Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1846-03-06

aDnring the years 1884 and 1889, Inc Enshsh
harvest was abundant, and prices 10 Danlzc ex-
tremely low, there being no demand Tor the Eng
I;sh market In 1888 occurred the memorable
g, ;,,re of the English harvest, which well nigh
broke The Bank OF England, and, as we see, IN
thar year prices in Dantzic rose enormously.
Mnreovcr there are limits 10 the quantity that can
he nroduced in Poland Mr.. Jacob estimates
,hat \ sndden demand for elk days consumption
from Enoland would carry up the prices forty per
cent Blu, supposing the trade free, so that per-
manent export can be relied on, ne has shown
that whea. could no, be regularly and permanent,
" delivered on shipboard in London snort OF
abon, 1856 per quarter, which would leave, ailer
waving charges. only 25s. 10 The grower in The
r;S,niIy of Warsaw We believe, however, that
aio ner quarter on bond in London, will give
net return Of 81 per bushcl olhe shipper N New
YORK which would seem, in the absence OF Inc
rio. now attending the English market from fac-
luations, 10 he a remuneratng price.
snow, at ASS. per quarter, The minimum pT'ce
al which wheat can generally be delivered IN
London from the Baltic, as shown by MI JACOB
land he is quoted as good authority by Mr. NC
Cnlloch the cosl of the wheat alone, on SHIP
hoard. from Dantzc, would be equal in London
10 SO - pei Dbl. for -four, allowing tour aud
half bushels OF wheat 10 The barrel, which, We
believe. is the Rochester estimate. To this IS 10
he added the grinding, making the cost OF Dbl.
OF aour from Baltic wheat in London 81 certain
~. Now, The prices Of flour in this country lor
twenty years past will show, generally, an am
ple margin between this price and the price
n The principal houT markets in the United States.
For the period Of six years, ending ls3O the ave-
rage price in this country was 80 50 me loves es
being in 1885, 81 IS; The highest in 1929, 10 So.
"For five years, ending in 1885, The average
was about IS 6l. the lowest, being in 1884, s. IL;
l:rhaet IN 1913 -S IS
nFor five years, ending in 1910. the average
was ST 33, being carried very high by The price
Ia 1887. when the country was actually import
ing wheat. because, in the wildness of the then
recent speculations, /, mad neglected to raise it.
"For the last FIVE years, the averages have
been as follow. nearly: 1871, SIS AZ; 1912, %;
ls43, 4 81; 1874, 4 GO; 1915, -; averaging
S o.. Now these prices 40 not look as though
there would be any difficulty in our competing
with Baltic -four al seven dollars barrel IN The
English markets.
upon the supposi,ion that the demand in England
remains as at present. But ii is an admitted fact
we believe, that the consumption in England IS
not as great as il would be under lower scale OF
prices. The means OF vast portion OF The
population are not adequate 10 purchase as
much bread as they would and should con-
sumo al the prices produced Nv the action OF
the corn laws. The average price Of -four ia
England estimating it in bbls for convenience
sake,) averaged 50 40 FER barrel Tor IS years,
ending in 1910, j, having been below 8 dollars
only four years out OF The 10; below dollars on
:, 1895 when the average was abou, IS. Now,
.upposing the corn laws repealed, and bread for
sale at free trade prices, the increased demand IN
England would, OF itself, produce considerable
rise in the Baltic ports, perhaps as much as Mr..
Jacob estimates and Of course afford an ADDITION
n margin for American competition.