490 



TOBACCO LEAF. 



Table XIV. COMPARATIVE RELATIVE PRICE8 OF TOBACCO LEAF. 



In this table, 100 is the basis of values, or the index number. It 

 represents the average wholesale price of leaf tobacco for the year 

 1860. For the United States, this average is based on the mean whole- 

 sale quotation for the year, of all grades of leaf in the New York city 

 and Cincinnati markets. For London, it is the average of the whole- 

 sale quotations on Virginia leaf. For Hamburg, it is the average of 

 wholesale prices on both imported and the German-grown leaf. To 

 compare the fluctuations in tobacco values, we add the index num- 

 bers for the United States only, of wheat, cotton, wool, and the gen- 

 eral average for all farm products. Average comparative prices for 

 the first six mouths '96 are given, as compiled by American Agriculturist. 



Average for 12 months, 1895, specially furnished for this work by 

 the Hamburg statistical bureau. It also reports wheat averaging, for 

 1895, the equivalent of 69 cents per bushel, U. S. currency, against $1.20 

 at Hamburg, for 1891 ; the relative value of wheat being 82 for the year 

 1891, and only 46 for the year 1895. 



