"c VAR 0148 04120 WP ROSIN R 901-951 MD= 1E-37 " "c REF 0148 LOC 1293 WIDTH 9 DK 21 COL 35-43 " "c EXP DEC= 2 " "c " "c WHOLESALE PRICE OF GUM ROSIN, GRADE H, SAVANNAH " "c ----------------------------------------------- " "c " "c NBER SERIES: 04120 " "c AREA COVERED: U.S. " "c UNITS: DOLLARS PER BARREL OF 280 POUNDS. " "c ANNUAL COVERAGE: NONE " "c QUARTERLY COVERAGE: NONE " "c MONTHLY COVERAGE: 01/1901-08/1914, 11/1914-10/1920, " "c 03/1921-09/1951 " "c SEASONAL ADJUSTMENT: NONE " "c SOURCE: SAVANNAH NAVAL STORES REVIEW AND JOURNAL OF TRADE " "c " "c NOTES: SERIES 04120 IS PRESENTED HERE AS TWO " "c VARIABLES--(1)-- ORIGINAL DATA, 1901-1951 (2)-- ORIGINAL DATA," "c 1948-1958. " "c NO ACTIVITY AUGUST-OCTOBER, 1914. " "c DATA WERE COMPUTED BY NBER BY TAKING THE AVERAGE OF THE " "c CLOSING QUOTATIONS FOR THE TWO SATURDAYS NEAREST THE END OF " "c THE MONTH. WHEN THE LAST DAY OF THE MONTH IS A SATURDAY, " "c THE AVERAGE OF THAT SATURDAY, THE PRECEEDING SATURDAY, AND " "c THE FOLLOWING SATURDAY WAS TAKEN. " "c FOR THE PERIOD JANUARY, 1901-MARCH, 1903 NO FRIDAY OR " "c SATURDAY PRICES ARE AVAILABLE. THE AVERAGES SHOWN WERE " "c COMPUTED FROM CLOSING PRICES QUOTED ON CERTAIN DATES " "c CORRESPONDING TO THE FRIDAY DATES OF THE CROP YEAR " "c 1903-1904. " "c THERE ARE NO QUOTATIONS FOR 11/1920-02/1921. THE LAST " "c FIGURES TO APPEAR ARE 11/6/20=11.60 AND 11/13/20=11.00. THE " "c NEXT FIGURE TO APPEAR WAS 4.25 ON 3/19/21. SURVEY OF " "c CURRENT BUSINESS GIVES 11.25 FOR 11/1920, 11.00 FOR 12/1920, " "c 11.00 FOR 01/1921, 11.00 FOR 02/1921, AND 6.80 FOR 03/1921. " "c THESE WERE CONTINUING THE LAST GIVEN QUOTATION (OF 11/13/20) " "c AND EVIDENTLY INCLUDED THE FIGURE 11.00 IN ITS MARCH, 1921 " "c AVERAGE. (NBER NOTE) " "c ON JULY 5, 1940, THE SALE OF ROSIN ON THE 100 POUND NET " "c WEIGHT BASIS WENT INTO EFFECT, REPLACING THE OLD SYSTEM OF " "c SALES OF UNITS OF 280 POUNDS GROSS WEIGHT OR 230 POUNDS NET " "c WEIGHT. A CONVERSION FACTOR (SURVEY OF CURRENT BUSINESS, " "c 1942 SUPPLEMENT, P.217) OF 2.324 HAS BEEN USED FOR " "c CONTINUING THE SERIES. " "c IN MARCH, 1946, THE SAVANNAH NAVAL STORES REVIEW WAS " "c TAKEN OVER BY A PUBLISHER IN JACKSONVILLE, FLORIDA AND WAS " "c LATER ON MOVED TO NEW ORLEANS, LOUISIANA. THE WORD SAVANNAH " "c WAS DROPPED FROM THE TITLE AND THE PUBLICATION WAS CALLED " "c NAVAL STORES REVIEW. " "c THERE WERE NO MORE REGULAR QUOTATIONS AT THE SAVANNAH " "c COTTON AND NAVAL STORES EXCHANGE AFTER SEPTEMBER, 1951. THE " "c EXCHANGE WAS AT THAT TIME INVOLVED IN AN ANTI-TRUST ACTION " "c WHICH, ACCORDING TO THE ISSUE OF OCTOBER 6, 1951, WAS " "c SETTLED BY A CONSENT DECREE UNDER WHICH THE RULES AND " "c REGULATIONS OF THE EXCHANGE WERE TO BE CHANGED AND SALES " "c WERE TO BE REPORTED TO THE UNITED STATES DEPARTMENT OF " "c AGICULTURE. IT WAS ALSO ESTABLISHED THAT MEMBERS COULD NOT " "c BE BUYERS AND SELLERS AT THE SAME TIME. THERE IS EVIDENCE " "c SUGGESTING THAT PRICES FOR SOME TIME HAD NOT ACCURATELY " "c REPRESENTED MARKET CONDITIONS AND TRADING BUT HAD BEEN " "c ESTABLISHED ON THE BASIS OF ONLY A PART OF THE SALES. THE " "c REVIEW OF APRIL 5, 1952 SPEAKS OF"STALE QUOTATIONS." " "c TABULATION OF THE SAVANNAH NAVAL STORES MARKET WAS DROPPED " "c FROM THE REVIEW AFTER THE ISSUE OF DECEMBER 27, 1952. " "c " "c CHECKED MANUALLY; NO CORRECTIONS NECESSARY. " "c " "c ............................................................... " -12 1901.01 1951.12 1.52000 1.48000 1.50000 1.45000 1.50000 1.38000 1.30000 1.24000 1.25000 1.32000 1.50000 1.40000 1.48000 1.51000 1.52000 1.55000 1.60000 1.70000 1.62000 1.74000 1.65000 1.75000 1.80000 2.00000 2.28000 2.40000 2.40000 2.25000 2.40000 2.25000 2.23000 2.45000 2.68000 2.60000 2.38000 2.38000 3.05000 2.62000 2.70000 2.70000 2.88000 3.04000 2.68000 2.74000 2.75000 2.82000 2.80000 2.94000 3.12000 3.25000 3.30000 3.35000 4.41000 3.70000 4.04000 4.18000 4.63000 4.80000 3.90000 3.72000 3.84000 4.25000 4.15000 4.32000 4.25000 4.37000 4.28000 4.55000 4.24000 4.18000 4.16000 4.24000 4.24000 4.48000 4.59000 4.80000 4.92000 4.95000 4.82000 4.75000 4.54000 4.02000 3.03000 2.91000 3.86000 3.47000 3.88000 3.76000 3.70000 3.78000 3.51000 3.32000 3.35000 3.42000 3.40000 3.39000 3.37000 3.50000 3.52000 4.05000 4.08000 4.10000 4.16000 4.25000 4.52000 4.22000 4.15000 4.22000 4.51000 4.66000 4.85000 5.03000 5.06000 5.33000 5.92000 6.07000 6.41000 6.01000 5.79000 6.09000 6.86000 7.40000 8.38000 7.48000 7.02000 6.65000 6.36000 6.58000 6.61000 6.58000 6.24000 7.03000 6.60000 6.75000 7.14000 6.81000 7.32000 6.96000 6.81000 6.60000 6.52000 6.35000 5.76000 5.63000 6.22000 6.60000 5.40000 4.70000 4.78000 4.22000 4.01000 3.94000 3.68000 3.57000 3.62000 3.74000 4.10000 4.01000 4.05000 4.12000 4.20000 4.00000 3.72000 NA NA NA 3.38000 3.26000 3.22000 3.08000 3.08000 3.70000 3.14000 3.40000 3.16000 3.10000 3.45000 4.73000 5.76000 5.54000 5.40000 4.92000 4.98000 4.20000 4.98000 5.30000 6.48000 6.22000 6.23000 6.35000 6.35000 6.30000 6.22000 6.09000 5.60000 5.90000 5.91000 5.58000 5.18000 5.26000 6.12000 6.19000 6.50000 6.09000 6.12000 5.88000 5.35000 5.55000 7.65000 10.0200 10.3600 12.1200 14.2500 14.5000 14.6800 13.0000 13.3000 13.3000 13.3000 11.6100 11.1700 15.3600 18.2500 18.1800 16.1000 16.8000 16.7500 16.5100 18.1000 17.6000 17.5800 17.6400 16.7000 14.8400 13.7800 12.2000 11.5000 11.4800 NA NA NA NA 3.60000 4.37000 3.88000 3.60000 3.64000 4.10000 4.48000 4.44000 4.22000 4.02000 4.04000 4.08000 4.02000 4.22000 4.94000 4.92000 5.10000 5.14000 5.50000 5.66000 5.12000 4.98000 4.70000 4.91000 5.05000 4.80000 4.82000 4.72000 4.71000 4.57000 4.54000 4.43000 4.25000 4.34000 4.66000 4.64000 4.82000 4.67000 4.78000 4.54000 4.74000 4.94000 5.36000 6.25000 6.18000 6.46000 7.11000 6.80000 7.10000 8.05000 8.40000 8.29000 9.09000 11.5200 14.3400 14.2300 13.2500 12.4200 13.2500 12.6200 12.5200 11.1000 11.0200 12.3400 13.6500 14.1000 13.4000 11.5200 11.1400 10.5800 11.5000 10.3800 9.75000 9.08000 8.75000 7.68000 8.76000 8.70000 7.98000 7.02000 6.65000 8.05000 8.09000 8.40000 8.54000 7.88000 7.31000 8.42000 8.26000 7.86000 7.82000 8.02000 8.36000 8.28000 8.15000 8.12000 7.64000 7.22000 7.19000 7.25000 7.38000 7.51000 7.99000 7.90000 7.25000 7.18000 7.28000 7.38000 7.24000 6.28000 5.92000 5.17000 4.32000 4.65000 4.34000 4.15000 4.42000 4.05000 4.32000 4.31000 4.79000 4.70000 5.18000 4.90000 3.02000 2.88000 2.68000 2.72000 2.70000 2.55000 2.54000 2.96000 2.84000 2.79000 2.63000 2.24000 2.26000 2.75000 2.92000 2.64000 2.58000 2.61000 2.80000 2.80000 2.70000 3.25000 3.46000 3.70000 3.90000 3.95000 3.80000 3.80000 3.77000 3.90000 4.45000 5.22000 5.10000 4.90000 4.66000 4.25000 4.18000 4.28000 4.38000 4.45000 4.50000 4.40000 4.70000 4.70000 4.38000 4.47000 4.50000 4.26000 4.06000 4.02000 4.35000 4.72000 4.39000 4.38000 4.35000 4.58000 4.40000 4.30000 4.44000 4.75000 5.82000 5.94000 6.04000 6.51000 8.00000 9.72000 9.66000 9.32000 8.14000 8.10000 8.05000 8.01000 7.77000 7.98000 7.72000 6.55000 5.57000 5.81000 5.80000 4.52000 4.89000 4.55000 4.24000 4.65000 4.74000 4.22000 4.84000 5.18000 4.22000 4.50000 5.15000 5.38000 5.42000 4.95000 4.78000 5.02000 5.20000 4.93000 5.44000 5.54000 5.45000 5.30000 5.42000 5.55000 5.32000 4.70000 4.30000 3.70000 3.39000 3.97000 3.65000 4.18000 4.16000 3.93000 3.93000 3.93000 4.30000 4.18000 4.35000 4.42000 5.58000 5.76000 5.72000 5.69000 6.60000 6.93000 7.58000 7.39000 6.86000 6.74000 6.60000 7.44000 6.88000 7.16000 8.04000 8.09000 7.95000 8.11000 8.02000 8.41000 8.18000 8.16000 8.27000 8.32000 9.13000 9.32000 9.25000 9.55000 9.39000 9.39000 9.67000 10.5700 11.0200 10.6900 12.1300 13.0600 12.9700 12.3900 12.9400 13.5000 13.5000 13.5000 13.5000 13.5000 13.5000 13.5000 13.5000 13.5000 13.5000 15.7100 15.7100 15.7100 15.7100 15.7100 15.7100 15.7100 15.7100 15.7100 15.7100 15.8700 15.9400 16.0600 17.8700 18.3100 18.5000 18.8500 22.3100 22.4300 22.4300 18.4800 18.9600 15.9900 15.7300 15.9200 17.9400 20.4000 21.0100 20.8000 20.4700 17.0600 16.1300 16.1100 17.2700 16.9700 17.0100 16.9900 17.4300 18.0100 17.9400 17.6600 16.6200 15.2000 13.4300 14.0800 14.7800 15.0600 14.9700 15.2500 15.4800 15.2500 15.1100 14.8300 14.8500 14.2000 13.6400 12.4300 11.5300 11.9700 13.4800 14.8300 14.7300 17.5700 18.4500 18.8900 20.4300 20.4300 20.4300 20.4300 20.4300 20.2200 19.2900 19.6400 20.6800 NA NA NA