The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1847-09-24

fhN''' III W IL lo ~
Illinois ..........O IS OBS OBS 0 Is
Michigan ........O SIS O25 80 o Is
Wisconsin, ...-...O 45 02O Ol5 0 Is
lowa.-......-..0 40 o Ii rs 0 IS
When we take into consideration the
great cost Of transporting produce, and
the incidental expenses Of storage, for.
warding, insurance, wharfage, commiss-
ions, risk of spelling and damage, &c. we
can readily account for the great differ
ence in prices of produce in different
parts of the United States. The conven-
fence Of water.carriage by rivers, lakes,
&c. and internal improvements, has also
great effect OF the prices of those arti.
cles of produce 10 which the soil and eli.
mate Of particular sections are adapted.
Thus we can account for the difference in
prices in New York, Pennsylvania, Ohio,
and Michigan, compared with Indiana,
Illinois, Missouri, Western Virginia,
Tennessee, Kentucky. &c.
1t has been estimated by a distinguish
ed British writer that a deficiency in the
wheat crop of Great Britain of one-tenth
would raise the price Of the whole crop
hree-tenths, and a surplus Of One-tenM
would depress the price oflhe whole crop
Mree-tenths, and so in like proportion; SO
that a deficient crop viii actually sci! for
considerable more money than an abun-
dant crop yielding a large surplus. This
is most clearly illustrated in the case Of
cotton exported from the United States
653 millions of pounds of cotton. of the
crop of 1912. were sold in 1874 for near
ly FIVE millions of dollars more than 79S
millions of pounds brought the previou.
year, and over two millions of dollar:
more thon S639millIons ofpounds brought
the year following.
In estimating the causes Of the greal
disparity in the prices Of products in diff
%ferent countries, we must look first tn The
fact whether the country produces a sur
plus, or produces less than the inhabit
ants need: if the former, to what marke
it car be sent, at what expense. and a
what prices it can be sold; and if the lat
Ter whence it can derive supplies, ant
at what cost of transportation. For in
stance, Vermont, though an agricultura
State, produces for each of its inhabit
ants, according to the census of 1910
less than two bushels of Wheat, less thai
one of Rye, and less than three of lndi
an Corn; and must therefore import Flou
or Grain; while Ohio produced for eacI
E of its inhabitants according to the re
turns of lS40, for the previous year, owe
: ten bushels Of Wheat, over half a bushe
: of Rye, and about % bushels of India
Corn; and had therefore a large surplu
/. 10 export. Ohio sent hcr produc,
mostly TO the New York market, via III
Erie Canal and the Hudson River, an
the produce got the New York prices
say SIS pei barrel on Flour, less about So
: % for cost and expenses aud profits {
= sending it to market and selling it, Will
J the people of Vermont were obliged t
send to Albany or Troy for a portion {
, their Flour-pay about S. per barrel c
q }. it, beside about rs cents for the cost an
expenses of obtaining it; and this raise
o the price of all the Flour made in thu
State to the same standard so the Vel
y mont farmer got more than twice as muc
o for his Wheat, and three times as muc
n for his indian Corn, as the Ohio Farme
: All these facts are taken into consider
n ton in estimating the average prices
g products in the States. They serve
y show the effect on the prices of produc
and the advantages 10 the farmer Of
mining, manufacturing or commerce
population in his vicinity. to create
II increased demand FORTS products.
}, Though Indian Corn in the States
Indiana, Illinois. Missouri, TennessC
and Kentucky, is put down in the foreg
ing Table at Is cents per bushcl. yet
70 is done out of Difference to the high esl
y mates of Professor Tucker, who has p
it in Tennessee at IS cents, and in Il
other four States at 90 cents per bush'
Mr.. Seaman thinks that the Corn crop
ll.tthose States cannot be worth, On an ave
no age, over l2t censts per bushel; and
@, many interior districts it often will n
On sell for more than s or 10 cents per bus
in ell. The Prices Current often show t
On fact that their Oats and Potates bear hie
or or prices than Indian Corn in the We