The Express.
London, England, 1851-07-08 00:00:00

REVIEW OF THE BRITISH CORN TRADE

f•ximi473-riii-ietifwEss.

(Prom the Marls Lam Barren.)

The following table of the arrivals of Frain, pulse,
and lour into London, during the quarter and•og June 28th
with the receipts of the corresponding three months in
1880, say prove interesting to our readers:
June ra, June 29,
MI. IMO.
C 144. (144.
i. 311436 $5137
40 113

Jar 29, Jar 39.
BSI. 1130.
qrs. W.
Beam,
Do. Beach 31211
eas9
Do. Irish
Do. Foreign
Posi, English IIeS 1313
Do. Irish
Do. foreign 1323 1631
mks. meta.
Moen English , 37303 43137
Dire
DDo.o. Fordo.- 110033 30114
Do. 40.
The uniformity of the arrivals of wheat is striking, and
the difference in the supplies of barley is not so great as
might have been expected; but a marked falling off is
shown in the receipt of oats, whilst those of foreign tour
exhibit an increase of upwards of one hundred per cent.
The weather has been changeable since our last ; the
heat in the beginning of the week wee intense ; on Tuesday
thunder-sinems were experienced in different parts of the
.driefl/2 Sad slam them the temperature ha bees rimer
ralively arprelally during the nights and mornings.
These diaries are likely to prove somewhat trying to the
growing graft crops, but hitherto we have heard of no
complaints.
The reaction which occurred in the wheat tattle at
Mark-lane on Monday has influenced prices at all the lead.
ing provincial markets held during the week, and a ear&
dera-ble portion of the rise established in June has spit
been lost. The future range of quotations will, in ear
opinion, be entirely governed by the nature of the weather;
and we are inclined to think that those who anticipate a
rise in consequence of inadequate supplies have not made
amid:tent allowance for the increased shipments from abroad
likely to result, owing to the advance in our markets last
month. As yet we have certainly experienced no lack of
foreign supplies, and though it is more than probable that
the receipts of flour from France will, until after h.irvest,
be smaller than we have lately been accustomed to, this
falling off will, we believe, be partly made up by increased
arrivals of that article from the United States, and of wheat

from the Baltic.
The reports from the principal consuming towns describe
the trade as having become very depressed. Wheat has
receded is. to 2s. per qr. at the leading markets in the ag.
ricultural districts, though the deliveries from the growers
have but slightly increased. Spring corn has been more or
less influenced by the decline in the price of wheat ; it may,
however, be worthy of remark that Insley and oats of home
Frowth have nearly ceased to appear, and that the country
Is likely to be dependent till some time after harvest on the
continent for supplies.
The dull reports from the south have had considerable
ir.flueace on the tone of the grain trade in Scotland, and
wheat was easier to buy, both at Edinburgh and Glas-
gow, on Wednesday last. Oats, though in short supply,
lasealso ye way in price, and business was altogether
'IMPS from Ireland speak well of the prospects
Ist Ike lomat. The breadth of land under grain is
mil Was potter, and that cultivated with potatoes less,
OM balt }oar; the crops are described as promising in
all pins el the island, and though the supplies of native
grown cora brought forward had been small,:the tendency
of prices bad, it seems, been downwards, at all the princi-
pal towns.
The arrivals of Wheat coastwise into the port of London
hate been quite moderate, only 2,918 qrs. having been re-
=i ap to this (Saturday) evening. The quantity exhi-
nt Xark-lane, by land-carriage samples from the home
couollsy has at the same time been small, but the millers
have ashai with extreme caution, and the supplies have
Ono peeved quite sufficient to sat ay the demand.
scarcely a sale was made, and in the absence
of business quotations remained nominally unaltered. On
Friday the Kent stands were bare, and nearly the whole ex-
hibited ham Essex consisted of parcels left over from Monday
last. The EgUan acted with even greater caution than earlier
in the week and though factors would have submitted
to aims lirdersit decline to have effected a clearance,
little papas could be made in sales. The last general
average. price for the kingdom shows the effect of the ad-
vance in June ; this return, 425. 4d. per qr., is probably
the highest we shall have fur a time, as the late decline
will soon begin to tell on the averages. The receipts
of wheat from abroad have not been so large as last
week, the arrival has, however, exceeded 22,000 qrs.;
added to what remained unsold of the supplies of the
preceding fortnight, a liberal display of samples has
been afforded. the town millers appear to have still
suflicieut on hand to satisfy their immethate requirements,
and the country demand having been on quite a retail
scale, the transactions have been unimportant since '_Mon-
day; accurate quotations can therefore hardly be given,
but there can be no doubt that importers would, if business
could thereby have been facilitated, have accepted lower
terms at the close than would have been taken in the com-
mencement of the week. The disposition to make specula-
sive purchases of floating cargoes of wheat has entirely sub-
sided, and for some days past hardly a bargain has been
closed. Polish Odessa, red, has been offered at 355. 6d.,
lbraila at 30s. 6d. to 315., and Egyptian at 265. per quarter,
cost, freight, and insurance. For a cargo of Barletta 375. ed.
per quarter has been refused, the seller declining to accept 1
below 381. per quarter.
The nominal top price of manufactured flour has under-
gone no change. The milers report a slow demand; the
bakers, who bought pretty freely last month, having again
contracted their operations. The arrivals of foreign flour
have consisted of 38,498 aka. Best fresh qualities of French
have been held very firmly; ordinary and doubtful sorts
have been wholly neglected.
The total quantity of barley received into the port of
Landon during the week has consisted of 2,170 qrs.' the
whole of which is from abroad. Home supplies have alto-
gether ceased to come forward, and good qualities of foreign
suitable for grinding are likely tocommand a ready sale up to
harvest. The business done during the week has not been
extensive, but needy buyers have had to pay full terms.
The value of Malt has been steadily supported; indeed,
sellers have shown some disposition to raise their preten-
sions.
The arrivals of home-grown Oats have been small; from
our own coast only 748 qrs., from Scotland, 749 qrs., and
from Ireland 1,203 qrs. having come to hand during the
week. Having, however, had plentiful supplies from
abroad, the dealers have been enabled to purchase ou some-
what easier terms than of late.
English beaus have excited little attention since our last.
The smatnesa of the receipts has, however, rendered sellers
firm, and late rates have been maintained. We have heard
of no purchases of Egyptian to arrive.
The inquiry for peas, which was rather attire last week,
has again subsided, but the small advance then established
has been supported.
Purchases of Indian corn afloat have been made from
time to time at slightly reduced rates, say, Gaunt, 275.,
and Ibralia 235. to 254. 6d. per qr., cost and freight.
THE FOREIGN CORN TRADE.

By the most recent advice" from the north of Europe
we learn that the weather had become favourable for the
growing crops, and that the appearance of the counVy had
been so much improved as, in a great measure, to remove
fears previously entertained as to the probable result of the
harvest. At Hantric great firmness had nevertheless been
shown, and the extreme rates of the previous week had
been firmly maintained. The sales from the 20th to the
27th of June had amounted to 30,000 qrs. For superior
high-mixed Upper Polish, 465. to 485., and for other sorts
prices varying from 40s. to 4-ss. per qr. free on board
had been paid. Four vessels hail been chartered to load
for London at 3e. to 3s. 2d., one for Newcastle at 35.,
and one for the Frith of Forth at 2s. 10d. per quarter.
Stettin letters of the Ist instant speak very favourably of
the asp in than neighbourhood, and the expectation
of ea early and geed harvest had not been without in-
Ilmems es pekes ef wheat, which were
.quoted Is. 6d. per
V. hew leen dela ea ten days previous, say, 395. fur
geed Ink yellow flidedsra, 40s. 6d. for line 621bs. Ueker-
maik end Pomeranian. and 423. 6d. per qr. free on board
fee Rik white Polite. At the rates named there had
lam more sellers than hullers, the inclination to speculate
laving in a great measure subsided. The demand for other
articles had also slackened ; Oderbruck and Pomeranian
large barley had been offered at 21s. 6d., and oats at 21s. 3d.
per qr. free on board. Our Rostock advice, are of the 30th
of June. The tone of the accounts from thence is less ani-
mated than of late, an interval of fine weather having
tended to lessen the inclination to purchase Fine wheat
in granary had nevertheless been held with great firmness,
and (Mtn. quality had not been offered below 435. per qr.
free on board. No supplies of spring corn had come to hand,
end quotations had consequently remained nominally unal-
tered. The advice, from the other Lower Baltic ports are
dull, and we remain of opinion that holders on the other
side will ultimately have to give way, in case the summer
should prove tolerably auspicious. At Hamburg, on Tue.-
day, the tendency of prices was decidedly downwards; fine
weather, together with the dull tope of the English accounts
having caused sellers to become anxious to realise. Since '
the previous post day wheat had receded Is. 6d. to 2s, per
quarter, and oats had also given way more or less in value.
Some cargoes of the latter on passage from St. Petersburg
had been offered at His. to 18s. 3d. per quarter, cost and
freight. Recent accounts from Holland give a much more
favourable report of the crops in that country than those
previously received. At Rotterdam, on Monday, the wheat
trade was decidedly dull, and the value of the article had a
downward tendency. At Emden, on the 30th of June oats
weighing 39 to 431 be. per bushel were obtainable at 20s. per
quarter, free on board, being a decline on the rates current
on that day week.