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Wholesale Price of Steel Rails for Pennsylvania (M04181US000PAM288NNBR)

Observation:

Jun 1941: 40.0  
Updated: Aug 16, 2012

Units:

Dollars per Long Ton,
Not Seasonally Adjusted

Frequency:

Monthly
1Y | 5Y | 10Y | Max
  EDIT LINE 1
(a) Wholesale Price of Steel Rails for Pennsylvania, Dollars per Long Ton, Not Seasonally Adjusted (M04181US000PAM288NNBR)
Quotations Are Averages Of Weekly Quotations From Iron Age. In November, 1921,"Bessemer" Steel Rails And "Open-Hearth" Became Identical. Prior To This Date A Constant Differential Of $2.00 Existed Between The Two, Open-Hearth Being The Higher. The Extra $2.00 A Long Ton, Which Was For Many Years Charged For Open Hearth Rails, Was Annulled With The Rail Price Announced On October 22, 1921. (The $2.00 Differential Persisted During The Last Week Of October, However, But The Prices Of Bessemer And Open-Hearth Coincided Beginning In November. From 1868-1921, The Bessemer Price Was Used. The Figure Given Through 1918 (55.0) Was The Maximum Price Allowed By Government. Source: American Iron And Steel Institute, Annual Reports; Iron Age; Bls Bulletins And "Wholesale Prices."

This NBER data series m04181 appears on the NBER website in Chapter 4 at http://www.nber.org/databases/macrohistory/contents/chapter04.html.

NBER Indicator: m04181

Wholesale Price of Steel Rails for Pennsylvania

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NOTES

Source: National Bureau of Economic Research  

Release: NBER Macrohistory Database  

Notes:

Quotations Are Averages Of Weekly Quotations From Iron Age. In November, 1921,"Bessemer" Steel Rails And "Open-Hearth" Became Identical. Prior To This Date A Constant Differential Of $2.00 Existed Between The Two, Open-Hearth Being The Higher. The Extra $2.00 A Long Ton, Which Was For Many Years Charged For Open Hearth Rails, Was Annulled With The Rail Price Announced On October 22, 1921. (The $2.00 Differential Persisted During The Last Week Of October, However, But The Prices Of Bessemer And Open-Hearth Coincided Beginning In November. From 1868-1921, The Bessemer Price Was Used. The Figure Given Through 1918 (55.0) Was The Maximum Price Allowed By Government. Source: American Iron And Steel Institute, Annual Reports; Iron Age; Bls Bulletins And "Wholesale Prices."

This NBER data series m04181 appears on the NBER website in Chapter 4 at http://www.nber.org/databases/macrohistory/contents/chapter04.html.

NBER Indicator: m04181

Suggested Citation:

National Bureau of Economic Research, Wholesale Price of Steel Rails for Pennsylvania [M04181US000PAM288NNBR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M04181US000PAM288NNBR, January 19, 2017.

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