Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1847-03-25
RICHMOND DAILY WHIG.
Foreign and Home Market.

In tho Enquirer Of Monday last find the following
paragraphs
1.-THE Washington Era publishes an estimate taken from
letter to the Secretary OF the Treasury OF December TO-
1885, OF the quantity Of several staples raised in the Unit
ed States. with the value Of each production. according
The prices they bore in the New York market, the let
December lasts
Cotton, $50 OOO.O 900 pounds, worth S73l5OOOO
O,is, l7y52e. 500 bushels. worth 69,5s7 40
Rice, 97,Iil 500 pounds, worth 1856 iS3
Barley. 5.676, 900 bushels, worth 34343l3
RYE, %, s92, 800 bushels, worth o3i65 GIG
Wheat III .202. 500 bushels, worth l2l,OIl s9l
Indian corn, 459 666 900 bushels worth 2lls7I $50
"But this only m approximation and surely falls be-
ow the actual quantity Would the Wing "home-
consume these immense products The farming
must look the markets of the world under the
influence Of tree trade, to compensate their labor"
One would naturally infer. from the Undergraduates Of the
Enquirer, that the foreign market tho main reliance
iarmer for the consumption products OF the soil and
that the home market comparatively OF trivial Importance
But the the fact may be satisfactorily ascer
tanned by reference the official table Of exports We
have before us statement OF the quantity o; Wheat and
Flour exported from 1891 to s45 inclusive Dividing this
years perods-tho first ending with the
close of the last War Great Bran-we find the follow
ing aggregates:
For the 81 years ending with 1874 the total exports
follows;
2O474,6s5 barrels 7,s43,2l6 bushels,
Annual average 9749s5 3734s6
For the second period OF 81 years. beginning with 1915
and ending with the year ls45 total exports were as
follows;
Flour. Wheat
3p,Gl7,7l3 bbls. 6,079,sl3 bushels
Annual average 9s7 ,66s 1924
We have means OF useortaning what the annual
amount Of production during these porod; but there
have been remarkable uniformity the amount
OF The foreign demand the annual average the last 81
having been about the that preceding
~ years, it not material the object have view,
,~hic fs shn hat he rkctt
portan auxiliary the home demand is in compsri-
with the lnjter utterly insignificant.
By the copied above from the Enquirer it np-
pears that the product OF Wheat the United States in
1886 was ll7,2O2 500 bushels
The quantity exported in ls45 TO all
foreign countues, in the shape OF
wheat and hour, amounted 6,363 $50 bushels.
a5Leaving for HcNE CoSsUNFrioS
the immense amount o! ll0,s3s 934 bushels
In other words, the domestic consumption OF this great
pe-ihe only important article Of broad-suffs exported
until within the last twelve months the starving condition
OF the Irish pensany mas created demand Ter Com and
some other aruees-is as TWENTY to ONE, compared
with tie foreign.
For the year ending 1916 in consequence OF the aug
mon'cd demand in Europe the exports Of Wheat and Flour
larger ,han IA ls45-bu this increased demand was
oceaouod by the repeal Of the British Corn laws or b,
the modification OF Tauff but by visitation Of
Providence, cutting short the harvess both Britain
and the Coninen-enhancing the necessities the peo
pie Of England, Scotland, Ireland and France while one
OF ,her usual Of supply had been simultaneously
off The total amount OF wheat and flour exported in
1876 Is estimated, upon data furnished by the Treasury
Department. about 10 100000 bushes-about double
asmuch as at any anteeedent period. But deduct this
amcuntirom annual product and leaves hundred
and four millions Tor home consumption
This, TOO, be remembered, only of the numer
products OF the soil, which the subsistence
OF the people and Of which consumed exclusive
ly home. Let us look another article o. greater i'm
poanee, both in the produced and in Its estimate
money yaue-lndian Corn Il is stated that the annual
product of this important staple, in the United States
amounts 10 about $50 millions OF bushels. Until recently
was all consumed in the home market Latiery how.
ever is working lis way abIOad-as may be seen by the
following table Of exports: