The Express.
London, England, 1851-10-28 00:00:00

REVIEW OF THE CORN TRADE DURING

SECOND EDITION.

LAW INTELLIGENCE.

THIS DAY.

COURT OF BANKRUPTCY.
&MOSS Mm. Cr 11111.10311 1101.80 TD.

Iv HZ MERRTWILATIIEN.

THE PAST WEEK.

(Tram the Merl-Line Stereo.)
BRITISH.

TY eacial account of the importations of grain,
pill, and flour into the United Kingdom during the moath
analog 10th instant has just been published, from which it
',Pears that the total quantity of corn, de., received,
iranted to 601,708 qrs., of which 300,280 qrs. consisted of
dele, and. 193,211 qrs. Indian corn ; whilst of wheaten
leer 624,476 cwts. were received. The supplies, though
considerable, show a decrease as compared with those of
any preceding month for some time past, which must be
attributed to the low range of prices in our markets. A
large proportion of the receipts of wheat and flour has been
from distant parts, from whence shipments were made
previous to the result of our harvest having become known.
The parties concerned will unquestionably suffer losses on
these consignments, which will tend to check further ship-
ments; and as little is now being despatched from any of
the near continental ports to Great Britain, the prospects
are that the importations of foreign grain and flour will
be on a comosratively small scale during the winter and
early spring months. This ought certainly to have a
beneficial influeneo on the corn trade in tins country, and
cause some advance in prices; hitherto, however, there
have been no signs of amendment; indeed, a portion of the
advance established the first fortnight in October has since
been lost, in consequence of a falling off in the consumptive
demand, and a total want of speculative inquiry.
Since the repeal of the corn laws up to the present period
the supplies have constantly been in excess of the demand,
and the markets have almost always laboured under great
pressure: this was the case throughout this year 18.10, and
with a very deficient harvest, we had low prices and super-
abundant supplies.
Whether the deficiency in the rye crop over a large por-
tion of the north of Europe, together with the partial
failure of potatoes in the British islands as well as on the
continent, will have the effect of preventing an excess of
supplies of foreign breadstuffs, remains to be seen; but this
is certain, that hoidens are not very confident as to the
future. That the last harvest has turned out fully equal to
expectation both in quantity and quality is generally ad-
mitted; and it is therefore concluded that the home sup-
pllia will be on a sufficiently liberal scale to render us
in a great measure independent of foreign arrivals. Busi-
ness in wheat has throughout the week remained in a very
quiet state, and at soot ral of the large consuming towns in
the north the tendency of prices has been downwards.
The account+ from the agricultural districts speak well of
the progress made with ploughing and sowing; indad, a
more favourable time than we have experienced this month
for out-door labours could scarcely be desired; and wheat•
sowing is more forward than usual at the corresponding
period of the year. Notwithstanding the busy manlier in
whick farmers have for some week. past been engaged in
the fields, the deliveries of wheat have been tolerably good
and the extra demand, for seed, has been easily provided
for, without causing an advance in prices; indeed, at many
of the markets in the agricultural districts a decline of Is.
to 2s. per qr. has taken place since Monday last. Very little
is at present said about potatoes, from which we are dis-
posed to think that they are keeping better than had been
calculated on. The quality of those brought to market is
certainly quite equal to expectation, and the proportion of
diseased tubers does not increase materially.
The arrivals of wheat coastwise into the port of London
have been moderate, only 4,260 qrs. having been reported
during the week ending this (Saturday) evening. Tho
quantity brought forward at Murk lane by land-carriage
samples from the neighbouring counties has meanwhile
Seen very small, and the offers front Lincolnshire and
Cambridgeshire have not been by any means numerous.
The town nil:len have conducted their operations with ex-
treme caution, anti the falling off in the receipts has failed
to give a firmer character to the trade. On Wednesday
scarcely a sale was made, which may, however, be partly
attributed to the fog which prevailed during market hours,
the darkness being so great at times as to render it impos-
sible to distiuguish quality. On Friday the Essex stands
were bare, and there was little wheat exhibited front Kent
beyond a few lots left over from Monday; these
consisting of secondary qualities, sales proceeded
very slowly, at previous terms. The supply of
foreign wheat has not been large, but quite
as much has arrived as was expected—vie., 12,900 qrs.
Most of this supply is from distant parts, the receipts from
the near continental ports being comparatively small. The
best qualities of Dantzic and fine Baltic red wheat have
been taken in small quantities by the town millers for
tinting, and needy buyers have had to pay quite former
rates. The commoner sorts have hung very heavily on
hand, and scarcely sold so well on Friday as in the be-
ginning of the week. The recent purchases of Really
cargoes on Dutch and Itlgian account, together with what
has been taken for Ireland, has caused an almest total
elcarance, and there are now very few parcels off the
oast undivisused of. The business done since our last has
oensequently been unisuportant, but where sales have been
effected full terms have been realised—say 325. per qr. for
Polish Odessa, and similar rates fur other sorts. This
price includes freight to the continent, which may be esti-
mated at Is. to Is. lid. per qr.
The arrivals from abroad have consisted of 1,617 sacks
sad 1,000 brim.
Barley of home growth has come rather sparingly to
hand since Monday.
The Finn tone of the malt trade noticed last week has
ohm been well maintained, and choice parcel,' have com-
manded full terms.
Though the total supply of oats is certainly not large, we
have hail a fair show of samples at Idark.lane ; a good
many small lots having come forward by rail in addition to
the quantity reported.
We have no change to notice in the value of beans.
The article was, however, held with increased firmness
on Friday.
Peas have come forward slowly; and for new white
boilers very full terms have been realised.
FOREIGN.

A petition had been presented in the case of W. S. Mer-
riwtather, brick-maker, of West Him, whosa certificate
was granted some time ago, seeking to annul the adjudica-
tion. The hearing of the arguments on the petition was
then adjourned until a subsequent day.
Mr. Stafford, on behalf of the petitioner, Mr. R. Salmon,
auctioneer and estate agent, of Buckler:bury, a judgment
creditor, stated the circumstances under winch Mr. Merry-
weather had been made bankrupt, which were fully detailed
ou the late hearing. The petition denied the validity
of the debt of the trade assignee, Mr. Robinson, banker, of
Croydon, alleging that that gentleman was indemnified;
averred that the bankruptcy was concerted between the
bankrupt and his son, the petitioning creditor, Mr. M. W.
Turner, whose debt was questioned; that the trading was
me rely colourable; and that the whole proceeding was a
fraud on the detaining creditors, at whose suit the bank-
rupt was then in custody. It was also alleged that the pe-
titioning creditor had not come before the court in tne
name by which he was best known—that of Marcus Wil-
liam Merrywcather Turner, but had dropped the " Merry-
weather" in order to conceal from the court the fact of his
relationship to the bankrupt.
Mr. Cooke, for the bankrupt, Mr. Wright, for the peti-
tioning creditor, and Mr. Bagley, for the trade assignees,
all opposed the petition.
His Honour now gave judruents He said the case dis-
closed by the petition was one of a singular nature. The
petitioner haring recovered judgment in the Common Pleas
against the bankrupt, had charged him in custody, he being
at the time in prison at another suit. A petition in bank- 1
ruptcy being presented, it was sought to impeach the trading
and the petitioning creditors' debt. It was now alleged
that only four dehti hail been proved ; and that the creditor'■
assignee had been indemnified; but this was now denied,
both by the assignee and the petitioning creditor. The
charge of collusion was supported by the allegation
that Mr. M. W. M. Turner, the petitioning creditor,
had dropped the name of" Merryereather" in the petition ;
but it appeared that when he took the name of Turner, he
was authorised to use that surname only, and there seemed
to have been no attempt at concealment. At the same time,
he had brought the charge upon himself, by his habitual
use of the name of Me:Ty-weather. Collusion would seldom
be proved by direct evidence, but must be collected from
the circumstances of the case. Here, the whole of the re-
quisites of a bankrupt bad existed, after the bankrupt had
been twenty-one days in prison; but there were
circumstances calculated to excite suspicion in the
proceedings of the petitioning creditor, his relationship
to the bankrupt, and other matters. Looking at all the
eircumetanees, and considering thug the collusion was not
established by the facts, he thought the bankruptcy ought
to be allowed to take effect. The petition of Mr. Salmon
must be dismisaed; but he must regard the case as one of
suspicion, in which the petitioner was justified in taking the
proceedings he had done, and he would therefore dismiss
the petition withouteusts.

et.
it
se
SO
es

Not the slightest effect appears to have been produced on
the tone of the grain trade in the Baltic by the discouraging
advises from hence. The wheat crop is generally admitted
to have produced well, in point of quantity, over the
greater part of the north of Europe ; and though the
quality is said to be very various, it is not any defect in
that crop to which the high range of prices abroad is to be
attributed. The primary cause of the speculation must
rather be looked fur in the shortness of the rye harvest in
Germany, Sweden, Holland, and Belgium ; the deficiency
being now estimated at fully one-third. The prevalence of
the potato disease in the countries named has also had con-
siderable influence ; and the continental holders of wheat
appear to have come to the conclusion that, whether Great
Britain requires supplies or not, quotations will be sup-
ported so long as the value of rye keeps up.
Letters from Dantzic, dated October IS, inform us that
scarcely any supplies of wheat were coming forward from
the Vistula towns, higher prices having been paid by
buyers from Berlin titan could be expected to be realised at
Holders of what remained in granary had conse-
quently demanded very full prices, and most of the foreign
orders received having been limited relatively low, hardly
any business bad been done, only about 2,000 quarters hav-
ing changed hand+ during the week. Two vessels had been
chartered to load for London at 2s. 2d. to 2.0. 4d. per quar-
ter for wheat; and some shipments of secondary qualities
were in progress fur Rotterdam and Amsterdam.
At Rostock, on the 21st of October, there was very little
passing in wheat. Tho supplies of new had been quite
trifling, and the few small lots brought forward, though not
of fine quality, having been harvested during damp wea-
r thee, had sold at equal to 3is. per quarter free on ooard.
Bidders of old granaried parcel• had insisted on full terms,
and purchases for spring shipment could not have been
made below 395. per quarter free on board ; indeed, some
quantity had been taken at that figure by a Hamburg
speculator.
We have an interesting letter from Anclam, dated 22nd
inst. Speaking of the wheat crop in Pomerania, our Corre-
spondent describes the yield and quality as fair • but pots-
toes having nearly failed altogether, and the produce of rye
BEAUS O. CLivs, W. I being at most two-thirds of an average crop, the satisfactory
RICHARDS T. TRH SOL TH E \STERN RAILWAY COlteasii. insult of the wheat harvest would not, it was thought, pre-
This was an action brought by a market gardener at vent prices of all kinds of food ruling high. On the strength
Iligham, in Kent, against the South Eastern Railway Cent- , of this belief considerable speculative purchases of rye had
pony to recover 41. 10s. fir damage done to some goods en. been made, more especially at Stettin, and enormously high
trusted to their care to c cry and deliver. rates had been realised. The value of rye and wheat was
Plaintiff stated that on the 9th and 111th of July be sent about the same at the port last named, say 375. to 375. 6d.
a large quantity of peas, potatoes, and fruit to the Highest • per quarter. Potatoes had risen in the same proportion,
station fur transit to London. They were all packed up and as much as 10. Pd. per bushel had been paid for the
separately and carefully, and arrived at the station at five latter article, being more than double the ordinary price.
o'clock each evening. In the regular course of business' The reports from Hamburg are a'so of an animated cha-
they eught to have been delivered to his salesman at three ratter. Letters dated Tuesday state that in addition to a
o'clock the next morning, in-teed of which they did not good deneard from the interior, purchasers had appeared
reach Covent-garden market until five o'clock in the even- there for shipment to Sweden, and that very full terms bad
hag. The goods were then all mixed and unlit for sale, be consequently been realised for wheat as well as for spring
sides being too Lite for market; consequently he brought corn. For the former article, on the spot, equal to
the present action to recover their value and the loss he had 41s. to 42a. per qr. free on board had been paid, weight
sustained by their not being sold. 60Ibs. to 6llba. per bushel ; and contracts had been cloned
William Richard., brother to plaintiff, proved the delivery at 395. fal. to 40s. 6d. per qr. for good 61IM. red wheat, de-
af the goods to George Lloyd, a porter in the emPlv of tho livered in spring at Holstein Pomeranian, and Mecklen-
railway company, at Ilighain, burg ports. Barley had been in lively request, and for
For the defendants it was contended that the goods were 'Albs. to 541 M. Danish, delivered in spring, 225. Pd. per qr.
all packed up ty the plaintiff's carman and delivered in bad been paid.
Loudon in the same state. As for the lateness of the deli- In the Dutch markets the upward movement in prices
very, it was all owing to the plaintiff's carman. appears to have received a check ; and the most recent ad-
His Honour said he must have the attendance of the car- vices from Itotterdant arc not of so animated a character as
man before be gave judgmeut ; therefore, he should ad. previous accounts. Letters of Tuesday's date state that
journ the case until the 11th of November. supplies having increased riser the previous post-day, rod
wheat had moved off rather slowly at former rates, and that
white had given way 6d. to IL per qr. Spring corn had,
on the other hand, been in lively request; and barley and
beans were each quoted ls., and peas Is. to 2s. per qr.
higher.
The advice* from France describe business in wheat and
flour as very arm, without being particularly animated. At
' Paris on Wednesday the millers were induced, by the up-
ward movement in prices of wheat at many of the leading
provincial markets, to endeavour to establish an advance of
If. per sack on flour ; but in this they failed, buyers refus-
ing to pay higher terms than the week before.

SOUTHWARK COUNTY COURT.

THIS DAY.

CENTRAL CRIMINAL COURT.

441,0
4$

THIS DAY.

OLD CO4 RT. —litroue rah Its.o?iwas.

Freiharr eon Furrier, a Bavarian, who wu convicted
yesterday of a robbery at the York Hotel, Blackfriars, wu
brought up fur judgment, and sentenced to be imprisoned
and kept to hard labour fur twelve months.

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