Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1851-03-22
THE GREAT GRAIN MARKET OF THE
WORLD,

But three wears stree we were assured mat
Europe was TO afford us market for almost
countless millions of bushels of wheat and
corn. oIf the energy of our own people,"
said the then Secretary of the Treasury, "can
add sal, 1892, 3S2 10 the export and supply
of our breadstuhs and provisions in single
year. what could they not add TO such pIo-
ducts if they enjoyed the free duty of the
markets of The world gu An increase of do.
meslic exports similar to that which had then
Ireland, might give, 1t was supposed, Ill the
year lSl9 an amount of not less than three
hundred and t,teHty.nine millions of dollars
and yet we have now reached the year 1851,
and are exporting less cotton. less food, and
less tobacco than we did before that time
That we have less food TO export is certainly
most fortunate for our farmers, for there ex-
lists no market abroad nor is it likely 10 ex-
ist. We have now before us the London
Mark Lane Express of last month"; by which
it appears that the average prices of wheat
throughout the kingdom range from Thirty
four 10 forty pence or from ninety cents to Il
dollar per tushel. Now, admitting that the
anticpations of the late Secretary had been
realized, aud that we had now this large
quantity of food to send abroad at what
price would it sell Would it command, in
the Market of Britain, even thirty shillings
per quarler; or seventy.fve cents per bushel,
leaving for the farmer even fifty cents here
1t certainly would not His anicipations
have not been realized, and we have less TO
sell, and therefore prices are maintained
and this is regarded by him, we doubt not,
as evidence of the soundneSs of the theory
on which was based his alteration of the
tariff of 1912. So is it with all these Eng
lish economists. Their predictions are never
realized, yet are they never dishearened.-
British free trade must be right; however
wrong they themselves may be. We are
now importing enormous quantities of food,
in the form of iron, and we can export
scarcely any TO pay for it, and this is supposed
TO be the process by which the farmer is 10
| 7NSN'S "'Sh l'iScS io' hiS PlouuSlS uul outdlu
his iron cleapIy. In Ohio, says one OF our
exchange papers, Gone thousand two hundred
| square miles underlaid with iron. A region
| explored in 1888 woull furnish iron sixty one
miles long and six miles wide a square
would yield 100000 tons of pig iron; so
that this district would contain 1000, 900, 900
tons, which would last 2,7OO years--as long
a distance certainly as any man looks ahead
The States of Kentucky, Tennessee, Indiana
Illinois, Maryland and Virginia possess mex
haustible quantities Of iron ore."
And yet Ohio, Indiana and Illinois, which
have only food to sell, are rendering them
selves daily more and more dependant for
iron upon distant country, in which wheat
sells at from ninety cents 10 one dollar per
bushel and in which iron will again sell for
| fl0 per ton, when the remainder of our fur
naces shall be blown out, as they are likely
soon TO be. Our farmers who have food 10
sell are daily diminishing the competition
for the purchase of their products, and for the
sale of iron, the result of which must inevi.
tabIy be, and that ere long, cheap food and
! dear il on Lancaster Examiner.