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Page 416 of 2651

Author: Adam Smith

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In the parliamentary inquiry in 1764, the witnesses stated the
price of the choice pieces of the best beef to be to the consumer
4d. and 4½d. the pound; and the coarse pieces in general to be
from seven farthings to 2½d. and 2¾d.; and this, they said, was
in general one halfpenny dearer than the same sort of pieces had
usually been sold in the month of March. But even this high price
is still a good deal cheaper than what we can well suppose the
ordinary retail price to have been in the time of Prince Henry.
During the first twelve years of the last century, the average
price of the best wheat at the Windsor market was £ 1:18:3½d. the
quarter of nine Winchester bushels.
But in the twelve years preceding 1764 including that year, the
average price of the same measure of the best wheat at the same
market was £ 2:1:9½d.

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