Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1829-04-13
COMMERCIAL

The following (says the Richmond Whig) is from
the best possible American source in England. We
imagine that may be depended upon. The prospect
for our bread growers better than the present prices
Indicate
"LoNpoN, Feb. 6, 1929.
II would give me sincere pleasure TO be
,ervicable 10 you. II has struck me, that by
communicating to yod, from time TO time, au-
then,ic and early Information Of the most inter-
which would be so agreeable TO me, and through
your valuable paper, render an essential service
to my country, and particu larly 10 Virginia.
For example, in the fluctuations oftbe value Of
our staples, were you regularly advised Of ex-
listing prices and Of future prospects, i, NIGH,
prevent injudieious speculation. on the one
hand, or injurious sacrifices on the other and
the present time furnishes. as think, fit oc,
casion for the commencement-i,s continuance
will depend on circumstances 10 which ii is
unnecessary now to refer. proceed TO give
an earnest Of the kind Of information propose
to communicate.
Firstly, tho present ard future price (pro-
bably) Of wheat. The price of good wheat, at
this time, is 80 IS the Winchester bushel.--
Much speculation prevails here on the probable
rise fall of the article, ard some difference Of
opinion exists. The result is Of great interes,
to our farmers. My own opinion is, that no
material change will take place. My reasons
will state. beg to premise, when speaking
OF quantities., it is an approximation Cusead of
arithmelica precision, which is impossible) 10
products and supplies on hand which is relied
upon Still, with the admitted sourccof uncer-
tain'y, much light is ELECTED by estimates
drawn from high and respectable authorities.
The population in Grea, Britain alone is es,i
mated al sixteen millions The quantity Of
whea, necessary for the support Of this num-
Der, were nothing to be substituted in lieu OF
wheat as bread. could not be less than a quar-
ter, or eight bushels, to each person and hence
100000 Of quarters for The whole To This
add | SOC, 900 quarters for seed-making, in the
aggregate, l7,3oo,ooo But Mr.. Jacobs re,
duces the quantity consumed in ordinary years
Of prodactiveness, to l2oO0, 900; and the seed
being 800, 900, the quantity required is 49,
500 900. The quan,i'y produced this year is
estimated at a6ou, 5000 ooo-making def
cheney Of 4, 100000 quarters. Now, in the year
'l6, they made about the same quautity-the
price then rose in America to from 50 rs 10
S3. Yet. in 'l6, :he sock on hand OF proceed
ing crops was the large amount o! 100000
quarters; while, in 20, the stock on hand was
reduced to about $50 900 quarters.
In the whole Of Europe they cannot supply
100000 quarters for expectation, beyond their
own consumption Indeed, France i, said to bs
short in her crop, so as to require foreign aid.
The whole surplus from America, l dpprehend,
could not reach, in round numbers, half mil
lion of quarters. The wheat in bond did no,
exceed the same quan'iy. Hence, it i, impos
sible that the usual quantity consumes by Gie AZ
Britain can be brought into the kingdom Blu,
as the poor have no, The means OF pure s,ng
at the present high price, potatoes and oats
must be substituted to some extent-and 10
what ex,en, is The principal question in an
swering which l would say, that as necessity
can alone reconcile the use OF these inferior ar
ticles, wheat will be used wherever there is the
ability to purchase il; and hence, as the sup
ply is unquestionably short ofthe demand, there
is good ground 70 believe tha, the present
price will be maintained and / apprehenc,
also, tina, the existing scarcity will be very SEN
sibly felt on our growing harvest.
Secondly, the price Of tobacco. That has
advanced from IS to so per cent. within the
last FIVE months. The reputed short crop in
America has contributed, in part, Ia this adj
vance. And the prospect is, from the diversion
Of labor from the culture of tobacco 10 wheat,
tobacco will continue to a5vance. II is believ-
ed that tobacco suited 10 the French market
will bring 200 francs TO the killogram, or 22S
lbs in the sales to be made this month 10 the
French Government"
49, FL laNs~ asxaAh x,f hA oroI