File:Benner's prophecies of future ups and downs in prices; what years to make money on pig iron, hogs, corn, and provisions (1907) (14779049671).jpg

Identifier: bennersprophecie04benn (find matches)
Title: Benner's prophecies of future ups and downs in prices; what years to make money on pig iron, hogs, corn, and provisions
Year: 1907 (1900s)
Authors: Benner, Samuel. (from old catalog)
Subjects: Business cycles Prices
Publisher: Cincinnati, The Robert Clarke company
Contributing Library: The Library of Congress
Digitizing Sponsor: The Library of Congress

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tory. COTTON. To give contemporary testimony to corrob-orate and verify our price cycles in corn andhogs, we will take the price of cotton, whichgrows out from the ground, and is affected bythe weather. Corn and cotton occupy all theterritory lying between the lakes and gulf.The cotton crop of the Mississippi would beaffected by the floods at the North wheneverwe would have extraordinary rain-fali.:, or byunusual early or late frosts. The price of cotton collected from FinanceReports of 1857, 58, 63, and 73, these pricesbeing from the most reliable sources accessi-ble in the absence of any other ofl&cial record: COTTON. 91 18211822 18231824 1825 1826182718281829183018311832183318341835 1836 1837183818391840184118421843184418451846 1847 1848184918501851185218531854 16c.161115 20—12101010 9 9 11 9111216 -16 141014 810 8 11 6 8 5 7-10— 7 61112 8 11 9 9 1855 1856 1857 1858 1859 1860 1861 1862 1863 1864 1865 1866 1867 1868 1869 1870 1871 1872 1873 1874 1875 1876 1877 1878 1879 1880
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11 1891- 92 renners prophecies. These prices are for New York, which aresometimes ruled by speculators, and allowancemust be made for their incorrectness.^ The price of cotton is more influenced bythe state of trade in the world than the priceof corn and hogs, and therefore it does not fol-low the production in this country so close asthe former products. Commencing in 1825,■Tn find the price of cotton to be twenty centsper pound, the highest quotation in the scale-except during the war of rebellion; the nexthighest quotation is in 1836, eleven yearsfrom 1825. In looking ahead in the table, wefind 1847 a high priced year in respect toother years preceding and immediately afterthat year. Again in 1858, we find a highprice with the year before and the year after,all high priced years. Again, in 1869 we haveihe next high price after the war, the warcoming in on a short cycle of six years. Nowextending our price cycle of eleven years from1869, it gives us the year 1880, our next highpri

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