The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1890-02-28

market FOR the years named. as given By the
bureau o. statistics:
issi ls's lsss- lssa. isss-
Wheat .ig5 \ El.iIs l. q y
oats .....+.I ~ 43l IS l.......
Coal Sc. s6l 3 "a | 3 ~ l
COttOn..-..t 10 ri w.I US l
Pig Iron. l2f 81 As up9f % 10 50 III -
bar Iron 10 A. Is DDI.
Nails .....- O3.5l 0I H.sI 1.s
Mess Pork .li4 % 10 OIL a In "a li0 IS
Mess Beef. 80 II OIL w ll3 81
Hams. " lcl WI 10 l...---
Tobacco. " nj o. 10 l..-.
Wool ~ AZ ST Al % / IS
Mr.. SarerDccl. whose tables are accepted hy
the statistical society of London as authority
taking 100 as his index number to indicate the
general range Of prices from 1867 10 1851. finds
that In 1873 the incex rose TO III, and In 1878 fell
to s3. Then IL rose TO S. Then fell again to 70
In 1854, and 81 in lsSs
In his diagram 81 prices based upon william
NJ. Grosvcrors tables q prices for 30 leading
commodities. taking 1860 ~ 100. Mr.. Stark
shows like results, only prices on this side. rs
might be expected from the small volume OF
money and the boarding Of gold for resumption.
went somewhat lower in 1878 than indicated by
Mr.. Saucrbeck's tables for England, showing a
fail from 1873 10 ISIS OF "a per cent. arise 81
IS per cent IN the purchasing power OF gold. In
1855 prices had fallen per cent below the level
Of 1878, or - per cent. below the level Of 1890,
and al present are more than 80 per cent. be-
low the level Of $50. which means that gold has
increased in purchase power 80 per cent since
1870.
/ The percentage Of gold prices OF staple ar
tfcles as given BY the bureau Of Statistics, TAX
ing 1890 at 100. arc:
For 1871 -
For l~s. ~
For isss-.- y
! And for 1879 the range Is at least ~ per cent.
lower than for lsss.
Tables published by the London Economist
show that si,.U In gold would buy as mucn q
seventeen leading articles stated Ia $50 as e. y,
would In 1875, but that the same quantity could
be bought IN ISIS with d 5.l and even less would
be required now
I Tables n 7cn BIZ the royal commission for 1sss
show substantially the same results.
According 10 Mr. Sauerbeck. prices for 1851
are lower than for 100 years. and English wheat
rs Mr. Frewcn points out. s. q per cent below
4 the average and lower than since 176i-
4 Mr. Frcwcn significantly asks IL the world
/ with lis thousands OF millions OF debt Is going
| back 70 the prices Of the fifteenth century!
1 hut the effect Of silver characterization on tn
| price OF wheat and cotton n u special impor
| lance from the relation Of these products TO The
I price or the same products In India TIT
! minis OF India being open tothc free coinage
| or silver silver bullion II Of course, there sub
1 stantially u par with silver coin The none,
| unit IN India the silver rupee, - equal 70 epou'
\ 2 shillings English money or : little less thar
80 cents our money.
i Discardinr fractions In converting rupees int
.or.rei-ns ana counting the shfllinRs a. 2
| cc,ts No have the following equivalents II
p-ices IN India and the United States. silver
| fu,iion icing AZ par with coin al the lndis
ratio ~ il toll
Rupcc--2s $40
10 Ruprs-kl m BOO
Assuming wheat 70 be worth IN inuias Snii
llngs Dushei, and freight 70 LiSerpooi 70 %
shilling. we have:
wheat 3 s-fb Rupec~N.1
Freight s-'s
Cost 81 India wheat IA A-'erpso''
Rupees - 81.
A pound sterling, therefore, Win SAse' =. III. ".
with coin as above, WOULD lay cow n A-is MI
pool only i've bushels q ihula ~-ea@ -.
with silver bullion ~ ~ presen. pI'se, s-,' !,
sierhhs vii eNen-ns. ~. ~ rsvar
make say. u rupees Sohrtlusl,ss u, =. 4
pool buyer can get SIX ana onshasl pusn.'S y. Y
India wheat fnt his sovereign w II. cA.''-..,e
ing 4 for silver bullion ana 'aA'hk .ns' ~ Nv
minis ~ lndla anu unless ~ ~ $3.50 i, II.
bushels for the same amount n so.a ~ NJ
United states ne VIII IVY ~ i.'''-. ~
the extent ~ inu.a 4 .s..,. .s,.,iea MI,
'i.' .oees1.,' N'e-s !, -,.., ~, .hc other han.
iah " wnsa ., III" ,,h ala a our ratio
viii siIec. sun.- $500 I,Ai rate az nv,
whea, VIII r'Se ~ ~" y. - i, ,,hsr word
pusnels y w p y. ss''s ~
n r-,, '' i,.a ~ me wheat and cotton grover
-. 80 ~ .,,.. ,s-a must ~ counted b,
roIn w. es.sv .,,,''.s arF sne 49, 70 The coun
' NJ. ,,sa, ana cotton exported hy ten
~ ~ ar,.lly fDn thls head see yaiua
y, nl, .','.,s@ ~. fy.o \. Nichelsl AZ on NJ
~ 20 ~. sr,,r ssiv,r dernonetizafio
saass - IN $500, mar IN the cotton plante
iai,en n.o .saas ..,,rc- - No class would b
AM 'ne $500 .,,r, A., ,n,s,ateiv benefitc,
n.o.u e.r,.,s - thess industries.
nra 80 - ,shea. ana wheat -four from
ny e,.,ss s.li II value from sas20pD. o.
- ~, ,..~s srom ls-s 10 ISIS 10 tias 90
~ Wy ~. se'.. sr.,, ,ssa 10 rsSs showin
49, w 80 ~ ~ - ,.a,s ~ ssn0Dom.
rn'sn~.e- 4. =. sav that oniv silver pru
, = s ss,,' ,hs re.toration OF silver meta
aue NJ. ..sa-s., ,,,arn They need II les
- - 49, 49, c,s.s N producers. II III
nan 40 49,, .',aa.ars rsli make estimates o
Iale.s ~, W. 80 dursnr The past scycnfcc
Nna' 'ssy - 49, RECOMMENDATION OF silver
~, 4. .,-s..s IAN ~ ri.l:,nilv ssarsks
.ol ~. ~ y .h.v viii ~ how much nor
" no, nasa ,nss ,han M silver producers. an