Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1873-10-02
suits achieved, compared with the pldp

suits achieved, compared with the pld;p
In other words, the distance which corn
may be moved by ordinary means over
IN ordinary highwaJ is l25s miles, and
the distance by rail is 1,600 miles. The
Importance of the rate of transportation
by rail to the producer OF corn will'be;
readily perceived when it is remember
ed that every addition to the rate of one
and a half cents per ton per mile dimln
ishes tho distance to which the corn may
be carried. If the rate be reduced, 10
one cent per ton per mile, then the corn
may be carried 2, 400 miles: if, however
tho rate be put at two cents per mile;
then it can only be taken 200 miles. In
all these cases it is assumed that the
price is rs cents per bushel.
The prices of corn and wheat are regu-
lated and controlled by the prices in
Liverpool. That is to say, the price in
Liverpool is the maximum, and theprice
at all points back to the place of produc-
ton is the same, less the-cost of trans
portation. The low price of corn pro-
hibits its transportation by rail for any
considerable distance, and hence the
great value Of the cheaper transportation
afforded by lake and canal navigation.
But this corn and wheat have to be
brought to Chicago by rail, and, assu-
ming the average distance to. be $50
miles, the importance of the rate per
mile becomes evident. Thus car con-
tains 10 tons, or 357 bushels of corn. If |
corn is selling in Chicago at 40 cents per
bushel, which was the average yester-
day, we have the following results on a
carload of corn:
$50 miles at II cts. per mile per ton $50 SO |
$50 miles at cents per mile per ton so 90 |
80 miles at g cts. per mile per ton GO 90 !
250 miles at 3 cents per mile per ton rs 90 |
These rates world make the charge |
per bushel at 104, IA, III, and 81 cents |
per bushel from the point of shipment |
to Chicago, leaving the producer for his |
corn the difference between that rate and |
the selling price in Chicago. This mar
gin, or the commercial value of the corn
in the hands of the producer, is enlarged |
nr reduced as the price rises or falls in
this market.
We have compiled at the rates prevail
ing on Tuesday last, at noon, the follow
ing schedule OF the cost of moving wheat |
from Chicago to Liverpool, where, at the
same date, wheat was selling to arrive at
II shillings 10 pence, or 81 90 per bushel:
Storage, inspection, etc., Chicago, 24;
AXE insurance, lc; freight to Buffalo,
l4c; charges at Buffalo, l1c; canal
ireights, l2c; New York charges, &c;
ocean freights, (l4d,) in currency, &c.,. /
ocean insurance, shrinkage, ETC., and
charges in Liverpool, ll4c; total cost OF
from Chicago to Liver
pool, isle; selling price in Chicago, 81 IA;
,otal Sl02l. This is the cost OF transpor-
alton. where the rail is only.nsed to reach
water navigation. Assuming the dis
ance from Chicago to New York by rail
o be 1000 miles, the freight would cost,
including inspection and storage here,
lbout 4Ic per bushel, against the 304c by
AXE. The lake freights, however, are
higher than usual. Any addition by the
.ailroad companies to the rate Of oreand
. half-cents per ton per mile would dpro-
increase the adequate cost
If moving the wheat from Chicago by |
all to New York.
The two pressing evils which directly +
lffect the producers OF corn and wheat
Ire, Q) the inadequacy Of the Erie canal
% carry the. grain that could beforward-
I'd, and (2) the high rates charged by the
for bringing this grain to Chi
ago. As,we have said, it makes;an i'm
nense difference to the producers whether
: -'-,-A for the average distance Of 250'
-:-!s, at,tyg-.,..l [. 80 ia Th;caon he /.