Source: National Bureau of Economic Research  

Release: NBER Macrohistory Database  

Units:  Cents per Pound, Not Seasonally Adjusted

Frequency:  Monthly

Notes:

Data Refers To Cents Per Pound In Car Lots Through 07/1930 And In Tank Cars Thereafter. Data Is The Average Spot Price. 1891-1908: Data Was Compiled From "Oil, Paint, And Drug Reporter", 11/7/1910, P. 40. The Average Price Per Gal- Lon Was Divided By 7.5 To Convert To Pounds. 1909-1921: Data Is From Annual Reports Of The New York Produce Exchange. 1922-1941: Data Is From "Oil, Paint, And Drug Reporter" And Is The Average Of Daily Ranges. Source: Usda, "Agriculture Yearbook", 1924, P. 766 And Later Yearbooks; Also Editions Of "Agricultural Statistics" (Usda) And "Wholesale Prices" (Bureau Of Labor Statistics)

This NBER data series m04081aa appears on the NBER website in Chapter 4 at http://www.nber.org/databases/macrohistory/contents/chapter04.html.

NBER Indicator: m04081aa