, 1863-01-12

tAnt prices would therefore fall 80 much TIM
no advantage would be left to the producers
As applicable to and as VIC believe conclusiv
upon this question, We are permitted to pull
l!sl the following: .. :, =
In hfay last, hlcssrs. Dasid Dor;s s. Co., Q
New York, addressed the following letter t,
their correspondents in Eng1and:,
Nxw Yunk, May 10, 1sGa.
mcnt hns. lately been called to tue present In
adequate frcightfng facilities offered tic rraiI
growing States Of the ''Grcat Wcst.6 fo
l1lnclng their surplus productions in r11arkc
On the Atlantic seaboard.
During the year now past the cost Of trans
porting b1lshel of Indian corn or ulaixt
from its place Of culture to the city O
first cost from the hands Of the f,rmcr, or it
other words, q busl,el Of Indian corn fol
which the trador puid the Western f.rmcl
~ cents or sd sterling, costs when placed il
this market TO cents, or 2s. 3D. sterling, oW
Ing to our limited transportation facilities
aud the immense demand made upon them
curing ti1n the season Of lake and canal naviga
Wheat being an article Of greater value
tho relative proportions Of first ostaud frcigh!
charge, we're not SO large, yet proving, never
theless, very excessive, and nearly cnua1 to
its net value at the point of shipment.
II by means Of adequate canals and railroads
these freighting tacilities were 80 increased
as to meet the demands Of extending agricul.
fuTc and commerce, the cost Of inland trans.
portation, would be materially reduced, and
the price Of brcadstufrs in this market fixed
at Il rate that should induce Great Britain to
draw her entire supplies from this source, ii
much greater advantage to herself than from
any other country.
i has been nrgsa, however, that an increase
of receipts, and for which it viii be diitlcult
TO find market, but wo think it il evident
that when standard article is reduced ia
value, from one quarter to half, its cousump.
duction.
In order That this problem may be definitely
solved. and afford material for calculation, We
would esteem 1t a particular favor if you
would give us, by letter, your views on the
subject, and state what additional supply ol
brcadstufs Great Britain would take from this
market Mt price, say onc-fourth, or one third
or one-halfb below the average quotatiousfo the
last few years. The former reduction will
apply more especially to wheat, and the two
latter TO Indian corn. Also please state what
proportion Of your supplies are drawn from
the Baltic, France and the Mediterranean, and
at What price they would cease to become
competition III your mnrkct.
as this is a subject of very great Importance
to our respective countries, we would beg
your careful attention to It in making yoai
reply, md if, IN addition to your own views,
nent Liverpool houses in this branch Of
trade, NC will feel much obliged to you for 50
doing. Yours respectfully,
(signed} DAVID BOWS & Co.
Among the replies received Tas the follow.
ing, from on eminent house in London:
IN the reply Of your letter of tho 18th May,
We beg to state that we naturally share yo1f
opinion of the. desirablencss of reduc.
ing tl1c cost Of trausport Of rrain
from the Great West to the sea.
board It may, however, be questioned
whether the action Of Government can be
ptohtaoiy applied to such purposes. Expe-
rlcncc has! mostly decided In favor Of private
enterprise as cheapest and most effective iu
commercial operations.
With regard to the sale of additional SUD-
plies Of wheat, on this side Of the Atlantic,
NC do not doubt Of any considerable quantity
fnding buyers Mt proportionate reduction
o. Prizes " ths so Pr oprcsept population Of
nEe consumers Of wheat exclusively, using uu-
nually upwards Of 10O, ,000, 600 Of a1artcrs. or
bushels
This mass Of people may bo considered to
press always close upon the means of subsfs-
tencc or supply Of food, since there is no in~
stnncc within the memory Of man of anT large
accumulation Of wheat for want Of buyers Or
consumers.
As the British Empire ,scs barely onc.ffth
Of tho quantity stated, the value Of wheat in
England docs not only depend on our own
wants and supplies, but also on those Of tho
othcr whcat.co'lsumfng countries; tho price
III the English markets is in Glct the currrnt
t4tbrf &1%ns, rF f...
lion. Any cxtra supply from thc Unitcd
siatcs, though III the flrst instance perlmps
only efsctlng our markets, would In tho lotig
run dcpress prfccs all over Europe. tho eSte,lt
ofdcpression depending on thu quantity adtlcd
10 the general supply.
three abundant eeasons Is required to reduce
prizes to t1ie lowest fcvel 9nch. In this
country, wns tic caau III lH3S55, when The price
Of wl,eat In England nycrnged 3Ic aud aflow.
itlE u Tor transport, tho Et,roruuta price
would i1lch lnvc hcvn 3os. T'hts low period
WIN not of long. duration, nild tho llrst in.
hlatrt. Mol to nltndc To tllc nycrugc rrcrs Of
tl'ta country, which wcro higher, 10 ilnd tlrt
during lflc Inst twenty-five yunrs tho English
picr averaged 54B III, md tiIl,lng or IL id Dr
ttnn'lort. we tMye .lSa ns thu rrlcc for
tilr rrrlod. Tint figure 'u.s alto been
'!!e l,aaxlc Aysr.9e l'rho for fully century.
side ,wonld olertu In t'Ie ka.nn way M u n,,c.
ern'l"n abundant crops. II would, lncourho
Nf tInlc. drprcss ErEccs to tito minimum Uf
;,It III England, aud S0s 1n Europu. Suxi,
slate wnultf l'rrsnrin,re TINT Amcrlca could
furnish IN annually increasing l,,1ncslse sun.
lay, 1T tliS eo.i Of Us i'd per 6nHl4el, FREQ on
onartt ut tl,c shipping ports. nnd probably ITO
!rss II quantity linn flvo hundred millions u!
husl,cls would have tlat effect.
II IL not to bc left out Of confederation TINT