4 MASS. EXPERIMENT STATION BULLETIN 365 



The 1935 Price Level 



The monthly average product-cost ranged from $2.58 per hundredweight 

 (5.5 cents per quart) in June to $2.99 per hundredweight (6.5 cents per quart) 

 in November. The monthly product-costs are given in table 1 and the movement 

 is illustrated by figure 2. 



The upward change in the price level which came in March was caused chiefly 

 by an increase of 46.5 cents per hundredweight in the price of Class I milk, 

 efTective March 10, 1935. The level continued upwards in April despite a slight 

 reduction in the proportion of milk sold as fluid. During that month, the advance 

 in the Class I price was eff^ective for two full pay periods, and in addition the 

 Class II price advanced slightly. 



With the exception of the upward movement which took place in the early 

 spring, the variation in the price level followed a somewhat typical course. 



Cents per hundredweight 



or 

 Thousands of pounds 



Per cent 

 100 



80 



70 



60 



50 



40 



JFMAMJJASOND 

 Months 



Figure 2. The Monthly Average Product-Cost of Market Receipts 

 Springfield Market Area— 1935 



