The cost of living in New York.
--A great dear is said, says the New York Freeman's Journal, about the high price of every article now required in a family for living. The consumer is paying an enormous price for everything. Why is it? Is it because all these articles have increased in value, or is it owing to the depreciation of currency? Some statistics which we find in the Albany Argus have a bearing upon the question. A pound of tea, valued at fifty cents on the wharf in New York, will cost thus:
tea | 50 |
duty | 20 |
exchange, 190 | 45 |
gold to pay (at 173) | 15 |
total | $1.30 |
tea and duty | 70 |
Extra paid for inflation | 60 |
a pound of cloves, costing twelve cents to land at New York, will cost the importer, besides port charges:
Cloves | 12 |
Duty | 15 |
Exchange | 10.80 |
Gold for duty | 11.25 |
Per pound | 49 |
Thus it is that the prices of imported goods have been increased from fifty to one hundred per centum beyond the cost and duty by reason of the inflation. The war is costing full one-third more than it would with gold at par, (if the expression is not a misnomer).