272 CORN 



In the ten year record given above the lowest average price (51.9 

 cents) was recorded in January, and the highest average price (69.9 

 cents) vpas reached in August. The average range then between the 

 highest and lowest prices for the year was 18 cents per bushel. 



A study of the markets for the past fifty j'ears shows that during 

 the months of December, January and February the lowest market 

 price for corn was recorded fort3'-two times, and the highest market 

 price was recorded only eight times. For the months of March, April 

 and May the lowest market price was recorded three times and the 

 highest price fifteen times. For the months of June, July and August 

 the lowest market price was recorded once and the highest market 

 price thirteen times. For September, October and November the 

 lowest market price was recorded four times and the highest market 

 price fourteen times. See following table. 



TABLE NO. 63 

 SHOWING TIME OF HIGH AND LOW PRICES FOR CORN (Fifty-year average) 



Number of times recorded 

 Month Lowest price Highest Price 



January 16 4 



February 8 



March 2 1 



April 1 2 



May 12 



June 1 2 



July .___ 4 



August 7 



September 1 2 



October 3 4 



Nevember 8 



December 18 4 



It is of more than passing interest to note that during the average 

 year approximately forty-five per cent of the corn received at the 

 large markets arrives there during the months of December, January 

 and February. 



GRAIN INSPECTION 



History of Grain Inspection.* Illinois was the first state in the 

 union to provide by law, rules and regulations for the inspection of 

 grain and for registration of warehouse receipts for grain under state 

 supervision. 



•Taken from "The Book of The Board of Trade," 1910. 



