Home >> Encyclopedia-britannica-volume-10-part-2-game-gun-metal >> Laurent Gouvion Saint Cyr to Sir Samuel Walker Griffith >> Prices of Grain

Prices of Grain

Loading


PRICES OF GRAIN The comparative prices of wheat and feeding grain given in the table on the next page are those current on Nov. 15. This date is selected because at that time all the important crops of the world have been harvested and their outturns officially esti mated ; in the case of the southern hemisphere, the crops are hardly sufficiently advanced to permit of reasonably accurate forecasts of outturn. The new supplies are exerting their influence on the leading markets, although not their full influence, which is felt later on when the movement from the Southern Hemisphere is in full swing.

English Wheat Prices.

There are records of the prices of English wheat dating back to 1656, the figures for the more dis tant years having been originally published by Mr. T. Smith. Melford. The records start with 38/2 in 1656; in the fifty years 1678 to 1727 the average was 4o/8; 1728 to 37/9; to 1827, 66/9; 1828 to 1878 to 39/9 all per quarter of 48o pounds. The highest point in recent times was 81/I, the average for the year 1920, and the lowest point was 17/7 in the year

wheat