Series Is Presented Here As Four Variables--(1)--Original Data, 1873-1890 (2)--Original Data, 1890-1892; (3)--Original Data, 1889-1894 (7)--Original Data, 1894-1958. Data Are Averages Of Weekly Quotations. Discrepancies Between Bls Figures And Those Reported In Iron Age Were Checked By Averaging Weekly Figures In Iron Age. In Most Cases The Iron Age Monthly Figures Were Incorrectly Computed. March, 1951-May, 1952 And August, 1952-January, 1953 Prices Reflect The Ops Basing Point Price Ceiling. The Figure For April, 1958, Is For Three Weeks Only Source: Iron Age, Weekly Issues, For Data From 1894-1900. For The Years 1901-1912, Data Were Taken From Iron Age, January 2, 1902, P.10, January 1, 1903, P.48, And January 7, 1915, P.15. 1913-1939 Data Are From Bls Bulletins And "Wholesale Prices" And Iron Age, January 4, 1923, P.74, January 4, 1940, And Following Issues.
This NBER data series m04142d appears on the NBER website in Chapter 4 at http://www.nber.org/databases/macrohistory/contents/chapter04.html.
NBER Indicator: m04142d
Release: NBER Macrohistory Database
National Bureau of Economic Research, Wholesale Price of Steel Scrap, Heavy Melting for Chicago, IL [M0442DUS16980M288NNBR], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/M0442DUS16980M288NNBR/, October 13, 2015.