The Express.
London, England, 1852-09-21 00:00:00

REVIEW OF THE CORN TRADE.

Tress the Meek Lee Repreas.l
BRITISH.
With the exception of a few oats and beans which
still remain oat in the late districts, the grain mope are
now all secured. The harvest, though commenced early,
has been protracted beyond the usual period, and the in-
gathering has been attended by more than ordinary expense
and musty.
Those farmers who were fortunate enough to carry their
corn previous to the commencement of the wet weather in
the beginning of August, secured fine quality and a good
yield. Tho proportion saved thus early was, however,
very small. A considerable quantity di wheat and barley
was cut down in the south the latter part of July and the
first week In August. Immediately after rain set iu, and
continued for three weeks, during which time en immense
aaiount of mischief was done. The temperature being
high, the corn, under the influence of beat and moisture,
soon began to sprout in the sheaves. In this state of affairs
it became a difficult question to decide what was the hot
course to pursue—whether to wait till the weather should
take up. or to take advantage of every dry interval to get
in all that could be got. The latter course was very ge-
nerally adopted, and large quantities of wheat and bur-
ley were carted to the rickyards in wretchedly bad con-
dition. _ _

Where carrying was delayed till after the 21st ultlmo
the grain was got together in better order; but its ext a-
gora in the fields to three weeks' wet told severely on the
quality; and we think it may be safely asserted that the
quality of the rreater part of tt.e wheat and bailey grown
south of the river Humber is inferior to the produce of any
previous season for many years past. The wsight of the
wheat will, we think, average from alb. to Crib. per bushel
less than the growth of 1841.
In the northern p its of the kingdom the corn had not
reached maturity at the period when the wet set in, and
the mischief was consequently comparatively slight front
that cause; nor have the crops suffered there to the tame
extant as in the south from blight and mildew. Wo
trust, therefore, that the more favourable result of tiro
harvest in the north may bring up the eggs egate of the
entire produce of the kingdom, and that the deficiency
nay not prove so aerious as was atone time expected would
have been the case. Indeed, as regards quantity, we are
disposed to think that there is not much to coruidain of.
The prospect up to the end of July was such as to hail
to the belief that the crop of wheat would prove ete of
the heaviest ever grown in this country • and notwith-
standing the great loss in conseqm nee of the unft.vourablie
weather subsequently experienced, blight, dc., we have
heard of instances where the yield to the acre has preyed
large even in those districts where the injury to the quality
has been the greatest.
The misfortune is that a very large proportion of the
wheat is wholly unfit for millers' use, and scarcely seleable
at any price. NVe know of instances where buten have
refused to give 25e. per qr.. and 30e. to 325. per qr. are
current prices fur the common runs of new wheat in many
of the markets in the agricultural districts.
The tone of the trade has undergone v• ry little change
since our let. Holders of wheat have displayed somewhat
lees anxiety to realise, but there hat, been no inclination to
speculate or take more of any article than absolutely needed
for immediate use; prices bare, theft:fire, remained meek
the same as they were at the leadicg provincial markets.
Choice samples of new wheat and barley have in acme cases
brought a trifling advance, but the common sorts have not
improved in value ; and the continued large arrivals of
wheat and flour from abroad have prevented any rise being
established in old wheat.
The spread of the potato disease has thus far bad little
or no influence on the grain trade, though those best qua-
lified to give en opinion estimate the loss likely to accrue as
very great; many affirm that the disorder is more general
and virulent than in 1846. That it is so in Scotland appears
tolerably certain ; and considerable apprehension on the
subject seems to have arisen in that country.
The reports from Ireland aro still of a very cor.flicting
character; but if we may judge by the rise which has lately
taken place in prices of potatoes at the principal Irish mar-
kets, the forced oonsumptioa which took place earlier in
the semen is already beginning to tell. The oat crop in
Ireland is very highly spoken of; but if potatoes should
become seance and dear, a large extra consumption of
meal would be the consequence, in which case the ship-
ments of oats to this aide would be diminish d in prolor-
lion.

The arrivals of wheat coastwise into the port ef London
show a smell increase, 3,668 qrs. having been reported
during the week ending this (Saturday) evening agsin4
3,049 qrs. the week before. The quantity brought forward
by land-carriage samples from the neighbouring counties
since Monday last has, however, been very small. The
show on the Erie: and Kent stands on Wednesday eonsiattd
of a few lots left over from previous receirs, and on Friday
scarcely a fresh sample was exhibited. Under these cir-
cumstances factors have not been anxious sellers; and
though the millers have conducted their operations with
extreme caution, they have been unable to buy on easier
terms than those previously current; indeed, the firmness
of sellers had rather increased than diminished towards the
close of the week. . _

The receipts of wheat hem abroad have not bet n parti-
cularly liberal; but as there was previously a considerable
quantity on board ship at this port, the 15,000 qrs. received
hare proved more thou has been immediately es- vied. The
demand for foreign wheat has not been active at any period
of the week, the town millers having sufficient remaining
on hand for immediate use, and the country inquiry haring
been less extensive than expected. Importers Imo re-
frained, however, from attempting to force sales, and go-el
qualities could not hens been bought cheaper at the dote
titan in the beginning of the week. The finer kinds of red
Baltic wheat were held at 445. to 465. per qr. on Friday,
and other sorts at proportionate rates. The transactions in
Stating cargoes have been quite unimportant of late, the in-
clination to enter into speculative investment which pre-
vailed to some extent last month having entirely subsided.
The arrivals from the Mediterranean aud Bleck ties ports
off the coast have been small, and the quantity on passage
to this country is not, we believe, at present very large;
parties having cargoes on passage are, consequently, unwill-
ing to lower their pretensions, end similar terms to those
previously current have been asked. From the Baltic we
have had offers of fine old red wheat at 42e. to 42e. 6d. per
qr., east and freight, without leading to business.
The nominal top price of town-made flour has not
varied; the sale has, however, been slow. Norfolk and
other sorts of country flour have sold on much the same
terms as before. For American we have had a good con-
sumptive demand, at about former terms; but tie in-
clination to buy to hold over has quite ceased.
The arrivals of barley coastwise have been trifling, and
this grain has been held with increased firmness. In the
absence of a supply of fine malting quality, quotations
have become somewhat unsettled; but choice samples would
have sold readily on Friday at the full terms of Monday
last. Thu receipt* of this grain from abroad have been
small of late, and the market is gradually becoming hue
of good grinding qualities, which have consequently com-
manded very full rates.
The operations in malt have not been extensive : the
business dune has, however, been at quite as good prices
as those previously realised.
The arrivals of oats coastwise have amounted to only
788 qrs.; and the total supply from Ireland has con-
sisted of 1990 qrs. Continued receipts from abroad
(principally Archangel) have, however, prevents(' the
smallness of the home supplies being felt. On Wednes-
day there was some appearance of improvement in the
trade; but the increase which subsequently tusk place in
the arrivals enabled the dealers to buy on quite as easy
'terms at the close as in the beginning of the week.
Beans have been held with great firmness, and the turn
has been rather against the buyer.
Hardly any new peas have come forward, and prices eau-
not be quoted accurately at present.
' Indian corn has been in steady request, and has rather
' risen in value. At present Oakes and Odessa cannot be
ibmaght under 28s. 9d. to 295. 3d. per qr., coat, fre fight, and
insurance.

FOREIGN.
No particular change appears to have taken place :it the
opinion of holders of wheat on the continent, and there
seems to be no disposition to make any material coned salon
in priors. Quotations at the principal Baltic ports are
relatively higher than in this country, and there is conse-
quently no inducement to consign. The purchases made
on British account in August will, however, have to come
forward, and we may calculate on receiving fair soppliel
from that quarter during the neat month or two.
From Danzig we learn that a good many vie eels bad ar-
rived out, which had imparted some activity to busloads,
and on the 11th several hundred quarters of wheat were
purchased at fall terms. For Low, r Polish of 611bs. weight
395., and for 59 to 601bs. inland 375. per qr. free ou board,
was paid. The last sale had been 3eo qrs. of fair old in-
land, weighing 60 to 611bs. at 350. to 38a. lid. per qr., free on
board.

Konigsberg letters of the 14th instant inform us that the
wheat k t had terminated very favourably in that
neighbourhood, but the yield of sprang corn Milo consi-
dered abort. New wheat had been in fair request, and
had commanded full prices. Beans and peas had been
inquired for, but the quantity brought forward had been
too small to allow of much business being done, The qua-
lity of the pulse crope is well spoken of, but the yield to the
acre would, it is believed, turn out short.
&Win whines of Tuesday last state that holders of
wheat had remained very firm, and that eitteme prices
had been demanded for the finer qualities.
At Rostock, on Monday, holders of wheat were very
firm ; there were buyers of good qualities at 401. per qr.
fr een board ; but few had been inclined to emit that
price, and the operations had consequently been unimport-
ant. The supplies of new had not increased much, and the
stock of old in granary had bet n greatly diminish d by
the shipments to Great Britain. The quality of the former
had not proved so unif rm as expected ; and whilst the
common sorts had been sold at equal to w., the best sam-
ples had realised 40s. per qr.
At the near continental porta, where business is ukutilly
a good deal influenced by the reports from hence, the itua
tone of the English .deices has failed to have much effect.
At Wishing, on Tuesday, there was but lit:le In
wheat; holders were, howe-er, very firm, an I puliaes
could not have been:re made on easier terms etas on that
day se'nnight. Barley was in lively deinsi.d, and for
Saale very high terms continued to be asked, ciy 9d.
up to 29.. per qr., free on board. In other artitlis there
was not much passing. Freight to Loudon byMpithopAlDEigi
was is. 6d. per qr.
From Rolland the accounts are of a more
Teeter than ol late; the parties who have tor
time past purchased wheat in Arnmerdaiu • e
for shipment to London having, it would a 3.
operate.
At Rotterdam, on Monday, business was 4.-Of
demand being confined to what was needed,fe
.t.:,svf •
13 311(1111

'empties. Old wheat reeked nearly fIITOInt rake, but new
sea% I s. to 2. per qr. draw that on that day week.
The regents Imes Frame report the what trade as
has iug remaifted fins at most of the markets in the laterite,
as well rat the principal ports on the coast. At Paris, on
W. ilnesday, flour was in improved cc gent, and in some
as advance of I franc per sail on the terms of that
day week was realised.
From the Moditerreara we have r.o news of mark Ia•
tereat to cortauticatia. The wore subdued tone of the
English advice' seers to have had the elect of checking
the demand for wheat. At Naple there was very little
doing on the 9th inst., sad Bath tta wheat was obtainable
at Otis. to a7o. per qr. free on board.
At the more distant ports a good deal of business seems
to have been done in wheat for shipment to England.
L•tters fres Alexandria, dased flth September, state that
large purchases for delivery bail been made, end for good
bayili wheat equal to 265. per qr. free on board had been
pid. The sales of groin and pulse of all kind' had, ch.r.ng
a fortnight, amounted to 270,000 ardebs, or 150,0.10 qes.
From Goleta we learn that the demand for wheat bail ire
proved the best quality was then quoted 245. 74. to
2 s. 74., reeved 234. to 245.341., an.l third 2ls. Id. to 224.24.
tree on board.
The rent recent advice, from America state that the
114'4140d for flour on British account baring slackened the
upward movement in prices bad been checked ; still holden
had realised very firm, and at New York on the Ith init.
ipsal brands could nut hays been bought below 20s. 9d. per
brl., fns on board.