The Express.
London, England, 1852-05-04 00:00:00

REVIEW OF THE CORN TRADE DURING

TUE PAST WEEK.

(From tike leek Gar Express.)
BRITISH.
The very favourable change which has taken place
in the weather sines our last has had the effect of allaying
the fears which the previous drought of upwards of two
months' duration had naturally given rise to. The rain
sneers to have been general all over the kingdom, and the
temperature having at the same time risen materially, the
change cannot be otherwise than highly beneficial to vege-
tation. This morning, however the wind is again
northerly, and the air mach eerier. That the upward
mosenieut which has taken place in prices of grain within
the last two or three weeks was partly caused by the dry
weather cannot be dsubted, sad it is therefore not impro-
bable that the rise will be checked ; but we do not antici-
pate any material reaction, as etil markets are nut likely .
to be very largely supplied for some time to come. The •
shipments (ran the north of Europe for Great Britain have 11
not hitherto been important, and the quantity of corn at mg
present en passage to this country from tho Black fie
See, &c., is known to be considerably less than
was the ease at this time last year. In France and the $74
Netherlands prisms as. still relatively high as compared
with quimatiose here, and we have, therefore, no immediate Lt.!
arrivals of consequence to expect beyond what America rs 1
may furnish. The greater part of the supply from thence 2,
will sessist of flour. The amount on passage is variously
estimated; it will not, we think, much exceed 100,000 bar- it
fele, of which London may, perhaps, receive about 30,000
barrels. If this should come all at one time, it might have jai
usfiTZEineiect Qs prieeopisegy
'ff k over several week*. We are cense-
quntly inclinirosteliese that the manner in which our 1.1
own farmers may bring forward supplies of Wheat, will tf
have more to do with the future range of prices than the 'w
foreign receipts ; and as the major part of what now re- ot.l
mains of the let crop must be in the hands of those cape- It
ble of holding, if so disposed, the probability is, that the at.'
home supplies will be regulated so as not greatly to exceed 1$
the demand. As regards spring corn, the reasons for sup- 311
posing that prices will not recede materially below the pre- so
present level are, we think, more contusive than those we st
have adduced for this belief in reference to wheat. In the to I
find place the lust crop of barley, oats, &c., in the United MI
Kingdom did not yield so well as that of wheat; and
it is, therefore, fair to infer that stocks of the former are 10
reduced into a narrower compass than those of the latter. so
This assumption is strengthened by the certainty that the tall
shortness of grass and other kinds of green food, in con.c. et. i
qucnee of the backwardness of the spring, has caused a 01
materially increased consumption of grinding Barley, Oats, It I
Beans, as &c.; and, the advices from the Continent agree to
in stating that this has also been the case abroad, we are at,
not likely to be largely supplied from thence. We think, to
therefore, that the value of agricultural produce will not 40
be much lower, even with a contiuusnce of auspicious 11,
weather for the growing crops, though the teals may fur • 2
time be dull. ei
lathe commencement of the put week business was rather sr.
active, and, at all the leading provincial markets held pm-
viols to Wednesday, Wheat advanced Is. per qr , whilst 10
* I
enhanced rate s were demanded for all other article..
lt
The arrival. of Wheat miasmic, into the port of London
have been small, only 3,733 qrs. having been reported up so
to this (Saturday) evening; meanwhile very little has been et,
shown at blark-laiie by land-carriage samples from the 10
neighbouring counties, and factors have consequently 14
remained firm. There can, however, be no doubt
that the lit
alteration in the weather s checked the dhlinsidiestellay,
though the previous drought was not suppled taboo dine so
any mischief to the Wheat pleat to
The arrivals of Wheat hoot abound hem seeker increased 50
since this day week, but as roonstlty en e from the st. *1-
continent 01 Europe amid at peeent =ge ;of this ist
holders of grunaried anighe an well aware, and they arc hi
therefore not inclisol to paim Ideal trusting that a more Is I
favourable opportm.l incip sear fee realising. The buil, nil'
nap doses nee Meader Ps keen of a strictly retail chaise- ,
tar: oar own millsict lave given a decided preference to
Eagalsh, and as fevieetistry buyers have visited our market, go
it would have been mime to have attempted to push to
business. ei.
In the ea* pit of the Pik there was some inquiry for le
Satin 1101.11110 es poles hem the Black Sea porta, de. ; "
but the Wide, babies kakffiki. The business actually 4
owe ire net bass by lop mimes IllienfiVe. Quotations of *
111***101111111111111 fear kr* larril= no change, but 30
the sib Ye bees maw Mall country arks to
have bees giquedo awl beve hroaltiformer rates. le
le
The arrivals hootPresim hew been ; from Anse fig
-
rim we have, lasenever, nrceired barre , and further le
supplies from thermion believed to be close at bend; it is, at
therefore, not improbable th.t the latter may give way a
trifle in value. el
Barley of home'growth has come forward very spa-
Mostly ; and, though the inquiry has been far from active,
previous rates have been about maintained. 101
Malt has embed very little attention, and its value has el
undergone so mains' notice.
The receipts of bob mestwhe, have amounted to only
360 pi., sad hem Inland the supply has consisted of 2,430 NI
qis. Prim abroad, however, 13,649 qrs. have come to hand,
wide& Ism prevented the scanty nature of the home supply lit
being felt. The dealers have manifested considerable sm. se
willingness to pay the recently-enhancid terms, and factors
having refused to give way, the operations have been small. as
Holden of oats are generally confident as to the future,
and we must acknowledge that to us it appears that we 11.
lila be likely to require all that may come to hand from
awed, es there can be no doubt that the stocks in this *
=ate reduced latea very narrow compass.
white had began to improve in value during the
have within the last day or two become difficulty
tilt"
oilt,but pleas have not been quoted lower.
The sale for peas baa also been checked by the change in got
the weather and this article was scarcely worth as much at
the sloe as `the ecameassemeat of the week.
Who seem Mod was bold IL per qr. higher on Mon
day, bat sellers have erase boot
eras tractable. et
re
• TORSION.
The tone of the advises from the continent is sada 174
firmer this week, and it is quite evident that it would meet it
bat little encouragement from this Ads se give a hob it et.
=ffil=viaeti*r an abroL g
gam TailltikelliathirogigaZgyhysyll el
=ISM here, via., mil sod Welt; his, end tie maw L.
tenor el he Swab eseseutei bad ishiced
beldesebrileigaboesed saes ter wheat es well se kr sprier if
moo es emend et the weer Bettie per. to
Moab letters ef the
es 114* vit. state that lordly any
dl et wheat wen ia prepese; for lierlsod only I,
=
reepoeties et the seek of the spot beige et nimble
elitg- la
seembed he elem. et Wings, et quot
bean. 7beselrsir Polish
wboet, et het sponse to
.be wiry Inferior;
sew
Sluramihrwek yid* weighed only 3211.. Me owl bet hw bee bed exceeded 601bs.
Wei ea woellelblet weight.
Yes* helda whine, vain' date of 27th 44 that the
domes* hr wheel bed ',vivid, and that soma envois bed
obeered boob et goadvence. The wide we the. quoted
se des. per qr., hoe ea board, meerAler a swab,.
Derby bedlam bell at Mu 6d., and oats at Ida. ed. to 17e.
per qr., tree go beard.
Oer Restork advisee see of the Mb ult. The rye crop
bel, it was feared, sullbusd lo hit asiebbegobeed, in con-
ispenee of the severity of the aighltdkints; whisk dream-
iness Ind misted le ramie Who of wheel be., more
apeolek se the supplies beepht toward bad hoes small,
laimeis laving leas bedlyppired in the Seth with
osiegemertsg, Is. Poo quelltlis et aew whs., weighing
61ilbs. per Weisel, liest bego bid steadily et Ws. U. to
40s. per qr., free en beard; elk& prices bobs Awe the
limits of the sedan received, very little bodosse bed been
done.
, At mat of the user parr bedew has beta ielesossi
by the recent doe in war mobs* At Hamberi, es Taw
day, wheat was more horairei do, red thee. not quasi
ber, the tarn wee la from of dm sake. Several pas.
e 'diet 61U.. wheat, te be shipped hem Lower battle vest.
a =rib at Ws. uple 40s. per qr. hue es ird,
to
quality. Is Dssiry searemrdwily little bad
boa dess, butt este bed bem is lively demo' ; the high
rates WWI led, however, shocked bewisses. Light hot
Mllbs.) frau the Jails, and Ms. from the loom
to 17e. ; while 38Ibs. quay, frau ha-
p- IsmilVitaVil at mod us peer rqr hes en heard.
Preis Ballosisma we bent that parches* et Whoa bed
'Y been mode *me mist AmMerdele,far Wpm*
st wasswassey vim • but, with the milord*'s=
IL
*ore bed nit been mesh done ha the Mid&
:at Teem Ira Iserethatsseiges fears were eatermined
ley in reseed le the lye seep, the weather eml olplit beets
in bevies pegged wry ems veer dee supper&
ter to hine siiihood, bid pleat wee genet* bealey
log
en C=from Fringe he net report. any pectieslat
of damp thelreition cf the grain trade in that anuatey.
na. Aired% ea , Thor met rather a slow eel., but
itk- Wheat egsmembiamalatoole.
the The Moot awaate ASS New York inform us that a
geed Winos hot boa Moe there in Soar, but that It had
set- been aseemary toift= mere et lees to indent buyers to
roe. mar. Freight to
was L. 3d. to Is. 44d. per hared
is he Gem is whet l had net been much doing, but
;;„1, Lwow Quit bop ben be awed request, and had realised
veer full boa
art

TRZ CoUIT or CHANCERY.—Yesterday some in-
toresidaigetam reeemeelai the Court of Chutney were
wirier petlieseet. Nose 11146, vow the 6lk 6
Ctalg. esp. 103, ewe We hew, MOM. 11a IL her bees
peid tee selsoisessei Mee ezweeetep3s the lab liewher
sai the wowsW, mem of 810663 MAC se seares-
Wien he km of epees. Ts the We kw ewers &As,
Ma 11111,11111. 112. 3d. has been
phi NM lIPID ea sal IMataiva Motois waiasy sad
eaupewllea, sol fig ow to We esmWeehle etwities
if they wee te bell the as% etea Om Ask des* amp
meadow fee sew tawsMb

RAILWAYS.
THIS DAY.
Two o'CLoca.
The share market opened firmly to-day, Indurod
prices were realised, some descriptions, inel
London and North-Westerns, South-Westerns, and
Midlands, being marked at an improvement; but
some flatness has since come over the market, and
prices have not been quite supported. North-Western
stock has receded from 12.5} to 1231, and Midland
from 701 to 70}. Great Westerns are also rather
lower.
French shares have been very little dealt in.

MASS AND STOCKS uPOu•SANTSSD.

ILILIFATI4

w I anwilwa
Anararitrit=i."..,
an ItSwarnsha)
IS Walmbeed,tanawaire,a
,DaboakSILINISSLC.

Itk6o o Nli SWAN «.
• 04.1461043
all Clisiew 4a4 laiplmad
43 Dllissailliesstim•
an
diraetn. man aina.
sma n •niirits
Inn L. kD) . .
o.n Ds. V1124:413

loess peaces
yeeteeesy.

14 It/
71 71
14 104
111 Hide
I/ IS

11l U
14 13 Us
4 7

Iss to-day up
to 1 pm.

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A a'

91

FFICEBtd Eiltu
igest lammake
_

1 1
n ni

MONEY MARKET .

MONDAY EVINIFC!.

The English stock market has presea---idtiiiaddrie-
tory appearance to-day, and prices have sagged at an
advance of 1 to Iper cent. on the last said quota-
tion of Friday. Now that the anxiety prevalent ell
last week relative to the Budget has been lifted off
the market a more healthy feeling is perceptible,
and operators show less hesitation. At the present
high range of prices, however, with Console only. a
quarter below par, it is evident that no great security
can be felt in the future course of prices, as upon I
their rising above par again, it is probable that a
considerable movement would be made in the dime- I
tion of change of investment by holders of this
stock, some of the most important of whom, it
should be remembered, are the large corporate asso-
ciations, including assurance societies, and others of
a kindred character. Thus we understand that the
recent reduction of Consols from their par quotation
M 993, and the intermediate fluctuations, have boa
is no small degree brought about by the operatics*
done of the leviathan assurance companies.
Consols have been quoted all day 991 to 1 for
;money, and 994 to 1 for the 11th May, with the ex-1
option of a moment, when they reached 994 for
Neb. The investments of the government broker
will be resumed to-morrow, and will tend to support
prices. Reduced Threes is the stookin whim plot
chases on public account have lately been efleeted,
as being rather cheaper than Consols, the other
great Three per Cent. stock. India stock is now
participating in the general advance of the funds,
end has reached 270. The following is a list of
to-day's transactions : —Three per Cent. Console,
994,1, 1; ditto, for account, 991, 1. Three per Cent
IRedu«d, 981, 1. New Three-and-a-Quarter per
Cents., 1001, 4,3, 4, a. Long Annuities, 1860,
61 ; ditto, 30 years, 1859, 6a. India Stock, 266,
270. Bank Stock, 2191.
Exchequer Bills remain at the reduced rates esta-
blished at the close of last week, the March bills
being quoted 675. to 70s. prem. ; ditto, June, 625. to
68s. prem. • India Bonds, 83s. and 84s. prem.
Prices Of the foreign securities are well sup-
ported, with a moderato amount of movement.
In Peruvian a decided rally has taken place,
the Actives having recovered to 104, and the
Deferred Bonds to 64. Buenos Ayrcan, Por-
tuguese, and Venezuelan arc firm, and Mexican
beads steady. Portuguese Fives have reached par.
The interest on this stock, however, is no longer
paid by Portugal, or of course it would not have
reached its present range. The interest has always
been punctually met by Brazil, since that state took
upon itself the charge of this portion of the Old Por-
tuguese Debt. To-day's sales' are thus stated :
Brazilian Old Five per Cents., 99 ; ditto New,
1829 and 1839, 98. Buenos Ayres Six per Conte.,
79. Belgian Four-and-a-Half per Cents., 941 ex
div. Danish Five per Cents., 1041 1. Dutch Two-1
and-a-Half per Cents., 611 • ditto Four per Cent.
Certificates, 921, 'JOI, 93. Ecuador Bonds, 41. Gra-
nola Deferred, 94. Mexican, for account 14th May,
341; ditto, New Three per Cents., 28, 1. Peruvian
Activeel 101, 104; ditto for account, 104 ; ditto
Deferred Three per Cents., 621, 601, 64, 63. Porta.
peso Five per Cents. (Brazil guarantee), 99i, 100;
ditto, Converted Four per Cents., 38. Russian
Four-and-a-Half per Cents., 104, 31. Sardinian
Five per Cents. 961, 1, 97, 961. Spanish Passives.
53; ditto, Old 'lime per Cents., 471, 1; ditto, New
Deferred Three per Cents., 211, 4,, a. Venezuela
Three-and.a-lialf per Cents., 481, 49; ditto, De-
ferred, 18.
The following memorandum has been handed to
us by Colonel Facie, the Mexican financial agent :
MEXICAN DEBT.
Statement of Five per Cent. Mexican Stock presented for
conversion until the end of April
Bonds.—A, 21,781; B, 7,093; C, 6,652; D, 6,752—
Total, 42,278.
Which have been immediately cancelled, and Three per,
Cent. Bonds issued, so follow.:
Letter A, No. 1 to 8,946
B, 1 to 7,093
C, 1 to 6,652
D, 1 to 6,752
Receipts for Bonus of letter A

Total 42,278
The complete list of Bonds lettered A is expected to arrive
by the next West India steamer.-32, Great Winchester-
street.
Our Liverpool letters draw attention to the proba-
bility of shipments of gold from this side to the
United States being resumed, should the rate of ex-
change continue its downward course; and mention
that the Canada, which sailed from Liverpool on
Saturday, actually took out 8,0001. in gold. The
New York advices just to hand allude to symptoms
of a rally in the exchange on England, but it is also
stated that the demand for United States Bonds and
other securities, to which the low quotation is mainly
owing, continues unabated.
At the meeting of the Namur and Liege Railway
Company held here to-day, preparatory to the gene-
ral assembly at Brussels, grave complaints were
made relative to the manner in which the company
has been treated by the Belgian government with
reference to the "through traffic. Notwithstand-
ing the faithful performance by the company of
their engagements, the demand for arrangements
by which the conveyance of passengers and
might be effected without delay or difficulty goods
might the frontiers of France ria Manage, Namur, and
Liege, has been refused by the government, and thus
one of the fundamental bases upon which the works
were undertaken by the company is repudiated, the
result being that the traffic, instead of pursuing the
direct route, is carried round by Melina', involving
great lose of time and increase of expense. Short-
sighted views relative to fostering the " State Rail-
ways" appear to have formed the chief ground for
the unjust course of proceeding adopted by King
Leopold's ministers. .This, however, is not by any
means the first instance of the perpetration of injus-
tice on the English holders of shares in Belgian lines,
and to the selfish policy of the government is attri-
buted the disinclination now generally shown to have
anything to do with either the Belgian funds or rail-
ways. That the result cannot be otherwise than
most disadvantageous .to that country is obvious.
The subjoined calculations show the rate per oeut.l
per annum yielded by the various English securities
cited at the average of the prices now ruling. When
the asterisk (.) iikprefixed, it is to bo understood diet
the share rate of interest is lees the income-tax. To
render the results strictly accurate, the proportion of
interest which may have accrued since last &And
period should, in each ease, be taken into anisont:
Ines pry csaL maws. ...... pries :rid per cant.ta I 111
Throe pa Owl.
_lldiasad 9
Now Maraol•••01a~ per Onto I „ $ 4 4
dilink L
doran) Molt (No. at Ow ram ot 9 par
dao
Inns onoileiv.lol pro not. per oh) lan „ a 15
NoilOparlela (iaL lad. par war. par
.oa. „ 2 3 111
Ortillaiso sham 111. paid (nano
10.11 par mit. per anode) l2 „ 4 I 91
MO %pane SIM& What Ur
are at apor NEL par moan) art o 3 a 1
Lamaildra Ind Torkithy ONO
110•10011". at the rata al 1 par Nat
per
odd 74
Wain od Boa* Waters 9toth•
Win. at tha rated II par ant.
par uan). l3
Wilmaar North Nomura Nook.
NNi. al the rata at 6 pa oent. put
Om)
Winne 40714tio0(dtv.at.) the rated par
70
par a
esaalksh Ristatra *oak. (dn. at the
rand IL par mai. pa SIIMOB.I. • 32
York, Idannada. affid )sru Node.
(dn. at tha ran of par Gast.per
iumnal
It will bo seen that in every case we take the rate
of interest declared for the last half-year on railway
shares as the basis of our calculation. Various com-
munications have reached us from correspondents,
with reference to this table, some of whom suggest
that it would be better to take the average of the
last year's dividend ; but we think, in the
majority of eases, looking at the manifestly
improving character of railway property generally,
the plan hitherto adopted by us is the preferable
one. One correspondent takes objection to the
results attained, on the ground that the Exhibition
truffle of hut year raised the dividends toe figure

w~~

4 1
n

3 11 10!

n 1 16 0

3 18 61
4 15 Sj

Foe
PARIS. MAT 2. mosey. (7lonieg 1
. 70 00
.... 100
.10 1 I
~ ... ...
1
. _

Fur Acavunt.

Richest. Lonnie. Oman.
,
3 par OEMs.
14 par Cents 1707- 70 70 OSOI7O 60
100 30 100 IA 107 0 190 20
4 rot Conte.
5 priCeste ...
i ..
3 Bistanne. New Lcani ... . ...
11er.11=17140 1014—lio‘nart IV.a2pt.si2knit'.: dory
23
314310tey.
44 .... ...... ... Ronan 5 per Cent lll ...
LW $ .. -.. ... .. Da 105.1
Pliiinest 5 ;Lei 96 50.. Teamsters Bands ... 4 ..
ku94lsisllAr 2.--St. Oa " 730 ;Ve shone 27. as (right
biiiil,ll2 50; Ditto Deft bank), 775 ; Paris MINI (Mean., 1,192 33.
Perla sad Rome., 700; Rouen end Harm 7.07 30; Monate sad
JAW, 770; I rot:mum and Bale. 247 50 en .1.; Centre, 513 i ;
Onlielie and Bordeaux, 61$ 75; !Conners. 591 21; Parts and Man.
Mina 310; Perla and Lyons, 615 ; Tomes and Minty. 564 75 ; Ron-
Imam and Ttom. IM+; Diepps and Vecamp, ED 21; Paris
MA 83MILZ. —; Hoeft's': and Taste. 150.
MADRID, APRIL 28.—Three per Cent., 42i, opera-
tions i after Balsa, 421. New Three per Cents., 211;
shoe Be,i 21 7-16 p. a p. Debt of Ist class, 8; ;
seer Bobs, 84 ; ditto of 2nd class, 51; after
,lisisa, 5 3-18. Bank of St. Ferdinand, 1031. Ex-
change on London, 5010 e.