Thoughts and Details on the High and Low Prices of the Thirty Years, from 1793 to 1822. In Four PartsJohn Murray, 1824 - 529 Seiten |
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abundance amount appears Appendix arising average price Bank of England Bank restriction Barley bushel causes cent circulation circumstances coin commodities consequence considerable consumption continued Corn Laws crops currency deficiency degree depreciation depression difference between paper diminished distress ditto duce effect Encyclopædia Britannica Eton College Europe excess expenditure export extent extra demand extract fact fall of prices favourable fluctuations foreign former France freight grain greater ground harvest high prices increase inference instances interval July labour Lady Day Lady-day manufactures Michaelmas millions nearly Oats occasion paper and gold peace peace of Paris period ports preceding precious metals price of corn price of gold price of wheat private paper proportion proved quantity Quarters Quarters Quarters reference rise of prices Russia scarcity septier South America speculation sufficient summer sumption supply supposed tion trade unfavourable variations whole
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Seite 24 - It will be found by the evidence, that the high price of gold is ascribed, by most of the witnesses, entirely to an alleged scarcity of that article, arising out of an unusual demand for it upon the continent of Europe. This unusual demand for gold upon the continent is described by some of them as being chiefly for the use of the French armies, though increased also by that state of alarm, and failure of confidence, which leads to the practice of hoarding.
Seite 99 - The shippers found to their cost, when it was too late, that the effective demand on the continent for colonial produce and British manufactures had been greatly overrated, for, whatever might be the desire of the foreign consumers to possess articles so long out of their reach, they were limited in their means of purchase, and accordingly the bulk of the commodities exported brought very inadequate returns.
Seite 116 - It is well known,' as Mr. Tooke observes, ' that the resistance to a change, whether from a low to a high, or from a high to a low range of prices, is at first very considerable, and that there is generally a pause of greater or less duration before the turn becomes manifest ; in the interval, while sales are difficult or impracticable, unless at a difference in price, which the buyer in the one case, and the seller in the other, are not yet prepared to submit to, the quotations are regulated by...
Seite 166 - The demand for a commodity cannot be said to increase, if no additional quantity of it be purchased or consumed ; and yet, under such circumstances, its money value may rise. Thus, if the value of money were to fall, the price of every commodity would rise, for each of the competitors would be willing to spend more money than before on its purchase ; but though its price rose 10 or 20 per cent.
Seite 295 - We are here in a strange case to complain of plenty : but so it is, that corn beareth so low a price, that tenants and farmers are very backward to pay their rents ; and, in many places, plead disability; for remedy whereof, the council have written letters into every shire, and some say to every market town, to provide a granary, or storehouse, with a stock to buy corn, and keep it for a dear year.
Seite 183 - ... and it may still most safely be said that in no twenty-two years of our history of which we have authentic accounts has there ever been so rapid an increase of production and consumption, both in respect of quantity and value, as in the twenty-two years ending with 1814.
Seite 295 - I never knew it at, 20 and 22 pence a bushel : barley at 9d. ; and yet no quantity will be taken at that price : so that for all the common opinion of the wealth of England, I fear when it comes to the trial, it will...
Seite 81 - The causes to which the same should be ascribed ; and, Third — The expediency, with a view to the present and future interests of the merchants and manufacturers, and of the public, of any assistance being afforded by parliament. Your committee found, that memorials had been presented to his majesty's treasury, towards the latter end of the last and the beginning of the present year, stating the great...
Seite 285 - D'Avenant and Gregory King. Mr. Tooke, in quoting this passage, says : ' There is some ground for supposing that the estimate is not very wide of the truth, from observation of the repeated occurrence of the fact, that the price of corn in this country has risen from 100 to 200 per cent. and upwards, when the utmost computed deficiency of the crops has not been more than between one-sixth and one-third below an average, and when that deficiency has been relieved by foreign supplies.
Seite 285 - ... crop of wheat, which now and then happens, the remainder is spun out by thrift and good management, and eked out by the use of other grain : but this will not do for above one year, and would be a small help in the succession of two or three unseasonable harvests.