166 COFFEE PRICES SINCE 1845. 
terval have been considerable, as the detailed figures 
will shew :— 
De hes ore ane) 
1845-50—Av. 6 yrs. 44@B4 1870—1 January S5076 
1851—1 January 53 581871—1 January 950 
1853—1 July SO: 35 1 February 58 “ 
1857—1 July 68 80 1 March sytiande 
1858—1 January 50 62 1 April 04 ,, 
1861—1 January 63 70 1 May we pet. 5 
1862—1 January 70 380 1. June Heri * 
1863—1 January 72- 85 1 July 55°, 
1864—1 January 70 79 1 August ts 
1865—1 January 74 84 1 September 58° ,, 
1866—1 January 70 85 1 October 61 ,, 
1867—1 January 65 81 1 November 63 __,, 
18681 January 58 80 1 December 66 _,, 
1869—1 January 52 72'1872—1 January 76 ,, 
We quote also the note :— 
** Wholesale Prices of Commodities.— 1845-50, 1851-70, 
and 1871.—We have followed in this table the arrange- 
ment and method adopted by Mr. Tooke and Mr. 
Newmarch in the History of Prices (V and VI), and 
continued by the latter in the Séatistical Jowrnal for 
1859-60 and 1861. The average prices of the six years 
1845-50 were first given by the same gentleman in 
the Statistical Journal for March, 1860, and were then 
described as compiled from the weekly prices given 
in the Hconomist. All the other prices in (A) are 
obtained from the same source. The table, therefore, 
possesses at least the advantage of being derived from 
first to last from the same authority.” 
dhe highest point, our readers will observe, was 
attained on list January 1865, when prices ranged 
from 74s to 84s. The lowest prices subsequently were 
52s to 72s on Ist January 1869, and 50s to 73s on 
Ist January 1871. While the higher rate remain 
stationary since, it will be seen that the average of 
Gls rose to 72s in the twelve months of 1871, and 
we suspect that in twelve months more the figure is 
likely, to be 80s. 
Then comes table C, thus explained :— 
‘¢ Wholesale Prices—Proportionate Results.—The con- 
struction of this table is explained in the note which 
is given at the foot of it. It is formed upon the 
example first given by Mr. Newmarch in the Statis- 
tical Journal of 1859, and since followed by Mr. Jevons 
in his very able pamphlet on the Effects of the New 
Gold.” 
The note states :— 
“<The construction is as follows :—The basis of 100 
represents the average prices of the six years 1845-50, 
