The Express.
London, England, 1853-07-28 00:00:00

TILE CORN TRADE.

Intelligence affecting the corn trade being at pre-
sent invested with extreme interest, we annex an extract
from the circular issued yesterday evening by Mr. 0. Dorn-
busch. The views of the writer respecting the crops at
home and abroad, and foreign supplies, are en many respects
striking
The weather now reigns supreme on the corn market,
even the portentous limo-Turkish question varnishes in
the background.
The weather during the last eight days was changeable
and cool for the season, with a preponderance of wet, and
on the whole unfavourable to the growing crops. In addi-
tion to the backwardness of the season—to the smallness of
Ilse breadth of wheat-sown-ground—to the floods and storms
during the wheat-blooming period—we now hear of red
rust, blight, and mildew, and insect in the wheat plant, as a
consequence of the late humidity, and most accounts agree
in representing the standing crop of wheat in this country
as one of the worst seen for many years. Barley and oats
present a fair appearance, though the let. heavy rains have
laid the crops in many fields. Turnips appear well. The
accounts relating to the hay harvest are dis,ressing, whole
fields of bay were swept clean by the late floods ; the price
of hay has since risen nearly 60 per cent. Potatoes in
England are reported to show unmistakeable symptoms of
extensive disease, but it is yet beyond human prevision to
see the extent to which the blight is likely to spread.
In Scotland the crops are reported light, and therefore
net much injured by the late rains ; the retarding ripening
process is the thief cause of complaint there. From Ire-
land the accounts respecting the growing crops are on the
whole favourable ; although a considerable quantity of rain
had fallen, the potato fields are described generally in good
condition, and only in partial cases the disease is spoken of.
The opinion is that this season it will be less violent and
more circumscribed than in former years.
The latest accounts from abroad confirm that France is
likely to want this year a large importation of foreign corn.
The government has provisionally suspended the prohibi-
tion to import from any European British possessions grain,
the produce of a foreign country (for instance, Polish
Odessa wheat from England). The price of wheat has
already risen in France to a height which will reduce, on
the 6th August, the import duty of foreign wheat in the
north of France to the minimum, that is, to 25e. per hec-
tolitre (about Eid. per quarter). The accounts respecting
the ....Its of the present harvest in Italy state, that in
thrashing the wheat, only half a crop is found, and in some
parts even less; hence, priors of grain have risen lately in
most Italian markets from 20 to 30 per cent., and upwards.
The Indian corn plant, which in Italy forms one of the
chief articles of the people's food, and ripens later than the
wheat, is now suffering from want of rain, and should also
this crop fail, theu, indeed, the consequence must be very
disastrous. The crops in the north and south-east of
Europe are, on the whole, with few exceptions, satisfacto-
ril spoken of.
The supplies of home-grown corn appear sparingly in our
markets. From abroad, the arrivals into London continue
to a fair extent, the bulk from the south of Europe. Off
the coast there have been this week numerous arrivals,
making a total, from the 15th June to 25th July, of 6.52
cargoes, which constitute the greatest part of the Mediter-
ranean spring shipments. It is probable that soon the sup-
plies from the south of Europe will fall off considerably, on
account of the few shipments made since May, in conse-
quence of the war rumours and the excessive high freight.
About 225. per quarter has been paid for wheat at Galata.
15s. at Odessa, Ca. at Dantaig, for the United Kingdom,
The excitement of Mark-lane at the commencement of last
week spread over all the country, and caused an almost
general rise of 2s. to 3s. per quarter of wheat.