TREND OF PRICES 



The trend of prices of important Montana crop and livestock products over 

 an 8 year period as a percentage of their 1920 prices show mixed trends. Wheat 

 prices show relatively less stability than do livestock prices. The steady improve- 

 ment in sheep and wool prices from 1922 to 1927 are in contrast with the rel- 

 atively low cattle prices for all the period preceding 1927. Dairy prices show a 

 steady curve. 



INDEX NUMBER OF FARM PRICES AND WHOLESALE PRICES 

 OF NON-AGRICULTURAL COMMODITIES 



Index number of farm prices (August 1909-July 1914=100) 



5 ^ 



g . JH t 



>^ O fe> S Q 



1919 231 189 206 173 



1920 231 249 173 188 . 



1921 112 148 108 148 



1922 105 152 113 134 



1928 114 136 106 148 



1924 129 124 109 134 



1926 156 168 139 137 



1926 129 189 146 136 



1927 128 155 139 138 



1927 : 



March 121 140 144 139 



June 140 201 129 132 



Sept. 134 145 142 135 



Dec. 123 141 138 145 



1928: 



Jan. 125 144 138 145 



Feb. 128 153 139 145 



Mar. 136 174 139 142 



April 144 179 142 139 



May 160 181 lol 136 



June 152 168 150 134 



July 142 156 157 134 



Aug. 120 137 162 135 



Sept. 117 127 174 141 



Oct. 116 114 160 143 



Nov. 110 109 150 144 



Dec. 112 108 143 146 



(1) These index numbers are based on retail prices 

 production reported quarterly for March, June, 

 other months are straight interpolations between 



• Preliminary. 



by farmers for commodities used in living and 

 September and December. The indexes for 

 the successive quarterly indexes. 



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