The Express.
London, England, 1852-06-29 00:00:00

REVIEW OF THE CORN TRADE DURING

TUE PAST WEEK.

(Front the Mark Lane Repress.)
_BRITISH.

The very favourable change which took place in
the weather in the early part of the week was not without
ihfluence on the grain trade. The feeling of unciainea•
which the previously experienced wet aid cold weather
had given ri,e to has already, in a great measure, sob.
sided ; and, as no actually injury is believed to have been
done to the growing crops by the roan, the short interval
of sunshine has eufticeal to restart, confidence in regard to
the probable result of the next harvest. These sudden
alterations in public opinion are mullion, and nut un-
natural at this peeled of the year, and it would be 'M-
ule to pretend to foresee the probable range of prices
for even a week in ailvan.e. Vl'atla the exception of the
impr ...ement in the weather, the position of re.
mains precisely as it was. here is no reason to euepose
that the shipments of wheat from the continent et
Europe will increase material y at present—quotations
being still relatively higher &Mead than in this • our try.
Nur do we expect that our own farmers will bring sup-
plies forward more freely than they have done of late ;
' on the contrary, we rather anticipeee a falling off in the de-
liverfre, as farmers will fur some time be busy with the'
hay harvest, and less time will therefore be afforded for
bringing corn to market. The triflieg rise rect rally esta-
blished may perhaps he again lost : but there appear to be
no p.lllOlll fur supposing that wheat will recede below the
point at has for some time past stood et. The reports from
the age icultural districts respeeting the present appearance
of the plant are of a satisfactory char:act. r; but, it is gene
rally admitted that, in consequence of its luxuriance, it will
be exceedingly liable to be injured by an excess of wet. The
ear has come out well, and should the remainder of the sum-
mer prove hot and airy, the produce would probably be great ;
het showery weather would certainly be attended with COII-
- danger. Tito barley and oat fields present a
pruntiaing aspect in most parts of the kingdom, having
been greatly benefited by the recent copious rains. The
Ileum in the winter beaus is raid to Ise very extensive ;
and peas arc not favourably spotu n of. We have also
heard of symptoms of disease having manifested themselves
in potatoes, but reports of this eharaete r have been so pre-
valent of late years, that we am disposed to ri ceive them
with great caution, and certainly do not attach much im-
portance to what is said on that subject at this easiy period
of the season. 1103 making has been partially commenced
in the neighbourhood of the metropolis ; this crop will vary
very materially in different localities. The rains sitar the
end of May have certainly increased the bulk; still, we
fear that the yield will prove short, and as beans and peas
are also likely to be deficient, other feeding articles may be
expected to command good prices. Tie: rise which took
place ill the value of wheat on Monday last elicoureged sel-
lers todemanu caftan :eel terms at must of the provincial
markets, but buyers have paid the advance very reluc-
tantly.
At Liverpool, on 'rues& y some qualities of wheat, more
especially white and mixed American, tea:twat Id. per
7u lbs. more than on that day week; the inquiry was, how-
ever, far from active—the continued arrivals of flour from
the United States interfering with the sale. The receipt of
the last-named article into Liverpool during the week end-
ing 21st inst. exceeded 66,000 brls.; still priers have been
tolerably well supported there, and some rather large par-
cels have changed hands at 20.. to !Os. Oa. tier brl. for good
brands of Western Canal. On Fritl.y, there was less doing
in wheat as well as ii, flour, but neither urtiele was cheaper
than before.

The advices from the other large consuming towns in the
north are generally of a firm tune, and wheat has crept up
about h. per qr. at Leeds, Hull, Wakefield, Manchester,
Newcastle, etc.
We have similar reports from Bristol, I:irmingharn, and
that neighbourhood; end at several of tl:r markets in the
a^.ricultural districts a rise of about I. per qr. has been
establi•hcd.

The advice, from Scotland speak well of the aspect of
the growing crops in that part of the ki:,gdoru. In the
vicinity of Edinburgh what had come into ear, and in the
north vegetation was not much later than in ordinary sea-
sons. The markets had been tolerably well supplied, end
notwithstanding the rise in the value of wheat in the ninth,
the article WWI not dearer on Wednesday either at Edin-
burgh or Glasgow than on that day week.
From Ireland the reports regarding the grassing crops of
grain, potatoes, &e., are, un the whole, favourable; and,
' though stocks are said to be reduced into a narrow compass
in the sister isle, supplies sei m to have kept pace with the
demand—neither wheat nor Indian ..sru having advanced
at any of the principal markets, and oats having scarcely
supported their previous value.
Business at Mark-lane has beta very dull throughout
the week, the favourable change in the wiather having ren-
dered buyers unwill ng to purchase, except fur immediate
use. The arrivals of wheat coastwise into the port of Lon-
don have been moderate. oly 4,0ii0 quarters haring been
reported up to this (Saturday) evening. The quantity
exhibited by land.earriagu samples has meanwhile
been trifling, and fse:urs have therefore remained
tolerably firm. The retail business done on Wednes-
day was at the enhanced terms of the previous market-
day; but later in the week the millers refused to continue
their purchases, and scarcely a transaction took place
on Friday; in which position of all.iirs quotations
remained nominally as before. The rece:pts of w heat from
abroad have not been by any means large; hut so cau-
tiously have buyers conducted their operations, that im-
porters have found it difficult to place even a
portion of what has come to hand. The tales have for
the most oart been confined to sm ill lots of Dantzie, fur

which needy consumers base had to pay previous rates:
but, wo question whether it would hate been passible to
place any quantity either un Wednesday or Friday, even if
sellers had been disposed to have made some 7MICLAiiOUII.
Stocks in granary are quite moderate, and ouiy a compara-
tively small proportion of what is held is of really good use-
ful quality.
The arrivals of wheat off the cant from ports east of
Gibraltar have been smal during the last eight or ten days,
and mcst of the cargoes which came forward earlier in tee
month having been previously placed, the transactions have
not been of importance of late. Thu hot sales have been
at 335. fel. to 3 Al. for red Pol.eh Odessa, and corresponding
rate. fur other eons. There have been offers from the Baltic,
but mostly at too high limits to allow of business being
done.
The inquiry for flour has been very slow, still the millets
have bulged on former terms, and quotations have not
varied. The arrivals per rail have been tolerably good, and
Noriolk and other country' household flour has moved off
wilily at late rates. Ihe arrivals of this article from
Frunce have amounted to 1,899 sucks, which, with 20,241
brie. from America, constitute a large 'twisty. The iliClillal•
tion to buy barrelled flour on speculation has sslediy sub-
sided, and the consumptive demand has scarcely been so
active as it was last week; still good to ti e qualities have
sot been offered below 21s. to 22e. per brl.
English barley has come forward sparirmly, and though
but little inquired for, its former value I.ln, twee steadily
maintained, prices being quite as high at the close us in the
beginning of the week. The arrivals from abroad have
been rather liberal, but factors have manifested no particu-
lar anxiety to realise, and good heavy parcels were not
cheaper on Friday than on Monday.
The inquiry for malt has continued el' w, notwithstanding
which a somewhat firmer toile has been assumed by sellers,
who have manifested 1, ore disposition to raise than to
lower their pretensions.
The supple el' oats coastwise has been scanty in the ex-
treme, and the arrivals from Ireland have (considering that
the wind has been favourable fur more than a fortnight)
been smaller than calculated on. From abroad the receipts
have been tolerably good, which, with al at had remained
unsold of the previously received eerily, has afforded an
ample &epee of samples. The trade has, nevertheless, been
characterised by rather more firmness th last week. The
dealers have not bought freely at any period of the week,
and the demand has been principally from consumers; but
what has been sold has been at rates equal to those of Mon-
day last; indeed, fine fresh qualities wire, if anything, the
' turn dearer on Friday.
Beans of home growth have commanded the lately en-
hanced terms, and Egyptian in granary have been held at
275. to 28s. per qr., being a further rise.
In peas the operations hue not been txn evive, owing
to the almost total want of supplies ; and, in this position
of affairs, accurate quotations cannot Ise very well inveu.
lu Indian corn nothing ot interest has transpireul
FOREIGN.

The weather appears to hare been less uniform on the
Continent than in this couniry. We hare complaints, Crum
some parte, of drought ; whilst from localities not tar dis-
tant from the fermi the letters speak of an excess of rain.
Nearly all the accounts agre however, in stating that the
growing grain erupt were promising in appearance. In
some places fl are were entertained owing to an racers of
wet, and in others injury was apprehended from a want
rain, but no actual mischief had bleu sustained The some-
what unfavourable accounts respecting the weather here
iu the early part of the month, and the knowledge that this
Las led to a small advance in the value of wheat in our mar-
kets, had been turned to account by our merchants, and
rather enhanced t, ruts had been insaded on. These had,
however, been resisted by buyers, and very lithe business
had consequently been done.
The moat nictut accounts from 1./Wein inform us that
holders of fine old wheat in granary tend remained vtry
firm, and prices out of all proportion to those current here
bad been asked. In the early part of the month hardly
anything had been done tor export to England, but subse
quently the inquiry improved. and for a lot of line new,
weighing 62 lbs. per litnikel, equal to ttis. per qr. lice out
hoard had actually item paid; the commoner kinds bad
been held at corresponding rates. In the neighlieurhoial of
ll iiitzie the weather had been so dry as to Cause uneasiness
to be felt relative to its slf,ets un the spring corn crops.
Letter,. from Stettin, of the 22nd inst., complain of too
much rain, which was acting injuriously, it was feared, on
the crop. of wheat, rye, and patttoer This, with the
more encouraging tone of the English advice', bad rained
the first-named article 'o be held with increased tiermie.n;
but barley and 045 had been offered on rather easier terms
than the week before. Quotations wee • then, for wheat,
36,. Gil. up to d 9..; barley, 225. O. to 23a.; and OSA,,
per qr. free on board. Peas had been in request for ex-
port, end equal to Mo. per ijr. free na board had beta
maimed.
It *tuck advice. of Monday tat say, We continue tee
hare wet weather, soil as wheat is coming into broom this
may do harm." Supplies from the farmers had, it appear.,
fallen off, and full pile.. had hen a demanded u well fur
wheat as tor opting corn and pulse.
! the p..rts .I‘l,,ta! i•Jr. of haw i
at
, general Lien very steadily supported ; and it that
a very alight improvement here would bo immediately fol-
' lowed by a rise in quotations abroad.
Hamburg adviima of last Tuitatlay idiom ur that the trea.

3

!ections in wheat had been unimportant einec the previa:al
post day, holders having in general inked higher prier..
than buyers had been inclined to give. Barley and onto
had rather receded iu value, but peas hail been toqu'l,lll
f snel 33.. per qr. tree on board had been obtained hr
the latter article. .

At Anitterd im equal to gig. per quarter free oo L .r
had been given fur white Konigsberg wheat, and 421.
been paid at Kum rdam fer Sandomirka of only model...to
quality.
At Groningen, F.mlen. &e, prices of na's had been to-
lerably well netintuintil, in vim of the ;lull . ccounts frnat
tine side. ['nodes at those places had 6(1.11 considers ''y
reduced by the shipments to England, at.d the suppllll
from the farmers were falling
The advice. from France are nut of to lively a charaeocr
as they were last week; and at Paris, on Weduisilay, thus
were symptoms of a reaction, the advance of ls. per ►ack rit
sour, established on that day re'iinigl.t, being paid v. .th
evident r; luetaute.

The accounts from the MaditiTranean spent( well of t' a
probable result of the harvest, and at some of the mark. to
rata had rather receded for wk. ut.
From N.ples we learn that good Barletta might have
been bought, so as to be put free on hoard, at, 33in p• t
quarter.
The latest reports from AllleriPa4 are much of the P r .0
character se thow previously revived. s of Ih.ar ..!.4
whim do not •.pl.eer to have %erica mat. rial:y at any t' e
principal porta, the supply en's dent:did having about.l.-
pace with each other. Freights to (beat 8..' am best .0P..)
remained about the 14/01111 as I, foie, the slidx..eutif
been on hvs liberal scale than emu tied. T il.:n,r the e 4
at flour on the other vide of the Atlantic end the fr. ;,1! t
England together, the article ci.elil seareelv h.r
here at the rates it may at present be lx.itight at in ,ue
markets.