The Express.
London, England, 1851-05-06 00:00:00

REVIEW OF THE BRITISH CORN TRADE

DURING THE PAST WEEK.

(Prom the Morin-Jane Ezprrsc)

Though the arrivals of grain from the Meatus.
and Black Sea off Falmouth, &c., have been moderate during
the past week, an increased supply at several of the ports on
the east coast from the Baltic, together with considerable re-
ceipts of flour from France, have kept the leading markets
well supplied with breadstuff's, and the downward move-
ment is prices has not yet been checked, though the weather
has for several days been cold and ungenial. That the im-
portation of foreign wheat and flour will continuo on a
liberal scale can scarcely be questioned, and a low range of
prices must therefore be calculated on, provided nothing
occurs to give rise to uneasiness respecting the growing crops.
The season thus far is rather backward; but in other respects
there is, we believe, little to complain of. The wheat plant
has stood the various changes in the temperature remarkably
well, and is generally described as healthy in appearance.
The sowing of spring corn, though frequently interrupted
by the heavy falls of rain which took place in March and
April, has nevertheless been brought to a successful termi-
nation; and farmers having now completed spring sowing,
may be expected to thrash out and bring forward more
liberal supplies of wheat. Under these circumstances mer-
chants and millers are not likely to depart from the system
they have so long pursued, viz., that of buying only for
the supply of immediate wants; and we are consequently
not sanguine as to any improvement in the tone of the
trade. That the influx of visitors into the metropolis will
cause some increase in the consumption of bread is certain ;
but if the prospects for the next harvest should continue
favourable, we should, wo think, have abundant supplies to
meet any extra demand likely to ensue. This appears, at
all events, to be the general impression ; and there is cer-
tainly no inclination to enter into speculative investments,
business having remained in a very inactive state at all the
leading provincial markets held since our last.
The accounts from the provincial markets show the ten-
dency of prices to have been decidedly downwards.
The most recently received advices from Scotland inform
ns that the dull reports from the south had caused a further
decline in prices of wheat at the leading markets; and though
other articles had been held firmly, the demand for both
barley and oats seems to have been checked by the high
pretensions of sellers.
From Ireland, the accounts as regards wheat and Indian
corn are of a more subdued tone than was the case last
week, but fur oats the demand had quite kept pace with
the supplies, and for the finer kinds a further mull advance
had been obtained. There appears little margin for profit
on shipment. from thence; still we expect that the upward
movement in our markets will draw moderate con-
signments.
!hough rather increased supplies of wheat have been
brought forward by the growers at some of the markets
in the agricultural districts, the arrivals coastwise into the
{sort of London have continued on the same limited scale as
before, and very little has appeared at Mark-lane since Mon-
day last by land-carriage samples from the neighbouring
counties. Small, however, as have been the supplies, the
quantity brought forward has proved amply sufficient to
satisfy the demand. On Wednesday scarcely any business was
done in English wheat, and the transactions were unimport-
ant on Friday, in which state of affairs prices have under-
gone no actual change ; but we question whether it would
have been possible to have disposed of any quantity at Moe-
day's reduced rates. The wind having been favourable for yes-
sch from the north and east, rather a large supply of Wheat
has been received, principally from the Baltic. The total
quaatity reported up to this (Saturday) evening has
emesmated to 31,121 qrs. The greater part of this supply
bas gone to the millers direct, and there has not been much
increase in the quantity exhibited for sale. Having, how-
ever, had only a thin attendance of country buyers,- and
the focal demand having been very far from active, con-
siderable difficulty has been experienced in making sales at
previous prices, and importers having refused to accept
lower rates, comparatively few bargains have been closed.
There has been less disposition to make purchases of float,
keg cargoes; the offers having, however, been by no means
11111111101111, sellers have remained tolerably firm. For red
Milk Odessa, on passage, 345. ad. to 365. per qr., cost and
frAght, has been aslced.
English barley has come sparingly to hand, only 637 qrs.
laving been received during the week. The temperature
having continued low for the season of the year, the malt-
sten have taken the finer kinds rather freely, and prices
were easeagasatly quite as high at the close u they were
le Me kiglasig of the week. The arrivals of barley frost
area Uwe bees to a fair extent, via., 11,249 qrs.
co however, bad some on Aserwl In addition toes
local inquiry, the lately Imam have been
without much difficulty.
Malt has ad with a nabob than of attention, and has
ssbt gate as welt as it dY bit week.
ifs of aft assikwies have been very small, and
the giggly ben Mktg miaow f but from abroad 30,000
to. eve one le bawl. Tie brags arrival has somewhat
emireafig earpallisaire Ihedmiee' docks having become
tegher redoee4 any bees awe Inclined to buy thaa
tile& Os Ilreijorier elearal wipes changed beads, at
lialmiskat lig 1. alle previously current; and good
own, imam. of lam or Image growth, was certainly not
abeam on Friday.
The few small lots of English beans which have appeared
since Monday have brought the rates then current, and
there has been a steady inquiry for Egyptians in granary,
at 21s. 6d. to 225. per qr.
Peas have been held with increased &mess, and their
former value has been supported.
The Irish demand for floating cargoes of Indian corn hes
continued, and nearly the whole of the cargoes lately ar-
rived off the coast have been directed to proceed to different
ports in the sister isle.
THE FOREIGN CORN TRADE. -

The advice, received from the northern European
ports this week do not speak so confidently =en% the
future course of prices as letters dated soma w bac . It
is now admitted that, unless an extensive demand on
British account should be experienced for wheat, the
value of that ail& will be likely to give way; indeed,
at sine of the Lotter Baltic ports prioee had already
bean to ail downwards, owing to the flat accounts
hem hence.
?he Daaaligaiehanta appear to have displayed consider-
ebb ibminno, sem persimmon el wheat bei igen 41111111gat
to ha ayeasomirwha grin Maw tins Mhos. The spew
tan dig week grim Apell hmd lam to a Ms
aretiat. meal via& lad be.. glieutgood tR
raa
61
eittaigui7 had be.. kr &re
what 61 to Oh Dig., asi Ili toWrder
4.
alai lig razed sual:trweliplag kg la
pi head. had dosed it mitirot SAO ag.
Inmelge. to ; Goole, 2g. M. led been
fi Falk a Ptak in 4d. ; and foe Newcastle,
APtifiratin to
had taxa very gall, and though
maws of what had soonlod to a further an of la. par qr.,
r=mlielger foie kid
hbeesa osa almeed. Good red
was Si. 6d. 116 LM . IL, and lie 61 to
II an liagene& tiTear. per
I qp.
embarg hagen lens us that beldame
et want had Im &dim in atm. oil that
aka ha lamb lead innitia km* at Oft.. is STe. It per
tp_mitsit ha as bunt Ise gad ad 41 to Ili& wind.
bad been andlantirol tee ; 20e. bad be.. pal he
=Otis to be &had kin Desna& ; gad kr Lau-
d parade pg. 6d. pa nada hod been