-57 
Relation of Quantity of Apples Marketed to Prices 
In research studies made on large markets such as 
New York City and Boston covering 30 to 30 years it has 
been found that there is a definite correlation between 
the quantity of apples received and the price per barrel. 
During the months and years when receipts were highest 
the price per barrel dropped below the average for the 
previous year of low receipts and vice versa. The ac— 
companying charts of these two markets show this very 
clearly. On the New York market the average price for 
the second ten year period, 1903-1913, was §3.87, and 
for the first period, 1893-1903, §3.63 per barrel. The 
latter period occurred when there was a rising price 
level. For each year the change in price reflected the 
change in annual receipts of apples. 
The same applied to the Boston market for which 30 
years' statistics were obtained. On this market the 
price for the first 10-year period, 1885-1895, was §3,43 
per barrel, for the second, 1895-1905, it was $2.33, and 
for the third, 1905-1915, $3.67 per barrel. Receipts 
reached their maximum in the year 1903-03 and were great¬ 
est during the second period, 1895-1905, when the average 
price was lowest. The third period coming when the price 
level was rising showed greater receipts and a higher av¬ 
erage price than during the first period. The accompanying 
chart shows a definite correlation between the quantity 
received and the average yearly price per barrel. 
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