The weekly chieftain. [volume] (Vinita, Craig County, Okla.) 1905-1913, 1911-11-03
ADVANCE IN PRICES
IN FOREIGN COUNTRIES

That prices have advanced in other
parts of the world as well as in the
United States is evidenced by state
ment prepared by the bureau of sta
tistics, department of commerce and
labor, comparing import prices at the
present time with those OF certain
earlier years. The import figures of
the United States government repre-
sent, under existing law and regula
tions, the prices of the articles in ques-
tion in the wholesale markets of the
country from which imported and a
comparison, therefore, of the average
import prices of the principal articles
imported at thep resent time compared
with those of corresponding periods in
earlier years indicates, in some degree
at least, the tiuctuation in prices in
the countries from which these articles
are imported
This comparison of prices is render
ed practicable by reason of the fact
that the bureau of statistics publishes
in it's summary of commerce and
finance a table showing the monthly
average import prices of the principal
articles brought into the country, and
states at the head of the table that
THE value of the goods represents
their value in the foreign markets.
These statements of average import
prices are obtained by comparing
quantity with value for the period in
question, or in other words, by divid-
ing the stated quantity of the article
under consideration into the stated
value thereof and thus determining the
import value per unit of quantity This
table shows, for example, the average
price of coffee imported in August,
| 1911, as 11,Sc per pound, against 6.4c
per pound in August, 1901, a decade
ago; India rubber, an average of S3.4c
per pound in August, 1911, against
46. sc per pound in August, 1901; cloth
ing wool, 229c per pound in August,
1911, against 12c per pound in August,
1901; combing wool, $3.50 per pound
in August of the present year, against
1880 in August a decade ago; flax
$43865 per ton in August, 1911, against
$2l6.S2 in August, 1901; hemp, $4,000
per ton in August of the present year,
against $165.61 in August, 1901; tin
plates, 39c per pound in August of the
current year, against &c in the cores
ponding month a decade ago; tin in
bars, blocks, etc, 41.2c per pound in
August, 1911, against 26.5c pound in
August 1901; and tea, 1920 a pound
in August of the current year, against
1880 a pound in the corresponding
month decade ago.
Even in the single twelve month per
iod from August, 1910, to August, 1911,
"a large number of articles show a
marked advance in prices. Coffee, for
example, which, as already indicated
showed an average of 11.8c per pound
lin August 1911, averaged 7Sc per pound
in August, 1910; rice imports in Aug
ust, 1911, averaged 3-1c per pound
against 2.4c per pound in August a
Iyear earlier; cement, in August, 1911
$3.50 per hundred pounds, against 2S.4c
per hundred pounds in August of last
year; bananas, 298c per bunch in Aug
ust of the present year. against 27.6c
: per bunch in August, 1910; currants
4.8c per pound in August, 1911, against
. SIC per pound in August of last year;
figs, &c per pound in August, 1911
against 5.3c per pound in August {
year ago; almonds, 145c per pound il
August of the present year, agains
? 10.3c per pound in the corresponding
, month of 1910 calf skins, 29.2c pc
pound in August, 1911, against 24.1t
2 per pound in August, 1910, tin plates
t 3.9c per pound in August of the cur
rent year, against &c per pound in Aug
ust, 1910; olive oil, edible, s1.44 pc
gallon in August, 1911, against SIP
; per gallon in August 1910; black pep
per. S2c per pound in August, 1911
:. against 7.3c per pound in August
year ago; champagne, $15.49 per dozel
/ quarts in August, 1911, against STAG
in August 1910; tin in bars, blocks, etc
/. 41.2c per pound in August of the cuI
rent year against 32.1c in August o
/. the previous year; leaf tobacco, suit
able for wrappers, $1.17 per pound i
:; August of this year, against 95.4c pc
pound in August of last year; clothin
/; wool, 22.9c per pound in August Ill
against 212c per pound in Angus
= 1910; combing wool, 339c per poun
in August of the current year, agains
l. soc per pound in August year ago
and wool carnets and carpeting 81