The Express.
London, England, 1853-08-02 00:00:00

THE FOREIGN CORN TRADE.

(From the Mark Lam Erpress.)
The advice. from the Baltic do not ace much in re-
spect to the prospects for the ensuing wheat harvest ; from
which fact we are disposed to conclude that thero is not
much to complain of. Rye will, we believe, give a better
yield than was supposed in the early part of the summer ;
but the information we have thus far been enabled to
collect is not sufficiently definite to be of much value.
The continued rise in the British markets, and the belief
that our crops would be short, had induced holders
at the principal Baltic ports to insist on very full
terms for wheat. The latest accounts from Danzig
state that the finer qualities in granary had not been
offered below 635. to 545.. and for real choice parcels as
much as 561, per qr., free on board, had been asked. The
eerreity of vessels had interfered considerably with bug-
, ness, the high freights demanded having rendered it im-
possible in many cases to execute orders limited to certain
price to cover cost and freight. Supplies from Upper and
Lower Poland had been tolerably good, the rise in Danzig
having encouraged holders in the interior to send down
part of their stocks.
Stettin letters of Tuesday state that the smallness of the
supplies of wheat from the growers, and the high preten-
sions of those having anything to offer from warehouse, had
prevented much being done, and the sales bad been on
quite a retail scale. The weather was then, and had for
some time been fine, which had tended to check specula-
tion. For good red wheat 495. to 505., and for white Polish
of 61 ta 6111 be. weight per bushel, 61s. per qr., free on
board, had been asked.
At Rostock stocks of wheat appear to have been nearly
exhausted, and the shipments from thence arc not likely
to be of much imeortance until after the new crop shall
have become available. The latest quotations from that
port are 60s. to 51s. per qr., free on board, for the finer
descriptions, with little anxiety to sell at those rates.
At Stralsund, Anclara, ffic., prices are nearly as high,
and the quantity held at the Lower ports, generally, small.
Daley and oats appear to have been quite exhausted i
Pommerania, Mecklenburg, &c., and prices of these articles
are as high there as in the English markets.
Tuesday's advices from Hamburg are of a somewhat
subdued tone. The London telegraphic stemmata of last
Muuday's market appear to have disappointed expecta-
tion, the effect of which bad been a desire on the part of
holders of wheat to realise ; and a reaction to the extent
of about 6d. per quarter from the highest point had conse-
quently taken place. The stock on the spot was estimated
ti consist of only 7,000 quarters—not a very formidable
quantity.
In th. Dutch markets the tendency of prices had con-
tinued upwards, owing to unfavourable reports relative to
the (rope in the Rhine provinces.
The accounts from Belgium describe the wheat trade as
firm, without much activity.
From France the reports regarding the prospects for the
harvest are very conflicting. Some state that the mischief
done to the wheat crop has been much exaggerated ;
whilst others state as positively that the injury has been
rather under than over-rated. Meanwhile the prices con-
tinuo to rise ; and, the averages having attained the
point at which the duty recedes to the minimum rate,
different ports will be open to admit wheat in August
at about Bd. to 9d per quarter duty. There was not much
doing in flour at Paris o• Wednesday; previous prices
were, nevertheless, well supported. Wheat was also quite
as dear as on that day week.
The accounts from Italy in regard to the wheat crop nre
very unfavourable; and by the latest advices from the Me-
diterranean it appears that prices of wheat were advancing
rapidly at all the principal porta.
The most recently received letters from Odeau speak less
favourably of the prospects for the harvest than previous
advioes ; this, and the lively reports from Great Britain,
had led to some speculative purchases at very full terms.
The exorbitant rates of freight from the Black Sea had al-
most put a stop to export. At Galata charters had been
closed for the United Kingdom at 214. to 21s. 9d. per qr.
New York letters of the 12th inst. state, that after re-
ceipt of the English advice', per Europa, an impetus was
given to the demand for breadstuff's, and that both wheat
and flour had risen in value. The growing crops were well
spoken of, and an abundant harvest was expected; there
had consequent) io been little disposition to speculate, and
the business in ter had been conked principally to the
execution of Ugh& order.