Iniiuence of Credit on Prices 



39 



In the fall of the leading groups .common to the three countries, 

 the United States and Germany show the same order of decline. 

 In England, however, food prices fall first instead of last as in 

 the former countries. 



The greatest interest attaches to the spread of prices, for the 

 direction which speculation has taken is here revealed to a great 

 extent. Both percentages and ranks are given. 



Table XXXIX 



Spread of Prices 



Table XL 

 Spread of Prices 



Crisis 



Miscel- 

 laneous 



Per ct. 



United States- 



1848 



1857 



1873 



1884 



1893 



20.0 

 26.8 

 24.6 

 24.5 

 18.3 



Table XLI 

 Spread of Prices 



79 



