r



82 BUSINESS BAROBCETERS

1906

Wheat $0,865 per bu,; com $0.56 per bu.;
cotton $0,115 per lb.; sugar $0.0526 per lb.;
wool $0.33 per lb.; iron $20.98 per ton; cop-
per $0.1961 per lb.; rubber $1.2131 per lb.;
pork $20.00 per bbl.; coffee $0.0811 per lb.
1907

Wheat $0,963 per bu.; com $0.64 per bu.;
cotton $ai2i per lb.; sugar $0.0465 per lb.;
wool $0.34 per lb.; iron $23.89 per ton.; cop-
per $0.2125 per lb.; mbber $1.0633 P^r lb.;
pork $17.56 per bbl. ; coffee $0.0658 per lb.
CHAPTER IV.
]?UNDAMENTAL STATISTICS O? USE IN DETERMIN-
ING WHEN TO BUY AND SELL.
shown in the first chapter of this
book, the study of Comparative
Statistics is of little value for ascer-
taining the best time to buy or to
sell, and one must resort to Fun-
damental Statistics.
In approaching the work, although other meth-
ods may seem sufficient for a general view of the
conditions, the need of direct and definite results
leads the student to seek a systematic, compre-
hensive, and uniform practice, so that a basis of
comparison, from period to period, may be estab-
lished at the outset. The course usually followed
by the leading statisticians when studying Funda-
mental Statistics is to collect data, covering a
long period of years, and relating to the following
twenty-five subjects under twelve headings;
Moreover, these twelve headings correspond al-
most identically with the twelve subjects men-
tioned in chapter III.
I. Building and Real Estate

I. BUILDING OPERATIONS (WITH FIRE LOSSES),



64 BUSINESS BAROBIETERS

and Real Estate Operations as (Barom-
eters of the country's property growth.
II. Money Conditions

2. MONEY IN CIRCULATION.
3. comptroli^er's reports (this is the only
one of the twenty-five subjects for which
no figures can be obtained monthly).
