82 AN AGRICULTURAL FAGGOT. 



an average price of 415. 8d., which was the highest average 

 of 1891. But it immediately declined, and before the close 

 of September it had fallen by 75. During the last three 

 months of the year (October to December) the average 

 price of English wheat was returned at 365. Sd. In 1892 

 the average receded from 365. 4^. at the beginning of 

 January to 325. $d. at the middle of February. Whilst, 

 therefore, the average price of wheat was gradually 

 declining from 415. 8d. 'to 325. $d., a fall of nearly los. per 

 quarter, the price of bread was maintained throughout 

 the period of six months at 6d. per 4-lb. loaf. A \d. was 

 then taken off the price, which stood at 5 \d. per 4-lb. loaf 

 for the next twelve weeks, during which the average 

 Gazette price of English wheat was exactly 325. per quarter, 

 the extremes being 335. $d. and 305. yd. Bread was 

 reduced to $d. at the end of April, and has remained at 

 that price since. During the same period the average 

 price of wheat has been 295. lid., and the extremes have 

 been 315. yd. and 295. id. If it paid the baker to sell a 

 quartern loaf of bread for 6d. when wheat averaged 

 405. per quarter, it would seem to have paid him better 

 during the last five months (April to September) to be 

 selling bread at $d. while wheat has averaged less than 305. 

 Whilst the price of wheat fell one-fourth the price of 

 bread fell only one-sixth. 



Mr. David Chadwick, who has given special attention 

 to the subject, states that the following has been and is 

 the current average price of bread of good quality, 

 delivered over the counter for cash, in the years specified, 

 and I have added thereto for reference the average price 

 of wheat in the same years : 



Price of Wheat 

 Year. Bread per 4 Ibs. per quarter. 



s. d. s. d. 

 1839 . . o 8 70 8 



1849. 

 1859 . 

 1887 . 

 1893- 



ob 44 3 

 43 9 



5i 

 4 f 



o 4 f 32 6 

 o 5^ 26 4 



