8 BULLETIN 990, U. S. DEPARTMENT OF AGRICULTURE. 
Table Y.—Farrn value and purchasing power of hogs and horses in ike United States. 1 
1S67. 
1868. 
1869. 
1870. 
1871. 
1-72. 
1873. 
1874. 
1875. 
1876. 
1877. 
1878. 
1S79. 
1880. 
1881. 
1SS2. 
1883. 
1884. 
1885. 
1SS6. 
1887. 
1888. 
1889. 
1890. 
1891. 
1892. 
1893. 
1894. 
1895. 
IW,. 
lv"'7. 
1898. 
1899. 
1900. 
1901. 
1902. 
1903. 
1904. 
1905. 
1906. 
1907. 
I ' 8. 
1909. 
1910. 
1911. 
1912. 
1913. 
1914. 
1915. 
1916. 
1917. 
191S. 
1919. 
1920. 
1921. 
Year. 
Horse; 
Hogs. 
Value 
per head 
in 
currency 
Jan. 1. 
879. 48 
75.16 
84.84 
81.79 
78. 75 
73. 54 
74.82 
72. 58 
6a 74 
64.62 
59.35 
57.82 
52.36 
54.75 
58. 44 
58. 53 
70. 59 
74.64 
73.70 
71.27 
72. 15 
7L82 
3TL89 
68. 84 
67.00 
65. 01 
61. 22 
47. 83 
36.29 
33. 07 
31.51 
34.26 
37.40 
- 44.61 
52.86 
58. 61 
62. 25 
67. 93 
70. 37 
80.72 
93. 51 
93. 41 
95.64 
108. 03 
111. 46 
105. 94 
110. 77 
109. 32 
103.33 
101. 60 
102. 89 
104. 24 
98.48 
94.39 
82. 45 
ntfmler *-*- 
of value * J ^ pr per head 
per head J™ 
1914= 
100). 
99 
102 
97 
102 
100 
95 
93 
94 
98 
90 
87 
76 
Value 
iJJ 1 ^ currency 
100)7 Jan - r 
105 
99 
100 
99 
95 
83 
62 
51 
44 
34 
42 
?5.42 
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 
4.9^ 
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 
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), 
Purchas- 
ing 
power 
(1910- 
1914= 
100). 
5S 
49 
67 
75 
68 
47 
44 
47 
58 
72 
64 
53 
34 
46 
50 
64 
72 
60 
54 
46 
48 
53 
62 
50 
44 
49 
68 
64 
53 
46 
44 
47 
47 
53 
75 
83 
66 
64 
66 
81 
65 
70 
98 
100 
85 
105 , 
HI I 
105 
90 
126 
209 
235 
203 
139 
103 
87 
104 
109 
106 
SO 
82 
111 
115 
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 1903 a January number is not avail- 
able. The yearly average for the year and preceding year is then used (Tables I and II). 
rSee 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 
