TABLE 3.-Bureau of Public Roads, status of Federal-aid secondary funds, as of Jan. 31, 1955

TABLE 4.-Bureau of Public Roads, status of Federal-aid urban funds, as of Jan. 31, 1955

TABLE 5.-Bureau of Public Roads, status of Federal-Aid Interstate funds, as of Jan. 31, 1955

PRICE TRENDS FOR FEDERAL-AID HIGHWAY CONSTRUCTION, FOURTH QUARTER 1954 (Construction Branch-Table 3)

(United States Department of Commerce, Sinclair Weeks, Secretary;
Bureau of Public Roads, Francis V. du Pont, Commissioner)

Price index for Federal-aid highway construction, 19325-29 base1

1 Base for composite mile, 1925-29, involves 17,491 cubic yards of excavation, 3,726 square yards of paving, 16,000 pounds reinforcing steel, 4,325 pounds structural steel and 68 cubic yards of structural concrète.

Price index for Federal-aid highway construction, calculated for various bases1

[Figures below show the index for each quarter as compared with each preceding quarter]

Mr. CURTISS. Compared to costs in 1940, the average bid price index in 1954 was 211.1. That is a reduction from 223.7 for 1953. I would like to show you one more chart (Fig. 2) which shows the effect of the changed purchasing power of the dollar with respect to highways.