PRICES OF FARM PRODUCTS. 

 MONEY AND PRICES. 



Index numbers of monetary circulation, bank deposits, wholesale 

 prices, and farm prices are shown in Table III. The close relation- 

 ship between prices and money is shown. At first bank deposits 

 advanced more rapidly than prices, but the index numbers for prices 

 later rose to a higher point than bank deposits. 



NDEX NUMBERS OF MONETARY CIRCULATION, 

 BANK DEPOSITS AMD WHOLESALE PRICES 



FIVE YEAR AVERAGE, 1910-1914 = 100 



200 



ISO 



100 



50 



& 



A 





r - T" 



v9^ I a^.'l 



200 



150 



100 



o _ OJ CO 



CX) Ol &> (D 



co o> 



50 



CT> C7> CT) <D <T> Cfl <J» 



Fig. 3. — Monetary circulation, bank deposits, and wholesale prices in the United States. 



Table III. — Monetary circulation, bank deposits, and ivholesale prices in the United 



States. 



[All index numbers 1910-1914=100.] 



Year. 



Monetary circula- 

 tion. 1 



Bank deposits. 1 



Index No. 

 wholesale 



prices 

 (Table 1). 



Index No. 

 of weighted 



average 

 prices of 31 

 farmprod- 

 ucts (table 



XVIII). 



Circulation 



(000,000 

 omitted). 



Index 

 No. 



Deposits 



(000,000 



omitted). 



Index 

 No. 



1910 



3,102 

 3,214 

 3, 285 

 3,364 

 3,402 

 3,569 

 4,024 

 4,764 

 5,379 

 5,766 

 6,088 



95 

 98 

 100 

 103 

 104 

 109 

 123 

 146 

 164 

 176 

 186 



15, 283 

 15, 906 

 17, 024 

 17, 476 

 18,518 

 19, 226 

 22, 878 

 26,290 

 27, 932 

 32, 703 

 37, 860 



91 

 94 

 101 

 104 

 110 

 114 

 136 

 156 

 166 

 194 

 225 



99 

 98 

 101 

 102 

 102 

 102 

 126 

 178 

 200 

 219 

 250 



104 



96 



99 



99 



100 



100 



118 



179 



203 



212 



216 



1911 



1912 



1913 



1914 



1915 



1916 



1917 



1918 



1919 



1920 





i U. S. Statistical Abstract, p. 754, 1919; Report Comptroller of Currency, pp. 22 and 



262. 1920. 



