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

subdiVidcd into two periods at 1909.
for the purpose of making a group
'oi the more recent cold storage years
during which the business has reach
cd its highest development. The first
period covers thirteen years and tho
second ana third nine years each. A
special compilation OF prices Of butter
and esgs was made for New York city
Including cold storage goods
changes In Price Level.
One at the important efforts Of the
bulletin is to determine price levels
and To indicate whether they have
become higher or lower during the
last period, In which cold storage had
become prominent, than In the first
period. which antedaied the time
when cold storage existed or. at any
rate, had any influence upon prices.
In the determination Of price lev
els for the periods OF time. monthly
prices are weighted according 20 the
monthly consumption Of tho products.
a notable departure from the custo-
mary procedure OF adopting mean
and unwcightod prices, which must
necessarily he misleading.
A double form az treatment is pro-
vldod. In one of them the prices
are expressed IN Genus. aud consc-
quently the participation n any. of
the prices of the commodities mem
toned In the general upward move
mcnt of prizes for All commodities m
wolves an error: but this error s.
eliminated 10y treating prices I'm the
form nf monthly index numbers.
The withdrawal or commodities
from consumption during the period
OF natural high production. and the
placing of them ia cold storage FOR
increasing the consumption during The
season of naturally low consumption,
causes redistribution ut both con
sumption and prices. monthly
throughout the year These redistri-
buttons have marked effect on the
tendencies of price levels. although,
as matter Of fact. actual prices. In
cents. may not display the same ten
denotes For Instance. a cheapenng
~ the cost of distribution may. IN the
course oi time. reduce the annual
weighted price of "a commodity, al
though the changes In munthly prices
and consumption caused hy cold stor-
age may have tended to increase the
annual weighted price. and would
have done so had not costs of distri'
button been cheapencd.
The report states that ~ r. conclu-
sive that both fresh aud cold storage
butter was sold In New York ON a
lower price level. IN cents. In the last
period than In the first. and this In
spite at tendency toward a higher
price levck caused automatically by
the monthly Redistribution of con
sumption aud prices. In the last per
Tod as compared with the first IL
the case of eggs. the wholesale prices
In cents. were on a higher level In tn,
last period than la the first. and thor,
were ALSO tondenciea toward "a lower
price level in the case of fresh egg'
aud higher price level I'm the cast
ut cold storage eggs, caused arith
meticaliy by the redlstrihution o
consumption and prices throughou
the months OF the year
In addition TO the special treatmon
of New York city. there is a genera
treatment of the United states In .h'
matter of price levels, The prices oh
tained for this purpose extend baoi
to iSS0. aud practically exhaust th'
resources OF the library OF congress
aud OF the libraries Of the executive
departments.
Among the conclusions Of the repor
arr the following ~ n evident Ira
when prices aS expressed IN cents ar
used. the price level az pork in ia
United states a large 4 found q