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 early teaching of economics in the United States / Edwin R.A. Seligman

Collection:: Economics Books

258 ECONOMIC ESSAYS IN HONOR OF JOHN BATES CLARK ave sustained a loss of from nine to forty-two cents per bushel; also that during the remaining six years there were never more han two months in any one year in which he could have sold at a rofit, varying from one to nineteen cents, from holding. During 11 the one hundred and ten months of the ten years there were nly twenty-three months in which he could have sold at a profit rom holding. The figures for the ten year average show no gain n any month from the holding, and show losses ranging from ve to fourteen cents. t is to be remembered, moreover, that if we assume that he farmer will take advantage of the highest price each ear, we assume him, unlike the average speculator, to be mniscient. _. able VI shows the actual gain or loss per bushel by holding ats. By holding oats until either November, or December, 1903, nstead of selling in the previous August, the farmer would have ost one cent per bushel, and by holding until February, 1904, he ould have gained four cents. If a similar comparison with the ugust selling price be made for each month of each of the ten rears, it will be seen that there was one year in no month of hich could the farmer have sold his oats at a profit from the olding, while there were two years in which there was no month n which he could not have sold at a profit from holding, and that uring the seventy-seven months of the remaining seven years here were twenty-nine months in which there would have been ains from holding ranging from one to eight cents, while in the orty-eight remaining months there would have been losses from holding ranging from one to ten cents. The figures for the ten year average show three months in which the farmer would have rained from one to two cents per bushel, and four months in which he would have lost one to two cents, while in four months e would have broken even by holding. Table VII shows the actual gain or loss per bushel by holding corn. This table indicates that by holding his corn until either March or June, 1904, instead of selling it the preceding December, the farmer would have made a profit of seven cents per bushel, and by holding until July he would have lost two cents per bushel. A comparison of the December selling price of each year with the other selling prices of that year, shows that there were

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