Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1829-04-10

prospects, for our bread growers Is better than the prices
indicate:
LONDON, Feb. 6th 1899.
It would give sincere pleasure to he serviceablc
toyou 1tias me, that by communicating to you
IRON time to time authentic and early information of
the most interesting events to u.s. might effect tho
object which would be agreeable to me. aud through
your valuable paper render essential service to my
coantry-and particularly, to Virginia. For example
IN the fluctuations fe value OF our staples were you
regularly advised ofcxisting prces outurc prospects
lit might prevent njudicious specu!ations on the QUE
hand, or injurious sacrifices on the other-and the
present time furnishes, as Il think fit occasion for
the commencement Its continuance will depend on
circumstances to which 1t is unhec r to refer
proceed to give earnest, of the kind Of ipforu-
ton. propose to communicate.
Firstly the present and future price, (probablyl of
wheat Tho price of guod wheat at this time is 81 %
the Winchester bushe. Much speculation prevails
here the probable rise or fall otathe article-and
some difference OF opinion exiss--the result is of
great interest TO our armers-Iny opinion is that
no material change will take place-my reasons
Will state:-l begto premise when speaking fquanti-
Ties is an approximation nstead of artetical pre-
cision which is imnossble to products and supplies on
hand which is relied upon. Still with the admitted
source of uncertainty much light is elected by
estimates drawn from high and respectable antho-
rites. The population in Great Britain, alone. is
estimated at sixteen millions. The quantity of wheat
necessary Tor the support OF this number nothing
10 be substituted in lieuof wheat bread could not
be less than quarter ght bushels to each person
and hence 10000, 900 ofquarters for the vhoc--to
this add 800, 900 quarters for seed making in the
aggregate l7.3eO,O00 But Mr.. Jacobs reduces the
quantity consumed in ordinary years of productveness
TO $4,000 900; and the seed being 800 300
The quantity required is 10 800 600. The quantity
produced this year, is estimated, ut about 9OO0-
6oo,--making deficiency Of 1900 900 quart
ers---Now in the year sixteen they made a.
bout the same qiantity--the price then rose in
America TO from S2,T7 to 600. Yet in sixteen the
stock on ndofpreceding crops was the large
OF 5000 ODo quarters, while in % the stock on hand
was reduced to about $50, 900 quarters.
In the whole of Europe they cannot supply
100000 quarters for exportation beyond their own
consumption; indeed France is said to be short
10 her crop, SO as to require foreign aid Yhe whole
surplus from America / apprehend could not reach
in round numbers, half million of quarters. The
wheat in bond did not exceed the same euantitv-
s,,med by Great Britain can be brought into
The Kingdom. But as the poor have not the
means OF purchasing, at the present high price, po-
tatoes and oats must be substituted to some extent
and to what extent is the principal question: In an
swerng which | would say, that as necessity can
alone reconcile the of these inferior articles
wheat will be used wherever there is the ability TO
purchase it, and hence the supply is enthusiastically
short ofte demand there is good ground to believe
that the present price viii be maintained, and ap-
prehehd also THAT the existing scarcity viii be very
sensbly felt on our growing harvest
Seeondly,-Phc price OF tobacco. That has advan-
.ced from 25 to SO per cent. within the last FIVE
months. The reputed short crop in America has con-
tributed in part to this advance And the prospect
sfrom the diversion Of labor from the culture of to-
bacco to wheat-tobacco will continue to advance
It Is believed that tobacco suited to the French mar
frt will bring 200 francs to the kilogram or 228lbs.
in the sales to be made this month TO the French
Governments.