"c VAR 0103 04007 WP CATTL R 858-940 MD= 1E-37 " "c REF 0103 LOC 888 WIDTH 9 DK 14 COL 71-79 " "c EXP DEC= 2 " "c " "c WHOLESALE PRICE OF CATTLE, CHICAGO " "c ---------------------------------- " "c " "c NBER SERIES: 04007 " "c AREA COVERED: U.S. --CHICAGO " "c UNITS: DOLLARS PER HUNDRED POUNDS " "c ANNUAL COVERAGE: NONE " "c QUARTERLY COVERAGE: NONE " "c MONTHLY COVERAGE: 01/1858-12/1940 " "c SEASONAL ADJUSTMENT: NONE " "c SOURCE: FOR 1858-1904, ANNUAL REPORTS OF CHICAGO BOARD OF " "c TRADE, FOR 1900-1940, UNITED STATES DEPARTMENT OF " "c AGRICULTURE, AGRICULTURAL STATISTICS AND YEARBOOK OF " "c AGRICULTURE. " "c " "c NOTES: DATA FOR 1858-1904, FROM ANNUAL REPORTS OF CHICAGO " "c BOARD OF TRADE ARE GIVEN IN SOURCE BY WEEKS, THAT IS THE LOW " "c AND HIGH FOR EACH WEEK ENDING SATURDAY IS GIVEN. MONTHLY " "c AVERAGES HAVE BEEN COMPUTED BY NBER BY AVERAGING ALL THE " "c WEEKLY HIGHS AND LOWS FALLING WITHIN ANY ONE MONTH. THE " "c USUAL BUREAU 3-4 METHOD (INCLUDING A WEEK ENDING ON THE 3RD " "c AS FALLING WITHIN THE PAST MONTH) HAS NOT BEEN FOLLOWED IN " "c THIS SERIES. THIS NEW PRECEDENT IS TAKEN FROM H.A. WALLACE, " "c "AGRICULTURAL PRICES," WHERE THIS METHOD IS USED. " "c WHERE FIGURES ARE OMITTED IN THE SOURCE, WHETHER HIGHS " "c OR LOWS, THE MISSING FIGURES HAVE BEEN FILLED BY THE AVERAGE " "c OF THE REMAINING HIGHS OR LOWS, RESPECTIVELY, THUS GIVING " "c ALWAYS EQUAL WEIGHTS TO THE NUMBER OF HIGH AND LOW " "c QUOTATIONS. " "c THE GRADES QUOTED CHANGE FROM TIME TO TIME, BUT EXCEPT " "c IN 1900, THEY APPEAR TO BE COMPARABLE, THIS SOMETIMES SHOWN " "c BY OVERLAPS. THE CHANGE FROM 1899 TO 1900 WAS A JUMP OF " "c SEVERAL GRADES, THAT IS, FROM 5-A TO 2-A, THUS MAKING THE " "c 1900 DATA ON ON TOO HIGH A LEVEL TO BE COMPARABLE WITH " "c PREVIOUS DATA. THEREFORE, FROM 1900 ON, THE UNITED STATES " "c DEPARTMENT OF AGRICULTURE FIGURES SHOULD BE USED. THESE " "c DATA REFER TO MONTHLY AVERAGE PRICES FOR NATIVE BEEF STEERS, " "c ALL WEIGHTS, 750-1800 POUNDS, COMPILED BY THE CHICAGO DAILY " "c DROVERS JOURNAL. BEGINNING WITH JANUARY, 1922, THEY ARE " "c AVERAGE PRICES OF ALL GRADES COMPILED BY UNITED STATES " "c DEPARTMENT OF AGRICULTURE -- NATIVE, EXCLUDING WESTERN. " "c THE GRADES AND PERIODS FOR THE CHICAGO BOARD OF TRADE " "c FIGURES ARE AS FOLLOWS: 1858, NO DESCRIPTION, PROBABLY FAIR " "c TO CHOICE; 1859-1873, FAIR TO CHOICE, 3-1; 1874-1875, COMMON " "c TO CHOICE, 4-1; 1876-1878, GOOD TO CHOICE, 2-1; 1879-1884, " "c FAIR TO CHOICE, 3-1; 1885, COMMON TO CHOICE, 4-1; 1886-1899, " "c INFERIOR TO PRIME, 5-A1; 1900-1904, GOOD TO EXTRA, 2-A1. THE " "c CLASSIFICATIONS USED ARE: PRIME OR EXTRA, A1; CHOICE, 1; " "c GOOD, 2; MEDIUM OR FAIR, 3; COMMON, 4; INFERIOR, 5. " "c " "c CHECKED MANUALLY; NO CORRECTIONS NECESSARY. " "c " "c ............................................................... "