46 
BULLETIN 1480, U. S. DEPARTMENT OF AGRICULTURE 
FARM PRICE OF WHEAT IN NEW YORK, PENNSYLVANIA, 
AND MARYLAND, 1909-1925 
CENTS 
PER 
BUSHEL 
275 
250 
225 
200 
173 
150 
125 
100 
75 
50 
25 
N 
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arylck 
rk Pr 
Ivani 
ndPr 
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i.J.O. J.A.J. O.J.i 
I.O.J.A.J.O.J.A.J.O.J.A.J.O.J.A.J.O. J. A. J.O.J. A. J.OJ 
1909 'JO 'II '12 *J3 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 '26 '27 
Fig. 5. — The farm prices of wheat in Maryland and in Pennsylvania show the following 
plus correlations : 0.975 for the period from 1908 through 1914 ; 0.989 from 1915 
through 1921 ; 0.989 from 1922 through 1924 ; and 0.994 for the entire period from 
1908 to 1925. The plus correlations between Pennsylvania and New York farm prices 
of wheat are 0.974 for the first period; 0.988 for the second period; 0.986 for the 
third period; and 0.994 for the entire period from 1908 to 1925. The average price for 
each of the three periods was higher in New York than in Pennsylvania. This differ- 
ence was greatest in the last period. The average of Pennsylvania prices was slightly 
higher than that of Maryland prices from 1908 to 1914, hut was slightly lower during 
the last two periods. (See Table 23.) 
FARM PRICE OF WHEAT IN ILLINOIS AND INDIANA 
1909-1925 
BUSHEL 
250 
225 
200 
175 
J50 
125 
100 
75 
50 
25 
\ 
ft 
-Farm Price 
Farm Price. 
of Illinois Wheat 
of Indiana Wheat 
& 
A 
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1 
V 
4 
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of iVi> 
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V 
V 
J.AJ.O.J. A.J.O.J.A.J.O.J.A.J.O.J.A.J. O.J.A.J.O.J 
1909 '10 '11 '12 '13- '14 
<VJ.O.J.A.J.O.J.> 
'15 '16 
,.J.O.J.A_I.O.J.AJ.O.J.A.J.O.J.AJ.OJ.A_).O.J.AJ.OJ.AJ.O.J.A.J.O.J.A.J.O.J.AJ.OJ. 
17 18 '19 '20 '21 '22 '23 '24 '25 '26 '27 
Fig. 6. — The farm prices of wheat in Indiana and Illinois show the following plus 
correlations : 0.975 for the period from 1908 through 1914 ; 0.998 from 1915 through 
1921 ; 0.994 from 1922 through 1925 ; and 0.998 for the entire period from 1908 
through 1925. Indiana and Illinois farm prices of wheat have shown a greater spread 
during the last five years, when freight rates have been higher, than they showed 
during either of the previous periods. (See Table 23.) 
