December 19, 2010

UK, 1874: Price Comparison for India Engineering Projects


In lawsuit testimony and the public recriminations between Johnson & Mathey and Faure and Kessler, manufactured Platinum price data was revealed.

May, 1874: 1 Troy Oz. Platinum (UK, Mfg.: Bulk.) = £ 1.75 ($ 8.58/ USD$ 9.68)
5/1874: 1 Ozt. Platinum (UK, Mfg., w/Disc.) = £ 1.67 ($ 8.17/USD$ 9.22)

Citation: Chemist and Druggist: The Newsweekly for Pharmacy, Vol. 18 6/15/1876, p.223



Identifying the Discount Rate (Bulk Mfg, Whols @£ 1.67/Ozt) where:
an "80 Lbs alembic" (29.86 Kgs) = 960 Ozt ... cost £ 1,600
a "100 Lbs alembic" (37.32 Kgs) = 1,200 Ozt ... cost £ 2,000
and a Discount of 20% on returned Pt, so: 

5/1874: 1 Ozt. Platinum (UK, Mfg's Scrap Bid) = £ 1.33 ($ 6.53/USD$ 7.37) 

Citation: Chemist and Druggist: The Newsweekly for Pharmacy, Vol. 18 6/15/1876, p.224

 

5/1874: 1 Ozt. Platinum (UK, Mkt Value) = £ 1.25 ($ 6.14/USD$ 6.93)  
 
Citation: Chemist and Druggist: The Newsweekly for Pharmacy, Vol. 18 6/15/1876, p.183



1874: 1 Troy Oz. Platinum (Semi-Mfg., Retail) = £ 1.50 ($ 7.30/USD$ 8.12)
1874/5: 1 Ozt. Platinum (Semi-Mfg., Whols.) = Rupiah 15. (USD$ 7.78?)
 
Citation: Professional Papers on Indian Engineering (1875), p.227
 

1874: 1 Ozt. Platinum (Ingot, Whols.) = £ 1.2583 ($ 6.12, USD$ 6.81)



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