PRICES OF FARM PRODUCTS. 
15 
The average July 1 price of wheat before the war was 87.4 cents. 
This year (1921) it was 112.2 cents, or 128 per cent of the average 
before the war. 
1,1 ' • ' " 
WHOLESALE PRICES OF CHEESE 
250 
200 
150 
100 
50 
> 
250 
200 
ISO 
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4 
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ILL 
, A. J.O.J A JO. J A J J A JO. J A J O.J A J OJ. A.J O. J.A.J. 0. J. A J O. J. A J O.J. A.. J, p. J A. J O.J. A J. O.J. A. J O.J. A JO. J. A J O.J. A J O.J. A.J. O. ~"" 
1861 1852 1863'. 1884 1865 1866 1867 1868 1869 1870 (671 S872 1873 1874 1875 1876 1877 1876 < 
1914 1915 1916 19 f 7 1918 1919 1920 1921 
Fig. 9.— Prices of cheese, Civil War and World War periods, and wholesale prices of all commodities during 
the Civil War. Five-year average before the war is in all eases 100. 
Nearly all farm products have decided seasonal variation in price, 
so that May prices must be compared with May and January with 
January. This method is followed in all cases (Table XVIII, pp. 47 
to 55)." 
WHOLESALE PRICES OF EGGS 
250 
200 
150 
1 
100 
50 
r 
250 
200 
150 
100 ' 
50 
5 
I 
A k 
is 
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or 
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1 1 1 
1 1 1 
1 1 1 
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1 1 1 
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1 1 1 
1 1 1 
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Vz 
1861 
1914 
1862 
5915 
1863 
1916 
1864 
1917 
1865 
1918 
1866 1867 1368 J869 
1919 1920 19211 
1870 
1871 
1872 
1873 
1674 
1875 
1876 
1877 
1878 
Fig. 10.— Prices of eggs, Civil War and World War periods, and wholesale prices of all commodities during 
the Civil War. Five-year average before the war is in all cases 100. At each war period eggs were rel- 
ative!}' cheap for several years. After the Civil War a reaction to relatively high prices occurred. 
The weighted index number for 31 farm products was obtained 
by multiplying the price index by the approximate percentage that 
each product represents of the total farm sales. For example, 
cotton is given a weight of 16.9 and buckwheat 0.2. The un- 
