DSQ
As 'common knowledge,' Brande's Quarterly Journal of Arts & Science (XXXVIII: July 1825) reported large masses of Gold found in the Perm region the previous Summer (1824): attention was thus drawn to the region and the massive yield on Gold discovered there.
On the New York market, the premium on Gold fell by half, in the Summer of 1825; other commodities prices were rising sharply.
For merchants, business news from the Urals was probably ~4 months after the fact. In 1825, general commercial news from the Urals (specifically, the area of the Platinum tracers) was reported New York City nearly 5 months later.
An extraordinary, such as the death of Tsar Alexander at Taganrog on 1 December 1825, reached Baltimore, MD on 4 February 1826: 2 months later. Winter diplomatic news from St. Petersburg to Washington DC also took 2 months.
Citation: Niles' weekly register, Vol. 29 ; William Ogden Niles (5 November 1825)
As 'common knowledge,' Brande's Quarterly Journal of Arts & Science (XXXVIII: July 1825) reported large masses of Gold found in the Perm region the previous Summer (1824): attention was thus drawn to the region and the massive yield on Gold discovered there.
On the New York market, the premium on Gold fell by half, in the Summer of 1825; other commodities prices were rising sharply.
For merchants, business news from the Urals was probably ~4 months after the fact. In 1825, general commercial news from the Urals (specifically, the area of the Platinum tracers) was reported New York City nearly 5 months later.
An extraordinary, such as the death of Tsar Alexander at Taganrog on 1 December 1825, reached Baltimore, MD on 4 February 1826: 2 months later. Winter diplomatic news from St. Petersburg to Washington DC also took 2 months.
Citation: Niles' weekly register, Vol. 29 ; William Ogden Niles (5 November 1825)
c.1825: The bulk price markup for Russian iron, w/ tariff and if equal to 'best quality US' iron, was 62%.
1823-25: US iron prices @ NYC rose 25%.
Citation: Congressional Edit. 2nd Sess, 22nd Congress, Vol 2 (1830) p. 57
1831 New Jersey Bar Iron = $80./ton ; NYC $85./ton
1830 New Jersey Bar Iron = $80./ton ; NYC $85./ton
1829 New Jersey Bar Iron = $80./ton ; NYC $85./ton
1828 New Jersey Bar Iron = $80./ton ; NYC $85./ton
1827 New Jersey Bar Iron = $75./ton ($3.75 sh to NYC) NYC $80./ton
1826 New Jersey Bar Iron = $80./ton ; NYC $85./ton
1825 New Jersey Bar Iron = $75./ton ; Pennsylvania $85./ton ... NYC PA $110./ton
1824 New Jersey Bar Iron = $ /ton; Pennsylvania $75./ton ... NYC PA $ ./ton
1823 New Jersey Bar Iron = $ /ton; Pennsylvania $75./ton ... NYC PA $ ./ton
1822 New Jersey Bar Iron = $ /ton
1821 New Jersey Bar Iron = $ /ton
1820 New Jersey Bar Iron = $ /ton
1819 New Jersey Bar Iron = $ /ton 1818 New Jersey Bar Iron = $ /ton
1817 New Jersey Bar Iron = $ 60./ton 1816 New Jersey Bar Iron = $ 65./ton
1831 Bar Iron @ Cincinnati = $ 100.-110./ton
1830 Bar Iron @ Cincinnati = $ 100.-110./ton
1829 Bar Iron @ Cincinnati = $ 112.50-122.50/ton
1828 Bar Iron @ Cincinnati = $ 115.-125./ton
1827 Bar Iron @ Cincinnati = $ 120.-130./ton
1826 Bar Iron @ Cincinnati = $ 125.-135./ton
1814-18 Bar Iron @ Cincinnati = $ 220.-225./ton
Gold premium, 1828:
Exchange Rate:
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