Wholesale Prices Series Volume A A 1-4

Wholesale Prices Series Volume A A 1-4

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1913 edition. Excerpt: ... the simple average method of allowing to each article equal weight, and instead combining the index numbers of similar articles to form one index number, to be used as one article only in calculating the index numbers for groups and for all commodities. Another presentation of the data for the years 1860-1880 in somewhat different form (by quarters) is contained in "Gold Prices and Wages under the Greenback Standard," by Wesley C. Mitchell.' SOURCE OF QUOTATIONS. The wholesale price quotations included in the report were collected mainly by the United States Department of Labor through its corps of agents and experts. In some cases experts employed Report from tbe Committee on Finance of the United States Senate on Wholesale Prices, Wages and Transportation. Mar. 3,1893. 52d Congress, 2d session, Report No. 1394. directly by the committee furnished the data for the tabulation. As a rule, the prices were obtained first hand; that is, from records of actual sales. In the selection of articles for quotations the committee frequently consulted the representatives of leading industries. 'The greatest care was exercised to secure absolutely accurate statements, and the books of merchants and manufacturers were ransacked in order to obtain figures worthy of every confidence."1 BASE PERIOD. It is explained that the year 1840 was not used as a base because a statement based on that year "would have rendered comparatively useless for purposes of comparison all the articles the quotations for which begin later than 1840."J For this reason the year 1860, which would include most of the figures presented, was considered preferable. Moreover, it was believed that "the year 1860 represents a period in our industrial...
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Product details

  • Paperback | 216 pages
  • 189 x 246 x 12mm | 395g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236567439
  • 9781236567437