120 
Home Produce , Imports, Consumption , and, 
to year, the declared values of imported wheat in some years 
show a rate per quarter of several shillings more, and in others 
of several shillings less, than the Gazette price. Accordingly, we 
now adopt the rate per quarter of the declared value instead of 
the Gazette price as formerly, for imported wheat — excepting 
for the first four years, for which the data are not available, and 
hence for them the Gazette price is still taken. There can be 
little doubt that the figures now given are nearer the truth 
than if the Gazette price were adopted throughout. At the same 
time, it is not clear how far the values given for the imported 
wheat, either accord with the values as sold in our markets, or 
compare strictly with the local market values of the home-crop. 
Table XII. 
Average 
Gazette 
price 
of 
liome 
wheat 
per 
quarter 
Trice 
per 
quarter 
of im- 
ported 
wheat 
accord- 
ing to 
Trade 
and 
Naviga- 
tion lle- 
tums 
Value of wheat available for 
consumption. Home at average 
Gazette price; imports, wheat, 
and flour as wheat, at rates for 
wheat, according to the declared 
value in the Trade and Naviga- 
tion Returns 
Value of wheat 
estimated to 
be required 
From 
home 
produce 
From 
imports 
Total 
Total 
Per 
head 
s. <1. 
s. d. 
j: 
£ 
£ 
£ 
s. d. 
Averages for 
8 years 1852-3 to 1859-60 
57 8 
(57 8, 
38,420,217 
13,518,974 
51,939,191 
52,494,77b' 
37 6 
8 „ 1860-1 „ 1867-8 
52 2 
49 6 
31,355,606 
20,956,252 
52,311,858 
53,152,383 
35 8 
8 „ 1868-9 „ 1875-6 
52 0 
49 0 
30,535,899 
26,742,885 
57,278,784 
57,609,561 
36 1 
8 „ 1876-7 „ 1883-4 
45 7 
46 2 
20,280,559 
37,413,986 
57,694,545 
57,943,572 
33 6 
8 „ 1884-5 „ 1891-2 
32 5 
33 9 
14,108,380 
31,601,890 
45,710,270 
45,660,252 
24 8 
40 „ 1852-3 „ 1891-2 
- 
47 11 
(47 3) 
26,940,132 
26,046,797 
52,986,929 
! 
53,372,109 
33 6 
Referring first to the particulars relating to the home-crop, 
it is seen that the Gazette price of wheat per quarter averaged 
57s. 8 d. over the first eight years, declined 5s. 6d. per quarter 
over the second period, and only 2d. more over the third, by 
6s. 5 d. over the* fourth, and by 13s. 2d. over the fifth ; the 
average price for those last eight years being only 32s. 5 d. per 
quarter, or 25s. 3 d. less than over the first eight years, and less 
than three-fifths, indeed not much more than half as much as 
over those first eight years. In reference to the higher range 
of prices during the first three periods, it is to be borne in mind 
that, during the first period there was the Crimean war, during 
the second the American Civil War, and during the third the 
Franco-German war. 
The most marked decline in price was during the last 
