( XXII ) 
December prices were 122s. to 128s., and at the end of this month 
they left oS at 132s. to 136s. Low qualities throughout the j ear 
were offered at very irregular prices. 
American Bdttee. — The stock has accumulated, and the demand 
has been so limited that disastrous losses have resulted to those 
principally interested in speculations. The qualities varied much, 
and BO did the prices asked early in January-. Prices ranged 
from 50s. to 120s.; the next fortnight, 60s. to 115s. ; the following 
fortnight, 50s. to 102s. ; then to the middle of Februarj^, 50s. to 
100s. ; last week in Febiiiary to the second week in March, 50s. to 
110s. ; the following five weeks, 45s. to 110s. ; middle of April, 45s. 
to 105s. ; the end of April, 45s. to 100s. ; the first week in May, 40s. 
to 90s. ; the next fortnight 40s. to 70s., the last week 40s. to 658. 
Early in June, to effect clearances, they were offered at 35s. to 60s. ; 
low qualities were offered the next fortnight at 35s., best at 100s. 
To the middle of Juue quotations then varied from 85s. to 95s. ; then, 
for three weeks, 70s. to 95s. ; middle of August, 70s. to 95s. ; the third 
week, 72s. to 95s. ; then, to the end of the month, 72s. to 100s. ; the 
beginning of September, 72s. to 96s. ; then, to the end of the month, 
70s. to 95s. ; throughout October, 70s. to 100s. ; November, 70s. to 
1058. ; December, 608. to 102s. 
Cheese. — Transactions were chiefly confined to the sale of 
American cheese, the supplies of which were unusually large. 
The following quotations, therefore, relate to this particular market. 
In January prices varied from 54s. to 64s. ; to the middle of February 
they were 58s. to 66s. ; then 58s. to 68s. in the middle of March. 
From then to the beginning of May they varied from 45s. to 70s., 
.and continued about those prices till the end of the month. At the 
beginning of June, the new season's make came in and prices fell 
heavily — the first week in June they were 50s. to 56s. ; the middle 
of the month, 48s. to 50s. ; 2s. more were then asked for fine qualities. 
Early in July they were 48s. to 50s. ; the end of the month they 
were 45s. to 46s. ; the quoted rates for the next five weeks were 
46s. to 488. ; then, to the end of September, 46s. to 50s. In the 
middle of October holders of fine September make asked 52s. ; after 
that 54s., about the extreme quotation for finest for the remainder 
of the year. In the meantime stocks Avere said to have accumu- 
lated, sale^ of which were anxiously pressed at prices, vaiying 
according to condition, &c., from as low as 24s. up to SOs. 
