Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-04-21


have riaon considerably IN The last
period AZ compared wish the first.
Apparently the price level OF butt
ter IN cents IN the United States has
risen Ia the laet period as compared
with the first. although A hes fallen
In New York city. A much higher
price level N cents n Indicated for
egga.in the last period than for the
first"
In determining changes OF price
lovolu az indicated by index numbers
ny toward q higher price level II in
dicated for fresh pork because Of the
monthly Redistribution Of connump-
ton and prices. when the Lass period
lt compared with the first" For but
ter there n undoubted tendency to-
ward n higher price level because Of
the redistribution Of monthly con.
sumption and prices throughout the
year. and the same conclusion ~ made
for eggs.
In a grand summary OF results OF
the investigation OF changes Ia price
levels. the conclusion n expressed
that 'the general. but not lnvarihbIe.
rise Of prices To q higher level. when
prices are expressed In cents. readily
appears; and also an almost lnvaria-
BILE tendency toward a higher price
level when prices are treated as in
dex numbers when the last period OF
years. extending from 1909 20 1911. ~
compared with the first period. which
antedates the time when cold stor-
age was ~ large account"
Uniformity Of Prices.
Another important topic OF this re-
port relates 10 the tendency toward.
or away from. uniformity OF prices
throughout the year because of the
Introduction % cold storage "If
portion Of product is Withdrawn
from. consumption az "a time OF the
year when production In relatively
large. and released for consumption
al a time of the year wncn production
IA relatively small. the academic log
H. of the proceedings II that prices
VIII be raised during the period OF
natural surplus. and depressed during
the period OF natural scarcity, 30 that
there viii be In operation an eauallz-
ing force" The pyicc statistics cOi-
iocted in this Investigation permit
definite and conclusive answer 10 this
question.
In the special investigation for New
York city Il appears mat there has
been "a tendency from the first TO the
last period toward uniformity of
prices Of fresh butter through all og
the twelve months 90 tho year. ana
an unbrokun tendency toward uni
- stflt 81 hs
first period n compared with the cold
storage butter of the last A COM
parison Of periods for fresh eggs finds
a tendency toward uniformity OF
prices In eight months and away from
uniformity In four months; ami, " the
fresh eggs Of the first period are
compared with cold storage eggs In
the last period. there ~ tendency
toward uniformity 81 prices In ten
months and away from uniformity In
two months
In the treatment of this subject for
the United States. the price quotation
was taken for the first of each month
and consequently thirteen quotations
were needed to caver - year, The
conclusions Of the report are these;
For fresh beef there was q tendency
toward uniformity of prices for only
three of the thirteen months: for
mutton for nine at the thirteen
months; for pork for only tive of the
thirteen months; for dressed poultry
FOR eight Of the thirteen months; for
butter for eleven OF the thirteen
months; and for eggs for nine OF tho
thirteen months. The fact may be
regarded as established that there II
"a general tendency toward uniformity
of prices for four OF the commodities
mentioned and that there was CON
trary tendency for fresh beef and
fresh pork. u h therefore apparent
that the contention 0f the cold storage
Interests that cold storage has count
cd for uniformity OF prices Is largely
true. hut Il In not true for all COM
mOdltlcs nor for all comparisons of
years and periods of years"