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Story
February 24, 1879
The Daily Gazette
Wilmington, New Castle County, Delaware
What is this article about?
A report highlights historically low grain prices in the state, lowest in 40 years, with Dover market receiving 1,000 bushels of corn daily at 37 cents per bushel. Farmers' calculations show minimal profit after costs, barely covering taxes and cultivation expenses.
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The Low Price of Grain.
We believe grain has not been so low in price in this State for forty years. A correspondent of the Dover Sentinel says:
"The fact that for some time past 1,000 bushels of corn has been brought daily to this market, where we have three men with money on hand to pay 37 cents down as soon as corn is delivered. Some cart their corn 8 to 10 miles. 2 cents for shelling, fanning and bagging, and 5 cents for carting, would only be clear for 56 pounds, (average weight being about 54 pounds) 29 cents per bushel, 3/4 off, makes only 95 3/4 bushels at 29 cents, or $28.44 per 100 bushels. 1,000 bushels, $284.40. That amount will not pay taxes and expenses for cultivating and securing said crop."
We believe grain has not been so low in price in this State for forty years. A correspondent of the Dover Sentinel says:
"The fact that for some time past 1,000 bushels of corn has been brought daily to this market, where we have three men with money on hand to pay 37 cents down as soon as corn is delivered. Some cart their corn 8 to 10 miles. 2 cents for shelling, fanning and bagging, and 5 cents for carting, would only be clear for 56 pounds, (average weight being about 54 pounds) 29 cents per bushel, 3/4 off, makes only 95 3/4 bushels at 29 cents, or $28.44 per 100 bushels. 1,000 bushels, $284.40. That amount will not pay taxes and expenses for cultivating and securing said crop."
What sub-type of article is it?
Curiosity
What themes does it cover?
Misfortune
What keywords are associated?
Low Grain Prices
Corn Market
Dover Sentinel
Farmer Costs
Economic Hardship
Where did it happen?
Dover Market, This State
Story Details
Location
Dover Market, This State
Story Details
Correspondent reports daily delivery of 1,000 bushels of corn to Dover market at 37 cents per bushel, with farmers carting from 8-10 miles away; after costs of shelling, fanning, bagging, and carting, net profit is only about 29 cents per bushel, yielding $284.40 for 1,000 bushels, insufficient to cover taxes and crop cultivation expenses.