The Express.
London, England, 1852-07-20 00:00:00

REVIEW OF THE CORN TRADE.

rem tLe -Seri Lone Espress.l
BRITISH.

The depression which we have had to notice as
traist.ng for ma weeks past in the grain trade has further
du:rimed NOM ewe lasi ; and, though the arrivals from
abroad have not been heavy, and the deliveries from our
awn growers have been priers have continued to
tend eewnwards in all ports of the kingdom. This state of
affairs must be attributed entirely to the anticipation of an
abundant harvest. This expectation is certainly not cc-
reasonable ; still it is somewhat premature, as the corn
cannot, under the most main:iota circumstances, be ready
tor the sickle even is the earliest district+ bofore August,
and it will require at least six weeks of fine weather to
secure the crops in England, whilst a longer period
must flips before the harvest an be completed in
lan
d
and the north of Ireland. We sincerely
hope that nothing may occur to mar the present pro-
rune of future abundance, bat we acknowledge that wo
are not of a igfiltiently earguine temrerament to allow
as to r, bard all danger over, when the corn is not yet
ripe. 'lnt wheat crop wear+ a splendid appearance.
at, lis beginning to change colmr. In some parts of the
country it is sat to have changed too quickly, but we be-
ll, ye that this is by no m au. General ; and. Judel.mil from
what has come triad. r our own observation, we are inclined
to think that the rifting: process Is going on as favourably
as coal poe.ib:y he desired. The Lent-sown crop. woeld
no doubt be benefited by gentle showers ; hitherto, how-
est r, the crops •f....! hinds look team kahly well, and show
• s gas of haviug sefferi.d from drought. haymaking has
mile rapid ;impress : i-Ared. the greater port has been
secured ia this ncighboarbood: and this is, we believe.
the caw generally is 011111 p eta of the kingdom. The yield
:s better than might have been expected, cansidennir the
*stream drought iu April and `law; a small portion
of that cared early in the mouth was carried iu
showery weather, an I may perhaps have suffered
Ware 91 lees in qually, but that which has been
stacked during the last fortnight has bren saved in
111,.: resident order. We have taken vinsiderable
pains to endeavour to elst.dn information respecting
the state of the potato crop. The 'covets are, as {llll/la, rut-
fleiently vague and contradictory ; there can be no doubt
that the 'rev's to which this root has been liable since
1616 prevail. to a greater or less extent on this aids of the
I.74marrel,se we:l in Ireland ; bat the accouuts thus 11l
are not of a Lature to create anything like serious appre-
Masan. It applies tow that the disorder is gradually de-
creasing in viridenee from year to year; and we may tope
lOW as it beeves.. better tn.:ere...eh means may be fend
to romper it entirely. A considerable proportion of the re-
:elan emu import"' into Great Britain of It. has beta
stored, for • -n! ef buyers from on board ship; still the
stock' arc not p.irticul irly large either at the ports oo the
coast or in Loosen. Of Engash wheat some quantity re-
mains in the hands of the growers; but storks of barley,
at., beano, and peas, of home growth, appear to be nearly
exhausted in ad parts of the kingdom. The decline in the
va!ao of wheat +wee this day week may be fairly estimated
at Is. to '-`s. per qr.
At Ideerpo,l, on Tuesday, sales proceeded slowly, at a
redgehmi of Id. to 2d. per and Roar was 61. to Is.
per brl. cheaper than on that day aeon:gilt. subsequently
• further atiatrumut occurred, the former article being Id.
per and the latter rue turn lower on Friday than on
the prettallZ markt t day.
The accouni, from the other large consuming towns arc
of a similar cha-acter; and even in toe agricultural dis-
tricts, whet. buten have hul to depend entirely on the
growers 101 fupp..s, they have been enabled to purchase
whist ~uire Is. -ter q-. cheaper than they cmid have dune a
week ago, and ids. per qr. le now an (revue quotation
for in cf.

From fieritlan.l we continue to receive very satisfactory
mitts respectiag the outstanding crops ; we have as yet
*meetly head of the potato disease in that quarter, and the
ciira crops ate desienbed as promising. The Edinburgh
market was only moderately supplied with home-grown
wheal on We.inerolar, and previous prices were nearly
maintained, but foreign was easier to bay. At Glasgow, en
Vie wane slay, the turn was decidedly in favour of the per.
eiwe r, wheat being quoted tid. per 64:1, and dour 6.1. to Is.
per sack, lower.
The Irish ethic's 'peak well of the prospects for the har-
vest, and, though the potato disease h..* unquestionably
manifeeted itself in different parts of the is.and, prices of
wheat had tended downwards. Gots had become very ,
scarce, and only a emaparatively trading quantity can be
expected from thence this side harvest; the fall in the
English markets had, however, bad more or Ins effect on
pries then.
Tie arrivals of wheat coastwise into Leaden have been
small, only 2,110 qrs Laving been reported up to this
(setertlay) evening; the demand has, however, been of so
retail a character that the supply has proved amply miti-
cunt to satisfy Liners. On 11 edneeday the Essex stands
were bare. end there were only a few samplee, left over
train Monday, offered from Kent; the inquiry was, how-
ecd languid in the extreme, and great difficulty was ex-
pirienced in etlectiag sales kt the recently reamed rates.
Matters remained in much the same position on Enday, the
only difference being greater anxiety ou the part of Lectors
-o realise. Our millers are in general but lightly stocked;
they appear, however, determined to art cautiously, and re-
fuse to bay a bushel more than seeded fur immediate ins.
The receipt. of wheat from 'bread have not been large ;
but in the present state of things a very small excess of
supply over demand gives buyers a d.cieled advantage, and
there can be no doubt that purchases might have been
made on easier terms towards the close than in the nom- 11
mencemest of the weak notwithstanding which it was''
found nameable to sell, and the probability a that im-
porters will be obliged to land. We have heard of nu sales
of Soetieg cargoes of wheat on passage from Black Sea
ports ; and this branch of the trade has entirely lost the
activity by which it was characterised a few weeks ago.
The rotes asked have been, for red Polish °deem 345.
3be. to ars. per qr. cost, freight, and insurance • an:l
corresponding terms for other descriptions. From the Lower:
Bitie ports good qualities of red wheat ham been offered
the last day or two at 355. per qr. free on board, without
leading to business.
',leer hay hung very heavily on hand throughout the
wee k, the baker. having refused to buy, anticipating a re-
than= in the top price. The receipts of the article from
abroad have consisted of 1,930 sacks from France and
6.062 barrels from America ; both sorts have been difficult
of disposal, and only choice lots have brought former terms.
bearcely lay home-grown barley has come forward, and
to little has been done in the finer kinds fur same time past
that quotatiens must be regarded as in a great measure no-
minal. Foreign barley has moved offsome what tardily, Audi
in some cases prices were accepted on Friday which importers
would not have been *filing to have taken earlier in the
week ; the decline was, however, not so generates to reader
a.teration in quotations necessary.
In the value of malt we have no change to notice ; the
consumption hes been great of late, but the supplies have
proved adequate to the demand.
The arrivals of oats coastwise have been moderate, and
from Ireland none have come forward. From abroad we
have a pin to report a good supply. The trade in this
groin has been exceedingly dull, the principal dealers being
in general well stocked, and therefore more anxious to sell
than to ho The prevailing opinion is that the receipts of ,1
this rala hem Russia will be less than usual this season ;
bet the shipments from the near continental ports have
proved so greatly in sleeve of expectation that the scarcity
of home-growe corn has not been felt. Priers have nut I
varied materially since Mandy fur flee qualities of oats,
bat etelinery sorts were offered cheaper on Friday than at
any previous period for some time past, without exciting
attention.

Beane have beta lees sought after than of late, but sellers
have refired to take lower prices than those current on
Wildly last.
Superior qualities of peas have also been bed pretty
tirmly, whilst ordinary sorts of foreign have become nearly
illimitable, though crfered at reduced rate..
N./thins of interest has transpired in Indian corn afloat.
FOREIGN.
The &deices from the continent generally speak well
of the growing crops and the prospects for the miming
harvi.st. The weather appears to have been similar is
eb.auter to that experienced here, over the greater part of
Europe. In some of the southern countries the drought
may, perhaps, have done machlef ; but .r.n the whole there
is reason to calculate on good crops generally. Rye-cutting
has been commenced in some parte of Germany, and in the
south of France wheat is ready for the sickle.
The dull reports from Great Britain, and the prospect of
a plentiful harvest, had naturally influenced the minds of
holden of old wheat, and more anxiety had bees mai-
hived to realise than at any previous period.
Even at Danzig, where sellers have all alongshown great
anomie, prices had on the 12th inst. begun to tend down-
wards, more espe chair for the commoner qualities. The
fa.; from that day week was estimated at Is. to 2a. per qr. ;
and a let of mind wheat, weighing 158 to releitin pee bushel,
had been sold at 331. per qr. free on hoard. The lut
charter for Lauda° had been at U. bd. per qr. for wheat in
full.

Konigsberg, on the 10th inst., business was very in-
active, and scarcely anything had been done there for some
time previous ter export; red wheat of f.l lbs. weight was
then obtainable at 375. and white weighing 614 lbs. at
4'4. per qr. free an board. Is spring corn waking of
aut, tett had transpired, and quotations had became nearly
nominal.

I rut Stettin we learn, under date of the 12th inst.,
that the weather having been very finder, the grain mops
had advanced rapidly towards maturity, and that the
cutting of rye had been commenced. With little or no
ez;ort demand, and as nawillingeese on the part of level
boyen to purchase more than needed for their famodiate
wants, prices had tended downwards. Pair spade, of
wheel were then obtainable at EU to 375. and Smi as is.
to Ida. per qr., including he to lice nay ant deemed
Britain. h.rlq sad eats had as' lama amid mail lower
thau before, the first-awned aril& Wits MI lemma 22a
to 225. Gel., and the latter lee.
re of Tuesday ve eve tont?r.
Hamburg lettery Avowed*
count of the prospects for the wrest In that neighbour-
hood. Wheat had bee, offered at reduced says from net.
porta without lading to business, cad prime a/ =sarii:
oat. I also receded. Wheat of 6011 a, was than
at to Me. ; Danish barley of 531 be. to bilbs. weight, at
22.. Gd. ; and 4011 n. oats from Denmark, at I.u. per qr. free
cm board.
The latest advice. from Holland eosins the previously
received reports magismiag the gmerallp promising *Mar'
once of the grain crepe, bat potato** are not so well spoken
of. The I:samaras at the principal Dutch markets had,
it appears, been quite unimportant, and the vale* of "eat
and oats had tailed downwards.
From Prance we learn that the reports from the antatry
respecting the corn crepe had varied materially in afferent
quarten. la 110M1 districts drought had, it was said, date

af km injury, and in others the crops had Woo da.
ranged by heavy thluderstorms. At Paris on Wednrslay
Intailleel was quiet, but prises for wheat and dour were no:
quite so deprers,cl &to the week before.
The latest ateoust• from America describe the aspect rif
the grolcug crr.ps in P:e Vino d Sever, a. wilt as in
Canada, as set;sf.ictory ; it being at the same time 6 traitted
that considerable stocks of old wheat aol dour fellllllllllllhl la
the interior. Under thew eireumstancts, and with very
discouraging reports from hence, the value of breadstas
bad tended downwards at the principal ports. At NOV
York hit nualitits of dour aught have bees bought at
6.1. per bri„ mid finest sorts at corresponding rates.
The shipments to ()teat Britaia hail bees on rather a liberal