Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1891-11-11

ne Only Hope for the Enrmsrs-Rusuan
snd India Compete In the Rorslgn Mar
ket = Better Prices to be Found Only
Among American Consumers-F
buy Food drown st Home
The American Economist has received
the following inquiry from Wilmington,
N. c.:
The free traders claim that n the duties were
removed from farm implements and other
things used by farmers that they could make
the agricultural products much lower that
there would DO . demand In Europe, ana on
socount Of buying the manufactures In Europe
We could ship an equivalent In farm products
What Is your answer
II our correspondent had in mind
Roger Q. Mills theory that larger pur-
chases of manufactures from Europe
will persuade European countries to
buy moro of our wheat and meats, his
first question il answered in the simple
fact that this theory is pure product
Of demagogism, and silly beyond COM
pare. Black, the English cloth maker,
sells all the cloth he can to American
buyers without any reference to the
transactions of Brown, the English
wheat dealer. Brown. on the other
when they offer it at lower price than
sellers of other countries offer It Tho
respective transactions of the two En-
glish merchants have no relation to
each other. and are governed solely by
the considerations OF pounds and pence,
not in the least degree by sentiment
In 1880 we had the wheat market of
the world practically in our own hands
Millions of acres of our wild prairies
had been brought under the pillow, and
every bushel we could spare was ca
gerlysnatched up by Europe. But about
that time the wheat producing capacity
of Russia, India, Australasia and the
Argentine Republic started on their
course of development, which has since
almost crowded American wheat out of
the worlds market. Notwithstanding
the extremely low price at which it was
offered According to the report on
Commerce and Navigation of the
United States" for 1890 the quantity of
wheat shipped from all the countries
mentioned was, in 1880. EOS, 121, 81
bushels, of which this country supplied
SO per cent In 1888 the total quantity
shipped to the worlds markets from the
same countries had grown to 281, 1872, 1874
bushels while our share of it had fallen
to less than 20 per cent.
At this point the disciple of Roger Q.
Mills will break in with his IT told you
So We maintained our Chinese wall of
protection, persisten.ly refused to buy
European manufactures, and as con-
sequence Europe has gradually stopped
buying our wheat" This theory is
doomed to the fate of others built up
regardless of facts, for the record of
our dealings with Europe shows that
during this period, while Europe's pur-
chases of wheat from us were declining,
our purchases of goods from Europe
grew from sl71, 200, 600 in 1880 to s4O7,
900, 900 in 1883.
That sales by one country to another
have nothing to do with determining
its purchases from the other country is
particularly apparent in the history of
our wheat transactions with the United
Kingdom. From 1880 to 1889 our share
in supplying the British market with
wheat rapidly diminished. The country
which took our place in furnishing
wheat to Britain was Russia, country
with n more exclusive tariff than ours
and purchasing of British goods usually
about one-fifth of what she sold Great
Britain. The following table will make
these facts plain:
SHARE OF RUSSIA AND THE UNITED STATES IN
SUPPLYING WHEAT TO THE UNITED KINGDOM
SINCE 1890