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 125 

 120 



115 



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105 

 100 

 95 

 90 

 85 

 80 

 75 



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1 



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CORN 



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Fig. 9L 



The above chart represents graphically the movement of the average price received for corn by farmers of the 

 United States monthly during a period of five years; 100 represents the average monthly prices for the entire 

 period. Observe the regular seasonal variation; highest prices were reached on August 1 in three years, on July 1 

 and June 1 once each. Lowest prices were reached on December 1 in four years, and January 1 once. The in- 

 crease from the low price to high price was 51 per cent in 1908; 27 per cent in 1909; 12 per cent in 1910; 37 per 

 cent in 1911, and 33 per cent in 1912. The average increase in price from December 1 to August 1 during this 

 period of five years was 31 per cent; that is, from 55.9 cents, the average on December 1, to 72 cents, the average 

 on August 1. There is a normal shrinkage of Weight of corn from December to August of about 8 to 14 per cent 

 About 13 per cent of the corn sold in a year is marketed in January, 10 per cent in February, 7 per cent in 

 March, 5 per cent in April, 8 per cent in May, 7 per cent in June, 5 per cent in July, 6 per cent in August, 6 per 

 cent in September, 7 per cent in October, 11 per cent in November, and 15 per cent in December. Thus, it is 

 seen, the marketings m December, the month of heaviest movement, are about three times as heavy as in July, 

 the month of lightest movement. 



Fig. 92. 



The oats production was 1,007,000,000 bushels in 1909; 1,186,000,000 in 1910; 922,000,000 in 1911; and 1,418,- 

 000,000 in 1912. Note the influence of the large crops of 1910 and 1912 and of the short crop of 1911. Also note 

 the close parallel with corn prices. 



178 



