The Price Of Wheat In Europe
Will Soon Depend, Not Upon The Value Of The Wheat In The Country
Which Grows It, But On The Power And Cheapness Of The Modes Which
May Exist For Transporting It.
I have not been able to obtain the
exact prices with reference to the carriage of wheat from St. Paul
(the capital of Minnesota) to Liverpool, but I have done so as
regards Indian-corn from the State of Illinois.
The following
statement will show what proportion the value of the article at the
place of its growth bears to the cost of the carriage; and it shows
also how enormous an effect on the price of corn in England would
follow any serious decrease in the cost of carriage: -
A bushel of Indian-corn at Bloomington, in Illinois,
cost, in October, 1861 10 cents.
Freight to Chicago 10 "
Storage 2 "
Freight from Chicago to Buffalo 22 "
Elevating, and canal freight to New York 19 "
Transfer in New York and insurance 3 "
Ocean freight 23 "
- - - - -
Cost of a bushel of Indian-corn at Liverpool 89 cents.
Thus corn which in Liverpool costs 3s. 10d. has been sold by the
farmer who produced it for 5d.! It is probable that no great
reduction can be expected in the cost of ocean transit; but it will
be seen by the above figures that out of the Liverpool price of 3s.
10d., or 89 cents, considerably more than half is paid for carriage
across the United States.
Enter page number
PreviousNext
Page 264 of 538
Words from 70270 to 70520
of 143277
