The Express.
London, England, 1852-07-06 00:00:00

REVIEW OF THE CORN TRADE

(Pram the Nark Lana Etpreu.)
BRITISH.

The improvement in the weather since our last leas
had considerable influence on the tone of the wheat trade,
and business has again become exceedingly. dull. The pre.
veiling impression appears to be that no injury has )et been
done to the growing crop of wheat, and that with favour-
able weather during tl e remainder of the mummer the yield
would be abundant. The reports respecting barley and
oats are, with few exceptions, of a favountble character ;
but there is reason to fear that potatoes will again 'Lidr
from disease. Accounts have within the last few days reached
us from different parts of the kingdom, stating that very
suspicious symptoms have begun to show themselves about
the leaves and haulm of this plant. The public have, how-
ever, become so accustomed of late years to re; orta of an un-
favourable nature respecting the potato crop, that compara-
tively little importance is now attuebed to the subject ; and
hitherto the statements referred to have produced no effect.
That the failure, or even a partial lose of this valuable reel,
I would tell seriously, cannot be doubted. as the breadth
planted on this side of the channel, as well as is Ireland, is
greater than usual this season.
The position of the Grain trade is at the moment such that
it is quite impossible to foresee its future Courac, and all
parties seem to deem it prudent to act on the reser‘e. No
particular anxiety has been manifested by those holding
stocks to realise, as they consider it by no means hnpro.
bible that a few wet days might afford them a chance of
obtaining better prices than those now current. Buyer., or,
the other hand, appear equally inilifferent,preferring to run
the risk of having to pay somewhat higher rates hereafter
rather than add to their stock, the hand-to-mouth sy,trez
of purchasing having for a long time past proved the most
advantageous.
Haymaking has been commenced, and will be pretty
general next week. During the time farmers are occupied
in securing this crop, they will have little leisure for bring-
ing
,corn to market ; and we may therefore expect a t mpo-
rary falling off in the deliveries ; but this will not, we:think,
influence prices, if nothing occurs during the cone time of
a character to cause uneasiness respecting the outstanding
grain crops.
The latteat advice, from Scotland inform us that the
weather had been showery in the early pat t of the week,
but afterwards it had improved. The growing crops are
well spoken of in that part of the kingdom, the rain in
May and June having done no harm. Ilu,iness was in-
active on Wednesday both at Edinburgh and Glasgow.
At the former place, wheat, barley, and oats receded in
value ; but at Gatsgow previous prices were tolerably well
supported.
I. rem Ireland the accounts respecting the weather are
not favourable, more rain having fallen there than on this
side of the channel. The wheat-plant is described as
tolerably promising; but want are said to have grown too
much to straw. Potatoes in many parts of the island had
I begun trashsw unequivocal signs of ducats, and would, it
was feared, turn out much worse titan last year. The
dull advice, from this side had, however, tended to cheek
any rise, and prices of grain had remained nearly as
before.
Business at Mark-lane has been very quiet throughout
the week ; there has been no absolute giving way in prices,
but the tendency has certainly been that way.
The arrivals of wheat coastwise into the port of London
have been very small, only 2,277 gra. having been reported
up to this (Saturday) evening; the quantity brou.tht for-
ward by land-carriage samples from the home counties has
meanwhile been trivial, and there has consequently been no
great pressure on the market ; notwithatanding winch, the
turn has been against the sellers. On Wednesday a few
small lots of Essex wheat changed hands, at about previous
terms; but these were scarcely obtainable on Friday, The
weather having in the interval assumed a more settled ap-
pearance. We have had very few offers of wheat from the
cast coast, the Lincolnshire shippers having directed their
consignments to the north.
From abroad only 14,223 iirr. of wheat have been re-
ceived. Moderate as this supply unquestionably is, it has
proved sufficient to satisfy the demand, and considerable
difficulty has been experienced in effecting sales at former
terms. The operations on Wednesday were confined to
small lota of Danzig and fine red Baltic, fur which previous
prices were paid. On Friday the article was almost wholly
neglected, and we question whether the millers could have
been induced to buy beyond what they needed far imme-
diate use, even if sellers had been willing to submit to lower
terms._

In the free on board trade very little has been done.
The arrivals off the coast from porta cast of Gibraltar have
been few, but there has been more disposition to purchase
distant cargoes. From the Baltic there have been some
offers, without, however, leading to business. Moderately
good qualities of red, weighing 60 to 61 lbs. per bushel,
m ght have been bought at about 40s. per qr. cost, freight,
and insurance, and liner kinds at corresponding reel.
The sale for town-made II cur has beau exceedingly slow,
but no change has taken place in the nominal top price,
nor have fresh country marks been sold cheaper than last
week. -

The arrivals from America have been on rather a liberal
male, viz., 10,746 brla. The receivers have not displayed
sky particular anxiety to realm, and the best brands have
been held firmly at late rates.
Supplies of home-grown barley have almost ceased to
come forward, and there can be no doubt that this grain so
very scarce in all parts of the kingdom. The receipts from
abroad have, however, thus far prevented the smafinecs of
the supply of English b, ing felt, and prices have of late
tended downwards rather than otherwise.
This week more firmness has been shown, and though
the inquiry. has not been by any means active, good grind-
ing qualities Dave brought full terms. The supply of
foreign barley his amounted to only 2,713 qrs. this week,
but some quantity is believed to be on passage from the
Danish Islands, and we continue from titan to time to have
free on board offers from the Baltic.

The demand for malt has been of a retail character, but
the article has not been sold cheaper than before.
The arrivals of oats coastwise and from Ireland have
been small, and the receipts from abroad not nearly so
liberal as of late. The greater portion of Vie recent
foreign supply has now been cleared off the market, and
the trade is gradually recovering from the depression under
which it has for some weeks laboured. The large &aloe
arc, however, for the most part, well stocked, and we can-
not therefore expect a very extensive demand at present.
We have, however, experis need a moderate consumptive
inquiry since last Monday, and the rates then entrust have
been well supported for good sweet corn.
The sale for beans has been rather checked by the rise
which has recently taken place in prices. The business
done has, however, been at very full terms.
Scarcely any peas have appeared at market since klon•
day, and quotations have undergone no change.
Indian corn has, in consequence of unfavourable reports
from Ireland respecting the appearance of tht potato crops
been held with renewed firmness.