While it is true that the prices of hogs and of
maize reach their highest level in the same month
and likewise their lowest level in the same month,
it is also true that the prices of hogs tend for a
time to fall when the price of maize rises. In
1901, a year when the maize crop was short, the
average monthly price of maize rose from 56 tI
cents per bushel in September, to 65 cents in De-
cember, during which time the average monthly
price of hogs fell from $6.60 per 100 lbs., in Sep-
tember, to $6.27!/^ in October, to $5.65 in Novem-
ber, but rose to $6.00 again in December, so that
in the five months the price of hogs fell 60 cents
per 100 lbs., while the price of maize rose 8/4 cents
per bushel.^ This situation is doubtless to be
explained in part by the fact that the number of
hogs to be fed was relatively great when com-
pared with the amount of maize available for feed-
ing purposes, and as a result the hogs were rushed

^See the high and low monthly prices for Indian com and
for hogs for the whole year igoi, as given in table appended
to this chapter.
146



PRICES OF PRODUCTS

to the market so soon as they would be accepted
at any price.
