The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1877-09-20
in gold Let us figure the result :5ss,4,

|!t' 1o i"-:4'i SUI 1.;l. iAy'iH :;tfasnnfa
Decline iii piice:: :. ~. ,.::;!;;;.s; :;61
increase in lake freights ~. -. :. Z t..,;t t9y
Increase in canal freights "a: !. .:..... .yie8j
Increase In ocean sfreighta gold. =: ::!.,>9a
o., caused " oyef i dslivefy:: ; .:'x3
per sbushel,, Of ever go. per cent: Of the
value Of the corn to, the farmer at shia
home, market. With one half Of the,de-
liveries corn would be selling in. Chicago
Enow, and would have sold for othe,. past
three weeks, at over 60 cents. per. bushel,
forit has advanced from25s.6dt toi27s6a.
in the foreign markets per quarter; but
this advance and twice as much has! been
eaten up in extra freights: This is q sim
pie illustration and one that any farmer
can understand, ~'';." :. ! ,:;:, .:::1.:3.
Lake and canal freights were far too
low before the advance but an, average
delivery Of four hundred cars per day
would have kept freight to not over 81
cents, and canal 6 cents, and ocean freight
8 pence so at all events saving Of .15A
cents per bushel would have been effected
Of a cents by lake, ~ cents by canal,
7%cents by ocean, and 6 cents in price, OF
154 cents in all, and every one get fai1
freight for the season. Of course: raisers
of wheat suffered in the same proportion.
The lesson is simple. All rise in expenses
comes out of the producer. Large deliv-
cries raise freight and cut down prices
They are two-edged sword of the sharpest
kind. The remedy is simple. When:
ever farmerssee that large deliveries are
raising freight on lake, canal, and ocean
from 25 per cent. to double current rates
stop hauling in your crops at once; this
course will add at least Is cents pc,
bushels to the value Of all your corn and
wheat, take one year with another, TO,
you lose largely in expenses as well as in
prices by over deliveries, aud all. deliver
les are over deliveries that so raise freight
and SO reduce prices that you are obliged tt
sell at or under the cost of production
Follow the example of the British anG
French farmers-they deliver leisurely al
the year round unless lack ofsupply gives
them large profit. -.....
In my next I will endeavor to show
the needs of wheat buying countries and
their sources of supply, but the only re.
liable source for the next twelve months
is the wheat-growing states of the. west
The latest Mark Lane Erpress, as see
by your issue of this morning, at last &C.
knowledges the desperate condition o1
the British crops, but goes on to say
F"Our granaries are glutted with wheat
This statement is downright and posi-;
tive lie. Whoever saw q rising market
when it was glutted with the article or
which strong advance was being made
daily: Our lumbermen and ironmaker<
glutted their markets. Ask anv of them
the result. Have prices of lumber and
iron advanced on a glutted market
Closed workshops and mills, and hun
dreds of ruined owners tell most patheti-
cally the tale of glutted markets.. Ou]
ship-owners overbuilt tonnage till thu
market was glutted. The result was ruin
A glutted market means an overstock fa
beyond the requirements Of consumption
The very reverse is the case with whea
in Europe. Farmers, do not be deceived
Deliver slowly. Over production of lum
Der, iron, or tonnage, and over deliverie
Of farmers produce always have and al
ways will produce only one result-loW
lower, lowest prices, and finally glutte'
and immovable, dead market. -