The Express.
London, England, 1853-10-13 00:00:00

THE CORN TRADE.

The subjoined remarks are extracted trim the weekly
circular of Mr. George Dornbueeh, dated Wednesday :
" The long expected war declaration by Turkey has made
no great impression on the corn trade, judging from the
flagging markets throughout the week. The weather lest
weak is complained of as having been predominating wit
and gloomy, and especially in the north of the United
Kingdom, stormy with violent gales of wind and heavy
rains, thereby impeding the reaping and carrying of the
crops in late districts. The harvest, which this year hes
been protracted to en unusual length, was general in the
middle of last month, and may now be considered un the
whole completed, except in the molt backward parts of the
United Kingdom. Wheat-sowing has commenced rather
inauspiciously, the weather now being similar to (that of
last autumn, and the soil as much saturated with moisture
as then ; it is however to be expected that the present high
range of prices for wheat will induee farmers to extend this
year the cultivation of this kind of grain. The supplies of
ome-grown corn are appearing in greater abundance on
our markets. The arrivals of fo&eign corn continue
unimportant, and no great increase is expected (or some
time to come ; at present there is cot • fourth part of the
usual number of grain-laden vessels on the way to the
United Kingdom; I circumstance, the effect of which will
be felt more forcibly in the tonne of next winter. The
British corn trade during the last eight days passed in a
state of inactivity and uncertainty ; the upward tendency

of prices received a check MAWlthis:"dirfl the war drelara-
Lion of Turkey. The predominatin.t feeling of the trade at
present is one of suspeese.' Howes and impixttri Jai
supported by the expectation cf still IliOser putts of corn, !
founded on the supposition of a deficit nt w:•eat harvest al
home, and in the west cf Europe '• de ,cocci. sNpriort- '
room, the off in the arrivals; the appioacitine; °lose
of the navigation, and the icabruiled state of politico it: the
East; on the other hand, millers, dealers, bolters, and eatn•
lumens, mistrusting the present 'high position of prices,
hesitate to embark into larger purchases than required by
actual wants. and considering, that henceforward farmers
are likely to increase theirdeliveries, std that several specu•
lators will feel disposed to reali‘e a handsome profit,
it is probable between this conflict of antagonistic in-
terests, the corn trade from this time to the end
of the year may remain in a state of calm.
Last Friday (Oct. 8) the trade is Mark-lane was quiet, and
prices for most ertieles firm. In floating cargoes • few
sales of arrived grain were reported—a large cargo heated
Odessa wheat at 5Ss. c. f. and i.—a cargo Egyptian Indian
corn, ale., c. f. and i. to C. N. On Monday (Oct. 10) the
trade in Mark-lace was very quiet, notwithstanding the
confirmed war declarmien by Turkey ; prices of most arti-
dee remained nominally the same as on the preceding
Monday. The supply of home-grown, wheat was small,
and of foreign moderate ; the demand inactive and prices
somewhat irregular, some holders wanting more, others dii
posed to take less than eight days ago. For flour, barley,
and oats, the sale was slow at current prices. Beans ls.
cheaper. Peas rather dearer. In floating cargoes no trans•
action wee reported—few arrivals off the coast, and nut
many on the way from the South—in some cases lower
prices would have been taken for wheat, had buy ere come
lorward. Nothing done in Indian corn. There is a de-
mand fur rye for the Continent, but importers ask too high
prices. Atter three dry days, unfortunately this morning
was very wet, which will put a stop again to esery desenp-
tiou of held work."

IRONMASTERS' QUARTERLY MEETING.
WOLVERIIAMPTON, OCT. 12.
The usual muting of the ironmasters of this district, for
the current quarter was held at the Swan Motel in this
town, this iifterilocm; the attendance exceeded the average
on such occasions, and included the representatives of
several Londe' and Liverpool houses. The largeness of the
assembly is, in all probability, to he attributed to the pecu
liarly unpleasant state into which the trade Las been
plunged, end the difficulties entailed upon principals, by
reason of the recent alike' of the colliers, and the exorbi•
tent demands for advanced wages which have been
made by them. Prior to the ordinary public
assembly, a very important meeting of the heads
of the iron and coal trades was held, whereat
the unanimous resolve was that in the matter of the a ages
paid to the thin coal colliers, no further advance whatever
should be conceded, which revolution is completely concur-
rent with that agreed upon by the thick coal masters at
their meeting at West Bromwich last Friday. The time
has arrived when it is absolutely imperative that there
should be unanimity, firmness, and determination on the
part of tie trade ; concession after concession made to the
men in the meat liberal spirit by the employers has
only begotten new and more unjustifiable demands,
until at last if further advances were made it
would be impossible for those most important
branches—the coal and iron trades of Staffordshire—to be
any longer carried on. The mischief already done is incal-
culable ; works are in part stopped in consequence of the
want of coal. Now for nearly a fortnight (keens of pits
Ara left unproductive, of course to the great loss of the pro-
prietors ; furnaces have been put out of blast ; the falai-
' lies of the men are left destitute, in the majority of in-
stances with the barest necessaries of life, whilst others
are half-starved ; every branch of industry crippled, with
the impending certainty that if the men persevere in their
ill-advised course, and see not the lolly of their recklessness
and improvidence, that the trade of the district will ulti-
mately be driven to Wales.
The general reader of the newspapers, seeing tie an-
nouncement that the colliers have struck for an advance of
from .51. to 6s. a day, hu but a very imperfect glimmering
of the facts mete the amount of money which the men really
ears. The working day of a collier is not eight or ten
hours, as in many other branches of industry, but by the
nature of the arrangement it ia most cases happens that a
collier has done two days' work in nine hours, making the
sum earned ten shillings; and first-rate men very often
perform the work of two-and-a-half days in the
same period of time. In addition to this, each
man has an allowance of two quarts of ale daily; coals, teo,
for his family, which, at the present price of that commo-
dity, gives him an advantage of from two shillings to three
shillings per week over ordinary times. The consequence
of these high wages has been to make the men more im-
provident than ever, making up far the huge amount
of money they earn by limiting their labour to two or
three days a week (when they do choose to work at all);
and with so little idea of domestic economy in spending
their earnings that, in the majority of instances,
their families have little in the shape of the or-
ninary comforts of life. During the last fortnight hun-
dreds of the men have been out on the strike, with no
cause to show for their proceeding but their owe blindness
mad obstinacy ; we have the assurance, too, of persona who
have the means of knowing that but for the credit which
the shopkeepers afford, their families would be in actual
a tion. It is high time all this folly was ended ; the
mischief already resulting is enormous, and the conduct of '
the men (on whom all that mischief and all the misery will
ultimately fall with tenfold severity) is nu longer bearable.
It is calculated that the weekly produce of coal of the col-
lieries of this district has already been reduced
one-fourth, and we are glad, therefore, to find
that there is a firmness and proper spirit amongst
the masters, convinced that by a wise perseverance
in their present resolve they will be doin4 good service to
the workmen, and to the public, who have large interest as
well as they that this evil should no longer remain un-
checked. We :ire informed that some of the men have
already relented; the proceedings of to-day will, one would
imagine, convince even them of the fully of still further
prolonging a contest in which no particle of right or justice
is on their side.

Tue iron trade remains steady and healthy ; there is •
great demand for ell descriptions, and prices are firm ; so
much so,that some makers are getting higher prices than the
current quotations of the day ; there will not, however, for
reasons which all idterested will readily comprehend, be
any attempt made to advance pricer.
The tin-plate trade of Staffordshire is fiat, but in Wales
the orders are large, that make being, as we are informed,
now much preferred.
To-day's meeting passed off satisfactorily ; the trade of
this town, as well as the district, is in • prosperous condi-
tion, and accounts were paid with the utmost punctuality.

SHIPPING INTELLIGENCE.

CASUALTIES.

Calder, M'Ghce, from Leith, ran ashore in tke North Chan-
nel on the night of Ott. 2, during stormy and thick
weather, and filled ; she lies jammed be•ween two large
stones in about four feet water, lu her mainmast, decks,
and pumps started, and a hole or two in her bottom ; crew
landed.—Cronstadt, Oct. 4.
Euphemia, of Whitby, Storm, from Dantzic to this place,
struck on the Bar Sand, last evening, fell on her beam-
ends, and wan abandoned by the crew ; she righted this
morning, and has been towed up to Sutton Bridge by a
smack, waterlogged.—Boston, Oct. 10.
lonian, Colley. from Virginia to this port, was spoken,
Sept. 23, in lat. 39, kin. 70, bearing up for New York to
repair, having lost masts, sprung bowsprit, &c., in the
hurricane of Sept. 9.—Liverpool, Oct. 12.
Wilhelmine, of Vstadt, Andersson, trim Soderhamn to
London, was wrecked on a reef at the S.E. Point of this
island, Sept. 27 ; it is hoped that a great part of cargo
and materials may be saved.—Wisby, Sept. 29.

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