Economic essays

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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

THE HOLDING MOVEMENT IN AGRICULTURE 251 It is evident from this table that the maximum selling price of oats is reached in June, when it is relatively sixteen points higher than the selling price of the preceding August, or 43.5 cents as compared with 37.6 cents, a difference of 5.9 cents; that is, if it had cost nothing for the farmer to carry the oats and if he had sold at the high point he would have gained 5.9 cents per bushel; but since carrying charges up to June first were 4.2 cents per bushel, in reality the farmer would have made only 1.7 cents by holding. An examination of the table shows that in all but two of the eleven months, oats sold at a higher price than at the time the crop was ready for the market; but if carrying charges be taken into account it will be seen that if the farmer had sold his oats in any one of five of the eleven months, he would have lost by the holding. Table III similarly shows for corn the relative average monthly receipts and selling price (per bushel), and relative average monthly price, if held, during the ten year period, 1903-12. TABLE III Corn December January February March April . May . June . July . August . September October . November AVERAGE MoNTHLY PRICE FOR TEN YEAR PERIOD (Cents) 52.9 51.7 53.0 54.5 57.1 60.6 51.2 51.7 64.2 63 4 60.2 8.- RELATIVE AVERAGE MONTHLY PRICE FOR TEN YEAR PERIOD 100 983 100+ 103 108 15 ‘fH 1 2) a RELATIVE AVERAGE MoNTHLY PRICE 1F HeLp D0) 20 22 4 26 30 18. 4 Q 1 57 RELATIVE AVERAGE MoNTHLY 1ECEIPTS FOR TEN YEAR PERIOD 100 105 99 £7 ho EF ") 63 59 iz 1 4 54 58 The figures demonstrate that the maximum selling price of corn is reached in August, when it is relatively twenty-one points higher than the selling price in the previous December, or 64.2 cents as compared with 52.9 cents, a difference of 11.3 cents; that is, if it had cost nothing for the farmer to carry his corn and if he had sold it at the high point, he would have gained 11.3

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