The Express.
London, England, 1851-08-26 00:00:00

EVIEW OF THE BRITISH CORN TRADE

DURING THE PAST WEEK.

Prom the .Vark-lasor Erpress.
The additional inlormatiou which we have been
enabled to collect since we last addressed our readers places

us in a position to speak with greater certainty respecting the
quality of the new wheat than we were then enabled to do
tSupplten have now appeared at most of the markets in the'.
southern parts of the kingdom, and the reports from all
quarters agree in describing the sample as superior to the
produce of any preceding 10e45911 fur some years past; the
weight per bushel will, we think, average 621 b. to 6:11b.,
which is about 21b. per bushel higher than in ordinary sea-
sons. The acrruble yi,141 is also' with few exceptions, well
spoken of ; and there is reason to believe [Patin quantity the
crop will prove fully equal to the produce of good average

years.
The weather has, since the commencement of the month,
been u auspicious aa could possibly be desired. lu the 'forth,
where the crops were preciously backward. a moderate
supply of moisture has accompanieii the generally high
rouge of temperature, which has proved beneficial to spring
corn, and has certainly done no injury to Wheat. 'the
latest accounts from Scotland state that since last Monday
the showers had ceased, and that the weather had become

dry and hot, exactly what was needed, and that reaping
had partially commenced under highly favourable circum-
stances. In the south, where the crops were too tar ad.
sauced to profit by rain, only a few partial thunder-showers
have been experienced from time to time, not sufficient to
interrupt harvest war::; and the heat !wing been
the corn has been tit to carry almost us Won as cut; rapid
progress has, therefore, been made, and we are inclined to
think that about one half of the grain has been secured
south of the river Humber. This has been accomplished
without hurry or extra expense, always a great advantage
to the farmer.
From present appearances there is reason to hope that
by the end of the mouth the hulk of the produce of England
will have been secured, and Ireland will not be tar behind.
This is much better thou could at one period have been ex.
petted ; and, as far as the result of the harvest is concerned,
the British grower will have little to complain of.
What may be the effect of an abundance of home.pro-
duce and unrestricted importations, still remains to be seen ;
we sincerely hope that the superior quality and yield of
this year's harvest over that of hod .43011 may place our
agricultural friends in a better position to compete with the
fineign producer; but our opinion of free-trade is not of a
character to render us sanguine of any substantial improve-
ment in the circumstances of the home cultivator under its
iuflucucc.
Farmers have hitherto been too busily engaged in the
fields to bring forward large supplies; but the quantity
which has appeared at the different markets in the apical.
tural districts has proved more than sufficient to satisfy the
demand, and prices have receded Is. to 2s. per qr. since
Monday. A similar decline has also taken place at the
large consuming towns, without inducing the millers to
purchase more than they have deemed necessary to provide
for immediate wants. Meanwhile there is no falling off in
the supplies of breadstuffs from abroad; the arrivals of
flour, &C., into Liverpool from America have been large
during the last eight or ten days; and the list of supplies
will show that the aggregate receipts into the port of Lou-
don in grain and meal have lieen considerable.
The shipments from the Continent of Europe may, for
a time, be checked by the fall in prices here; but before
winter sets in we may expect renewed supplies from the
Baltic ; and it is certain that a considerable quantity ut
Flour is still on passage to this country from the other side
of the Atlantic. This is a state of things whirls, in our opi-

Mon, leaves little prospect of any speedy rally in priers,
more especially as the fears w Inch were at one period enter-
tained, in respect to the safety of the potato crop, have in a
great measure subsided.
If any reliance can he placed on the reports from Ireland,
the disease has, it would appear, by some agency or other,
been checked; and it is confidently anticipated that the loss
resulting from blight wit Inc comparatively trivial. The
improvement in thin respect had naturally influenced prices
of grain ; and the value of wheat, Indian corn, and oats had
given way at all the leading markets. harvest was pro-
gressing rapidly in Ireland wheat, it was thought, would
not prove so short as wan earlier in the season expected ;
and, regarding the yield and quality of the oat crop, very
high expectations were entertained. Fair supplies of new
oats had come forward, of very good quality; uud we may
reckon on receiving some quantity front thence in thecourse
of another month.

The arrivals oif wheat coastwise into the port of London
have been small slime our last, only 2,632 qrs. having been
reported during the week ending this (Saturday) evening.
The quantity brought forward ut Mark-lame by laud.
carriage samples from the neighbouring counties has, mean-
whi.e, been quite trilling, hardly a parce. of either new or
old wheat having been shown since Monday last. The
ruiners have throughout the week conducted their opera-
tions with extreme caution, and it is evident that few are
disposed to hold stocks of any consequence at present. The
transactions were oil quite a retail scale on Wednesday an
well as on Friday, and in the absence of bu.iness of any
importance quotatimai remained nominally unaltered, but
the tendency was decidedly downwards notwithstanding the
smallness of the supply.
The receipts of wheat from abroad have been good for
the time of year, viz., 14,t4e qrs. Importers are evidently
becoming more anxious to realise, but in the present state
of affairs it is almost imposs;ble to effect sales to any extent
from on board ship, and part of the supply will have to be
taken to warehouse.
It will be seen by reference to our advertising columns
that an attempt lo about to be made to endeavour to
establish a system of sales by auction. The plan is novel
in the corn ttadc, and we shall watch the working with
some interest.

The inquiry fur foreign wheat has, since last Monday,
been of quite a retail character, and it has kern impossible
to tempt buyers, though sellers have manifested cons,der-
able anxiety to facilitate business. On Wednesday vine
goad Dantzic wheat was reported to have been sold at 10s.
per qr., and purchases might have been made on equally
moderate terms on Friday; notwithstanding which, but few
bargains were closed. Relatively higher rates having been
asked fur wheat to arrive thou fur parcels 00 the spot, little
or nothing has been done in floating cargoes. Polish
Odessa has not hero offered below 325. to 335. per qr., cost
and freight, and other kinds have been held ut propor-
tionate rates.
. . .

-
, us
The millers have not as yet lowered the top price of " - - speculations were mule in other produce
town-manufactured flour; ship samples have been paned Burn and sugar, which have not answered the pur-
with at rather reduced terms. The arrivals of foreign poses of the operators. Thus an amount of at least
flour have consisted of 2,532 sacks, principally French, three millions of deficiency has in this country fallen
and 11,752 barrels American. Really line qualities "I upon houses speculating and rotten, and they have
foreign have been hell steadily at previous prices ;. no other resource but to wind up faster or slcwer,
but the ordinary descriptions have scarcely sold SO well ,
as before. sooner or later. Every mail brings them bad accounts
English barley has conic sparingly to hand ; indeed, from their correspondents and allied firms on both
hardly a sample has been exhibited at Murk-lane since shores of the United States; and, although extensive
Monday ; the terms then current hero consequently been . business and small profits are telling in favour of the
supported. The arrivals of barley from abroad leave con-'. houses having capital, there is nothing to keep up
sisted of 17,919 qrs., a large proportion of which is from
Egypt. Good Baltic grinding qualities have nut generally : the h" p" of those who at all times trade, or rather
been offered lower than before ; but inferior sorts, whether . speculate, on the capital of others. Succeeding mails
from the North of Europe or front Egypt, have been some- from the United States will in all likelihood bring us
what pressingly ufford, and hardly sold so well on Friday similar retorts of commercial difficulties from that
as in the beginning of the week. I
- quarter, but there is nothing in the general condi-
The transactions in malt have been of very little interest, '
and its value has undergone Teo quotable change. . non of the country to justify a feeling of alarm nt
The arrivals of oats eoatwise and from Ireland have been ' the unpleasant events which are now occurring
quite insignificant ; but the Russian supplies have not yet here.
ceased, a considerable proportion of the 31,148 qrs. received , The following statement, prepared and condensed
from abroad being from that country. The dealers have from various official returns, will be found to present
manifested no disposition to purchw beyond what they
an intelligible view of the note circulation of the
have required for immediate use, and many holding good
stocks, the trade has Wen tar from active. The little bu- United kingdom, and of the coin and bullion held by
siness,done on Wednesday was at about previous terms' but the hanks indicated, both positively at the dates of
on Friday Riga and Archangel oats were obtainable 61. per the accounts last made up, and comparatively with
qr. cheaper than on Monday. The dry condition of the returns for corresponding periods:
new will, to a certain extent, interfere with the consume-' .
tion of old oats; still we are disposed to think that those the subjoined table gives the aggregate weekly
remaining on hand will be wanted. , average of the note circulation of the United King-
Beam have been wholly neglected, and their value has ' dos, as it stood fur the four weeks ending the 19th
remained nominally unaltered. ! and 26th of July, and the 2nd and 9th instant,
There has been little inquiry for peas since Monday, and I being the latest dite to which the returns have been
we have heard of no alteration in prices.
in Indian et,rn than last week, , collectively completed for all the banks of issue; and
There has been less doing
and the tendency of prices has been downward ; the bast, !,1120 the results us compared with the returns fur the
sale was at 265. tal. per qr. for Galata. Ity -os four weeks ending the 12th of July:
REVIEW OF THE FOREIGN CORN TRADE.
Fine harvest weather, in combination with the
continued dull reports front hence, have not been without
influence on the grain trade at the principal continental
markets, and it is evident that speculators in the Baltic will
not be able to prevent prices falling to their natural level.
Already a decline leas taken place in quotations in that
quart, r, and the tons of the ad vices from thence is much
less confident than was the case some weeks ago. Dantzie
letters of the 18th instant inform us that the operations

Wlll7 14 Aug. 9.
MI. 1641. •
L I L
Bonito( England.— 141;4710 30,411.791; 163,901
I.tividis 44.7,76• 3,347,344 90.:40
Mut btiinit %inks
in Engbad 33,613,31 24411,n74 7641:1
110311 And
lidand 4,014374 4971,433 603)
--
3!„917.212 11041.3114 024166 —

Were

during the wetk had zm comparatively trivial ; the re-
ports relative to the spread of the potato di,ease in Ireland
had, however, outlived to encourage holders to uk previous,
rates, and in some eases a small advance had even been

United King Juan.

Showing an increase of 768.4611. in the note circula-
tion of England and Wales, and an increase of
824,1661. in the circulation of? the United Kingdom,

Ks Account.
PARIS Aro. 23. I For
Money. ;Clinenbe 1116beot Lowest Mins.
3 per cent 5............
.3
.1:
4133 413,3
übl
300
twr (2,41 0.
wr Cent..
I, do. New Loma
per nc.

I, du. New Lora '
per Ours. I ; II
Kzeheage an Unice • at
...a •

25 7.i :90 dapc24 W.

-
844i:in, 5, 1110
1)0. 5, 14.2.„.„ ... Itomm Loon, 1151 .. 73i ...
Do. 44 -• ... 110. .1.,. 1,40 ... 781 ..
Dn. 2,
Piedmont 5 lc Cents. M 40 ... lat .0, "tare.
PAWS, AVU. 15.—Fh. Germain, ; Veruiller (right
bAnlc. —; di•to (left bank!. 'A ) 75; Pori. and Orleson., 102 :A; ...

Paris and Knoen. 611 0; Rouen and lIATIV, 241 25; 71araeille. arai
.55110,10, 2 6 2.; atrsrabourg and Bale, 151 25; Centre; 435 ;
an.logrte and rtinien,, —; Orleans and 11nrdeaur, 393 73 ; 77Itt lb.
ern, 41.5; Part. and ora...ord. 362 50; Tour, aad
171 ; ldepve and Freamp, 20: 75.
NIAOOII7, Aco UST 20.—Three per Cents., 362 ; after Bohm,
362. Four per Cents.,lsl; after Bolsa, 15,1. Five per
Ceuta., 71; after Bolsa, 7). l'assives, 9; after Balsa,
6 9-16. Coupons, 81. utter Bata, 81. Bunk of St.
Ferdinand, after Balsa, 100 i cash. Exchange on London,
.31 cash.