Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1842-10-01

readers TO the following circular from Mr..
George X. Budd of ST. Louis, who has es.
tablished house which must be of great
TO the producers of Grain, In the
region Of country to which his attention is
specially directed.
CIRCULAR, ON THE WHEAT CROP
OF 1912.
10 the Farmer, the Miller and the Merchant of
Illinois, Missouri, Iowa and Wisconsin,:
deem it important 10 your interests, that you
should have some data by which you may est.
mate the probable demand, both at home and
abroad, for Whedt-the great staple Of the States
of Illinois, Missouri, Iowa and Wisconsin; and
the undersigned designs, in the prosecution OF his
business, TO furnish this data as faI as lays in his
power-together with estimates and opinions on
this iSt. Lous) and other grain markets, in the
shape Of monthly Circular. Opinions and es
Inmates will be my own,-the data, however, on
which | ground opinions and arrive at conclu.
sions, will be drawn from official sources, toge,h.
er with the letters of my correspondents. In a
monetary point Of view, the Wheat crop of the
U. States is secondary in Importance only to
Cotton-the great staple Of our country; and as
necessary food for the sustenance of man, we are
accustomed to look to its yield with intense in.
ill it is stacked in the yard, or stored in the
barn Of the hushandman.
Providence has usually favored our country
with plentiful harvesls-this year with one of So.
peIabundance. Let US examine its effect in a
monetary point OF view
The Wheat crop OF the United States in the
year 1889, was by the Marahals return, eighth
four millions eight hundred and twenty three
thousand bushels. ! estimate the crop of tho
present year TO exceed that of 1885, by 80 per
cent, or nearly one third-givirg an aggregate
production in 1912, Of one hundred and ten mil.
lions and t,centy sir thousand buShelsi This
great increase for estimate it at 20 per cent
over last years producton) is readily accounted
Tor from two prominent causes: First, Wheat in
lo4l paid the Farmer better than any other pro.
ductlon oil The sol,-hence, large sowings; and
secondly, the extraordinary yield, OF that which
toaS sown. The statistics Of consumption OF the
United States-in ordinary years-is four bush.
els OF wheat Tor a fraction over 5lhs OF bar.
rel oil iour) per annum to every inhabant-Ths
also allows Tor The quantity used in manufacturing
and other purposes, consequently with our pres.
ent population now not short Of 1880, 900,
the consumption will be "a millions OF bushels
on account Of the low price, however, estimate
the consumption this year at 45 bushels per head,
making an aggregate consumption OF 93,25O,OOO
bushels; thus there will be surplus of 26,776,-
600 bushels to supply foreign demand. Let US
examine from whence this demand is to come
In ordinary seasons Of yield in England, the
annual import Of foreign bread .stuffs into that
and F lour included lis 20 mil.
lion OF bushels. One half o! this is from tho
United States direct andthrough the Canadas,-
and not less than 10 millions Of bushels more
equal to nearly 2,O76 900 bbls. Of FIour-38S
gallons OF standard wheat, being equal to a bbl
oi Fiour-fuds lis way to South America and
the islands Of the sea- We have balance of
6s millions which may go into the crop of '43,
without materially effectng the price OF '42.
Hence, con Jude, proUided there is an average
crop in England, the STATES on The Baltic. and in
F'rance-that although the price OF Grain will be
low, ii (prime wheaO will not fall, in the north.
ern atlantic ports, belotc ninety cents. Wheat
will bear to be shipped at St. Louis at As cents,
when the price East is ninety CENTS but no profit
;an be made on it. Tie great surplus Of wheat
his year, will be grown in the Western States,-
hose east oil the mountains, will not yield much
more than an average crop--probably per cent.
above it. Ohio will yield not less than 81 mil
lions Of bushels, being the largest grain growing
Stale in the Union. and estimating her popula.
ion in 1912 at l, 700,000 her surplus will be
$4,000, 900 Of bushels most OF which leaves the
State via Canada. Buffalo and Orleans.
From the best data within my reach, Isesmate
he yield Of those States bordering on the Mis-.
'issiPP, and Of which ST. Louis is the great de.
Dot, as follows
Illinois yielded in 1889, 3.335,OO0 bushels.
Increase in 1912 75per cent 5,S35,OOO
Missouri yielded in 1929 1887, 900 bushels.
Increase in 1872 100 per ct. 2,O74. 900
Wisconsin yielded in 1899 $4,000 bushels,
Increase in 1912, 200 per cent 636,OOO
Iowa yielded in 1889 $4,000 bushels,
Increase in 1912, 500 per ct. is $4,000
Making The aggregate wheat product OF these
States and Territories, nine millions four hun.
red and .fJty nine thousand bushels. The az.
,regae population of these States is now not
ess than 912, 900, being gain OF 10 per cent.
n the census OF 1910, and the consumption of
wheat at a! bushels 10 the head, is ABA, 900
u heIs-thus leaving a surplus OF five millions
I'D eighty five thousand bushels for export--one
all OF which will find its way thro' ST. Louis 10
he sea board. In conclusion | remark that
ne price (oi wheat Tor our surplus, will almost
molly depend on the English grain crop. If
has as short, there will be demand for more
han all our excess of yield and the price in the
orthern atlantic cities would probably rise to a
MINI "" VI Vi;-O, Win all upWdTu teHueHCJ'
on the other hand. the crop in GRIT Britain
louId be an average one, it is worthy OF note
5 consolation to the Famer-that from the
ear 1920 to that OF 1871, prime wheat has new.
r been less in price in PhiIadel phia than 90
ens, equal to S4 &c for 1856 lbs Tor bill OF
'Iour. This was in 1920 and 90. in both Of
,hich years This country and Great Britain had
lentiful harvests. Wheat in Ohio in 1920 sold
'r 20 cents, in 1926 it brought 3S cts The