Lewiston teller. [volume] (Lewiston, North Idaho) 1878-1900, 1881-11-17
PRICES OF WHEAT AT DIFF.
FERENT PLACES.


Of statistics show the average values Of
wheat at the principal exporting ports
during the month of September. These
we're 90 cents bushel at Portland,
~ cents at San Francisco, $l.28 at
New Orleans, $l.4el at Baltimore,
$l.44 at Philadelphia, sl.37a at New
York and $l.15 at Boston. Quality
and ocean transportation are the facts
that affect the price at the places of ex-
port. The difference Of 40 cents a
bushel between the New York value
and that Of Portland and San Francis
90 is, however, almost wholly due to
greater cost Of transportation from this
coast. In fact, the difference of this
cost il even more, since our wheat
would be worth more at New York
than the average wheat shipped from
that port.
An extensive buyer, shipper and
dealer in wheat of this section, has
furnished us, this week, with the fol-
lowing items which he assures us are
correct
PRICES OF WHEAT IN BULK.
At Lewiston and vic nifty 80 cents
per bushel.
AT Portland, 400 miles west of Lew
iston, it is SO cents.
At New York, 1900 miles east of
Lewiston, the price is $l.3s per bushel.
Difference between New York and
Lewiston price is So cents per bushel.
Difference between Portland and
New York price is 40 cents per bushel.
Tho cost Of shipping wheat via. the
mouth Of the Columbia river, from
Lewiston to Liverpool, for freight alone
1850. so per ton--9l cents per bushel.
Cost Of getting . bushel Of whea.
from Lewiston to Portland, including
sacks, land mono will be taken in bulky
storage, wharfage and commissions, is
20 cents per tushel; by rail and steam
boat. while the distance is only 400
miles.
The foregoing statement shows the
folly Of shipping our grain to the Pa
ci6c instead Of the Atlantic, after the
completion Of any railroad that will
TAKE our grain directly east 1T fair
rates.
Il Is conceded that the surplus wheat
ef the Pacific Slope must find a
market in foreign countries, or in the
Atlantic States where there is popula-
tion % consume it. At the present
most Of our surplus goes to Liverpool
which il east OF New York, SO that the
httsr place 10 found to .bc on the di,
Seot line hetween here aud Liverpool.
il then We substract the cost of ship
meot FROM this place to Portland and
odd it 70 our 80 cents per bushel here
" viii have 50 cents per bushel, then
sahstract this 90 cents from 81 SO cent,
The price in New York we will have
- cents per buahel with which to pay
The freight BY rail to New York. Will
40 cents pay the freight to New York
II il will then wheat will be worth
here 50 cents per bushel, when the
prices in New York is only $l.38 pei
sushel. Let us sec what the prospcc,
i: The ruling price from Chicago .c
New York is $500 per ton in bulk
\ Tho distance is OLE miles, which is .
little over one-third the whole distanc,
from here to New York directly b,
] nil. Now treble this $500 per tor
and 20 have $1,000 per ton, then ado
400 per ton for increased cost o
tran portation west of Chicago and W,
have $1,000 per ton as maximum
freight between this place and New
York, or 4Sl cents per bushel, leavin,
: margin Of one-half cent per bushe
afer getting our price, SO cents pei
bashel, At home and paying the freigh,
- New York. Now could our prc
ducers obtain SO cents per bushel al
Lewiston or ev n IS ccnts-l4 cent,
! less than our showing, there would b,
twenty acres sown in wheat wher
ebsre il one now, and our section o.
country would grow rich. and the rail
road = n wto carries our wheat t,
Nov Yes q % make money OF
their capital ihva. Why then il
4hess aot the strongest Involvement,