The book Congested Prices was written by author M L Moses Lewis Scudder Here you can read free online of Congested Prices book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Congested Prices a good or bad book?
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But when we examine his forecastings as to the prices of hogs we do not find \\\\\\ so fortunate. Ac- cording to his cycles in the hog trade, prices were to be highest in 1875, would decline in 1876, and reach lowest figures in 1877; would rise during 1878 and 1879 ^"d would culminate in 1880. They would de- cline again in 1881 and reach the lowest point in 1883, etc. The facts are that hogs sold as high in 1876 as in 1875, were lower in 1877, but not so low as in 1878 and 1879. They sold as a ...rule higher in 1881 than in iSSo, and v/ere higher still in 1S82. Not one of Ben- ner' s prophecies concerning the prices of hogs has been fulfilled. But it is much more remarkable that anyone should correctly foretell the course of prices of pig- iron than that anyone should fail to foretell the prices of hogs. For this reason I have tried to discover upon Benner s Prophecies. 25 what principle farmer Benner proceeded in reaching his conclusions. But, like all other prophets, he can only inadequately explain his system; but as far as he explains it, it is arithmetical, and consists simply in ascertaining the general course of the price of any important com- modity in the past and predicting the same fluctuations for the same length of time in the future.
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