1839J 



FARMERS' REGISTER. 



671 



for this season, considering ihe very small size, and 

 necessarily pn:i;ill intrinsic value, o( such trees. We 

 speak of Mr. Physick's great sale. These small 

 trees, at their average of 31^ cents, were full as 

 dear as trees of lower Virgmia, of 6 feet average 

 height, (or ofany size, which would here be called 

 y, good growth,) would be at .91.50 the tree. Some 

 ol'ier auction sales were made ju--l before (his, in 

 different parts of New Jersey, and at lower nomi- 

 nal prices, per tree. But when compared, Ibrsize 

 and quality, wiih our trees in this region, tiie for- 

 mer were sold for better prices, than any yet ob- 

 tained here. Where there is such an enormous 

 dii^proporlion of size and value in the diHereni 

 growths, and stocks in maiuet, of different regions, 

 it is idle and ridiculous, as well as leading to con- 

 clusions altogether false, to corapare the money 

 prices, as if a free were a fixed quantity in size 

 and intrinsic value. The grovvlh of summer-lay- 

 ers, of this part of tlie countryj taken tree for tree, 

 are larger and more valuable, than the lots of trees 

 sold by Mr. Phy.«ick. Fur th'^se reasons, difler- 

 enceofsize and quality should never be forgotten, 

 when comparing prices of trees, north and south. 

 We copy the report of this very large and impor- 

 tant sale from two Pliiladel|)hia papers, 



"Large sale of Morns 3fulticmtlis.—The an- 

 nexed it it= a correct stateunMl of the nimiher, pri- 

 ces, anct proceeds of the Morus JSlnliicauhs, ihe 

 property of Mr. Physick, sold Sept. ISih, by C. J. 

 Wolhert, Auctioneer, at the Highficld Cocoonery, 

 Germantown, Pa. The trees were sold as they 

 stood in the yround, those under 12 inches to be 

 rejected. Owing to a thin soil and close planting, 

 the sizes of the trees were generally small, and the 

 branches lew, the average heiLihf, acconii ng to 

 estimates made on the ground, being about 2^ tee\. 

 The purchasers were generally !rom a distance, 

 the largest portion being from Missouri, Illinois, and 

 other western states. "The prices, it will be seen, 

 averaged 31 j%\ cte. per tree, equal to 12| cts. 

 per loot. 



.50 rows, averaging 1200, sav 60,000 at 30 cts. $;]8,000 00 



•20 do do lOOO, say 20,000 27A cts. 5,500 00 



10 do do 1150. say 11,500 35 cts. 4,025 00 



52 do do 1150', say 59,SU0 37:% cts. 20,425 00 



55 do do 1150, say 63,2;50 .32J cts 20,556 25 



30 do do 1200, sav 36,000 25 cts. 9,000 00 



1 do do 1000, say 1,000 22J cts. 225 00 



10 do do 850, say 8,500 17 j cts. 1,487 50 



Whole No. of treea, 



260,050 at 31 33-100 .$81,018 75" 

 Phila. U. Gaz, 



The bidding was very spirited, and the whole 

 were sold in about halfan hour. The buyers gen-, 

 eriilly, purchased in very large quant ies — and the 

 prices, considerinij; the qualify of the trees, are en- 

 ormous. The trees which sold at 17^ cents were 

 not more then 18 inches high. 



Thejam of passengers in the ears was alimost 

 unparallelled, the number being so great as to re- 

 quire two engines to draw the train. It is sup- 

 posed from 2000 to 3000 persons were present. The 

 general result is, that Mr. Physick's sale has not 

 only sustained all former prices of trees, but has in 

 reality done a great deal more. Our repeated assu- 

 rances that there was a western demand for trees 



is now abundantly realized, as the great bulk of 

 these trees are purchased in Kentucky, Illinois, 

 Indiana, Missouri, Ohio, and otiier western and 

 south-western stales. — Morris's Silk Farmer. 



Proprietors of trees in this stale, so far as we 

 know, hold firmly for good prices; though the 

 asking prices of the most sanguine have certainly 

 been very much lowered, compared to their ear- 

 lier and most extravagant expectations. The only 

 very recent salesheard of are the following : The 

 product of SlOO worth of roots (600 roots) in 

 Chesterfield, sold at glOOO. Auction sales in 

 Brunswick, (small amount,) trees 28^ to 35 cents. 

 In Murfreesborough, N. C. 1000 trees, (from 

 ppricg planted sinijie-bud cuttings,) at private sale 

 at 40 cents. These last were about 4 feet high on 

 an average. 



In the mean time, frequent and large engage- 

 ments and appropriations of trees are making for 

 next year's plantings, which serve to take out of 

 ihe market very large shares of Ihe whole grow- 

 ing stock. These are either contracts to furnish 

 large numbers of trees in 1840, or arrangements 

 to commence rearing silk-worms, which will re- 

 quire large plantings. From all these operations, 

 we venture to predict that not one-third of the 

 crowing crop vvill come into market at all, 



September 30, 



The high prices obtained at Mr. Physick's sale 

 are likely to have an injurious effect on the mar- 

 ket. These prices, added to the previous panic, 

 and consequent anxiety of many persons to sell, 

 have caused an immense number of trees to be 

 advertised for sale, and at auction, and lor cash, 

 or very short payments. This most impolitic 

 course, ol' forcing sales six or seven months before 

 they can possibly be wanted for planting, (their 

 only use, so earl)-,) will at least test the vital povv- 

 ers of the commodity; and if prices are not for a 

 time reduced to one half, or to less, by this glut- 

 ting of a before dull market, then it may be relied 

 on that there is an intrinsic value in the article, 

 surpassiniT the speculative demand, and that noth- 

 ing can destroy its market. And this forcing of 

 sales is to be done at a time when United States 

 Bank post notes are selling at 24 per cent, discount, 

 and the best public securities and stocks at prices un- 

 precedentedly Iow,compared to iheir acknowledged 

 value as investn;ents; and when stoppage of spe- 

 cie payments by the banks is openly recommended 

 by a commercial paper in New York, to alleviate 

 the intolerable existing pecuniary pressure. If, 

 under such circumstances, the producers of wheat 

 were to insist upon selling the next surplus crop of 

 the country, six months before it. could be put to 

 any use, it would certainly put down the price to 

 less than half the expected future rates. 



The result which this most unpolue procedure 



