New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-08-30
orr FARMERS FOREIGN MARKET.

The Mdrk-Ldne Express UIondOn) has the
following judicious structures on some features
Of our industrial policy:
Continually have we commented upon the practice
pursued In tho United States of exhautDg the
advance TO tho West Of also opening out fresh tracts Of
land to the pow stu further west This system has been
psndcnce, ana has been carried TO such an eI.
tent that the line OF cultivation which, thirty
or forty years ago, formed the boundary OF produc
ton has now been extended hundreds OF miles west
ward OF the great depots OF prOduco-Chicago aud
TO those depots added that OF getting New
York and thence TO Europe Is the most important ele
future regulate the amount sent to that market Its
S1s o, the %hse @ g" Gn OF
mining. that It shall be conducted with profit and
above pense OF production and OF transit 10 the
place OF consumption While that profit Is galned-how
small II may be-producon will continue. because
small profit encourages the hope that prices Will adj
But let the expenses OF production and transit
also increase so a. to swallow up not only the pront but
large share OF the intrinsic value OF the article prOduc
ton must then OF necessity cease. or DO confined to the
local demand.
American farmer West getting precisely into tins
position. While wheat selling IN Europe at from Goa.
To per quarter In s68 the United States farmers
were able to do business at profit and they conse-
auenty sent more freely than they had done for some
the producer shipper profit or even to cover the
PrSs Of U whS n s2S PS
bushel OF which onethird, or 81 2d represents the
with tho cost OF production swallows up large portion
OF its value Then TO the price Mt NewYork 6s Cd
be added the charges OF shipping freight, insurance,
landing warehousng, commission and waste, which
less thgf-sHy S. per quarter making the cost
psre 20 tho singer when delivered I'm Europe about b7s
per quarter which Is several shngs above the market
value In fact, prices have been high In America both
during and the that what wheat has been
here, except ,SoS is said to have been sold at loss
"The present price OF wheat at Chicago Ia o. 49, or i
per bushe add this As Id for the transit New
York and I'D per bushe TO get into the European
ke raiss The price 20 rs ed per bushe 6s 81 per
Or tho cost price In warehouse. This certainly would
DO realized here at present whatever may after
harvest IT, however may judge from the activity of
the wheat trade In New York when the last adyIces
came prices still looking up therewhetEer
seqp Ice OF deficient crop or an extra demand from
euuarter remains to he Al rate, there ia
present prospect OF much OF the wheat from the States
finding its way TO Europe under tho present circum.
stances OF tho two continents and IL the Americans per-
eeed and OK driving production farther and farther Into
the West and thus placing themselves Mt increasing
distance the European market the time may be
tant, but IL will surely come. when that market will DO
closed against them price, however cheapy they may
be able tn grow their wheat Even In Spaln In the prov
OF Old CASTLE, the price OF wheat Is seldom more
than Ia. od per bushe yet at Seville, IL Is profit.
able for tho merchants to Import wheat from the United
States than TO bear the OF fetching 10 by the mis-
cradle roads or no roads between that city and CASTLE
On the other hand when very low prices rule In England
and France, the wheat crop In the western States of
America Is scarcely worth harvesting, and under such
circumstances the fields have often been reaped
net value not covering the expenses.