THE FARMER'S WAR AGAINST MONOPOLIES. 331 



is limited ; the entire value of wool consumed, not of 

 our own production, is less than that of the wheat alone 

 exported. Meanwhile, Texas, New Mexico, and Cali- 

 fornia will soon supply wool in such quantity that the 

 growing of sheep for wool alone must become even less 

 profitable than it now is in the Northwestern States. . . . 

 " An increase of five cents per one hundred pounds 

 in the cost of transportation from Western States to 

 New York or other Eastern markets is equivalent to 

 three cents a bushel on wheat, two cents and eight- 

 tenths on rye and corn, one cent and six-tenths a bushel 

 on oats, and (allowing for convenience forty-nine pounds 

 to the bushel of barley and buckwheat, laws of different 

 States varying widely) two cents and four-tenths to the 

 bushel of barley or buckwheat. At these rates, suppos- 

 ing the change in rates to affect the whole crop of all 

 the Northwestern States alike, the loss in value to the 

 farmer upon the crop of 1871, as given in the latest 

 agricultural report, may be thus stated : 



Loss in 

 Quantity produced. Value. 



Wheat 149,600,000 bushels $4,488,000 



Corn 690,900,000 " 19,345,000 



Hay 10,915,000 tons 10,915,000 



Oats 153,789,000 bushels 2,460,000 



Rye 6,625,000 " 185,000 



Barley 10,019,000 " 245,000 



Buckwheat 1,694,000 " 41,000 



$37,679,000 



" This loss of over $37,000,000 in the selling price of 

 the products of 44,375,100 acres cultivated is about 

 eighty-four cents an acre. It is a loss not of valuation, 

 but of the yearly income or profit upon which valuation 

 is based. The actual value of land for farming pur- 



