Economic essays

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Monograph

Identifikator:: 1753623200

URN:: urn:nbn:de:zbw-retromon-136107

Document type:: Monograph

Title:: Economic essays

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1927

Scope:: viii, 368 S.; Ill., graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

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Title:: The holding movement in agriculture / Jesse E. Pope

Collection:: Economics Books

250 ECONOMIC ESSAYS IN HONOR OF JOHN BATES CLARK the farmer would have actually lost 9.1 cents by holding. More- over, there were only two months out of the eleven in which wheat sold at a higher price than at the time it was ready to go on the market; and if carrying charges be taken into account, it will be seen that if the farmer had sold his wheat in either one of these months he would have lost by holding. If, on the other hand, we take the selling price in September, $1.01, as the basis, on the supposition that the crop was not ready for the market until then, we find the maximum selling price, in July, relatively six points higher, or $1.074 as compared with $1.01, a difference of 6.4 cents; that is, if it had cost nothing for the farmer to carry the wheat and if he had sold it at the high point, he would have gained 6.4 cents per bushel; but since carrying charges up to July first were eleven cents per bushel, the farmer would have actually lost 4.6 cents by holding. More- over, although there were six of the twelve months in which wheat sold at a higher price than in September, yet if carrying charges be taken into account it will be seen that if the farmer had sold his wheat in any one of these months he would have have sus- tained a loss from the holding. A second table, similarly prepared, shows the relative average monthly receipts and selling price (per bushel) of oats, and rela- tive average monthly price if held, during the ten year period, 1903-12. TABLE II OATS po AVERAGE MONTHLY PRICE FOR TEN YEAR PERIOD (Cents) RELATIVE AVERAGE MoNTHLY PRICE FOR TEN YEAR PERIOD RELATIVE AVERAGE MoNTHLY PRICE 1F Herp RELATIVE AVERAGE MoNTHLY RECEIPTS FOR TEN YEAR PERIOD August . September October . November December January February March April : . May . June. . July 37.6 38.4 37.6 37.4 38.8 39.5 41.0 41.1 11.7 12 4 43.5 12 y 100 102+ 100 99 103 105 109 109+ 111 115 116 114 100 100 101 78 97 84 95 69 97 51 98 85 100 51 100 — 66 101 50 105 58 105 — 61 102 47

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