Treasury Department's Index Number for January: Increase Over December and Last January: A Comparison with 1913
In publishing the January index September, 1919, i.e. these prices umber of whol rices in Shang- taken as 100. Consequently, it canhai the Tr partmient's not afford itself as a standard m Bureau of Mark: j comparison with the pre-war period, The last Wednesday of January and can in no way show the in occurred in the Chinese New Year fluence of the Great War upon As there weve no trans-, market prices in the Far East. actually taking place,! With a view to remedying this de and accordingly no wholesale Prest (extend we have undertaken to of commodities quoted during that }extend it as far back as February, period, ow index number for 1913, and the current prices of 147 uary has to be based on the third selected articles at the beginning of instead. It totals 11i:9,{that month, were carefully investi-marking 1.8 per cent. ov ted and collected. The bottom ber, and 7.7 per cent. ov line of the following table was com-1921, and is the highest point since puted upon this new basis, which September, 1919. except last August. shows that the prices of the pre-war of which the number is justi equal) period at Shangh were nearly 50} to that under review. per cent. below that of The basis of our index numb, times. as has been mentioned sev times Our monthly numbers since Jan-before. the average ces of wary, 1921, are given below Miscellauecus Ss Last Wed.
Cereals 22
Text read from the printed page and cleaned; old type leaves the occasional error.