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

270 ECONOMIC ESSAYS IN HONOR OF JOHN BATES CLARK average number of bushels delivered in August during the ten year period is 11,879,900, or 9.8 per cent of the total average delivery for the year; in September it is 15,658,300 bushels, or 12.9 per cent of the total delivery, and this is the maximum for any month. The months of small delivery are April, May, and June, with percentages of 5.2, 5.1, and 4.4, respectively. In the ase of oats the average number of bushels delivered in August is 12,377,800, or 13.2 per cent of the total average delivery for he year, and this is the maximum for any month. The months of small delivery are December, February, April, and July, with percentages of 6.7, 6.7, 6.6, and 6.2, respectively. In the case of orn, the average number of bushels delivered in December is 10,949,900, or 10.4 per cent of the total average delivery for the year; in June it is 13,097,600, or 12.4 per cent of the total, and his is the maximum for any month. The months of small delivery are April, May, and October, with percentages of 5.3, 5, and 5.5, respectively. In the case of cotton the average number of bales delivered in October is 1,163,400, or 18.5 per cent of the total average delivery for the year; in November it is 1,275,500 or 20.3 per cent of the total, and this is the maximum or any month. The months of small delivery are August, May, June, and July, with percentages of 2.6, 2.6, and 1.6, and 1.2, respectively. The average number of bales of cotton ginned in October is 4,526,110, or 37.0 per cent of the total, and this is the maximum for any month; in November it is 2,737,399, or 22.4 per cent of the total. The months of small ginnings are August, and January, with percentages of 4.1 and 2.2 respectively. Up to this point the discussion of price movement has been onfined to those products which are traded in on the organized exchanges. I will now consider the price movement of an impor- ant product, wool, in which organized future trading is absent, and which therefore, while actively speculated in, is not subject o the same stabilizing influence as wheat, for example. The bulk of the wool is removed from the sheep’s backs during the months of May, June, and July; and, if the wool grower is so inclined he may grade and dispose of all his wool by the end of this period. Under normal conditions, July is the month of heavy movement to market; and during this month we should expect, according to the advocates of holding, a glutted market and low seasonal prices. However, a study of the price movement over any EP a

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