The Express.
London, England, 1862-01-31 00:00:00

THS CORN TRADE.

Duri BIRMINGHAM, JAN. 30.
ng the past year we have had eradicable arra-
tioas in the value a wheat. The fall tram the beginning
of 'June to 15th July was about Bs. per quarter. At this
period so much wheat had accumulated in the different
part of the United Kingdom, that it became almost lropos-
i▪ lds to obtain stomge.room ; but this was relieved by
lave warms of wheat and Sour for France, consequent on
the reported failure of crop, in that country, and our own
crop barium proved a very deficient one, whilst • great part
of the usual foreign supplies, particulsrly from the Uinta
States, was diverted to France. The prime of all except
the finest quintals subsequently dread to within 2s. per
quarter of the highest rates of the year. The arrivals of
foreign wheat and flour boat mouth were 996,131 quarters :
this month we have no doubt they will prove much greater,
whilst for the peat year they have exceeded any previous
one by about a million and half quarter,. The stocks
in the ports are now very heavy and inermaing, and
we expect will retinue to do for some time;
yet as the arrivals neually fall off is the early
spring, sod war bee berme very reap, we only antic&
ppi:otiauspizdaal decline, eves if our own crops continue im
as at present. This will, we think, induce most
of the farmers to clear ast at shoat our present rates, but
as they are not generally short of money they can afford
to hold, and will probably do so Artier than sell at be..
It is difficult to estimate the quantity still left in their
halide. The way is which the people of Ireland have found
the means to pay for the large quantities of foreign wheat
and lodise corn imported since the famine has beg bra a
mystery to us ; it is now becoming evident that this has
been done in part at Ira out of capital, as the last go-
vernment returns show a peat redraw both in the num-
ber of cattle kept and the merge under cultivation. For
a time the expenditure of English capital in the purchase
and improvement of estates prevented the drain of mosey
from letur; felt; but now we see its results in decreasing stock
and diminished cultivation, which if rationed must reduce
a considerable portion of the country to a more sheep walk.
We have to congratulate our friers on having far the pay-
ment at least reaped an American war. Had the acc.pro-
ductrre classes of the two countries succeeded in eighteens'
their governments, the doubled price of provisions and the
destruction of our export trade by the hostile navies, would
—with the present increased popular's—have rased an
amount of distress far exceeding that at the beginning of
the last great European war, sad which we believe would
have found no parallel be the memory of the present gene-
ration. The crop of barley proved a large ohe, and in most
ease. of good and heavy quality. Owing to the great balk
of the nee imp the farmers required mach lees thee oral
for home nee ; and thrash the imports of pre of
foreign have been lees than foe many yeue, the pre rules
comparatively low. The crop of English 01411 Mis very good,
sad as the esdaramble weather at the season for plantieg
wind Wand Immo to leave for eats a large area sot
ariskidly isteeded far this purpose, the production was much
=than mewl The quality also being very fine and
they have been so cheap as hitherto Liman to ex-
clude Irish and foreign from consumption with us, but
lance our farmers' supplies of this pan usually nearly cease
in a couple of months, we look forward to an improved
demand later in the year. The snivels of foreign have
bees materially less that le 1880. Contrary to our ex-
pectation the bean crop turned oat at least an average or,
the anticipated failures bane only partial; oorequeetly
the isle for Egyptian and other foreign grown has been
more difficult than for many years past, and we do not look
for any improvement in the demand at present, the im-
ports having exceeded any previous twelve months.
Although the importance of per has bee 25 per cent.
larger than that of any former year, we do not think so
' many remain on hand as is commonly the case at
this seree, the quality having been very en =
r well as berg cheaper ran usual, compared with
barley, and ladies sera. The imports of Indian corn ex-
ceed those of any past year, except that of the famine in
1847 ; orgentlemen who has recently visited all the portin Ireland estimates the stock at over 1,060,000 quarters,
others 900,000; the latter quantity materially exceeds the
annual average consumption of the last seven yeah - still
for the reasons before expressed respecting wheat, we do not
look forward to au y material decline at present. The total
import of all kinds of corn, meal, zed flour were 1,684,633
quarters more in 1361 than in 1860, and 4,575,377 quartets
is excess of any other previous year.—From Yeasre. J. and
C. Starge's Annual Circular.