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The Iron Age 1916-02-24: Vol 97 Iss 8

1916 Reed Business Information US

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bey “hip Wily Yi pgp, leony CP AMEE, Yip yy > y g 4 New York, February 24, 1916 ESTABLISHED 1855 VOL. 97: No. 8 Ascertaining the Status of an Industry How Price and Production Tendencies May Be Studied in the Light of Actual Average Prices and Production Averages ductions of charts he prepared, accompanied by the following ob servations: The usual price history of an industry is illustrated by the chart showing normal and actual prices of pig iron. While actual prices have fluctuated wildly, average or normal prices have undergone a steady decline, re- flecting improvements in meth- ods of manufacture and distribu- tion until comparatively recent years. This industry has now reached that stage of technical perfection in which there is lit- tle further chance of a material saving in the cost of manufac- ture and the curve of average prices has, therefore, become a horizontal line. In time, as pres- ent supplies of raw material ap- T IS perfectly obvious that in | case of a young industry, ement for example, statistics of actual prices mean nothing so far as showing the state of the industry at any particular time. Because of the fact that funda- mental conditions, such as cost of ma…

Citation

The Iron Age 1916-02-24: Vol 97 Iss 8. Reed Business Information US. 1916.