The Express.
London, England, 1852-08-03 00:00:00

REVIEW OF THE CORN TRADE.

(nom the Mark Lave Espress.l
BRITISH.
According to the reports which have since reached
us, we learn that the corn crops were a good deal beaten
dews by the thunderstonas experienced towards the close
of last week; hut no rain having since fallen, and the west
ther bevies been bright and sunny, comparatively little le,.
jury is likely to result from what might otherwise are
proved • serious drawback to the productiveness of the, bar-
vest. We art sorry to learn, however, that the wls eat has,
been more or less blighted in different parts of the king-
dom ; the extent of the mischief cannot at per. sent be esti•
mated, but we have within the last !es d seerised re
ports of as unfavourable character nn this head from
various qu triers. Under the-e sire umstances, doubts are
beginning to be entertained wbether the yield of wheat
will prove so satisfactory a. was at one time expected.
These doubts, and the shortness of the deliveries from the
growers, have tended in some degree to check the down-
ward movement in prices ; and, though we arc unable to
iaotice any improvement in the demand fur the article,
fellers have shown rather less anxiety to realise than was the
case last week.
Cutting of barley and oats was pretty generally com-
menced in the home and some of the eastern counties on
the 2(4h July, and since the reaping of wheat has been
hi gun in early localities ; but the progress hitherto made
with the harvest has not been on a sufficiently extensive
scale to afford daps for judging as to the probable result of
any of the crops. The prevailing opinion • ))) ng practical
men appears to be that wheat will give a lair but nut a
large retorts. Barley is a heavy crop, and oats are expected
to yield well ; beaus and peas are in must districts short,
more especially the former.
Until within the lust eight or ten days, scarcely a com-
plaint was heard respecting wheat, and we are inclined to
attribute the blighted appearance which the ears have in
acme cases assumed to premature ripeness caused by the in-
tense heat we Dave experienced since the commencement oi
the month. Should any serious deficiency arise (which,
however, we do not apprehend), some improvement on pre-
sent rates would probably take place later in the year, as
stocks of old wheat are generally supposed to have been
reduced into a narrow compass, hut the quantity or quality
falling somewhat below expectation, would not, we think,
Dave much iutluence, unliss the crops of the other corn-
growing countries suffered as well as those of Great
Britain. . . . . . . . .

foe mieneral tone of the &deices from abroad is not of •
nature, thus far to lead to the belief that wheat will be
short, indeed the contrary is the case; hence we are not
very sanguine respecting the future range of prices. Much
will yet depend on the weather; should it prove wet, or
even unsettled, purchaser' might, and probably would,
deem it prudent to provide against contingencies by in-
creasing their sheiks, instead of working, as they have done
for so lung a period, from hand to mouth ; but so long as
we continue to have bright sunshine, and harvest work
Foes on briskly, rumours of an unfavourable character do
not gain credence very readily.
The potato disease has again been more talked of the last
few dal.; the haulm has certainly tuned black, but the
rout spacers to be only partially affected, and supplies of
new potatoes of goad quality continue to Mee to hand
rather freely. That a portion of this crop will again be
lost we think more than probable, but we questioawbether
the lo .s will be so great as to produce much effect cm the
value of other kinds of food in this country ; what may be
the case in Ireland we are not prepared to say, at present
the reports hum thence being, as usual, very contradictory.
From Scotland we continue to receive favourable reports
Ti epecting the weather and the crops, and harvest is not
likely to be later iu that part of the kingdom than in ordi-
nary season*. At Edinburgh samples of new barley were
shown on Wednesday last, which is, if we recollect right,
earlier than last year. Thu wheat trade was exceedingly
dull there as cell us at Glasgow, and oats and barley were
emier to buy at both places.
In Ireland the weather appears to have been very stormy
about the 21th and 2.ith July, but remarkably fins after-
wards. The corn crops are, on the whole, well spoken of.
Potatoes, on the other hand, are said to wear a very suspi-
cious appearance, and some improvement had consequently
taken place in the demand for Indian corn ; but the arrivels
having been liberal, prices had remained much the same as
before.
The arrivals of wheat coastwise into London have
slightly increased since last week, still only 3,116 quitters
have come to hand, which is •sm supply. No in-
crease has taken place in the quantity brought forward
by lariclearriage samples from the neighbouring counties,
indeed the Essex and Kent stands were nearly bare on
Wednesday we well as on Friday. The insignificance of
the arrivals of home grown wheat for some weeks past has
ceased the millers to use the greater portion of what they
had prevouely bought, and fresh thrashed qualities are
beginceug to be wanted. There has certainly not been
much activity in the demand at any period of the week,
but what has been brought forward has been mostly
placed at previous prices, and we consider that quota.
lions for home-grown wheat were quite as high on Fri-
day as in tin • beginning of the week. The receipts. of
wheat from abroad have been liberal, 3,116 qrs. having
been rewired up to this (Saturday) evening, being a
larger supply than in any previous week for a muMur-
able time past, Importers have shown more or less
anxiety to effect sales from on board ship, and them has
COastoplcutly been a goat deal of pressure on tbo market.
Buyers have, on the other hand, acted with extreme cau-
tion, and it is difficult under these circumstances to give
quotations with accuracy. Trifling sales have been made
front granary, of fine qualities, en much the same terms
as before; but this affords no criterion as to what might
have been obtained for parcels of consequence from on
board ship. Some inferior red Baltic wheat in molt con-
dition, was, we believe, forced off at 34.., and tolerabey
go el qualities would not on Friday have brought over
365. to 375. per quarter. With so little inclination to pur-
chase wheat on the spot, it may be readily conceived that
as there h not teal
Sage, amid evOi for those arrived off the coast it has been
difficult to obtain offers, and the amount of business done
in this branch of the trade has been lee important than
usual. A cargo of reel Polish Odessa realized 33e. per
quarter • few days ago. There have been offers of ltnotoek
wheat free on beard at 36v. per quarter, and from Stettin
the article has been offered at lower rates, without leading
to business.
The sale of flour has been unusually circumscribed, the
consumption of bread being still influenced by the weather.
The nominal top price of town-manufactured flour has
not varied, and fresh country marks have been held at
much the earns terms as before.L,There has been some
pressure of secondary and inferior American, but really
fine lots have not been offered lower.
he supply et barley of home growth has been scanty,
and the low trifling lots brought forward have been held
at previous prices; but with increased receipts the value of
this article would probably give way. The demand for
foreign, fur grinding purposes, has slackened of late, and
the quantity which has come to hand having been liberal,
prices have tended downwards.
Melt has been very difficult of disposal, and its previous
value has scarcely been supported.
Some increase has taken place in the arrivals ofoats cont.-
win and from Ireland, and from abroad 37,466 qrs. have
been reported during the week, a large proportion of the
latter from Archangel. The first Russian cargo arrived on
the 23rd July, and the opening price was 19s. per qr. On
Monday last this rate was no longer obtainable, sales hav-
ing then been made at lbs. to 18s. 6d., and since the value
has fallen still further, the commoner sorts being worth
only 175., and fine lee. per qr. on Friday. The demand for
other kinds of oats has been of • very retail nature, and the
fall in the prima Archanple has influenced the value of
home-grown awn, buyers being generally enabled to pur-
chase at ekl. to Is. per qr. lower on Friday than in the be-
ginning of the week.
Be ana have met with very little attention since last Mom
day, sod have been placed with difficulty at the WNW
then current.
Peas have hung very heavily on hand, and foreign lave
been offered at lower rates without leading to operation of
importance.
In Indian corn arrived there has not been much doing,
but distant cargoes hays met with some attention.
FOREIGN.
The wea,her during the month of July km beau similar
on the continent to that experienced here. The heat has
been intense, and, with the exception of occasional thunder
• storms, little rain appears to have fallen. The reports re-
specting the probable result of the harvest are not se mei-
venally of a favourable character as owlets in this swam;
but, on the other hand, there are few band
and thus far there is reason to believe ant ale larwt
will give • much better return over the art of
Northern Europe than last year. The p &MU peas
veils to some extent on the continent ; indsads MEW NO if
opinion that it will prove worse than for ammo omen poll
but this is merely surmise, as nothing positive ma as yet be
known on the subject.
The most recent advice, from Danzig state that Madness '
had remained in a very dull state, and that the vales of
gpoosidery qualities had tended downwards. boas ordinary
60 to 611te. wheat had been sold at equal tole'. to 36e. per
quartet f. o. b.; but the beet qualities of beg had not been
offered below 425. to 43e. per quarter. The thesis biters
make Namely any allusion to the mope, from which we are
inclined to think that there existed no cease for complaint.
At Steein, on the 26th of July, samples of new Oder-
brach hartsy were exhibited, of fine quality and heavy
weight. The harvest was progressing rapidly in that neigh-
bourhood, sad a considerable proportion had been secured
in capital condition. There were, however, some com-
plaints of blight in wheat, and of the potato diocese; but in
the face of has harvest weather these reports had not had
much influence, business having remained in a very dial
state.
At Stralsund There was also talk of blight and mildew
on the 26th ult., but this had led to no improvement in
prices; indeed, the tendency had been rather downwards
than otherwise.
Rostock letters of the 26th of July state that the weather
had been excessively hot. and it was feared that the grain
crepe might have been more or leas injured thereby, more
especially wheat, which in many districts had exhibited
Bymptoun of blight. The rye crop bad been nearly se-
cured, and hail given a capital return, both in quantity and
quality.
So little business has fee some time past been done in
wheat fur export at any of the Lower Baltic pore, that quo-
tations have in • great measure become nominal. At about
36e. per qr. free on board good (militia have lately been
offered, without exciting attention.
From the near continental ports the accoants are of •
daily character.
At Hamburg, en Tuesday, they, was secicely any
mad for wheat for export, gad the local inquiry was
also dAIL Fat pelevis co the sat swathes led be-

ems Pee.ectly nominal ; from eutports fair to good qualities
bad been utfered at 34.. to 33.. Oil. pet qr. fees on board,
wis.bout leading to salts of any e oiscquence. Prices of
other articles hid given way, and .53 to 54 lbs. Danish bar-
ley might thee hive been bought at 21s. to 21s Ga. ; whim.
39 lbs. oats had Lein ar,rul at 14s. per qr. free en urr...,
The crops in Holland are described as proniirin,;,, but
there is some talk of potato.' blight in the Rhine provinces.
At Rotterdam, on Monday, whose was 61. to ls. per qr. '
lower then on that day week. Bosie further purchases had
been made at Rotterdam and Amsterdam for shipment to
England. These operations, which have now extended over
some months, continue to create much vurprise, consider•
ably higher prices having been paid in the Dutch markets
than have been realised here, and the losses incurred by the
parties cones reed must have been enormous.
From France wo learn that the harvest was progremir g
fast, but the probable yield of wheat is not estimated so
highly es earlier in the season.
fhe latest accounts from America report an improvement
in the demand (or flour, and a slight rise in its value.