Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1843-05-20
,.-.-se CIRCULAR ~
On the Prospect Of che present groioing Wheat
fran

sumption, expectation, and importation, are, or
should be, fundamental words in merchants
vocabulary. To buy low, and sell hisb, TO o
qualified extent,) is his business - his Legitimate
calling; and to accomplish both these objects, he
must look to statistics Of supply and demsnd; -
in other words, 10 production and consumption
the basis OF all trade. Hence, Prices Current.
with tables Of imports and exports, when report
ing facts valuable TO the intelligent calcula,.
ing merchant; and sometimes, conclusions drawn
from such sources are help TO increase his gains,
or to shield him from the loss Of those already
acquired. s.'r
The Wheat crop Of this country is second in
importance only to Cotton. estimated its yield
in 1842--in my annual circular--at 10 mil.
lions of bushels, which, at 80 cents bushel---
low average-is sc millions OF dollars; being
probably two.thirds the value of the whole Cot.
ton crop Of the Union, at present prices. The
one, however, is comparatively an article OF
uxury-the other, Of dire necessity. An extern.
sive failure OF yield in the latter, would cause
great pecunary distress-a widespread failure
in the yield Of the former, train Of physical
evils as we'll as pecuniary distress, which would
strike CONSERVATION TO every inhabitant OF the
land. Happily, we have no basis TO anticipate
such result the present year; but, we are in
possession Of information, which, in mercantile
point Of view, deserves, think, 10 be needed.
! The object Of this circular is to give my cor.
respondents information on the prospect" Of tho
present crop, and to this end | sometime since
addressed letters to judicious persons in all the
grain States Of the Union, and to their several
sections, asking information relative to the crop;
and, with due allowance for the proneness OF
man to 1inder estimate the productions OF Gop's
bounty, proceed 10 draw my own conclusions
| I'll 10 a, aol axol
yield Of the present crop. unhesi,a,ingly be-
lieve, from the information am possessed OF.
that the Wheat crop Of this year will fall short
one fourth, at least, Of what it was in the year
1912! Let us see then how We shall stand, if
this estimate proves correct, when the new crop
comes to market, viz. in September and October
next. The Sovinss Of the present year ! est
mate at per cent on those OF last year. |
estimate the old grain States at per cent.
The increased sowings in Iotca will be at least
90 per cent, and in Ohio, Michigan, Illinois,
and Missouri, at least S--say, for the Union,
an average Of per cent. The crop Of 1912, as
per my annual circular, is ITO millions. The
consumption, at a. bushels to the head, $780,.
600 misunderstanding a surplus Of &c, $50, 900
TO be disposed OF from 1st October, 1912, to LIST
October tS4S. or this surplus at least 10000.
900 will be taken to foreign markets: Canada
hno t mo o'ne5 nIltSh rfoVlhceS, toseiher win
tne Nest lha'a STANDS to'asr M ,,. 6rHtS')
rel Of -four | estimate as bushels of wheat,
although | know the Eastern is not so much,)
and South America and the Mexican ports have
taken upwards Of millions more compute
the gears export, 10.milons, as abore. place
,he amount oil o'u Wneal unconsumed when
ias' year crop came TITO ma'"e'' al millions
ouSnels. =, ",
t'on 0 nSt year, ~ OuSnelS 20 the acre thus
A'S'SO0'SO ~ 'S wa GU 0'coO,ooO
acres, " VIM" uou 'oi 'hS yea' per ceh'' add-