, 1842-10-01


of a barrel Of tlour) per annum to every
inhabitant. This also allows for tht
quantity used in manufacturing and 9TH
er purposes, consequently with oul
present population, now not short o
1880, 600, the consumption will be "A
millions of bushels-on account Of the
low price, however, | estimate the con.
sumption this year at 4 II bushels pei
head, making an aggregate consumption
Of g. ,250,OU0 bushels; thus there vii
be a surplus Of rs, 776,OO0 bushels &c
supply foreign demand. Let US examine
from whence this demand is 10 come:
In ordinary seasons of yield in Eng,
land, the annual import OF foreign bread
stufs into that kingdom-Grain and
Flour in~cludcd-is ~ millions of BUSH
els. One half of this is from the United
States direct and through The Canadas,
and not less than 10 millions of bushels
more-equal 10 neariy 2,076,000 bbls.
of Flonr-iinds its way 10 South Ameri
ca and the islands of the sea. We have
a balance of q - millions which may
go into the crop of'43, without material
ly eIecting the price Of AZ. Hence, |
conclude, prouidei there is al average
crop in England, the States Oh tie Bal
tic, and in France-that although the
price of Grain will be low, it (prime
wheat will not fall, in the northern al
lantic ports, below ninety cents. Wheat
will bear to be shipped at ST. Louis at
45 cents, when The price East is ninety
cents; but no profit can be made on it.
The great surplus of wheat this year,
will be grown in the Western States,-
those east of the mountains, will not
yield much more than all average crop
probably ) per cent, above it. Ohio
will Weld not less than u millions of
bushels, being the largest grain growing
State in the Union. and estimating her
population in 1912 at l,7O0O, her SUR
plus Will be 100000 Of bushels, most
of which leaves the State via Canada,
Buffalo and Orleans.
From the best data within my reach, |
estimate the YELL of those States Dor
dering on the Mississippi, and OF which
ST. Louis is the great depot, as fellows:
Illinois yr"'drd ~ lc39, $685., 90 bushels,
lncreas Sc in AZ, 15 per cent sj.S35 h0h
Missouri yielded III 1889. 1897, 40 bushels,
Increase IN 10 100 pc; ccmt is 2.O74 900
Wisconsin vrclued in 10 8 PIG 90 bushels,
Increase in ~, 300 er cent is G36.N0J
Iowa yielded m 1899. Ij4.0O0 bushels.
Increase in ~, $40 or ecu, is 92I,O00
Making the aggregate wheat product
Of these 4 States aud Territories. nine
millions four hamdrei and. fifty ninc thou
sand bushels. The aggregate population
of these States is now not less than
being a gaia OF ID per cent. on
the ccnsus Of 1910. and the consurnp-
lion of wheat al 4 - bushels to the
head, i, 1874, 00U bushels-thu> leaving
a surplus Of five millions and eighty five
thousand bushels for export--one half Of
witch will find its way through Sain,
luis to the sea board. In conclu,ion |
that the price (of wheat) for
2m- n plus, viii almost wholly depend
on tie English gTain crop. II ms as
short, there will be G%cina'd for more
han al our excess of yicit, :nd The
price in the northern atlanta ci':Hs
would probably rise to the minimum Of
81 ,25, with an upward tendency. If on
he other hand, the crop in Great Britain
be an average one ii is worthy of
note--as a consolation 10 the Farmer
hat from the year 1890 10 that Of 1871,
prime wheat has never been less in price
Philadelphia than 81 cents, equal TO
a GO for 1876 lbs. or a bbl. of Flour.
This was in 1920 and '.26, in both of
which years this Country and Great Bril-
ain had plentiful harvests. Wheat in
Ohio in 1920 sold for 20 cents, in 1876
1 brought SO cts. The discrepancy be-
wecn 20, 80, while the prices OF each
;ear were the sane 92 in the atlantic
titles, may be accounted for by the fAcili-
les Of steam navigation in 1926 over
$50. again repeat my conviction,
hat prime wheat during the present sea-
on will not go Jeiow so cents in the
lorth Git will cost 40 cents TO land it in
New York; atlantic cities, at which
in New York it which command
Icre, (Saint Loni,) 10 cents per bushel, !
provided it is Standard weight and in ,
god condition for foreign shipment :
Which 1t will not be, however, until the
Month Of October. I
shall address a private Circular TO {
hose who will furnish me their address, !,
II the 10Th Of October, giving the prices /
nd prospects 10 ON own LSt. Louis ,
rain and Flour market, and as | have II
judicious correspondents in Boston, /,
Jew York, Philadelphia and Orleans, ;
nd design TO open a direct correspond
nee with a Liverpool Grain house, shall
e able TO give the earliest and bes, adj
from those respective markets.
GEORGE X. BUDD.
St. Louis, Sept. 20, 1912. %
Notice. I