The Express.
London, England, 1862-08-12 00:00:00

AUGUST 12, 1862.

nu BRITISH AND FOREIGN CORN TRADE.

(From the Mark-lane Express.)
The splendid weather of last week has given place
to • decided change, there baring been many heavy showers
throughout the country, with Thursday nonsually rough.
Stel the estimated damag hiherto is light, as evinced by
the little difference in the butt London market. As respects
the essulesta and grasses, much benefit must result ; but
without areturn of settled weather the condition of the ce-
reals is endangered where they are cut, and some wale
must ensue from delay. The winds having been fresh, and
the sod dry, but little harm seed yet be apprehended. The
accounts of the probable yield wallow, very conflicting ;
but they are not so as regards stocks, which, both in the
country and shipping ports, are very low, insomuch that
any disaster could not fail to send up prices smartly. The
Cogolden time experienced here has also been enjoyed on the
ntioent. French farmers have gathered in much, and gen-
rally Seem satisfied, sod willing sellers of their new produce.
It is the same in Belgium and Holland, where prices have
lowered. All over Germany they have either begun cutting
wheat, or are Dear it; but it is not so well spoken of in
Poland, where accounts, till lately, were most favourable.
Prices have been generally. shaken by the late fiue weather ;
and a timely fall of ram in the Danubian principalities
has saved the crop of maize. with every prospect of abun-
dance. It is to be hoped, too, that the beneficial showers
have reached to Italy, if not too late. At New York, the
duller deices from Europe and reaction in the value of
gold have brought about • reduction in brew:lista& ; but
huge shipments have been made, which will serve to feed
the markets here till the new corn cornea in plenty. From
the !rimier of stocks, every cargo that has quality in it will
be wanted, either for grinding by itself or for mixing.
The arrivals off the coast since the let of August were 71
of which 36 cergoes we wheat, 13 maize, 11
tare ir 'drre
and the rest miscellaneous. The busbies, reported
was as fellows :—Ohirka wheat at 45a. 3d. to 465. bard
Taganrog at 44e., Danube at 395. 3d. to 41s. 3d., Egyptian
at • 7s. 3d., irdwitukie at 475. to 475. 6d., amber at 48a. to
48e. 3d., maim at 29e. 3d. to 305. 6d., barley at Zia to
245. 9d., Egyptian beans at 315.9 d. to El.. per qr.
The sales noted last week were 52,750 qrs. wheat at
575. &1.. against 65,137 qrs. in 1861.
The London averages wen 60s. 4d. on 1.927 qrs.
' The import, into the United Kingdom for the week '
ing the 2nd of August wars, 206,079 qn. wheat, and
147,749 cwte. flour.
Monday commenced in Mark-lane on • good foreign
supply of wheat, though there was very little of home
growth. There were vary few fresh samples from Kent
and Eager during the morning, and none of the new
crop; but the, weather having been splendid, business
was very languid, and millers bought but slowly, at
about former rates. The foreign trade was exceed-
ingly dull. Fine parcels is granary were not offered
at less money ; but where sales were made ex
ship, lower prices were taken for quantities ; and all
inferior &empties' were down le. to 2s. per qr. The
floating trade was in calm, but cargoes were not offered
cheaper generally. On Wednesday there were 220 p..
per coast and 6,280 cps. foreign. This was • quiet
day, the weather continuing superb ; but the small quantity
of English on offer kept prices at their former range. The
business done In foreign was on • small scale at former rates.
Friday's returns were 540 qrs. per coast, and 10,570 qrs.
foreign. The heavy rain of Thursday, and still doubtful
aspect of the weather, gave more firmness to holders of
Essex and Kinitish samples, which sold more readily. It was
the same with foreign, and, though the Wm:ldris* was thin,
more business was transacted. _ _

There was a fair average quantity of country floor on
Monday, and • heavy arrival from America. Norfolk',
though nominally the same, were scarcely saleable. Barrels,
unless very choice, were fully 6d. per barrel lower; bat
town rates were unchanged. On Wedosedaythere were 890
sack' per coast, and 130 sacks 7,270 kis. foreign. This was a
very dull day ; but holden of Norfolks did Dot propose lower
terms, nor did foreign factors in their offers of American
qualities. Town pnces remained firm. Friday's qualities
coastwise were 1,150 lacks, with 1,130 sacks 11,120 brie.
foreign. The rain that had fallen kept up the Take of
country sorts, and there was more inquiry for barrels at
fully the former quotations.
There was scarcely any British barley on Monday, and but
a moderate arrival from abroad. The few parcels of new
English on show were not enough to make • market; but
the heavier and sweeter descriptions of foreign rather
hardened is value, old grinding selling quietly on former
terms. On Wednesday there were no arrivals, English or
foreign. The weather being exceedingly fine, no increased
value could be realised in the sale of either English or
foreign samples. Friday's quantities were only 10 qrs. par
meat. The change to unsettled weather did sot enable fac-
tors then to realise any improvement in prime ; but there
was a more ready sale.
The malt trade remained quiet, with prices unchanged.
At the week's close there was lees difficulty in plating
maniples.
The oat trade was well supplied in consequence of the
arrival of plenty from Archangel, which alone reached to
30,000 qrs. This abundance of one sort satiated the de-
mand, sad produced • quiet state of trade for Rtil•1110
qualities ; but sweet corn from the Baltic fully maintained
it. value, being very scarce. On Wednesday there were
only 10 qrs. per coast, nothing from Ireland, and but 17,250
qrs. from abroad. Fresh Baltic sorts, such as Swedish and
Danish, still sold well ; but there was rather boa demand
for Russian qualities. Friday's returns were 10 gm per
coast, 1,170 qrs. Irish, and 21,720 qrs. foreign. This fur
supply of foreign more than counterbalanced the change of
weather ; and prices of Russian costa were scsumly so reli-
able as at the beginning of the week.
The supply of native beano on Monday was small, and not
very abundant from abroad. Egyptian sorts, both of the
old and new crop, were held rather higher, and all descrip-
tions were firm. There was no change on Friday.
There were but few English peas on Monday, and sot
many foreign. The new duns that appeared were fine, and
worth 365. to 38e. Foreign white, for feeding, were not
much in request. Priem remained unaltered at the week's
end. . . . .

The linseed supply was moderate, and half taken for
export. Prioee therefore were still pointing upwards, and
even cake participated in the movement. On Friday the
prices of linseed were rather higher.
Bed cloverseed was firm. rain being wanted for the crop.
White also and trefoil were steady, and canary (a very short
breadth being reported) rather gained in value for good
qualities. Other seeds much the Name.
Though the weather, up to Thursday, had been all that
could be desired, and the country wheat markets were gene-
rally but poorly supplied, very few noted the least improve-
ment, and that only amounted to Is. per qr. in rare in-
stances, and more especially for white wheat. In fact,
the agreement was such that specification seems mine-
emery.
Liverpool oe Tuesday had bat a retail inquiry for wheat,
on the previous week's terms, some pleasing bolder, taking
it to 2d. per cental less. Spring corn was unchanged in
value, beans excepted, which were slightly lower. On
Friday the change of weather made no difference, excepting
that maize was Gd. per qr. dearer.
Barley, oats, beans, and peas this week were generally
without change.
At Edinburgh wheat gave way Sd. to Is. per qr. ; but
fine oats improved aa much. Scotch wheat of doe quality
maintained rte value at Glasgow ; but low American de-
clined Sd. per boll, and floor 3d. to Gd. per brL Oats were
3d. to 6d. per boll higher, and pea@ advanced as much.
At Dublin holders of foreign wheat asked more money ;
but failing in this, made large sales. Maize and flour were
not so brisk.