WHEAT. 



WHEAT. 



of flour averaged nearly 1,000,000 barrels per 

 annum, at near $10 per barrel, or an export of 

 1 barrel to every 5 inhabitants. During the 

 non-intercourse, from 1807 to 1811, the price 

 fell very low; and in 1812 the export was re- 

 sumed, and was so large that the rates again 

 rose very high, so high as to check the export. 

 Under the high successive tariffs of 1824-28-33, 

 the export of flour declined, and with that de- 

 cline prices fell; until after 1834, when debt 

 and state stocks were exported in return for 

 foreign goods, instead of the legitimate export 

 of produce, and the rage of speculation, by 

 checking agriculture, produced actual scarcity, 

 which again brought up prices. The revulsion 

 drove people to work, and the large crops of 

 1839, assisted by a scarcity in England, caused 

 a great export, which, with the 1,000,000 bar- 

 rels sent forward in 1841, raised the value of 



the whole crop $1 50 per barrel, or 25 per cent, 

 in that year. The surplus of those two years 

 may be estimated at 2,500,000 barrels. Ac- 

 cording to the census, there were produced in 

 1839, in round numbers, 8,000,000 barrels of 

 flour, and the product of 1840 was estimated at 

 12,000,000 barrels, worth $60,000,000. The 

 export of one-sixth part, or 2,000,000 barrels, 

 raised the price to $6 50 in 1841, or the value 

 of the crop to $78,000,000; making a dif- 

 ference, in favour of the farmer, equal to 

 $18,000,000 or 30 per cent. (Hunt's Mag.) 



The average price of wheat may be esti- 

 mated pretty correctly from that of flour, by 

 adopting the miller's rule of computing the 

 price of a bushel of wheat weighing 60 Ibs. at 

 one-fifth the price of a barrel of flour. See 

 BREAD, FLOUR, FLY is WHEAT, GRAIN, GRAIN 

 FLY, &c. 



PARLIAMENTARY PAPERS RELATING TO WHEAT AND OTHER GRAIN. 



Statement of the Quantities of each kind of Grain imported into England from 1828 to 1841. 



* The Returns for 1841 will be liable to alteration (although not to any considerable extent) when the Accounts 

 of that year shall have been finally adjusted. 



1131 



