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Updated: May 26, 2025
Reaching the Bunder he silences the importunity of the children by a liberal purchase of salted almonds and pistachios or grain fried in oil, and passes an hour or so in discussing with a friend the market-rate of grain, cotton, ghi, or indigo.
Not being empirical, it will make no pretence of furnishing the precious metals at less than the market-rate, either for exportation or hoarding; but it will have the effect of reducing them to their true position, that of merchandise, so that they may be exchanged for the products of other countries with profit. For the same reason it will not be redeemable.
Lane. "You were deceived in your purchase of the cotton; the article proved so near valueless, as not to be really worth three cents a pound. You discovered this, as I have the best reasons for knowing, almost as soon as it came into your possession; and yet you offered it to Peterson, who, not suspecting for a moment that any thing was wrong, bought it at the regular market-rate as good.
Throwing up the window, I perceived the other costermongers preparing impatiently to pack this one out of their company as a disgrace to it, if he would not hold his peace and take the market-rate for his onions. I looked better at this Costermonger.
The circumstances which regulate the rate of interest have usually been treated, even by professed writers on political economy, in a vague, loose, and unscientific manner. It has been felt, also, that the fluctuations in the market-rate of interest from day to day, are determined, like other matters of bargain and sale, by demand and supply.
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