, 1843-05-20
CIRCULAR
On the Prospect Of the present growing
Wheat Crop.
ST.. Louis, Nav 10, lS43.

ST. LouIs, May 10, lS43.
To MY CoRREsPoSpEN7s:--Production
consumption expectation, and importation,
are, or should be, fundamental words in a
merchants vocabulary. To buy low, and
sell high. Ito a qualified extent.) il his husi-
ness-his legitimate calling; and to accom-
plish both these objects, he must look to
statistics of supply and demand; in other
words, TO production and consnmrtiun-
the bases of all trade. Hence, Prices Cur
rent, with tables OF imports and exports,
when reporting facts, are valuable TO the in
teliiSent calculating merchant; and some
Tunes, conclusions drawn from such sources
are a help TO increase his gains, or to shield
him from the loss OF those already acquired.
The Wheat crop Of this country ia second
IN importance oIly to Cotton. estimated
ITS yield In lSi2--in my annual circulate
at ITO millions OF hushcis, which, at 60 cents
a hnshel-a low average-is &c millions of
dollars: being probably two-thirds the val
ne OF the whole Cotton crop of the Union,
Mt present prices. The one, however, is
comparatively an article of luxury-the
other, of dire necessity. An extensive fail
ure of yield in the latter, would cause great
Pocuniary di'tress--a widespread failure in
the yield of the former, n train of physical
evils. as well rs rccuniary distress, which
would strike condemnation to every iuhabi.
tant of the land. Happily, we have no ba-
sis 10 anticipate such a result the present
year; but, we are in possession of iuforma-
ton, which, in a mercantile point of view,
deserves, | think, to be needed.
The object OF this circular is to give to
my correspondents information on the s,pros-
pcCt"o Of the present crop, and to this end |
some tine since addressed letters 10 iudi.
CinnS persons IN all the grain States OF the
tuion, and 10 their several sections, asking
Information relative to the crop; and, with
due alluwanC for the proneness OF man to
unGCr. estimate the productions OF Gods
bounty, | proceed to draw my own concln-
sious from this data, and from oral testImo-
ny, rs to the yield Of the present crop. /
uuhcsitatingly believe, from the information
! ain possessed Of, that the Wheat crop of
this year will fall short one fourth, at least,
Of what it was in the year Isi2! Let Us
see then how we shall stand, if this estimate
proves correct, when the new crop comes
10 market viz in September and October
next. The ~sovirgs of the present year |
c,timrtc at , PER cent On those Of last year.
| estimate the OIL gram States at > per cent.
The inctcascd sowings in Iowa will be at
least 70 per CT, and in Ohio. Michigan, lii
r"l-, aud Ni-soTri, at least Say, for the
Union, an ay"rar" Of > per cent. The cron
of lsi2, A. Pc my annual circular, - 10
millions. Tie consumption, n. a. husicI.
to the head, N:;,2ju,0J Notwithstanding Il
surplus of 20 10000 to be drspo'rd Of from
Ist October, I~i3. az this suplns at TO-.
600 UuH vii: be taken to foreign markets.
Canada and the other British Provinces. To.
gcthcr with the Wet India Islands (otitr
han BriHst,) have already taken more
than ! millions, Ca barrel of flour | estimate
a. > bushels Of wheat, although know the
l.nstCm j, not so much and South Amcri.
ca aud the Mexican ports have taken up
ward- of 3 millions more. | compute the
year. export. IN millions, n above. ! place
ne amount OF old Wheat uncon.nmed when
,l.tycar'. crop came NO market, nj / mil.
lio,' bushels.
Ic., nate the avcragc East and West
prolurb pn of last year, - bushcl. to the
,c,o. ,h,, 'ln,U II 900 of bushels will give
:, 500, 900 ac. es; to which add for this y"a'
> pcr cent addr.'io nal sowrng'. will give 30
600 acre, more, mrkins an aggregate of
5.T1a,00O .hiCs. at II bushels TO the
acre for seed, will COZ. sI'ue e,o02,3Ou bush
OF the yicli Of IS42'.
NOW proceed TO recapi. ni'te figures
Bushsit.
Crop of lSi2, Nv wv ooo
Add for yurpius on hand uf nTi-