10 May, 1916.] The Wheat Crop for 1916. 



271 



Table VI. 

 Table Showing Fluctuations in Price of Wheat during the War. 



1914. 

 July . . 



1915. 

 •Tanuaiy 

 February 

 March .". 

 April . . 

 May . . 

 June . . 

 July . . 

 August 

 September 

 October 

 November 

 December 



1916. 

 April loth 



Importing Countries. 



Genoa. 



per bushel. 

 s. d. 

 5 81- 



8 9^ 



9 Oi 



9 9J 

 9 8 



Exporting Cocxtries. 



Winnipeg. 



p:;r bushel. 

 s. d. 

 3 Ih 



5 8 



6 21 

 G 1 

 6 Of 

 6 7J 



4 lU 



5 7| 

 5 2| 



3 Hi 



4 21 

 4 U 

 4 11 



Cliicago. 



per bushel. 

 5. d. 

 3 U 



5 Hi 



6 6' 

 6 7| 

 6 51 

 G 

 5 



Oi 

 5 81 

 4 lOf 

 4 6? 



4 11 



According to the system used by the institute, the prices are the 

 actual prices in each country calculated at the par rate of exchange. 

 This is accurate enough in ordinary times, but the rates of exchange 

 have fluctuated considerably during the curreiicy of the war, and it :s 

 necessary to take this into account when comparing prices of one country 

 with another. The rate of exchange on London on 11th December, 1915, 

 was as follows: — Paris, - 9 per cent.; Italy, - 19 per cent.; New 

 York, + 3 per cent. 



Table VII. 

 Fluctuations in Ocean Freights to Liverpool prior to the War. 



(Per bu-shel.) 



1909 

 1910 

 1911 

 1912 

 1913 



Av(U';ii;e .5 year."? 

 (per bu.shcl) 



Shilliti'.'.s per ton . . 



Unitrd 

 Stiitt's 

 ( Xew 

 York). 



d. 



n 



W 



-l 



2^ 

 7 6 



Russia 

 (Odessa). 



s. d. 

 2^ 



Argentina 

 (Bahia 

 Blanca). 



s. d. 



2.', 



3} 



31 



7 



til 



3 



4g 



9 3 



14 3 



India 

 (Bombay). 



Australia 



(Melbourne) 



Sailer. 





S 

 9? 



I'nited 

 States 

 (North 

 Pacific). 



s. d. 



n 



i\ 



7.'. 



10' 



1 01 



9J 



2S 2 



