The Express.
London, England, 1855-09-20 00:00:00

THE FRENCH CORN TRADE.

The Echo dried., in allusion to the effect which
the fall of Sebastopol may have on the torn-market, ob-
serves that, even were peace to result from it, Russian corn
could not appear in the French market until June, 1856. It
then examines the different points from which corn may be
imported, and cbserves that Turkey, the gulfs of Enos, of
Salouiki, Alexandretta and Egypt, are able to send consider•
able supplies. Algeria also begins to expert corn largely.
As for Naples, the Echo expresses • faint hope that, now
that Sebastopol has fallen, the King will allow corn to be
exported. It mentions Trieste and the Gulf of Fiume in the
Adriatic, ea valuable outlets for the coin of Hungary and
Illyria. In Spain it believes corn will be dear; the Baltic, the
North Sea, Sweden, and Denmark, will be enabled to export
large quantities, but less than usual; besides, England and
Holland, it observes, are more convenient markets for those
countries than France. The Echo then continues thus:—
"
We have still to speak of North America, which will have
vast quantities of wheat and maise at our diep teal. It is
true that the resources of that country this year have been
greatly exaggerated; thos, the yield of the United States
has been stated at 200 millions of hectolitres of wheat. This
is a great mistake which must be rectified, for in such mat-
ters there must be no illusion. We have an American do-
cument before us in which the wheat crop of 1855 through-
out the Union is stated to have been 168 millions of bushels,
or 69 millions of hectolitres. The maize crop was 700 millions
of bushels, or 210 millions of hectolitres. In 1854, with the
abundent harvest of 1863 and the large surplus
left in the granaries of the American producers, the
total exportation from the United State; did not ta-
inted 7,600,000 hectolitres of wheat. We scarcely think the
exportation of 1855 6 will be so much. As to that of maize,
it is unlimited ; and that species of corn is • precious
resource, which England had recourse to is 1846 7, and
which she has since continued to use. Such is at present the
state of those countries where we may find the corn
requisite for our consumption during the approaching year.
From the comairsoement of 18646, that is, August 1854 to
August 1856, an important fast has scarcely been noticed,
namely, the amount of oar importations of foreign corn. It
was 3,679,000 hectolitres, which have nearly all been con-
sumed. Now all this corn has oome tram the Mediter-
ranean; America, on which we rely for this year's
supply, contributed nothing to the above quantity of last
y_ear. Hence America is quite a new resoluta for in.
Nor must we forget that during a greet part of last year
the Danube was closed ; that the corn of Galati and Ibrail
has bees open to us only • few mouths, while, most pro-
bably daring the whole of the coming year, that country will
be able to export either to From or to England. We are,
therefore, sure of mullein from without the quantity of
corn we may be in want of, and our commercial men see
before them the plows to which they may send their orders.
The decree of the Bth of this memo, which extends to the
3lat of December, 1856, the delay allowed for the differeat
measures relating to food, enables the trader to operate with
all desirable ease and security. We may, therefore, con-
template the sowing year without anxiety, though prices
are likely to nage high."