Indiana State sentinel., 1846-07-23
Interesting Statistics for Wheat Crow
ers and uIiIiers.

ers and MiIlers.
The following from the Buffalo Commercial Adver-
tser Of June H. possesses some interesting facts for
the attention Of the wheat growers and Millers:
The decline in prices Of -four and wheat this spring
has been the of disappointment TO great many
who operated last winter at very high rates. calcu-
ating upon large profits TO be now realized and il
appears that those views entirely frustrated,
calm view into the causes, at this particular uncure,
may not perhaps amiss. After last harvest the
crop of wheat was ascertained be very large one
and almost every individual engaged in the trade look
ed for the ruling of low prices, unless something
CURED to create extra foreign demand. Shortly
afterwards we began to receive accounts IRON Eng
land Of the probable failure Of the crops there which
Immediately gave a spur to prices, and purchases
were made for shipment TO that quarter-adyces con-
tnuing to be received con6rmatory in that respect
speculation started until prices up in New York
to 81 per barrel for -four Ii appears that rate could
not be continued, (alhough many anticipated 81 to
SlO,) and why Ia few figures will show.
The actual average crops of wheat in Great Brit
ain for the past few years. has been equal to twenty
millions of quarters of eight imperial bushels Of
enty lbs. According to all well informed sources the
crop of wheat there last year asceraincd shortly
after harvest to be about nineteen millions of quar-
ters, requiring million of quarters to be received
from other countries to make up said deficiency The
crops the continent being rather short of previous
years, this country naturally looked TO for what
supplies UTeat Brltaln $1,000 IN 0eCQ neDCe l1e
continued shipments to that quarter up to the pres
ent tIme Now what is the state of matters there! |!
By last advices received from that section, per "H
bernia, the quantity of wheat and flour under lock
or in bond, in the United Kingdom, made up TO the
9th of April, is thus shown:
Wheat ,227, ,374 quarters
Flour ...................... .940, 81 cwt.
Reduced to wheat will equal $50 900 quarters-mak-
ing total of wheat upward of 800 600 quarters
DO cent. than thp actual dpfcipncv The
above stock in bond has been accumuating snce and
1t would not be surprising if the quantity increase TO
two millions of quarters before any would be
leased which is altogether awaiting the action of
Parliament on the corn bill.
Our crop of wheat last season no doubt was the
largest gathered in this country. The Commits
sioner of Patents who has for number of years col
ected statistical information of such things, puts it
down TO about log millions of bushels but that is
evidently below the quantity; 120 millions would be
nearer the mark. With our population OF ~ millions
of inhabitants, the
Consumption would be equal 90, ,000, 900 bus.
Add for seed ...............'. 10 600 ,OO0 bus.
Would leave for export 30 600 900 bus.
The quantity left over of the previous crop is not
taken In the estimate as such may average about the
same from crop to another. The number of BUSH
els put down for export, it will be perceived is about
double Of what Great Britain required (say 10 mil
lions of bushels Of 60 lbs Jour ordinary export de-
mand seldom coming up TO 10 millions of bushels
2,000,0 600 bbls flour Present indications show that
the above estimate of the crop in this country Is not
far, If at all out of the way.
The whole error, therefore, has been that parties
did not look far enough to what Great Britain
tually wanted, Gas that the only could
expect to carry off extra surplus, but went blind
y into it, anticipa ting that they would never be able
to send enough there; and because she required q
small quantity, larger amount must necessarily fol-
low. Some would probably say that the failure of the
sumption of flour. The difficulty in that respect
with the poor peasantry in that country, was def
cheney of means to purchase such article of food
and if any one would take the pains to examine thu
English papers, they would find evidence of this in the
continental arrivals of wheat, &C., at the different
ports in England, from the very furnished districts in
| Ireland. No, they went on their coarser articles
such beans, peas, oatmeal, &C., of which there is
an abundance. Again: since the spring has opened
arrivals have taken place in England, from the Bal
tic, and other ports the continent, of wheat not
withstandng the talk of great scarcity there also.
Prices will now entirely depend on our next crop,
(or it is apprehended shipments to England pref
ty much at end for the time being,) which, to all
appearance will be large-if not larger than the last
for the high prices last fall no doubt stimulated
farmers to put in greater breadth of ground, in con-
junction with which nothing has yet appeared mate
rally to affect Its yield hence low prices must ne
cessarily ensue unless we have another furnishing
country to supply perspectively, and get up specu
lation, with its unhappy results, such now
lperienced.
The PUBLIC LANDs.-In the debate on the lanC
bill now before the Senate, it said that " the
public lands are held sacred trust, and that it il
desirable to dispose Of the public domain al
possible" This sacred trust was the payment of the
Revolutionary debt and for which was ceded to the
Union by Virginia, Pennsylvania, Connecticut anC
other States, the Northwestern Territory, com
pretending the States Of Ohio, Indiana, Illinois
Michigan, and Wisconsin Territory. The whole o
this debt, together with that of the last war; wa
paid in about 1882, and hence this sacred trust ha
been fulfilled. Hence the lands unsold in these State
and Territories are held by the Federal Government
for any constitutional purpose. The lands acquired
by the purchase of Louisiana and Florida extending
from the Mississippi to the Pacific, and from Georg
to Florida Point, including the territories of Lousi
ana, Florida and Oregon, were pledged for an
such purpose. But we should not object to pledgins
the public lands for paying the public debt, wheneye
contracted and if they were thus pledged and sol,
only to actual settlers should have fund for
tanning public credit, permanent while any lands re
mained unsold and till then increasing with the in
crease of the whole country.
But we totally dissent from the position, that, tn
speedy sale of the public domain is desirable. o.
the contrary, say that the speedy sale of it i
fraught with danger, at least with evil. The Who'll
might be speedily sold to spectators, and held b
Is such sale, creating landed arstocracies and land
not in republic. The lands should be sold TO actua
sale is desirable than the degree that will create