A History of Prices and of the State of Circulation Volume 2

A History of Prices and of the State of Circulation Volume 2

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1838 edition. Excerpt: ...and as the event proved, deficient in quantity, and inferior in quality, were hurried to market at the close of 1829, and the averages were in consequence much depressed, having at the close of the year got down to 55s. per quarter for wheat. This depression of the corn markets between the close of 1828, and the winter of 1829_30, to the extent of upwards of 20. per quarter on wheat, short as was the duration of the fall, was, while the depression lasted, felt very severely by the farmers, more especially those of the heavy clay lands. The produce of these was very deficient in quantity, and very inferior in quality, and got in at a very heavy expense. And those farmers who, wrhether under the influence of necessity, or of opinion, hurried their corn soon after harvest to market, were obliged to submit to ruinous sales; a large proportion of the wheat so hurried to market being damp and in bad condition, as well as inferior in quality, was, at the close of 1829, and through January and February 1830, sold mostly under 50., while the very small proportion that came to market in a dry condition, and of good quality, fetched from 70. to 7.5., and fine foreign was worth 80. It was with reference to this short interval of depression of the corn markets, that notice was taken in the King's speech, delivered by commission, on the meeting of parliament, 4th February 1830, of the existence of distress among the agricultural and manufacturing classes in some parts of the United Kingdom, in the following terms: --" His Majesty commands us to inform you that the export i in the last year of British produce and manufactures has exceeded that of any former year. " His Majesty laments, that notwithstanding this indication of active commerce, ...show more

Product details

  • Paperback | 126 pages
  • 189 x 246 x 7mm | 240g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236767241
  • 9781236767240