Food speculation during the Cariboo gold rush

Gold miners in the Cariboo gold rush weren’t the only ones hoping to strike pay dirt. Merchants and entrepreneurs speculated on the supply and demand of food and provisions. As a result, gold miners were exposed to fluctuating costs in the price of food.

Another factor that contributed to the cost of food included freighting costs.

This excerpt from a letter from the Cariboo, printed in the British Columbian on April 4, 1865 says it all:

Flour speculation

 

flour speculation part 2

Flour Speculation in the Cariboo

Some merchants would go to great lengths to secure what they figured was a sure profit!