.8 182.5 172.0 148.4 194.0 136.8 151.6 130.8 156.5Apr. 13__ __________________ 163.0 188.8 175.7 148.8 194.4 137.5 151.4 131.2 157.4Apr. 20___ _______________ 164.6 189.2 181.1 149.6 197.1 137. 7 151.9 132.0 157.4Apr. 27___ __ ___________ 163.6 186.3 178.2 149.4 197.1 137.8 151.9 132.0 157.4May 4_________________________ 163.2 184.6 176.2 149.5 197.6 135.5 152.3 132.2 157.0May 11________________________ 164.0 189.2 177.4 149.4 196.2 135.8 152.1 132.4 157.0May 18________________________ 164.5 189.8 177.8 149.5 196.6 136.5 151.9 132.8 157.2May 25__ ____ _________ 165.0 192.8 178.1 149.5 197.7 137.7 151.9 132.9 157.2J u n e l... ____________________ 165.0 191.9 177.9 149. 7 197.5 136.5 152.9 132.9 157.6June8.__ __ ___________ 165.7 193.9 180.1 149.6 197.2 136.8 151. 5 133.1 157.8June 15_______________________ 166.3 195.3 181.2 149.8 197.3 138.6 151.2 133.2 157.8June 22_______________________ 167.5 200.5 182.8 150.2 197.6 137.3 151.2 133.2 159.8June 29 ... ___________________ 167.6 198.6 184.8 150.1 197.5 136.7 150.1 133.2 160.0July 6__ ________________ 167.4 196.2 184.6 150.3 197.9 137.0 150.4 133.5 160.9July 13--- ----------------------------- 169.4 198.1 189.4 151.2 199.8 136.1 151.0 136.1 160.5July 20________________________ 169.2 194.0 191.0 151.3 200.1 135.8 150.9 136.6 160.2July 27_ __ _______________ 169.4 192.3 188.2 152.9 202.2 134.0 150.8 137.3 167.3

3 ________________________ 169.3 193.4 187.0 152.9 202.6 134.2 150.7 136.6 169.3Aug. 10. - ____________________ 169.9 191.6 191.6 153.0 203.3 133.2 150.0 136.2 169.7Aug. 17___________________ ____ 170.3 193.0 191.1 153.4 203.7 132.6 150.6 136.2 171. 6Aug. 24______________________ 170.0 191.1 190.6 153.7 204.8 132.8 150.6 136.2 172.1Aug. 31-. __________________ 169.3 188.6 188.8 153.7 204.8 133.2 150.4 136.6 172.1Sept. 7________________________ 168.2 188.8 184.4 153.7 204.4 133.6 150.1 136.9 171.6Sept. 14_ ____________________ 169.6 191.6 188.0 153.8 204.1 134.7 149.2 136.8 172.1Sept. 21_______________________ 169.8 191.6 190.0 153.4 204.1 133.8 149.2 136.8 172.1Sept. 28 168.1 187.6 185.3 153.5 203.9 135.7 148.8 137.2 172.1Oct. 5__" - I I I IZ II I I I II I II II I II I II I 166.1 181.5 181.4 153.5 204.0 136.1 148.6 137.3 172.3Oct. 12__ __ ________________ 165.0 184.0 176.7 153.4 203.8 135.8 148.4 137.3 172.1Oct. 19________________________ 165.8 186.0 178.1 153.5 203.5 135.7 148.4 137.3 172.6Oct. 26________________________ 164.8 182.6 176.7 153.4 203.5 134.6 147.9 137.3 172.7Nov. 2________________________ 164.0 181.2 173.7 153.4 203.3 135.4 147.7 137.6 172.8Nov. 9________________________ 164.3 181.6 174.2 153.6 202.9 135.8 147.5 137.6 172.9Nov. 16 __ _________________ 164.0 179.3 175.4 153.6 203.2 133.5 147.4 137.6 173.6Nov. 23_______________________ 164.2 180.8 174.7 153.6 203.1 133.6 147.1 137.6 173.7Nov. 3 0 __ _________________ 163.9 180.8 173.6 153.5 203.1 133.6 147.1 137.5 173.7Dec. 7----- ----------- -------------- 163.1 177.8 171.2 153.3 202.8 132.8 146.7 137.4 173.7Dec. 14___ ____ ____ 162.6 175.7 169.1 153.9 202.3 131.8 146.9 137.3 173.6Dec. 21____ ____ ____ _________ 162.0 177.5 170.4 152.7 202.2 130.5 146.8 137.0 174.0Dec. 28___ ________________ 162.0 178.0 170.3 152.4 201.3 129.5 146.5 137.0 174.0


PRIMARY MARKET PRICES AND INDEXES 7

After the end of World War II, experimental work was resumed. The 100-commodity list selected for this purpose before the war was reexamined, and certain additions and deletions were found necessary to take account of changes in the coverage of the monthly comprehensive index. As a result of these further adjustments, the 115-commodity sample was developed.4 This sample was designed to provide a highly reliable indicator of average weekly price changes for All commodities and All commodities other than farm products and foods, and reasonably reliable indicators for six major groups.

The commodity sample has been made as nearly as possible the counterpart of the monthly comprehensive index, both in its price behavior and in its weighting system. A close correspondence may be expected, therefore, between the monthly percentage changes in average prices based on the commodity sample and on the monthly comprehensive index.

4 In October 1949, the sample was expanded somewhat and the number of major groups for which indexes are shown was increased from 6 to 7; the seventh group (Chemicals and allied products) indexes were also extended back to January 1948.

Nature of the New IndexThe new weekly index is timed to be issued every

Friday, covering the 7-day period ended the preceding Tuesday. The Tuesday dating is considered desirable, since the majority of the quotations used are reported as of Monday or Tuesday. The old weekly comprehensive index had been issued on Thursday, covering the week ended the preceding Saturday.

Only current prices, reported weekly, are used in the new weekly index. Excellent cooperation has been received from the companies from which weekly price reports are needed (in place of their monthly or quarterly reports) to compute the weekly index on a current basis. Since the number of quotations involved in this new index is relatively small, it is possible to follow up (if necessary) to obtain current prices in time for inclusion in the current weekly index.

The weekly historical series presented in table 4, was computed by relating the weekly aggregates for the commodity sample to their corresponding monthly comprehensive indexes. The adjusted weekly indexes falling within each calendar month will average the same as the comprehensive index for that month.

Special Primary Market Price Indexes

Daily Index of Spot Market Prices

An index based on spot market prices of 28 commodities is computed daily and is available each weekday, except Saturday, at 6 p. m. by telephone or by collect telegram. A weekly summary of these indexes and the actual commodity prices is issued each Friday. These daily indexes for the year 1948 are shown in table 5. A list of commodities included and the method used in calculating the index are given on pages 16 and 17 of

Wholesale Prices, 1946 (Bulletin No. 920).5Special indexes of primary market prices of

soap, paper and pulp, and paint and paint materials are computed monthly. These index numbers, from 1926 through 1946, together with a description of each index, were presented in Wholesale Prices, 1946 (Bulletin No. 920). Comparable data for the year 1948 are presented in table 6 (pp. 48 and 36).

5 Tallow listed as a component of the Foodstuffs group was deleted from the group index, but not from the All commodities index in 1947.



T able 5. Daily indexes of spot market prices of 28 commodities, 1948 [August 1939=100. S = Sunday; H =H oliday. Figures in parentheses indicate number of items in commodity group]

DateGeneralindexes

(28)

Import and domestic commodities Domes

tic agricultural

(7)

Foodstuffs and industrial commodities

Imports

(11)

Domestic

(17)

Foodstuffs

(11)

Raw industrial

(16)

Jan. 1______ H H H H H HJan. 2______ 349.1 298.5 386.2 417.5 450.1 286.7Jan. 3______ 348.6 298.5 385.4 415.8 448.6 286.7Jan. 4______ S S S S S SJan. 5______ 349.8 298.5 387.6 414.0 448.9 286.7Jan. 6______ 349.0 298.0 386.7 415.5 450.0 285.9Jan. 7______ 350.3 297.8 389.2 420.6 452. 5 285.9Jan. 8______ 350.7 297.2 390.3 420.8 452. 5 285. 6Jan. 9 ______ 351.2 296.3 391.9 421.7 453. 2 285.3Jan. 10_____ 351.5 296.6 392.4 421.9 453.8 285.5

Jan. 11_____ S S S S S SJan. 12_____ 352. 5 295.1 395. 5 426.0 453.8 285. 6Jan. 1 3 _____ 352.8 295.9 395. 3 424.0 454.5 285.7Jan. 14_____ 352.0 295.3 394.5 423. 6 455.2 285.0Jan. 15_____ 351. 6 295.3 393.6 424.3 453.7 285.0Jan. 16_____ 351.8 295.3 394.0 423.4 453. 5 286.1Jan. 17_____ 351.2 295.3 392.9 422.1 451.2 286.2Jan. 18_____ S S S S S SJan. 1 9 _____ 349.7 295.7 389.8 421.0 448.9 285.8Jan. 20_____ 349.0 296.3 388.0 419.9 447.8 286.0

Jan. 21_____ 350.2 297.0 389.7 416.7 447.7 287.8Jan. 2 2 _____ 351.0 297.0 391.1 418.3 448.1 288.0Jan. 23_____ 350.0 296.8 389.5 415.7 445. 5 287.7Jan. 24_____ 349.7 297.0 388.7 415.5 444.0 287.9Jan. 25_____ S S S S S SJan. 26_____ 347.5 296.1 385. 5 411.8 438.4 287.3Jan. 27_____ 347.4 295.1 386.1 411.5 438.4 287.0Jan. 28_____ 349.1 296.9 387.6 413.1 441.2 288. 3Jan. 29_____ 349.6 296.2 389.1 412.5 443.3 288.0Jan. 3 0 _____ 347.7 297.2 384.9 408.7 440.6 287.8Jan. 31_____ 347.5 297.2 384.5 408.9 439.9 287.8

Feb. 1______ S S S S S SFeb. 2______ 346.4 297.2 382.5 407.4 436.5 287.7Feb. 3______ 345.7 298.4 380.3 405.2 434.4 288.1Feb. 4______ 341.4 296.2 374.3 398.0 423.2 286.9Feb. 5______ 332.7 290.6 363.2 390.8 410.6 282.2Feb. 6______ 329.6 289.8 358.2 382.2 404.2 281.6Feb. 7______ 329.5 289.8 358.1 376.3 403.5 281.7Feb. 8 . .......... S S S S S SFeb. 9______ 328.1 289.3 356.0 369.4 399.3 281.8Feb. 10_____ 323.6 287.4 349.5 358.2 389.3 279.8

Feb. 11.......... 321.0 285.3 346.5 353.6 384.9 279.0Feb. 12_____ H H H H H HFeb. 13_____ 319.3 282.7 345. 5 353.1 383.4 277.4Feb. 14_____ 319.8 282.7 346.4 353.5 384.3 277.7Feb. 15_____ S S S S S SFeb. 16_____ 322.8 283.6 351.1 362.5 393.1 278.0Feb. 17_____ 322.9 281.7 352.8 360.6 391.8 276.9Feb. 18_____ 322.3 281.9 351. 5 362.4 392.4 275.6Feb. 19 ......... 320.9 283.0 348.2 362.2 390.0 275.2

Feb. 20_____ 320.2 283.3 346.5 363. 2 389.5 274.7Feb. 21_____ 320.6 283.3 347.3 365.6 390.9 274.7Feb. 22........... S S S S S SFeb. 23_____ H H H H H HFeb. 24_____ 319.7 283.5 345.6 363.9 390.1 274.7Feb. 25_____ 319.8 282.5 346.6 366.6 392.5 273.7Feb. 26_____ 318.9 279.0 347.6 367.5 391.1 272.0Feb. 27_____ 318.0 278.7 346.3 366.2 389.1 271.7Feb. 28_____ 318.6 278.7 347.4 367.7 390.8 271.7Feb. 29.......... S S S S S S

Mar. 1______ 322.2 279.7 353.2 375.9 398.0 272.7Mar. 2______ 322.2 279.7 353.1 376.8 398.2 272.5Mar. 3.......... 321.0 279.1 351.3 375.2 397.2 270.7Mar. 4______ 321.6 278.5 353.0 377.5 399.2 270.7Mar. 5 . ........ . 321.8 278.6 353. 3 380.0 400.6 270.2Mar. 6______ 321.4 278.6 352.6 378.3 399.5 270.2Mar. 7______ S S S S S SMar. 8______ 317.3 276.6 346.8 367.8 390.4 268.6Mar. 9______ 316.6 275.6 346.4 366.7 390.3 268.2Mar. 10_____ 316.4 274.4 347.0 368.9 391.1 267.5

Mar. 11........... 315.1 274.3 344.7 366.9 388.1 267.6Mar. 12_____ 315.5 274.0 345.7 367.0 388.5 267.6Mar. 13_____ 316.4 274.0 347.3 372.6 390.8 267.8Mar. 14_____ S S S S S SMar. 15_____ 317.5 274.0 349.3 375.0 393.5 268.2Mar. 16_____ 318.1 273.8 350.4 376.9 396.1 267.8

1 No Saturday index during summer.

DateGeneralindexes

(28)


tic agricultural

(7)


Imports

(ID

Domestic

(17)

Food-stufiEs

(ID

Raw industrial

(16)

Mar. 17____ 317.9 273.6 350.4 374.7 396.6 267.6Mar. 18......... 317.6 273.5 349.8 373.1 395.6 267.3Mar. 19____ 316.0 274.6 346.1 369.1 391.6 267.3Mar. 20_____ 315.3 274.6 344.8 366.4 389.7 267.2Mar. 21_____ S S S S S SMar. 22____ 316.8 275.3 346.8 372.5 393.7 267.8Mar. 23____ 316.8 277.1 345.4 368.0 391.5 269.1Mar. 24____ 316. 5 275. 6 346.1 368.8 392.3 268.8Mar. 25____ 315. 9 274.9 345.7 366.5 391.5 268.4Mar. 26_____ H H H H H HMar. 27_____ 316.8 274.9 347.1 368.9 394.1 268.4Mar. 28_____ S S S S S SMar. 29____ 317.8 275.7 348.4 370.1 396.4 268.8Mar. 30____ 317.9 275.6 348.6 368.2 396.8 268.8Mar. 31_____ 317.1 276.0 347.0 365.3 392.9 269.2

Apr. 1_____ 318.7 275. 5 350. 2 368.6 397.0 269.5Apr. 2_____ 317.5 275.5 347.9 365.2 392.7 269.6Apr. 3_____ 317.9 275.5 348.8 366.2 394.2 269.6Apr. 4_____ S S S S S SApr. 5_____ 319.6 274.9 352. 4 365. 7 394.3 272.1Apr. 6_____ 320.8 275.4 354.1 368.6 396.9 272.1Apr. 7____ 321.8 275.8 355. 6 371.7 400.9 272.0Apr. 8_____ 322.6 275. 7 357. 2 373.2 402.0 272.5Apr. 9____ 320.6 272.6 356.1 373. 9 399.7 270.6Apr. 10____ 321.3 272.6 357. 3 375.8 401.5 270.7Apr. 11_____ S S S S S SApr. 12_____ 321.8 272.6 358. 3 377.9 401.5 271.5Apr. 13_____ 322.4 272.3 359. 5 379.4 403.2 271.5Apr. 14____ 322.7 272. 5 360.0 379.3 403.8 271.7Apr. 15____ 323.4 272.8 360.9 380.2 406.9 271.7Apr. 16____ 322.0 272.3 358.9 376.7 403.5 271.3Apr. 17____ 322.5 272.3 359.7 377.0 404.5 271.5Apr. 18____ S S S S S SApr. 19___ 321.6 272.3 358.2 373.7 401.5 271.7Apr. 20____ 322.3 272.1 359.6 377.2 403.2 272.1Apr. 21____ 323.5 272.1 361.8 379.8 406.8 272.2Apr. 22____ 321.5 271.1 359.0 375.0 401.7 271.8Apr. 23____ 319.0 270.6 354.8 370.5 395.3 271.6Apr. 24____ 318.8 270.6 354.5 370.3 394.8 271.7Apr. 25____ S S S S S SApr. 26......... 316.8 269.8 351. 5 369.0 392.0 271.2Apr. 27......... 317.8 272.0 351.5 368.1 392.4 272.8Apr. 28____ 319.2 273.8 352.4 370.8 394.6 273.8Apr. 29____ 317. 8 273.4 350.3 372.0 392.2 274.0Apr. 30____ 318.9 274.5 351.4 371. 6 394.5 274.5May 1______ 318.6 274.3 350.9 370.0 393.6 274.4May 2______ S S S S S SMay 3 319.0 275.4 350. 8 369.7 397.3 274.6May 4___ 319.8 276.0 351.8 373.3 401.8 274.9May 5 319.7 276.3 351.3 371.9 400.8 274.5May 6 ____ 320.1 275.7 352.5 373.9 402.4 274.4May 7 _____ 319.6 274.5 352.7 375.7 401.9 274.0May 8______ 319.3 274.7 351.9 373.7 400.2 274.2May 9______ S S S S S SMay 10_____ 321.3 274.2 356.0 378.3 403.2 274.6

May 11____ 319.9 273.8 353.7 374.2 400.1 274.5May 12_____ 322.1 276.4 355.6 378.9 402.8 276.6May 13 ___ 322.0 276.4 355.6 380.1 403.8 276.1May 14____ 321.2 277.0 353.5 380.2 398.1 276.3May 15 ___ 321.0 277.0 353.1 379.4 397.1 276.4May 1 6 ___ S S S S S SMay 17 ___ 322.1 277.5 354.7 383.9 400.5 276.5May 18_____ 324.1 277.5 358.4 386.8 404.5 276.5May 19 ___ 324.9 277.6 359.7 385.7 407.4 276.3May 20____ 324.4 277.5 358.9 389.3 409.1 275.9May 21 ___ 323.7 277.8 357.4 392.2 409.8 275.8May 22_____ 323.5 277.8 356.9 390.9 409.0 275.8May 23_____ S S S S S SMay 24 ___ 323.0 277.8 356.1 390.8 409.7 274.7May 25_____ 322.4 277.5 355.2 390.4 409.5 273.9May 26_____ 322.5 278.0 355.0 394.8 412.7 273.9May 27____ 324.0 279.2 356.6 392.8 413.5 275.2May 28____ 325.0 279.9 358.1 394.2 415.6 275.7May 29_____ 0) 0) 0) 0) 0) 0)May 30_____ S S S S S SMay 31_____ H H H H H H



T able 5.Daily indexes of spot market prices of 28 commodities, 1948 Continued

DateGeneralindexes

(28)


tic agricultural

(7)


Imports

(11)

Domestic

(17)

Foodstuffs

(ID

Raw industrial

(16)

June 1......... - 325.5 281.8 357.3 393.1 412.7 277.1June 2_____ 326.7 282.2 359. 2 395.5 416.8 277.0June 3_____ 327.7 283.3 360.0 395.2 419.6 277.2June 4____ 327.9 283.2 360.6 393.9 419.1 276.6June 5_____ 0 (0 0 0 0 0)June 6 .......... S S S S S SJune 7_____ 329.0 284.0 361.7 393.5 420.6 276.8June 8_____ 330.5 283.5 365.0 393.2 420.7 277.4June 9_____ 330.5 283.5 365.0 395.1 423.3 276.2June 10____ 330.3 283.3 364.9 394.4 422.4 275.9

June 11-....... 330.3 283.8 364.4 393.9 421.3 276.4June 12____ 0 (0 0 0 0) 0June 13____ S S S S S SJune 14____ 330.1 284.6 363.3 394.2 422.0 276.2June 15......... 329.8 285.3 362.3 395.2 421.1 276.2June 16____ 331.3 287.4 363.3 397.2 423.7 277.2June 17____ 331.0 286.6 363.4 397.9 423.0 277.2June 18____ 330.4 285.8 363.0 399.6 422.5 277.0June 19____ 0 (0 0) 0 0) 0June 20____ S s S S S SJune 21____ 330.7 286.4 363.0 399.9 423.2 277.1June 22------- 331.0 286.2 363.6 400.9 425.5 276.4June 23____ 330.9 286.3 363.5 398.8 426.6 275.9June 24____ 330.9 286.5 363.2 396.4 426.7 275.8June 25____ 329.8 287.1 360.8 392.2 422.8 276.0June 26____ 0 (0 0) 0 0) 0)June 27____ S s S S S SJune 28......... 329.5 287.4 359.9 389.8 421.2 276.0June 29____ 329.0 287.4 359.1 386.2 419.9 276.1June 30____ 328.8 287.6 358.6 386.0 421.1 275.2

July 1______ 328.1 286.9 358.0 385.6 420.1 274.7July 2______ 328.1 287.5 357.4 383.4 420.1 274.6July 3______ CO (0 0 0 0) 0July 4 _____ S S S S S SJuly 5______ H H H H H HJuly 6______ 327.5 288.5 355.4 380.7 417.6 275.4July 7______ 327.4 288.4 355.4 383.2 417.5 275.4July 8______ 327.3 288.4 355.2 383.4 418.0 275.0July 9 _____ 327.8 289.8 355.0 383.0 418.8 275.3July 10_____ (0 (0 0) 0 0 0July 11-------- S S S S S SJuly 12-------- 328.1 290.5 355.0 384.0 420.0 275.3July 13_____ 328.3 290.4 355.5 383.2 420.4 275.4July 14____ 329.2 292.0 355.7 383.7 420.8 276.5July 15_____ 324.5 291.0 348.1 384.3 407.8 275.5July 16____ 323.7 290.2 347.3 383.5 404.6 275.2July 17_____ (0 (0 0 0 0 0July 18____ S S S S S SJuly 19_____ 323.0 290.9 345.7 382.1 401.7 275.6July 20_____ 322.4 291.1 344.5 380.7 401.5 275.3

July 21-------- 323.1 291.2 345.5 380.9 403.3 275.2July 22_____ 323.8 291.9 346.4 379.6 403.4 276.6July 23------- 324.3 291.7 347.3 379.6 403.8 276.9July 24_____ 0


Table 5.Daily indexes of spot market prices of 28 commodities, 1948 Continued

Date

Nov. 1_____Nov. 2_____Nov. 3_____Nov. 4_____Nov. 5_____Nov. 6_____Nov. 7_____Nov. 8_____Nov. 9_____Nov. 10____

Nov. 11____Nov. 12____Nov. 13____Nov. 14____Nov. 15____Nov. 16____Nov. 17____Nov. 18____Nov. 19____Nov. 20____

Nov. 21____Nov. 22____Nov. 23____Nov. 24____Nov. 25____Nov. 26____Nov. 27____Nov. 28____Nov. 29____Nov. 30____

Generalindexes

(28)


tic agricultural

(7)


DateGeneralindexes

(28)


tic agricultural

(7)


Imports

(11)

Domestic

(17)

Foodstuffs

(11)

Raw industrial

(16)

Imports

(11)

Domestic

(17)

Foodstuffs

( I D

Raw industrial

(16)

305.1 278.4 323.8 317.7 348.9 277.7 Dec. 1 _____ 304.5 274.4 325.7 319.5 344.0 279.4H H H H H H Dec. 2 ________ 304.2 274.8 324.9 319.5 342.9 279.6305.0 277.4 324.4 317.9 350.0 277.0 Dec. 3 _____ 304.2 274.4 325.2 320.9 341.9 280.2306.8 279.1 326.2 320.3 352.8 278.3 Dec. 4 ________ 304.4 274.4 325.5 320.6 342.2 280.2306.7 278.4 326.6 321.3 353.1 278.0 Dec. 5 ________ S S S S S S306. 2 278.4 325.6 320.6 351.5 277.9 Dec. 6 ________ 303.9 273.1 325.6 320.9 341.4 279.9S S S S S S Dec. 7_____ 303.4 272.7 325.1 318.7 340.3 279.7306.6 278.9 325.9 321.3 351.8 278.5 Dec. 8_____ 303.0 272.0 324.9 317.8 338.6 280.1306.6 279.1 325.9 320.9 350.3 278.7 Dec. 9_____ 301.6 270.8 323.3 316.1 335.2 279.7306.0 279.5 324.5 317.5 348.1 278.6 Dec. 10_____ 300.7 269.8 322.5 314.5 333.3 279.3H307.0306.8g

H279.7279.7g

H326.0325.7g

H317.8 317.1g

H348.5347.9g

H280.0279.9

g

Dec. 11____Dec. 12____Dec. 13_____Dec. 14____

299.7S299.4297.7

269.8 S270.7268.9

320.7S319.6318.0

312.7S312.2310.1

330.7S329.8 328.4

279.2S279.6278.7

307.1307.6 307.0306.7306.9306.9

279.7 280.5 280.0280.8280.9280.9

326.2 326. 6325.8 324.7324.9 325.0

316.8318.1317.7 317.3316.1316.7

349.5350.2349.1347.7348.0348.0

279.6280.7280.7 280.9 281.0 281.0

Dec. 15_____Dec. 16_____Dec. 17..........Dec. 18____Dec. 19..........Dec. 20..........

296.4296.3297.2296.8S296.7

266.3267.2268.8268.8S269.5

317.7316.8 317.2 316.5 S315.7

310.2 312. 9 311.5311.4 S311.5

326.9327.8330.0329.1 S329.8

277.3278.1278.4278.2 S278.3

Dec. 21.......... 297.8 269.7 317.6 313.0 332.5 278.2S S S S S S Dec. 22_____ 297.0 269.7 316.1 313. 8 330.8 278.2307.6 280.1 326.7 317.6 350.3 280.9 Dec. 23.......... 296.0 268.8 315.1 312.7 329.1 278.0307.7 281.0 326.4 317.4 350.8 280.8 Dec. 24......... 296.7 269.0 316.2 314.5 331.2 278.0308.0 280. 6 327.1 319.8 352.1 280.6 Dec. 25.......... H H H H H HH H H H H H Dec. 26......... S S S S S S306.4 278.9 325.7 318.4 347.8 280.4 Dec. 27......... 297.0 269.3 316.4 314.4 331.5 278.3306.6 278.9 325.9 319.1 348.1 280.4 Dec. 28_........ 296.5 268.7 316.1 313.3 330.3 278.2S S S S S S Dec. 29......... 296.6 268.7 316.1 314.5 330.4 278. 6305.5 275.6 326.5 320.9 345.9 280.0 Dec. 30.......... 296.2 269.1 315.2 314.0 329.0 278.8304.9 275.1 325. 9 320.8 343.9 280.1 Dec. 31......... 295.6 269.5 313.8 311.3 326.7 279.1



Primary Market Prices, Index Numbers, and Relative Importance ofIndividual Commodities

Table 6 shows monthly and annual average prices, index numbers, and the relative importance for the year 1948 for commodities included in the wholesale price index.

The prices shown are averages of quotations for 1 day each week from one or more sellers of the commodity. Prices are net after the deduction of applicable discounts.

Relative importance for the year 1948 is the value aggregate for each commodity expressed as a percentage of the value aggregate of all commodities in the index in 1948. The relative importance of each commodity in the index changes as the rate of price change varies among commodities, since it is based on the product of the quantity-weighting factor and the current price. In 1948, raw materials had a relative importance of 32.04 percent of all commodities, semimanufactured articles 8.01 percent, and manufactured products 59.95 percent.

Certain commodities are included in more than 1 commodity group. Prices of 23 commodities

are included in both the farm products and foods indexes, and prices of 23 other commodities are included in both the metals and metal products and building materials groups. The duplicated commodities are listed in table 6 under the foods and building materials groups, with reference to where price data are shown. These 46 commodities are counted only once in the all-commodities index. The relative-importance figures shown for the farm products and metals and metal products groups and subgroups include these duplicated commodities. The relative-importance figures for the foods and building materials groups and subgroups do not include the duplicated commodities.

Changes in specifications are indicated by changes in the digit following the decimal in the code number used to designate the commodity. Such changes are treated so that the individual commodity indexes, but not the prices, for the new specification generally are comparable with those for the old specification.


12 WHOLESALE PRICES, 1948T a b l e 6. Primary market prices, index numbers, and relative importance of individual commodities, 1948

Relative

Indexes (1926=100) of primary market prices

Code No. CommodityDescription and terms of sale importance,1948 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Year

All commodities_____________________________ 100.00 165.9 161.0 161.6 163.0 164.2 166.4 168.8 169.8 168.9 165.4 164.0 162.4 165.1

FARM PRODUCTS.................... ....................... .......... 20.46 199.2 185.3 186.0 186.7 189.1 196.0 195.2 191.5 189.9 183.5 180.8 177.3 188.3

Grains___________________ ______________ 3.14 256.3 220.0 218.0 217.9 213.5 209.2 190.6 179.2 176.9 170.4 171.1 171.1 199.21.1 Barley, No. 2 malting, Minneapolis_____________

Corn, No. 3 yellow, Chicago___________________.14 0) 0) 0) 0) 0) 0) 0) (0 0 ) 0) 0) 0) (0

3 .94 358.6 302.5 307.9 308.9 307.4 310.6 282.0 264.5 246.8 207.1 187.1 193.6 272.74.1 Oats, No. 3 white, Minneapolis_________________ .28 327.8 285.7 304.1 298.3 275. 5 262.1 195.0 165.3 166.5 175.6 194.6 192.3 236.55.1 Rye, No. 2, Minneapolis______________________ .04 279.0 245.1 252.9 252.0 242.6 221.4 193.3 157.8 149.6 165.4 173.2 167.4 207.8

7.1Wheat:

No. 2 Hard Winter, Kansas City____________ .58 204.3 175.8 167.3 167.5 165.2 157.1 148.9 146.0 148.4 149.3 154.3 153.9 161.59-1 No. 1 Dark Northern Spring, Minneapolis_____ .56 188.6 163.1 155.7 158.0 155.3 153.4 144.0 138.3 141.1 144.1 147.5 144.4 152.510 No. 1, Hard White, Portland, Oreg___________ .18 214.3 188.1 186.1 185.6 181.8 180.6 173.5 170.2 (2) (2) 170. 5 168.1 (2)11 No. 2, Soft Red Winter, St. Louis___________ .42 200.2 168.6 163.7 162.3 159.0 152.5 146.2 142.7 145.6 146.7 155.4 155.1 157.8

Livestock and poultry _____ _____________ 7. 83 232.9 210.0 209.4 204.4 219.0 239.2 250.8 250.0 244.2 223.4 213.4 204.6 225.1

12 1

L iv e s to c n :Cattle, Chicago:Cl 4- pp-rc*

Choice, 1,100-1,300 lb__ _______ _____ .34 (2) (2) (2) (2) (2) (2) (2) (2) (2) (?) (?) 0) (2)13-1 Good, 900-1,100 lb_______________________ .71 (2) (2) (2) (2) (2) (2) (2) (2) (2) 0) 0) 0) (2)14-1 Medium, 700-1,100 lb____________________ .81 (2) (2) (?) (2) (2) (2) (2) (2) (2) 0) 0 ) 0) (2)15-1

Cows:Medium, all weights_____________________ .51 (2) (2) (2) (2) (2) (2) (2) (2) (2) 0) (?) 0) (2)

16-1 Cutter and common, all weights__________ .97 (2) (2) (2) (2) (2) (2) (2) (2) (2) 0) 0) 0) (2)17-1 Calves, Vealers, good and choice, all weights___ .34 239.5 222.5 211.4 212.2 238.2 224.6 227.7 230.7 231.8 221.5 221.9 221.5 225.3

18-1Hogs, Chicago:

Barrows and gilts, good and choice 200-240 lb....... 1.65 211.8 184.3 182.4 167.5 177.8 204.2 226.6 228.2 220.9 196.9 176.7 167.1 199.519-1 Barrows and gilts, good and choice, 240-270 lb. _ _ 1.21 214.8 174.8 172.5 153.8 161.5 197.9 217.9 231.2 235.6 208.7 185.9 169.6 193.720-1 Sows, good and choice, 360-400 lb___________ .36 (2) (2) (2) (2) (2) (2) (2) (2) (2) 0) 0) 0) (2)21-1 Sheep, Chicago, lambs, good and choice________ .31 177.9 161.7 153.9 170.5 194.3 211.9 210.6 189.2 172.9 168.3 173.5 171.5 179.7

2223

P o u l tr y :Poultry, live fowl:

Chicago___________________ ____________ .29.33

105.4106.7

103.4105.5

111.3119.2

118.3119.9

116.3114.8

117.7118.1

126.0 119.6

133.4117.4

132.2110.0

119.3108.4

121.9 115.0

137.7120.8

120.3114.8

Other farm products_______________ ______ _ 9.49 162.4 159.9 162.2 166.4 163.3 165.4 161.9 158.7 159.8 162.0 162.6 161.4 162.124-1 Cotton, middling, average of 10 spot markets.. 2.73 0) 0) 0) (?) 0) C) (?) 0 ) 0) 0) 0) 0) 0)27.3

Eggs, fresh:Specials, large, Boston_____ ________________ .10 121.3 120.5 116.8 117.4 118.4 121.8 127.9 136.0 141.4 163.1 155.7 129.1 130.8

28-1 Standards, Chicago.- _____________________ .26 131.8 129.7 129.2 128.1 122.5 124.1 123.0 132.6 132.2 136.3 147.6 144.1 131.829 Current, receipts, Cincinnati_________________ .03 123.0 121.6 115.1 112.1 106.5 108.6 111.0 128.2 143.7 154.6 156.3 133. 2 126.230.1 Standards, New Orleans. _ ____ _________ .02 122.6 122.3 116.9 119.9 115.2 114.5 116.8 121. 7 128.0 133.8 142.1 133.5 123.931.2 Extras, large, New York____________________ .47 129.8 127. 5 126.6 124.4 119.1 124.8 124.7 138.4 147.2 159.6 156.7 137.2 134.732.1 Extras, large, Philadelphia___________________ .11 (2) 120.2 114.7 112.1 112.0 115.4 114.4 126.5 134.2 147.1 142.6 125.5 (2)33.1 Grade A, medium, San Francisco_____________ .06 186.4 160.4 171.1 170.9 170.5 171.1 192.3 215.8 214.1 214.1 223.9 225.9 193.2

34.2

Fruits, fresh:Apples, all varieties:

Chicago, U. S. No. 1______________________ .05 171.0 131.8 119.9 115.6 177.9 185.8 208.9 186.5 202.9 188.4 200.4 221.7 175.935.2 New York, U. S. No. 1____________________ .12 139.2 131. 9 96.7 93.3 114.5 119.9 180.6 146.1 138.0 155.8 170.5 172.8 138.336.3 Portland, Oreg., good quality and condition__ .21 0) 0) 0) 0) 0) 0) 0) 0 ) 0) (2) (2) (2) (2)37.2 Lemons: California, at Chicago________ ____ .06 92.9 101.5 105.3 115.8 113.1 122.7 116.0 108.4 134. 5 117.1 131.3 113.1 114.438.2 Oranges: California, Navels and Valencias, .31 73.6 79.2 93.2 96.3 97.7 106.8 105.3 100.3 114.9 108.0 124.5 112.4 101.0

39.1

Chicago.Hay, f. o. b. listed market:

Alfalfa, No. 2, leafy or better, Kansas City_____ .14 174.4 163.0 158.3 155.4 142.7 116.4 124.6 122.4 124.8 132.8 135.8 143.9 141.140 Clover, No. 1, Chicago______________________

Timothy, No. 1, Chicago_______ ____________.09 131.4 131. 4 129.2 124.2 122.6 122.6 122.6 119.5 128.1 132.5 138.4 140.1 128.5

41 .08 127.8 127.8 125.6 120.8 119.2 119.2 119.2 116.3 124.6 128.8 134.6 136.3 124.9

43Milk, fluid:

F. o. b. country plants, Chicago area__________ .48 0) 0) (0 0) 0) 0) 0) 0) 0) 0) 0) (l) 0)44 F. o. b. New York _____ ________________ 1.60 175.6 178.3 178.3 175.6 163.4 175.6 178.3 190.5 190.5 200.7 200.7 200.7 184.245 Delivered, San Francisco area________________ .11 148.4 148.4 162.6 162.6 162.6 162.6 162.6 162.6 162.6 162.6 162.6 162.6 160.446.1 Peanuts: Spanish shelled, No. 1, f. o. b. South

eastern shipping point____________ _________ .09 211.0 213.5 212.2 213.8 214.7 215.9 217.9 215.4 209.8 208.1 207.1 208.8 212.3

47Seeds, f. o. b. listed market:

Alfalfa, Kansas City_______________________ .02 (2) (2) (2) (2) (2) (2) (2) (2) (2) (2) (2) (2) (2)48 Clover, Chicago____________________________ .09 215.5 217.6 217.6 217.6 217.6 (2) 154.8 168.6 182.6 179.9 172.8 172.6 192.649 Flax, Minneapolis__________________________ .22 302.8 269.5 264.6 258.2 260.9 261.6 260.9 257.7 257. 7 257.7 257.7 257.7 263.950 Timothy, Chicago ________________________ .01 93.2 93.2 93.2 93.2 93.2 (2) 120.7 135.6 180.3 204.6 248.8 284.6 148.651 Tobacco, leaf, warehouse sales, average last 12 .83 212.2 214. 0 214.6 214.7 214.7 214.6 214.4 219.7 229.1 237.9 241.3 241.6 222.4

52

months.Vegetables:

Beans, pea, dried, New York ___________ _ .18 280.8 274.5 267.8 261.3 254.4 259.1 254.4 238.9 238.9 238.9 190.9 159.0 242.953.3 Onions, yellow, U. S. No. 1, all sizes, Chicago____ .08 356.4 445.0 489.0 432.4 287.1 247.6 183.5 135.4 145.8 141.9 135.7 135.0 261.2

54-1.1

Potatoes:Sweet, U. S. No. 1, good quality, all sizes:

New York_____________________________ .06 0) 0) (?) 0) 0) 0) 0 ) 0 ) 0) (2) (2) (2) (2)54-2.1 Chicago___________________ __________ .04 0) (0 (?) 0) (?) (0 0 ) (?) 0) (2) (2) (2) (2)55.2

White, U. S. No. 1, all varieties of new and old: Boston___________________________ _____ .18 84.1 86.1 97.1 110.3 118.8 104.8 102. 5 90.8 84.0 77.1 78.7 87.0 93.4

56.2 Chicago_____ __________________________ .14 136.8 146.7 153.5 174.1 141.6 126.5 115.9 102.5 92.6 96.0 102.9 103.1 124.457.2 New York ___________________________ .05 105.5 103.4 106.5 117.1 93.5 82.4 71.7 74.4 69.3 62.1 64.2 71.9 85.258.2 Portland, Oreg__ . - __ .15 142.2 179.4 164.7 179.1 167.2 107.2 102.3 88.0 86.1 85. 7 87.8 92.9 123.6

See footnotes at end of table.



Table 6.Primary market prices, index numbers, and relative importance of individual commodities, 1948

Code No. Unit

Average primary market prices

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Year

1.1 Bushel__________ $2. 754 $2. 520 $2. 502 $2.470 $2. 402 $2,314 $1.994 $1,518 $1.479 $1.546 $1.601 $1,549 $2.0493 d n 2.681 2.262 2.302 2.310 2.298 2.322 2.109 1.978 1.845 1.549 1.399 1.448 2.0394.1 ___ do___________ 1.331 1.160 1.235 1.212 1.119 1.064 .792 .672 .676 .713 .790 .781 .9605.1 ___ do___________ 2. 774 2.436 2. 514 2.505 2.411 2.200 1.922 1.568 1.488 1.644 1.722 1.664 2.065

7 ___ do_____ ____ 3.057 2.630 2. 503 2.506 2.472 2.350 2. 228 2.184 2.220 (2) (2) (2) (2)9-1 ____do__________ 2. 999 2. 593 2.476 2. 512 2. 469 2.439 2.289 2.198 2. 244 2.291 2.346 2. 296 2. 42410 d o 3.155 2. 770 2. 740 2.732 2. 678 2. 660 2. 555 2. 506 (2) (2) 2. 510 2.475 (2)11 ------do------ - 3.112 2.622 2.544 2. 523 2.472 2.372 2.273 2.218 2. 264 2.281 2.416 2.412 2.454

12.1 100 pounds_______ (2) (2) (2) (2) (2) (2) (2) (2) 38.156 37.200 33.938 (2)13.1 ____do___________ (2) (2) (2) (2) (2) (2) (2) (2) (2) 32.312 31.400 29. 250 (2)14.1 _ __do__________ (2) (2) (2) (2) (2) (2) (2) (2) (2) 25.875 25.700 24. 250 (2)

15-1 _ do___________ (2) (2) (2) (2) (2) (2) (2) (2) (2) 19. 406 19.500 18.875 (2)16-1 ___ do___________ (2) (2) (2) (2) (2) (2) (2) (2) (2) 16.906 16.950 17.000 (2)17-1 (2) (2) (2) (2) (2) (2) (2) (2) (2) 30. 750 30.800 30. 750 (2)

18-1 ____do___________ (2) (2) (2) (2) (2) ( 2) (2) (2) ( 2) 26.016 23.348 22.078 (2)19-1 ____do___________ (2) ( 2) (2) (2) (2) (2) (2) (2) (2) 26.031 23.185 21.156 (2)20.1 d o (2) (2) (2) (2) (2) (2) (2) (2) (2) 23. 656 20. 925 18. 469 (2)21-1 ____do___________ (2) (2) (2) (2) (2) (2) (2) (2) (2) 24.469 25.225 24.938 (2)

22 Pound___________ .265 .260 .280 .298 .292 .296 .317 .336 .332 .300 .306 .346 .30223 ------do----------------- .318 .314 .355 .357 .342 .352 .356 .350 .328 .323 .342 .360 .342

24-1 ___ do___________ .351 .328 .343 .373 .374 .371 .341 .313 .312 .312 .315 .322 .338

27.2 * Dozen__________ .512 .509 .493 .496 .500 .514 .540 .574 .597 .689 .658 (2) (2)28 _do___________ .441 .434 .432 .429 .410 .416 .412 .444 .442 .456 .494 .482 .44129 do .438 .432 .410 .399 .379 .386 .395 .456 .511 .550 .556 .474 .44930.1 IlllldoZIIIIIZIIZZIZI .452 .451 .432 .442 .425 .422 .431 .449 .472 .494 .524 .492 .45731.2 ___ do___________ (2) (2) (2) (2) (2) (2) .505 .560 .596 . 646 .634 .556 (2)32.1 do (2) (2) (2) (2) (2) * (2) .509 .564 .598 .655 .635 .559 (2)33 Z'ZZZdoZZZZZZZZZZZZZ .555 .478 .510 .509 .508 .510 .572 .642 .638 .638 .666 .672 575

34.13 Bushel___________ 2. 524 1.945 1.770 1.706 2. 625 2.742 3.084 2. 752 2.994 (2) (2) (2) (2)35.1 3 do___________ 2. 202 2.086 1.530 1.476 1.811 1.896 2.857 2.312 2.183 (2) (2) ( 2) ( 2)36.2* Box_____________ 3.108 2.969 3.101 3.136 3.099 4.300 4.454 3.495 2.857 (2) (2) (2) (2)37.1 * ____do___________ 5.680 6.202 6.436 7.080 6.910 7.498 7.090 6.624 8. 222 (2) (2) (2) (2)38 do----------------- 4.381 4. 719 5. 550 5.738 5.819 6.360 6. 275 5.975 6.844 (2) (2) ( 2) (2)

39.1 Ton_____________ 36. 698 34.310 33.314 32. 705 30.029 24. 506 26. 229 25. 760 26. 259 27.959 28.584 30. 298 29. 69140 ___ do---------------- 30. 000 30.000 29. 500 28.375 28.000 28.000 28. 000 27.300 29. 250 30. 250 31. 600 32. 000 29.33641 30.000 30.000 29. 500 28.375 28.000 28.000 28.000 27.300 29. 250 30. 250 31.600 32.000 29.336

43 100 pounds_______ 4.962 5.017 4.885 4.707 4. 558 4. 628 4.863 5. 261 5.193 4.885 4.377 4.045 4.78244 ___ do__________ 6.360 6. 460 6.460 6.360 5.920 6.360 6.460 6.900 6.900 7. 270 7. 270 7. 270 6. 67245 ____do___________ 4.644 4.644 5.090 5.090 5.090 5.090 5.090 5.090 5.090 5.090 5.090 5.090 5.021

46.1 Pound___________ .166 .168 .167 .168 .169 .170 .172 .170 .165 .164 .163 .164 .167

47 100 pounds______ (2) (2) (2) (2) (2) (2) (2) (2) (2) (2) (2) (2) (2)48 ___ do___________ 51. 500 52.000 52. 000 52.000 52.000 (2) 37.000 40.300 43. 625 43.000 41.300 41. 250 46.03149 Bushel___________ 7. 050 6.275 6.160 6. 012 6. 075 6.090 6.075 6.000 6.000 6.000 6.000 6.000 6.14150 100 pounds__ ____ 5. 750 5. 750 5. 750 5. 750 5. 750 (2) 7. 450 8.365 11.125 12. 625 15.350 17. 562 9.16951 -do___________ 42.366 42. 721 42. 846 42.846 42. 848 42.840 42.803 43. 852 45. 733 47. 495 48.164 48.230 44.395

52* 100 pounds________ 15. 281 14.938 14.575 14. 219 13. 844 14.100 13. 844 13.000 13.000 13.000 10.390 8.650 13.22053.2* 50 pounds________ 4. 507 5.628 6.184 5.468 3.630 3.132 2.321 1. 712 1.844 (2) (2) (2) (2)

54-1 * Bushel__________ 3.400 3.599 3.310 3.440 4.167 4.917 4. 523 3. 622 2.618 (2) (2) (2) (2)54-2 * _do___________ 3.182 3.267 3.280 3.256 4. 516 4.628 3.802 2.730 2. 784 ( 2) (?) (2) (2)

55.1 3 100 pounds________ 3. 525 3.606 4.068 4. 619 4. 976 4.390 4.293 3.805 3. 520 (2) (2) (2) ( 2)56.1 3 ____do____________ 4. 899 5. 253 5.496 6. 234 5.068 4. 527 4.148 3.669 3.314 (2) (2) (2) (2)57.1 3 ___ do____________ 5. 332 5. 224 5.380 5.915 4. 723 4.165 3. 624 3. 757 3. 499 (2) (2) (2) (2)58.13 ____do____________ 5.320 6. 710 6.159 6.700 6.254 4.010 3.827 3.293 3.219 (2) (2) (2) (2)


86431050---- 3



Table 6. Primary market prices, index numbers, and relative importance of individual commodities, 1948 Continued

Rela- Indexes (1926=100) of primary market prices

Code No.

69.160.1 61.1 62.1

63.1

65.166.2 67.1

717784

8788.1

90

91

92.193.294.295.196.2

97.398.1 99100.1 101102.1

103.1104.1106.1 106.1107.1108.2109.1110.1111.1113114.1

115116.1117.1

118.1 119.2

120.2121.1

122.1123.1124.1125.2

CommodityDescription and terms of sale

FARM PRODUCTSContinued

Other farm productsContinued Wool, Boston:

Domestic, graded bright fleece, grease basis:Fine clothing, 64s, 70s, 80s_:.----------------------Fine combing (delaine), 64s, 70s, 80s_______H blood combing, 58s, 60s_________________H - % blood combing, 48s, 50s, 56s__________

Domestic territory, staple, scoured basis:Fine combing____________________________H blood combing________________________

Foreign, in bond:Buenos Aires, 5s, 40s, grease basis__________Australian combing, 64s, scoured basis_______Montevideo, 2s, 50s, grease basis------------------

FOODS.........................................................................

Dairy products..____ _____ _____ __________Butter, creamery, f. o. b. listed market:

Grade A, 92 score, Chicago___________________Grade A, 92 score, New York________________Grade A, 92 score, San Francisco_____________

Cheese, whole milk, f. o. b. listed market:Chicago___________________________________New York--------------------------------------------------San Francisco______________________________

Milk:Condensed, 48-14 oz. tins, f. o. b. New York--------Evaporated 48-14^ oz. tins, f. o. b. New York___Fluid (see farm products, code nos. 43, 44, and

45).Powdered, skimmed, f. o. b. destination________

Cereal products___________________________Bread, loaf (baked weight), delivered listed city:

Chicago___________________________________Cincinnati________________________________New Orleans______________________________New York________________________________San Francisco_____________________________

Cereal breakfast foods:Corn flakes, f. o. b. factory___________________Rolled oats, delivered_______________________Wheat, f. o. b. factory-----------------------------------

Soda crackers, delivered, New York area________Cookies, sugar, delivered______________________Flour, f. o. b. listed market:

Rye, white, Minneapolis____________________Wheat:

Spring, standard patents, Buffalo___________Spring, first clears, Buffalo_________________Hard winter, short patents, Kansas City_____Hard winter, straights, Kansas City_________Spring, standard patents, Minneapolis_______Spring, short patents, Minneapolis__________Patents, Portland, Oreg___________________Soft winter, family patents and short patents,

St. Louis.Soft winter, straights, St. Louis_____________

Hominy grits, white, f. o. b. mill_______________Macaroni, f. o. b. Chicago_____________________Meal, corn:

White, f. o. b. mill__________________________Yellow, f. o. b. New York.__________________

Pretzels, sticks, bulk, delivered________________Rice, head, clean, f. o. b. New Orleans:

Blue Rose, extra fancy______________________Rexora, extra fancy, New Orleans____________

Fruits and vegetables__________ ___________Fruits:

Canned:Apples, n. w., fancy, No. 10 can, f. o. b. cannery . Apricots, choice, halves, No. 2 \ i , f. o. b. can

nery.Cherries, sweet, choice, No. 2^ >, f. o. b. cannery. Peaches, cling, choice, No. 2 lA , f. o. b. cannery.. Pears, Bartlett, choice, No. 2^, f. o. b. cannery. Pineapple, Hawaiian, fancy, sliced, No. 2 \ i ,

f. o. b. cannery, Honolulu.

tiveimport

ance1948 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Year

.01 87.3 87.3 87.3 88.8 89.8 91.7 92.3 92.3 92.3 92.3 92.3 92.3 90.5

.01 111.0 111.0 111.0 111.0 111.0 123.1 127.2 127.2 127.2 127.2 127.2 127.2 120.2

.01 114.4 114.4 114.4 117.7 119.8 128.7 131.7 131.7 131.7 131.7 0 0 0

.01 110.9 110.9 110.9 110.9 110.9 118. 2 120.7 120. 7 120.7 120.7 120.7 120.7 116.4

.10 109.0 109.0 109.0 111.8 113.8 124.8 128.5 128.5 128.5 127.7 0 0 0

.09 114.6 114.6 114.6 118.6 121.3 130.6 133. 7 133.7 0 0 0 0 0

.03 95.4 102.2 102.2 98.9 104.3 110.5 121.0 128.0 132.1 128.0 140.4 154.8 118.3

.04 0 0) 0) 0) 0 0 0) 0) 0 0 0 0 0)

.02 151.6 151.6 151.6 151.6 160.0 174.0 190.9 190.9 190.9 190.9 190.9 186.9 173.521.42 179.8 172.4 173.8 176.7 177.4 181.4 188.3 189.8 186.9 178.2 174.3 170.2 179.1

2. 50 183.9 184.8 179.8 181.0 176.6 181.3 182.9 185.1 179.9 174.9 170.7 171.2 179.3.75 195.0 190.1 181.0 186.0 184.2 186.8 182.8 174.4 163.7 149.2 146.9 151.1 174.1.98 188.7 189.7 179.4 185.3 182.3 180.3 176.5 169.4 160.3 146.8 142.4 145. 7 170.4.06 202.5 199.6 187.2 193.3 191.6 197.6 198.5 187.5 177.3 154.0 151.0 155.5 182.8.12 208.8 207.6 187.3 192.7 206.1 210.7 227.6 214.5 196.1 176.9 165.4 175.0 197.2.12 212.6 210.9 194.4 202.3 217.0 216.9 235.0 225.2 210.7 193.1 182.4 186.4 207.0.03 0 0 0) 0 0 0 0 0) 0 0 0 0 0.12 153.7 157.1 157.1 161.3 165.6 165.6 168.2 170.7 170.7 166.5 162.2 162.2 163.4.27 152.6 155. 7 155.7 158.9 163.3 164.5 171.3 174.6 171.4 164.4 162.0 162.0 163.1

.05 125.1 128.9 128.9 128.9 128.9 136.5 136.5 136.5 136.5 136.5 136.5 130.8 132.63.47 170.1 160.2 158.6 158.0 156.3 155.1 154.5 154.0 153.3 149.6 150.5 150.0 155.8.32 143.7 143.7 143.7 143.7 143.7 143. 7 143.7 143.7 143.7 143.7 142.0 139.5 143.3.04 144.7 150.7 150.7 150.7 150.7 150.7 150. 7 150.7 150.7 150.7 150.7 150.7 150.2.04 144.8 144.8 144.8 144.8 144.8 144.8 144.8 144.8 144.8 144.8 144.8 144.8 144.8.70 159.7 159.7 159.7 159.7 159.7 159.7 159.7 159.7 159.7 159.7 159.7 159.7 159. 7.06 146.7 146.7 146.7 146.7 146.7 146.7 146.7 146. 7 146.7 146.7 144.9 137.5 145.8.10 177.4 177.4 177.4 177.4 177.4 177.4 177.4 177.4 177.4 177.4 177.4 177.4 177.4.07 264.1 264.1 264.1 264.1 264.1 264.1 264.1 264.1 264.1 264.1 264.1 264.1 264.1.09 123.6 127.9 127.9 127.9 127.9 127.9 127.9 127.9 127.9 127.9 127.9 127.9 127.6.09 138.0 138.0 138.0 138.0 138.0 138.0 138.0 138.0 138.0 138.0 138.0 138.0 138.0.14 145.1 145.1 145.1 145.1 145.1 145.1 145.1 145.1 145.1 145.1 145.1 145.1 145.1.02 244.2 220.7 233.3 230.7 214.6 189.9 167.5 159.6 147.0 160.6 171.7 163.9 191.9.36 175.7 153.5 149.0 146.5 143.1 137.2 132.6 130.4 131.0 135.4 139.0 137. 7 142.9. 11 159.7 143.4 138.6 142.0 143.1 136.2 132.5 131.8 129.4 128.3 135.0 136.2 138.1.22 164.3 139.8 138.3 136.2 132.6 124.4 125.1 127.7 126.5 126.5 129.5 127.8 133.5.07 181.3 154.4 152.1 149.9 145.7 137.1 137.5 139.4 138.1 138.3 139.8 140.8 146.5.33 166.7 146.2 143.2 141.1 135.8 134.0 131.5 130.0 129.8 134.2 138.2 132.7 138.9.11 166.2 146.2 143.4 140.8 134.1 132.2 133.5 129.7 128.4 132.4 136.3 131.1 138.1.06 207.2 183.5 184.4 185.9 178.6 176.2 173.4 169.1 167.7 170.1 176.4 172. 5 178.6.11 175.1 158.2 160.4 158.2 146.1 136.6 141.3 146.0 147.3 149.1 152.9 154.8 152.2.03 184.9 160.9 158.8 155.8 146.3 138.5 138.9 143.7 146.8 148.0 152.3 154.7 152.6.01 441.3 381.6 377.2 383.5 378.4 383.6 379. 8 385.0 329.4 269.0 235.3 238.3 348.3.06 153.8 153.8 153.8 153.8 153.8 153.8 153.8 153.8 153.8 153.8 153.8 153.8 153.8.06 441.3 381.6 377.2 383.5 378.4 383.6 379.8 385.0 329.4 269.0 235.3 238.3 348.3.06 273.7 248.1 240.3 241.3 243.0 242.6 225.8 219.5 216.9 183.2 169.1 171.9 222.6.02 190.7 190.7 190.7 190.7 190.7 190.7 190.7 190.7 195.7 200.7 200.7 200.7 193.6.14 207.7 218.9 210.8 211.3 225.8 259.9 270.0 267.2 0 163.0 148.9 168.7 212.6.05 191.7 193.6 190.5 192.8 202.2 219.3 230.7 221.8 215.3 146.4 164.1 179.8 194.7

1.24 140.7 144.5 145.7 148.6 147.0 147.7 151.2 140.5 139.4 137.1 139.6 139.8 143.4

.05 250.1 250.1 229.0 215.0 215.0 208.0 206.2 206.2 206.2 206.2 291.8 302.8 228.3

.02 129.1 129.1 129.1 129.1 129.1 129.1 116.6 116.6 116.6 116.6 116.6 116.6 123.1

.02 96.8 96.8 96.8 96.8 96.8 133.8 133.8 133.8 133.8 133.8 133.8 133.8 118.4

.05 119.3 119.3 119.3 119.3 117.5 115.8 123.3 123.3 123.6 125.0 125.0 125.0 121.3

.03 129.3 131.2 133.0 133.0 133.0 133.0 164.0 161.7 155.8 154.3 154.3 154.3 143.8

.08 149.3 149.3 149.3 149.3 149.3 149.3 149.3 155.5 161.7 161.7 161.7 161.7 154.1




T able 6. Primary market prices, index numbers, and relative importance of individual commodities, 1948 Continued


Code No. UnitJan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Year

59.1 Pound___________ $0.350 $0.350 $0.350 $0.356 $0.360 $0.368 $0.370 $0.370 $0.370. $0.370 $0.370 $0.370 $0.36360.1 ____do___________ .515 .515 .515 .515 .515 .571 .590 .590 .590 .590 .590 .590 .55861.1 ____do__________ .530 .530 .530 .545 .555 .596 .610 .610 .610 .610 (2) (2) (2)62.1 ____do___________ .510 .510 .510 .510 .510 .544 .555 .555 .555 .555 .555 .555 .536

63.1 ____do___________ 1.255 1. 255 1.255 1.288 1.310 1.438 1.480 1.480 1.480 1.471 (2) (?) (2)64.1 ____do__________ 1.200 1.200 1.200 1.242 1.270 1.368 1.400 1.400 (2) (2) (2) (2) (2)

65.1 ____do__________ .231 .248 .248 .240 .252 .268 .293 .310 .320 .310 .340 .375 .28666.2 ____do___________ 1. 242 1.315 1. 218 1.338 1.595 1. 760 1.760 1. 760 1.651 1.565 1.565 1.733 1.54067.1 ____do___________ .540 .540 .540 .540 .570 .620 .680 .680 .680 .680 .680 .666 .618

71 ____do__________ .836 .815 .776 .798 .790 .801 .784 .748 .702 .640 .630 .648 .74677 .837 .841 .796 .822 .808 .799 .782 .751 .711 .651 .631 .646 .75584 ------do--------------- .882 .870 .816 .842 .835 .861 .865 .817 .772 .671 .658 .678 .797

86 ___do__________ _ .453 .451 .406 .418 .447 .457 .494 .466 .426 .384 .359 .380 .42887 ____do__________ .490 .486 .448 .466 .500 .500 .542 .519 .486 .445 .420 .430 .47788.1 ____do__________ .442 .466 .435 .464 .501 .505 .520 .502 .474 .434 .416 .430 .466

89 Case_____________ 9.000 9. 200 9. 200 9. 450 9. 700 9. 700 9. 850 10.000 10.000 9. 750 9. 500 9. 500 9. 57390 ____do___________ 6.075 6.200 6.200 6.325 6. 500 6. 550 6.819 6.950 6. 825 6.544 6.450 6.450 6.492

91 Pound___________ .157 .162 .162 .162 .162 .171 .171 .171 .171 .171 .171 .164 .166

92.1 do .126 .126 .126 .126 .126 .126 .126 .126 .126 .126 .125 .122 .12693^ 2 .120 .125 .125 .125 .125 .125 .125 .125 .125 .125 .125 .125 .12594.2 "d0 .116 .116 .116 .116 .116 .116 .116 .116 .116 .116 .116 .116 .11695.1 ___do____________ .133 .133 .133 .133 .133 .133 .133 .133 .133 .133 .133 .133 .13396.2 ____do___________ .131 .131 .131 .131 .131 .131 .131 .131 .131 .131 .129 .122 .130

97.3 Case____________ 2. 803 2.803 2.803 2. 803 2. 803 2.803 2.803 2. 803 2.803 2.803 2.803 2.803 2.80398.1 2. 505 2. 505 2.505 2. 505 2.505 2.505 2. 505 2. 505 2. 505 2. 505 2.505 2.505 2.50599 do 4.190 4.336 4.336 4.336 4.336 4.336 4.336 4.336 4.336 4.336 4.336 4.336 4.325100.1 Pound___________ .194 .194 .194 .194 .194 .194 .194 .194 .194 .194 .194 .194 .194101 ____do ___________ .212 .212 .212 .212 .212 .212 .212 .212 .212 .212 .212 .212 .212

102.1 100 pounds____ __ 7.040 6.362 6.725 6. 650 6.188 5.475 4.830 4.600 4.238 4.630 4.950 4. 725 5.532

103.1 __ _do__________ 7.780 6.800 6.600 6.488 6.340 6.075 5.875 5.775 5.800 5.995 6.156 6.100 6.329104.1 ____do___________ 6. 695 6.012 5.812 5.956 6.000 5.712 5. 555 5. 525 5.425 5.380 5.662 5.712 5. 793105.1 ____do__________ 6.870 5.844 5.781 5. 694 5. 545 5.200 5.230 5.338 5. 288 5.290 5.412 5.344 5. 582106.1 ____do___________ 6.735 5.736 5.650 5. 569 5.415 5.094 5.110 5.181 5.131 5.140 5.194 5.231 5. 445107.1 ____do______ _____ 7.175 6.294 6.162 6.075 5.845 5. 769 5.662 5.595 5. 588 5. 775 5.950 5.712 5.980108.2 ___do__________ 7.375 6.488 6.362 6. 250 5.950 5.869 5.925 5.755 5.700 5.875 6. 050 5.819 6.131109.1 ___ do___________ 8.440 7.474 7. 514 7. 574 7.276 7.178 7.066 6.890 6.831 6.930 7.187 7.029 7. 276110.1 ____do___________ 7.000 6.325 6. 412 6.325 5.840 5.462 5. 650 5.838 5.888 5.960 6.112 6.188 6.086

111.1 ____do___________ 6. 710 5.838 5. 762 5. 652 5.310 5.025 5.040 5. 212 5.325 5.370 5. 525 5.612 5.538113 ____do___________ 6.875 5.945 5.876 5.975 5.895 5.976 5.918 5.998 5.132 4.190 3.666 3.712 5.426114.1 Box_____________ 2.205 2.205 2.205 2.205 2.205 2.205 2.205 2.205 2.205 2.205 2.205 2.205 2.205

115 100 pounds_______ 6.875 5.945 5.876 5.975 5.895 5.976 5.918 5.998 5.132 4.190 3.666 3.712 5.426116.1 ____do___________ 7.315 6.631 6.423 6.450 6.494 6.485 6.035 5.867 5.796 4.898 4. 520 4. 595 5.949117.1 Pound___________ .175 .175 .175 .175 .175 .175 .175 .175 .180 .185 .185 .185 .178

118.1 ____do___________ .127 .134 .129 .129 .138 .159 .165 .163 (2) .100 .091 .103 .130119.2 ____do------- ------- .147 .148 .146 .148 .155 .168 .177 .170 .165 .112 .126 .138 .149

120.2 Dozen___________ 7.125 7.125 6.525 6.125 6.125 5.925 5.875 5.875 5.875 5.875 8.312 8.625 6.503121.1 ____do___________ 2.975 2.975 2.975 2.975 2.975 2.975 2.688 2.688 2.688 2.688 2.688 2.688 2.837

122.1 do 3.400 3.400 3.400 3.400 3.400 4.700 4.700 4.700 4.700 4.700 4.700 4.700 4.158123.1 d o _ 2.600 2.600 2.600 2.600 2. 562 2. 525 2.688 2.688 2.695 2. 725 2.725 2. 725 2.644124.1 ____do___________ 3.500 3.550 3.600 3.600 3.600 3.600 4.438 4.375 4.215 4.175 4.175 4.175 3.892125.2 do----------------- 3.000 3.000 3.000 3.000 3.000 3.000 3.000 3.125 3.250 3.250 3.250 3.250 3.096




T able 6.Primary market prices, index numbers, and relative importance of individual commodities, 1948 Continued

Relative

Indexes (1926=100) of primary market prices

Code No. CommodityDescription and terms of sale importance1948 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Year

126.1

FOODSContinued

Fruits and vegetablesContinued

FruitsC ontinued Dried:

Apples, n. w., choice, f. o. b. New York______ 0.01 185.4 186.9 186.0 187.1 187.1 184.5 0 196.5 196.5 202.3 202.8 222.2 0127 Apricots, choice, f. o. b. packer_____________ .02 105.9 104.2 104.2 99.7 99.7 103.9 105.3 102.7 99.7 102.0 104.4 105.3 103.2128.1 Currants, Zante, 15-oz. pkg., f. o. b. packer___ () 198.2 183.5 179.3 179.3 179.3 180.7 181.2 184.9 186.4 188.6 188.6 184.9 184.7129 Peaches, yellow, choice, f. o. b. packer._____ .01 97.3 93.3 93.6 90.8 89.0 94.5 97.3 (2) 137.7 143.1 146.4 159.4 112.6130 Prunes, California, 50/60s, f. o. b. packer_____ .05 146.7 137.6 136.2 126.8 126.2 131.2 134.2 139.7 152.6 160.7 159.9 159.9 142.8131 Raisins, Thompsons, seedless, choice, f. o. b. .04 129.1 121.9 121.4 121.7 123.3 131.9 139.6 147.8 141.0 137.8 136.2 132.8 131.9

132.2

packer.Fresh:

Apples. (See Farm products, code Nos. 34.2, 35.2, 36.3.)

Bananas, Central American, f.o. b. New York. .54 352.9 352.9 352.9 352.9 352.9 352.9 398.0 398.0 398.0 398.0 398.0 398.0 375.5

133.1

Lemons. (See Farm products, code No. 37.2.) Oranges. (SS Farm products, code No. 38.2.)

Vegetables:Canned:

Asparagus, large green No. 2 tall, f. o. b. cannery. .02 135.3 136.7 138.1 (2) 0 154.0 154.0 154.0 154.0 154.0 154.0 154. 0 0134.2 Baked beans, 16 oz., f. o. b. cannery ____ . 07 151.3 151.3 151.3 151.3 151.3 151. 3 151.3 151.3 151.3 142.0 132.7 132. 7 147.3135.1 Corn, Golden Bantam, whole kernel, No. 2, .05 141.2 141.2 141.2 141.2 141. 2 141.2 141.2 148.3 153.0 153.0 153.0 153.0 145.7136.2

f. o. b. cannery.Peas, sugar variety, 1-5 sieve blended, No. 2, .05 121.6 121.6 121.6 121.6 121.6 121.6 121.6 121.6 121.6 121.6 121.6 121.6 121.6

137f. o. b. cannery.

Spinach, fancy No. 2^, f. o. b. cannery_____. .01 108.5 106.8 106.4 110.6 112.0 112.0 112.0 112.0 112.0 112.0 112.0 112- 0 110.7138 Beans, southern, green, cut, stringless, stand- .03 131.6 131.6 131.6 131.6 131.6 131.6 0 0 0 145.6 138.9 142.8 0139-1

ard, No. 2, f. o. b. cannery.Tomatoes, standard, No. 2, f. o. b. cannery___ .09 0) 0) 0 0 0 0 0 0 0 0 0 0 0Meats, poultry, and fish______________ _____ 9. 48 222.3 206.2 217.1 226.0 233.2 241.3 263.8 273.7 266.5 239.8 227.4 220.8 236.5

141-1Meats:910

Beef, carcass, fresh (weighted average price): Choice, 600-700lb., New York and Chicago. __ .48 (2) (2) (2) (2) 0 0 0 0 0 0 0 0) 0141-2 Good, 500-600 lb., New York, Chicago, and 1.25 (2) (2) (2) (2) 0 0 0 0 0 0 0 0 0

141-3San Francisco.

Commercial, 350-600 lb., New York, Chicago, 1.08 (2) (2) (2) (2) 0 0 0 0 0 0 0 0 0141-4

and San Francisco.Utility (cow), all weights, New York, Chicago, .63 (2) (2) (2) 0 0 0 0 0 0 0 0 0 0

142-1

and San Francisco.Lamb, carcass, fresh (weighted average price):

Good, 40-45 lb., New York, Chicago, and San .36 169.2 154.4 162.1 183.9 206.0 221.7 220.3 199.7 180.8 177.8 179.1 167.5 185.2

143-1

Francisco.Pork, cured (weighted average price):

Bacon, slab, smoked, dry cure, No. 1, brisket .54 (2) (2) (2) 0 0 0 0 0 0 0 0 0 0

144-1off, 8-10 lb., New York, Chicago, San Francisco.

Fat backs, dry salt, 16-20 lb., New York and .16 (2) (2) (2) 0 0 0 0 0 0 0 0 0 (2)145-1

Chicago.Hams, smoked, skinned, No. 1, 12-16 lb.,

wrapped, New York, Chicago, and San Francisco.

Picnics, smoked, 4-8 lb., short shank, New

.83 202.1 177.7 185.3 187.8 190.3 201.6 212.6 217.1 220.9 193.6 185.1 186.7 196.7

146-1 .27 (2) (2) (2) 0 0 0 0 0 0 0 0 0 0

147-1

York, Chicago, and San Francisco.Pork, fresh (weighted average price):

Loins, blade-in, No. 1, 10-12 lb., New York, 1.18 182.5 176.3 200.0 202.9 204.4 206.5 245.1 270.3 256.9 217.7 168.5 149.7 206.7

148-1

Chicago, and San Francisco.Veal, carcass, fresh (weighted average price):

Good, hide-oil, 80-130 lb., New York, Chicago, .51 (2) (2) (2) 0 0 0 0 0 0 0 0 0 0

149-1.1

and San Francisco.Sausage and materials for sausage and canned

meat products:Beef trimmings, fresh lb., Chicago__________ 1.22 (2) (2) (2) 0 0 0 0 0 0 0 0 0) 0

150-1.1 Pork trimmings (regular), fresh, lb., Chicago... .21 (2) (2) (2) 0 0 0 0 0 0 0 0 0 0

152

Poultry:Poultry, dressed fowl:

Chicago________ _____________________ .18 107.3 101.7 108.6 116.9 118.2 120.5 127.8 131.4 134.6 125.3 129.1 143.0 122.1153.1 New York___________ __________________ .39 100.5 98.9 97.0 102.8 108.3 110.4 116.6 120.5 123.3 114.5 119.4 128.6 111.8

162-1

Fish:Salmon, canned, f. o. b. Seattle:

Pink, No. 1 tall__________________________ .10 0 0 0 0 0 0 0 0 0 0 0 0 0163-1 Red, No. 1 tall. _ ___________________ _ .06 0 0) 0) 0) 0 0 0) 0 0) 0 0 0 0164 Cod, cured, pickled, bulk, f. o. b. Gloucester, .02 199.8 199.8 199.8 199.8 199.8 199.8 199.8 201.1 206.7 206.7 206.7 206.7 202.2

166.1Mass.

Mackerel, salt, pickled, 200 lb. bbl., f. o. b. New .01 148.8 148.8 148.8 142.0 139.8 144.3 144.3 144.3 144.3 157.8 157.8 157.8 148.3York.

Other foods________ _______________ _____ 4. 73 155.0 146.6 144.5 144.4 144.1 148.0 148.4 148.2 149.1 150.4 149.4 140.9 147.6153-1 Baking powder, four 10-pound cans to case, deliv .03 106.7 106.7 106.7 106.7 106.7 106.7 106.7 111.2 114.3 114.3 115.1 116.3 109.9

154

ered.Beverages:

Gingerale, delivered____________ ___________ .11 64.9 64.9 64.9 64.9 64.9 64.9 64.9 68.5 83.1 83.1 83.1 83.1 71.2155 Grape juice, f. o. b. plant____________________ .01 87.7 87.7 87.7 87.7 87.7 87.7 87.7 87.7 87.7 88.7 91.4 90.5 88.4156.1

See foePlain soda, f. o. b. factory__ ___ _ ______

>tnotes at end of table..16 127.8 127.8 127.8 127.8 127.8 127.8 127.8 127.8 127.8 127.8 127.8 127.8 127.8



Table 6.Primary market prices, index numbers, and relative importance of individual commodities, 1948 Continued

Code No. Unit


Jan. Feb. Mar. Apr. May J u n e July Aug. Sept. Oct. Nov. Dec. Year

126.1 Pound________ . $0.198 $0,200 $0.199 $0,200 $0,200 $0.197 (2) $0.210 $0.210 $0.216 $0.217 $0.238 (2)127 do_. .239 .235 .235 .225 .225 .234 $0.238 .232 .225 .230 .236 .238 $0. 233128.1 Each____________ .134 .124 .121 .121 .121 .122 .122 .125 .126 .128 .128 .125 .125129 Pound____ ____ .131 .126 .126 .122 .120 .128 .131 (2) .186 .193 .198 .215 .152130 do .109 .102 .101 .094 .094 .098 .100 .104 .113 .119 .119 .119 .106131 ------do----------------- .084 .079 .079 .079 .080 .086 .091 .096 .092 .089 .088 .086 .086

132.2 100 pounds........ 5.875 5.875 5.875 5.875 5.875 5.875 6.625 6.625 6.625 6.625 6.625 6.625 6.250

133.1 Dozen___________ 3.625 3.662 3.700 C2) (2) 4.125 4.125 4.125 4.125 4.125 4.125 4.125 (2)134.2 do 1.950 1.950 1.950 1.950 1.950 1.950 1.950 1.950 1.950 1.830 1.710 1.710 1.899135.1 ____do......... ............. 1.773 1.773 1.773 1.773

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