The determination of the value of a manure is in many respects a commercial rather than a chemical question, but as it must be founded on the analysis, and presents some peculiarities dependent on the complicated nature of the substances to be valued, it has fallen to some extent into the hands of the chemist. The principle on which the value of any commercial sample is estimated is very simple. It is only necessary to know the price of the pure article, and that of the particular sample to be valued is obtained by making a deduction from this price proportionate to the per centage of impurities shewn by the analysis. Thus, for example, if pure sulphate of ammonia sells at £16 per ton, a sample containing 10 per cent of impurities ought to be purchased for £14: 8s., and so on for any other quantity. This system which answers perfectly with sulphate of ammonia, nitrate of soda, or any other substance whose value depends on one individual element, is inapplicable in the case of complex manures, such as guano and the like, in which several factors combine to make up the value. In such cases, manures of very different composition may have the same value, the deficiency in one particular element being counterbalanced by the excess of another. Hence it becomes necessary to obtain an estimate of the value of each factor, from which that not only of one particular substance, but of every possible mixture may be determined.

When we come to inquire minutely into this question, it appears that the commercial value of any substance is not estimated solely by considerations of composition, but is dependent to a great extent on questions of demand and supply, and applicability to particular purposes. Thus coprolites containing from 55 to 60 per cent of phosphates sell at about £2: 12s. per ton, while bone-ash containing the same quantity of that ingredient brings about twice as much; in other words, phosphates are nearly twice as valuable in bone-ash as in coprolites, and as a phosphatic guano their price is generally still higher; and the reason for this is obvious, in bones and guano the phosphates are in a high state of division, in which they are easily attacked and disintegrated by the carbonic acid of the soil, and rendered available to plants; while in coprolites they are in a hard and compact form, and are of little use unless they have previously undergone an expensive preparation. In the same way, if the market price of different kinds of guano be inquired into, very great differences are found to exist in the rate at which phosphates are sold, and this is attributable in part to the fact that the price at which any article is charged commercially, is such as to cover the prime cost, expense of freight, and other charges, and to leave a profit to the importer; and partly, also, no doubt, to the carelessness with which manures are often purchased, and to the want of careful field experiments in which the effects produced by them are properly compared. It will be readily understood that the state of division of any substance, the readiness with which its constituents can be rendered available to the plants, care of application, and many other circumstances must influence its price; but making due allowance for these, differences are met with which appear to some extent to be merely the result of caprice. It is easy to understand why bone-ash should sell at double the price of coprolites, but no good reason can be shewn why the phosphates in one kind of guano should be sold at a much higher price than another, and the difference would probably disappear if greater attention were paid to the results of field experiments.

However great and inexplicable these differences may be, it is not the business of the valuator of a manure to discuss them. On the contrary, he is bound to accept them as the basis of his calculation, and to endeavour to deduce from them a proper system of estimation for each substance. Strictly speaking, each individual manure ought to be valued according to a plan special to itself, and deduced from its own standard market price; but it is obvious that this would lead to innumerable complications and defeat its own ends, and hence an attempt has been made to contrive a general system suited to all manures, and which, though not absolutely correct, is a sufficient approximation for all practical purposes, and a tolerably accurate guide to the determination of their relative values.

The constituents of a manure which are of actual value are ammonia, insoluble phosphates, biphosphate of lime (soluble phosphates), sulphate of lime, nitric acid (as nitrate of soda), potash, soda, and organic matter. These substances differ greatly in value. Ammonia and phosphates, soluble and insoluble, are costly; and by far the larger part of the value of all guanos, and the common manufactured manures, depends on them. Nitric acid and potash are also very valuable substances, but as they are rarely found in manufactured manures, and never in sufficient quantity to exert any material influence in their price, it is not usual to take them into consideration except in particular cases. The alkali which commonly exists in artificial manures is soda, and when alkaline salts appear in any analysis, they must be assumed to consist almost entirely of that substance generally in the form of common salt, and be valued accordingly. Sulphate of lime and organic matter though abundant constituents of most manures, add but little to their value, and it is a moot point whether they ought to be taken into consideration, although most persons allow a small value for them. Carbonate of lime, sand, or siliceous matter, and water, of course, are altogether worthless.

In order to obtain the value of a manure containing several of these substances, it is necessary to ascertain the average commercial price of each individually. This is easily done when they are met with in commerce separately, or at least mixed only with worthless substances, but some of them are only found in complex mixtures, and in these cases it is necessary to arrive at a result by an indirect process, according to methods which will be immediately explained. The question to be solved is the price actually paid for a ton of each substance in a pure state, and we shall proceed to consider them in succession.

Insoluble Phosphates.—These are purchased alone, chiefly in the form of coprolites and bone-ash, or the spent animal charcoal of the sugar refiners. Ground coprolites, containing about 58 per cent of phosphates, sell at £2: 12s. per ton, which is at the rate of £4: 8s. for pure phosphates. Bone-ash varies considerably in price, but of late samples containing 70 per cent of phosphates have sold as low as £4: 10s. per ton, and consequently pure phosphates in this form are worth £6: 8s. per ton. Although these are the only forms in which phosphates are purchased alone, it is possible to determine the price at which they are sold in bones and phosphatic guanos, by first deducting the value of the ammonia they contain, and assuming the remainder to represent the price paid for the phosphates. In this way we find the following values for insoluble phosphates:—

In Coprolites£4100
Bone-ash680
Bones750
Phosphatic guanos1000

It is to be observed that these are actual prices, and they are liable to fluctuate with the state of the market, although they are pretty fair averages. It is important to notice how much they vary in the different forms; the farmer who buys a phosphatic guano paying for phosphates a much higher price than he could have obtained those for in other substances—a difference which must be attributed to the high state of division in which they exist in the guano. We do not here enter upon the question how far this difference in price is justified; we are content with the fact that it exists, and we are compelled to estimate the value of phosphates in a phosphatic guano at the price given above, although in Peruvian guano they are sold at a lower rate. For all other manures, of which bones and bone-ash form the basis, £7 may be taken as a fair price, and it is that usually adopted, though £8 and £10 have sometimes been assumed as the average.

Ammonia is met with in commerce as muriate and sulphate of ammonia. The former, owing to its high price, is practically excluded from use as a manure; the latter sells at present at from £15 to £15: 10s. per ton, and, making allowance for the usual amount of impurity (5 or 6 per cent), the actual ammonia is worth about £63 per ton. Calculating from other substances it appears that ammonia is worth, per ton, in—

Sulphate of ammonia£6300
Bones6100
Peruvian guano5700