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Monks and MarketsDurham Cathedral Priory 1460-1520$
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Miranda Threlfall-Holmes

Print publication date: 2005

Print ISBN-13: 9780199253814

Published to Oxford Scholarship Online: January 2010

DOI: 10.1093/acprof:oso/9780199253814.001.0001

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Market Purchasing

Market Purchasing

Chapter:
(p.162) 5 Market Purchasing
Source:
Monks and Markets
Author(s):

Miranda Threlfall-Holmes (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199253814.003.0005

Most imported and manufactured goods were bought by the priory on the open market, rather than via the tenurial networks discussed in Chapter 4. Moreover, market transactions were used when necessary to top up local supplies. The first section of this chapter provides a detailed analysis of the priory's grain purchases on the open market, emphasizing the importance to the medieval market of regional variations in price, supply, and demand. It then examines other key features of the priory's market purchasing strategies, including the role of purchasing agents, methods of payment, credit, the markets from which goods were bought, and transport methods and costs. It is found that suppliers from the local region were preferred whenever they were able to supply the particular goods required.

Keywords:   markets, agents, credit, payment, medieval market, regional variations, purchasing strategies

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