GENERAL FARM PROGRAAI 



357 



^.\BLE 3. — \rojections of title II parity prices for major commodities under specified 

 I assumption. United States, 1950-53 i 



xptton 



1. ASSUMING PARITY INDEX 246 2 

 [Work table: Illustrative calculations only] 



?. ASSUMING PARITY INDEX 232 < 



1 These calculations assume that for each year the price of each commodity is equal to its parity price and 

 that the udex of prices received is equal to the parity index. The eSects of transitional parities on the 

 index of jrices received has been disregarded. 



2 April .949 level (1910-14=100). 



3 Transitional parity prices. 



< Equivilent to a drop of 1 point a month from April 1949 to July 1950. 



The Chairman. We want to thank you very much, Mr. Secretary, 

 for your appearance. 



The cominittee will stand adjourned and the special subcommittee 

 will meet at 10 o'clock in the morning. 



(Whereupon, at 5:10 p. m., the conunittee was adjourned.) 



X 



