8 BULLETIN 990, TJ. S. DEPARTMENT OF AGRICULTURE. 



Table V. — Farm value and purchasing poiuer of hogs and horses in the United States. 1 



Year. 



Horses. 



Hogs. 



Value 

 per head 



currency 

 Jan. 1. 



1867. 

 186S. 

 1869. 

 1870. 

 1871. 

 1872. 

 1873. 

 1874. 

 1875. 

 1876. 

 1877. 

 1878. 

 1879. 

 1880. 

 1881. 

 18S2. 

 18S3. 

 1884. 

 1885. 

 1886. 

 1887. 

 1888. 

 18S9. 

 1890. 

 1S91. 

 1892. 

 1893. 

 1894. 

 1895. 

 1S96. 

 1897. 

 1898. 

 1899. 

 1900. 

 3901. 

 1902. 

 1903. 

 1904. 

 1905. 

 1906. 

 1907. 

 1908 

 1909. 

 1910 

 1911 

 1912 

 1913 

 1914 

 1915 

 1916 

 1917 

 1918 

 1919 

 1920 

 1921 



S79. 



75. 



84. 



81. 



78. 



73. 



74. 



72. 



68. 



64. 



59. 



57. 



52. 



54. 



58. 



58. 



70. 



74. 



73. 



71. 



72. 



71. 



71. 



68. 



67. 



65. 



61. 



47. 



36. 



33. 



31. 



34. 



37. 



44. 



52. 



58. 



62 



67. 



70. 



80. 



93. 



93. 



95. 

 108. 

 111. 

 105. 

 110. 

 109. 

 103. 

 101. 

 102 

 104 



98 



94. 



82. 



Index 



number 



of value 



per head 



(1910- 



1914= 



100). 



72 

 67 

 69 

 67 

 63 

 59 

 54 

 53 

 48 

 50 

 54 

 54 

 65 

 68 

 68 

 65 

 66 

 66 

 66 

 63 

 61 

 60 

 56 

 44 

 33 

 30 

 29 

 31 

 34 

 41 

 48 

 54 

 57 

 62 

 65 

 74 

 86 

 86 

 88 

 99 

 102 

 97 

 102 

 100 

 95 

 93 

 94 

 96 

 90 

 87 

 76 



Purchas- 

 ing 

 power 

 (1910- 

 1914= 

 100). 



90 

 94 

 99 



105 

 99 



100 

 99 

 95 

 83 

 62 

 51 

 44 

 34 

 42 



Value 

 per head 



in 

 eurrencv 



Jan. 1. 



15. 42 

 4.56 

 6.31 

 7.04 

 6.21 

 4.37 

 4.14 

 4.43 

 5.40 

 6.77 

 6.02 

 4.95 

 3.18 

 4.28 

 4.70 

 5.97 

 6.75 

 5.57 

 5.02 

 4.26 

 4.48 

 4.98 

 5.79 

 4.72 

 4.15 

 4.60 

 6.41 

 5.98 

 4.97 

 4.35 

 4.10 

 4.39 

 4.40 

 5.00 

 6.20 

 7.03 

 7.78 

 6.15 

 5.99 

 6.18 

 7.62 

 6.05 

 6.55 

 9.17 

 9.37 

 8.00 

 9.86 

 10.40 

 9.87 

 8.40 

 11.75 

 19.54 

 22.04 

 19.01 

 12.99 



Index 



number 



of value 



per head 



(1910- 



1914= 



100). 



58 

 49 

 67 

 75 

 66 

 47 

 44 

 47 

 58 

 72 

 64 

 53 

 34 

 46 

 50 

 64 

 72 

 60 

 54 

 46 

 48 

 53 

 62 

 50 

 44 

 49 

 6S 

 64 

 53 

 46 

 44 

 47 

 47 

 53 

 66 

 75 

 83 

 66 

 64 

 66 

 81 

 65 

 70 

 98 

 100 

 85 

 105 

 111 

 105 

 90 

 126 

 209 

 235 

 203 

 139 



Purchas- 

 ing 

 power 

 (1910- 

 1914= 

 100). 



36 

 33 

 48 

 57 

 54 

 38 

 36 

 39 

 50 

 66 

 63 

 56 

 39 

 51 

 53 

 67 

 76 

 65 

 63 

 55 

 58 

 64 

 74 

 61 

 54 

 62 

 89 

 87 

 76 

 68 

 66 

 69 

 65 

 64 

 81 

 90 

 95 

 77 

 75 

 73 

 85 

 68 

 75 

 98 

 103 

 87 

 104 

 109 

 106 

 80 

 82 

 111 

 115 

 80 

 77 



i Prices as reported by the Department of Agriculture are converted to currency during 

 the Civil War period by using the premiums on gold as given by the Treasury Depart- 

 ment. The index number of wholesale prices is on a currency basis; therefore the prices 

 of hogs and horses are reduced to a currency basis. 



Note. — Purchasing power is calculated by dividing the price index by the index num- 

 ber of wholesale prices for January 1. For years before 190n a January number is not avail- 

 able.' The yearly average for the vear and preceding vear is then used (Tables I and II). 

 (See also footnote 2, Table I.) 



If the production of horses is not profitable, the raising of colts is 

 checked, but usually the prices drop moderately for a year or more 

 before prices clearly indicate overproduction. It is a year after the 



