COLONEL LONG (Worcestershire, Evesham)To ask the President of the Board of Trade what was the average price of wheat per quarter taking 500 lbs. to the quarter at Chicago, United States, and Buenos Ayres, Argentina, in 1901 and 1902.
(Answered by Mr. Gerald Balfour.) The means of the monthly quotations of the prices of No.1 Northern Spring Wheat at Chicago, as published in the "Crop Reporter" issued by the United States Department of Agriculture, give an annual average for 1901 of 72 1/96 cent. per bushel, and for 1902 of 74 125/192 cent. 1077 per bushel. Taking the bushel as equal to 60 lbs., the price of a quarter of 500 lbs. on this basis would have been 25s. in 1901, and 25s. 11d. in 1902. I have no information as to the prices at Buenos Ayres.