Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-10-17
From the Brlilmorc .1.nsr;cn,..

iienilon which lis growing Importance - well mrris.-
We perceive that Mr.. Geo. X. Bndd has established a
house at st Louis ar The purpose Of tfansaetag the
Flour aud Grain Commission business lie has prepared
the following
CIRCULAR ON THE WHEAT CROP or lsi2.
To The FIu1arr. he .V9l-r aad he Merchant NJ II
i,tois, Missouri, iJira and Wisconsin,.
deem il important Your interest. that yon should
have slme data by which you may estimate The probable
demand both home and abroad for Wheat, the great
staple OF the States Of Illinois, Missouri Iowa and Wis
eonsn; and the undersigned designs IN the prosecution OF
his business furnish this data far lies IN his pow
er-ogether with estimates aud opinions un this (St.
Louis AMI other grain markets. in the shape uf mouth
y circular
Opinions and estimates will be my own; The data
however, on which ground opinions aud arrive at con.
illusions will he drawn from official sources together with
the letters Of nay correspondents. In monetary point
| II view, the Wheat GRIP Of the United Srtlts Is
secondary IN Importance only 10 Cotton the great staple
OF or country aud. necessary food ir the eusHanee
Of man. arr accustomed 10 5J II its weld with IN
tense interest ft1n line begs 10 fipen ia the field
TIL II Is stacked IN thu yafl u stored IN the barn o TIN
hushaBdman
The uhsat crop Of the United States in the year
1889 WIS by the AIaT,has reufa. eighf fon millions
eigh hundred and t,rcaig aree Hi@suId bushels. |
estimate the crop ut the present vsar Ia exceed that a
is29 by 81 per cent. nearly one thlfaiyug an ae
grenaie production Ia 1872 Of lm9ftd and len mi
lions hro hundred and sigig aiqe iimasuid bushels-
Ills groai increase. tir estimate II At % per rent on
last year, praduetu) Is roadllF aee1unied ,f, from
Two pfom7cal ca'ls"s:-fiT.' wheat in ISL I1id the
hnusr better than any ot4tr production Of the soil, aud
Secondly. The cNtf fdu1ry yield IT thai which 7ras
~aWn. The statistics 1t consumption in tie United
States m ordinary years, Is Tour buss oi wheat ur
fraction over lanAs 81 hlffoi al Flour, per anHnm,
10 every uha5ltdul, tths also allows for the quantity
ased IN manufacturing aud other pnrpls n consequent
y. NH our present population. nov not shor II ~.
o9oooD The consumption Nil h1 seventy ljur millions
obusbos on account at tla low p1icc. however ,sliz
mate The r'rsaiHpan His year II fur and habI.hcls
per lead. masking an aggregate consumption Of 3.2jo
mn hushel; ihn there will be surplus Of u Og O1o
bushels 10 supply arHgn demand
Lei u tNlmlue from Whfuee this demand is II come
In ornary years at yaI IN England the annual import
ii FOREIGN bread s'uts ato that kogdon. Flour and
Gram iHrlnde IS twenty millions Of bushels ono half
ot thu Us iTJm the ncd State direct aud through the
Canalas and not les, dian millions of bushels more
(elual II nearly 2,oi6.o0O barred. of Four--3s, cal
l0hs OF STANDARD wheat being equal 10 a barrel of
h5ur.) finds is way 10 South Amccca and the Islands
If the Sea. We have then balance of six and A half
millions, "'reh may 60 INTO the crop Of IS without ma
termIiy affecting The Puee Of II. Hence conclude
iForWrf hefe IS an AVERAGE crop IN Enrand the States
n the haue aud IN France, that although the price OF
glin ni BE- leW.H lPrue Wa1al) ulll aot Gll in the
Northern Atlantic poes, below ninety CENTS Wheat
VII bear 10 hf shipped at 81, Lpuis, At Jcs when the
pfce els - N cent = but In paiit ran b. made upon it,
Hi El'dA NH is al NlItdi ihlS year VIII be-
the Weston Slate Those east Of the mountains will
ne weld much mono than average crop; probably five
per cent ahpVeH OHIO viii yield nli less lhan TWEEN
y as millions Of bushels, bcae The largest grain lrow
lng State IN tn Union AID ,snaing her population in
1872 at LOO olo her surplus wl be IL AuO. 900 |
m1st 81 which leave tn STATE, via Canada Buffalo and
Orleans.
From the bee' data within my reach estimate the
weld OF those States bordering the Mississippi, and Of
which St. LOUIS Is tbegteu dep,i, as follows
in1s yielded IA less, 1888. 900 busAcls-iaerc1se in
lei2. - per cent. IS 5,si7 GOO
Missouri yielded in 1880 o37 900 bushes-nrreaso in
1872 100 per cent is > 06l 900
W seonsin yielded ia 1899, 2i2,oOO busles-ineraase
IN 1912, 290par cent. in G36,0O0.
Iowa yielded ~ 1899, $4,000 bishcls-ncrcase in
lei2, $40 per cent is 99i,00o.
Making Tie aggregate Wheat production Of these four
States aud Itiutrirs .gc millions fo,a hundred asl
Ssfedt5 thousand bushels. The aggregate population OF
THESE States Is nuw n1 less than 999 0DO being ran of
PER cent on the cen,u,o 1910, and the consumption
ol heat al l. bushels 10 the head, Is l6l 900 bush
els, thus leaving surplus 81. 5OD0,OOO bushels for cy
pir-one hall ol which VIII find lis way through 81.
LOUIS, 10 the sea board. Ia conclusion remark the
price GOT whca) for surplus. Will almost depend on
tho English graincrop; i tins is short, there Will be
demand ar moro than all excess of Weld and the price
IN the Atlantic cities would probably rise to n minimum
Of 81 p, with upward tendency. IT, on the other
hand the crop Great Britain should be an average one
II Is worthy rmars Gas a consolation to the Farmer
mat from the year 1870 10 that of 1871 prime Wheat
has never been hess IN price, in Philadelphia than %
cents, equal to 81 GG per barrel for Flour
This VAS IN lS2 aud 26 in both Of which wear, This
country and Great Britain. had plentiful harycsis
heat ON the OHIO, in 1920 sold for % cents in ,S2G
Il brought 81 cens the discrepancy between 20 and So
White the prices d each year The same (Q2 cents
III tho Atlantic Cues may he accounted for by the IA
ciheS oil steam navigation in lS26 over 1870
again repeat my conviction that prime wheal during
HE present scasoa Viii not 60 below 90 cents in the
Northern Atlantic Clues, Al which price in New York
II should Ut can be landed in New York for 40 cents
per hushe) command here rs cents per bushe-prori
ded 1t is standard Nhc2 in good condition for foreign
shipment, which however II will not be till October
Shai' address private circular to those who will fur
hSh me with their address, the 20th of October civ
ing The prices and prospects oiuur (St Louise Grain and
o'ur market and as ! have now udicinus correspon-
dents IN Boston. New York, Philadelphia and New Or
leaus, (pd design to open direct correspondence with
Liverpool emn hous' shaft be able to give the earliest
and fullest AsSIces from those respective markets
GEORGE X. BUDD.
ST. Lovis, September %, 1872
hangers 81 EicctlnncCine--1 Picayuno rciores
~ the possession u live i,ukpp