Wholesale Price of Steel Rails for Pennsylvania

1941-06: 40.0 Dollars Per Long Ton (+ see more) 
Monthly, Not Seasonally Adjusted, M04181US000PAM288NNBR, Updated: 2012-08-16 2:54 PM CDT
Click and drag in the plot area or select dates: Select date:   1yr | 5yr | 10yr | Max   to

Quotations Are Averages Of Weekly Quotations From Iron Age. In November, 1921,"Bessemer" Steel Rails And "Open-Hearth" Became Identical. Prior To This Date A Constant Differential Of $2.00 Existed Between The Two, Open-Hearth Being The Higher. The Extra $2.00 A Long Ton, Which Was For Many Years Charged For Open Hearth Rails, Was Annulled With The Rail Price Announced On October 22, 1921. (The $2.00 Differential Persisted During The Last Week Of October, However, But The Prices Of Bessemer And Open-Hearth Coincided Beginning In November. From 1868-1921, The Bessemer Price Was Used. The Figure Given Through 1918 (55.0) Was The Maximum Price Allowed By Government. Source: American Iron And Steel Institute, Annual Reports; Iron Age; Bls Bulletins And "Wholesale Prices."

This NBER data series m04181 appears on the NBER website in Chapter 4 at http://www.nber.org/databases/macrohistory/contents/chapter04.html.

NBER Indicator: m04181

Source: National Bureau of Economic Research

Release: NBER Macrohistory Database

Growth Rate Calculations | US recession dates

Restore defaults | Save settings | Apply saved settings











    w   h
Graph Background: Plot Background: Text:
   




Color:



  
(a) Wholesale Price of Steel Rails for Pennsylvania, Dollars Per Long Ton, Not Seasonally Adjusted (M04181US000PAM288NNBR)
Quotations Are Averages Of Weekly Quotations From Iron Age. In November, 1921,"Bessemer" Steel Rails And "Open-Hearth" Became Identical. Prior To This Date A Constant Differential Of $2.00 Existed Between The Two, Open-Hearth Being The Higher. The Extra $2.00 A Long Ton, Which Was For Many Years Charged For Open Hearth Rails, Was Annulled With The Rail Price Announced On October 22, 1921. (The $2.00 Differential Persisted During The Last Week Of October, However, But The Prices Of Bessemer And Open-Hearth Coincided Beginning In November. From 1868-1921, The Bessemer Price Was Used. The Figure Given Through 1918 (55.0) Was The Maximum Price Allowed By Government. Source: American Iron And Steel Institute, Annual Reports; Iron Age; Bls Bulletins And "Wholesale Prices."

This NBER data series m04181 appears on the NBER website in Chapter 4 at http://www.nber.org/databases/macrohistory/contents/chapter04.html.

NBER Indicator: m04181

Wholesale Price of Steel Rails for Pennsylvania
   

  

Integer Period Range: to copy to all
Create your own data transformation: [+]

Need help? [+]

Use a formula to modify and combine data series into a single line. For example, invert an exchange rate a by using formula 1/a, or calculate the spread between 2 interest rates a and b by using formula a - b.

Use the assigned data series variables above (e.g. a, b, ...) together with operators {+, -, *, /, ^}, braces {(,)}, and constants {e.g. 2, 1.5} to create your own formula {e.g. 1/a, a-b, (a+b)/2, (a/(a+b+c))*100}. The default formula 'a' displays only the first data series added to this line. You may also add data series to this line before entering a formula.



will be applied to formula result
  

Create segments for min, max, and average values: [+]



Graph Data

Suggested Citation
National Bureau of Economic Research, Wholesale Price of Steel Rails for Pennsylvania [M04181US000PAM288NNBR], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/M04181US000PAM288NNBR/, December 21, 2014.





Retrieving data.
Graph updated.

Recently Viewed Series


Subscribe to our newsletter for updates on published research, data news, and latest econ information.
Name:   Email:  
Twitter logo Google Plus logo Facebook logo YouTube logo LinkedIn logo

Click to send us feedback