Search America's historic newspaper pages from 1836-1922 or use the U.S. Newspaper Directory to find information about American newspapers published between 1690-present. Chronicling America is sponsored jointly by the
National Endowment for the Humanities and the Library of Congress. external link Learn more
Image provided by: University of Illinois at Urbana-Champaign Library, Urbana, IL
Newspaper Page Text
YOUR FIFTY-CENT DOLLAR! JUST SEE WHAT
HAS HAPPENED TO IT
: A DOLLARS Vi
te. ,jf WORTH OP 1
BACOH W'nn )
8 LBS. 3. 6 LBS.
CcX,-VKy WORTH OF
4-8 Dozen j 3 dozen
BY FREDERICK M. KERBY
Washington, June 13. The house
wife's dollar has shrunk to 50. cents.
So says the U. S. bureau of labor
statistics in an analysis of the pur
chasing power of a dollar covering
the years from 1890 to date.
In 1890, for instance, the thrifty
housewife could get 8 1-10 pounds of
round steak for about 12 cents. By
the end of 1915, however, her dol
lar would buy less than 4 V pounds
of round steak, which had "gone up"
to more than 22 cents a pound.
It is' the same with sirloin, rib
roast, pork chops, smoked bacon,
ham, lard, chickens, eggs, butter,
milk, flour, cornmeal and Irish pota
toes. Some have not advanced so
sharply in price, but all show a de
Back in 1890 a dollar would buy
9.3 pounds of pork chops; by the end
of 1915 the same dollar would buy
only 5.4 pounds. In 1890 eight pounds
of smoked bacon could be had for a
dollar; by 1915 the dollar would se
cure only 3.6 pounds.
This period of 26 years dies away
with unusual fluctuations in making
comparisons and enables the bureau
to estimate the steady rise in food
prices which has taken place.
One of the most remarkable of
these is the increases in the price of
eggs. In 1S90 the average retail
price per dozen of eggs was little
more than 20 cents. Thus 4.8 dozen
eggs could be bought for a dollar. la