The Express.
London, England, 1853-08-16 00:00:00

REVIEW OF THE CORN TRADE.

(Fran the Mark Lena Repress.)
BRITISH.

1 The continuance of favourable weather for harvest
operations has had considerable effect on the tone of the
what trade, and the downward movement in prices which
commence& last week his continued. The total reaction
I from the highest point attained in July may be estimated at
I quits 6s. per qr. So great a decline we were scarcely pre-
pared to expect, and we question whether the actual posi-
tion of affairs warrants this reduction. The advice. from
the But are certainly of a more pacific character; end the
belief that this has given rise to—viz., that the difficulties
between Russia and Turkey will be arranged without en
appeal to arms—has now become so general that many are
disposed to think that all danger of war is at an end. Should
this prove to be the case, it would certainly make a great dif-
ference in regard to future supplies ; but there is still the
certainty that the crop have given a very short yield in many
of the althea parts of Europe including the south of France
and that a large portion of the wheat from the Black Sea
ports, which would otherwise have found its way to Great
Britain, will be retained within the Straits of Gibraltar.
The harvest is now far advanced in all parts of France,
and the reports respecting the result are of a nature to lead
to the conclusion that that country will require to import
largely. The sources from whence we have of late years
received the great bulk of our supply will not be in a posi-
tion, therefore, to afford us much assistance. The Black
Sea shipments will in all probability be directed to Mar-
seilles, Trieste, Venice, and other ports in the Mediterra-
nean, where higher prime are likely to be obtained than
in the British markets ; whilst the aerth of France will
certainly have little, if anything, to spare, and the proba-
bility is, that that country will take more from us than she
will be enabled to send. Meanwhile, there is reason
to believe that our own crop of wheat will fall mate-
rially short of an average; with auspicious weather
the deficiency would of course be less than it might
otherwise have been, but the favourable change
came too late to increase the bulk materially.
The quality has no doubt been greatly benefited thereby,
and that portion already secured will certainly be very fine.
Until the new produce shall have been subjected to the
test of thrashing, it would be unsafe to speak positively
respecting the yield ; but we must confess that we are not
sanguine on that point. That the breidth sown we. short
does not admit of question, and the weather throughout
the spring and summer (until within the last fortnight) has
not been of a favourable nature for wheat. In France,
where the atmospherical changes have been similar to
those experienced is this country, and where thrashiag has
already made some progress, the yield is reported to be
even shorter than had been anticipated ; this may afford
some criterion for judging of our own crop. The quality
there, as with as, is described as fine. By the end of the
month we shall have better data for forming an
opinion as to the probable future course of price.;
at present we see no reason to alter in any material
degree what we have on former occasions expressed.
The settlement of the eastern question would of course
make a difference, but it still remains to be seen whether
Russia will withdraw her troops as readily as she caused
them to advance.

The arrivals of wheat coastwise into the port of London
have been rather liberal this week, but there has not
been much exhibited at Mark-lane from Essex and Kent
in addition to what was left over from Monday. The
millers have acted with the utmost caution, and business
has been exceedingly inactive. On Wednesday scarcely
a sale was made, and quotations remained nominally as
before. Since then rather more anxiety has been shown
te realise, and on Friday purchasers succeeded in some
cases in buying on lower terms; generally, however,
factors were not inclined to give way ; hence a considera-
ble proportion of the wheat left over from Monday re-
mained unsold at the close of the week. Foreign wheat
has some rather freely to hand, 29,000 qrs. having been
reported during the week ending this (Saturday) even-
ing. A large proportion of the supply is again from the
Black Sea, and the quantity. of really good Baltic wheat
on the market has not increased materially of late.
There has been very little country inquiry, sad the town
millers appear to be in no immediate want ; the transactions
have consequently been on quite a retail scale, and in the
absence of business of importance, it is difficult to give quo-
tations with accuracy: there can, however, be no doubt
that the turn has on the whole been in favour of the pur-
chaser. The impossibility to place any quantity of wheat,
except at reduced rates, has cau.ed importers to determine
to land ; and a good many cargoes have been taken to gra-
nary, and withdrawn for the present from the market. The
arrivals of wheat off the coast from ports east of Gibraltar
have been quite trifling this week; and the cargoes pre-
viously received having been nearly all placed, the opera-
tions in Black Sea wheat have not been important. Cargoes
on passage have been in tolerably good request, and have
brought very full terms. Of the live cargoes arrived this
week off the coast, four have been placed, and only one-
-1,600 qrs. of hard Syrian what—remains on hand.
Hardly any barley of home-growth has oome to hand, and
quotations fur malting sorts must be regarded as nominal at
present. Baltic barley has been in fair request for grind-
ing, and was quite as dear at the does as in the commence-
' ment of the week. In southern sorts there has not been
much doing, and the turn has been slightly against the
seller.

Beans of home-growth were sold on rather euier terms
on Friday than would have been accepted in the beginning
of the week. We have heard of no sales of Egyptian

The demand for Indian corn has not bean so Wise as it

was in the beginning of the month ; the recently enhanced
prices have, nevertheless, been steadily maintained.

FOREIGN.
By the most recent advice' from the north of Europe
we learn that the very dull reports from hence, and an im-
provement which had taken place in the wsisther, had
caused some reaction in prices of wheat. 11 t opera.
teens had been commenced; but th.,s far we are nut in
pesseasion of any definite information respecting the yielder
quality of the new produce.
letters from Danzig, dated Tuesday, inform us that large
supplies of wheat had come forward from the interior, and
that the value of the article bad receded Is. to 2s. per qr.
The decline has been principally on the commoner sorts,
superior qualities having been comparatively scarce. About
3,400 qrs. had changed hands the day ►efore, consisting !or
the most part of faint whitish Upper Polish, weighing 60
to 6I lbs., for which 475. 6d. to 48s. per qr. free on board
has been paid.
At Konigsberg very little business appears to have been
done. The extreme scarcity of ships, and the very high
freights demanded, having interfered greatly with the exe-
cution of orders.

Stettiu advice' of Tuesday state that holders of wheat
had manifested somewhat move anxiety to sell, and pur-
chases of lair qualities of red wheat might have been made
at equal to 475. to 481. pet qr. free on board. Tho weather
WJI then ate, and harvest was progressing rapidly.
Stralsund letters of the same date report great firmness
on the part of holders of wheat, owing to the very reduced
state of the stocks on hand. Oood samples had not been
offered below SON , and for choice parcels Ms. to 525. per qr.
free on board had been asked.

From Hamburg we learn that the fall iu the London
market had not had much effect, and prices were :he same
there on Tuesday as on the previous post day, say Ms. to
524. per qr. tree on board for MI lbs. red whcat, weighed
up 60 lbs.

'ln the Dutch markets littlo al.eration seems to have
taken place. At Rotterdam, on Monday, a few samples of
new wheat were exhibited, of fine quality. The demand
fur export to the Rhine provinces had continued active.
The accounts from France are of a character to lead
to the belief that the harvest there—more especially in
the southern departments—has given a very unfavour-
able result; in a word, the state of affairs there is such
as to leave no doubt that France will have to import on a
very extensive scale. The reaction here has, consequently,
had no influence ; and at Paris, on Wednesday, in spite ul
the report.d fall of 4s per qr. in the London market, and
fine weather, flour rose fully a franc per sack. In the
south thrashing bad made considerable progress in almost
every instance the yield had greatly disappointed the
growers, and the deficiency was in many cases estimated to
be from a third to one half of the crop
The accounts from the Italian States also apesk very
unfavourably of the result of the h , and the ex-
portation of grain had been prohibited from Austrian Lom-
bardy.
Letters from Leghorn of the sth last. inform us that equal
to 57e. Gil. per qr. free on board had been paid fur Maria-
nopoli wheat.
From Ancona we learn that the crop of Indian corn had
been much injured by drought.

The reports from the Black Sea are of • very exciting
character. Odessa advice* of the 29th ult. inform us that
120,000 qrs. of wheat had changed hands there in the course
of a week, large purchases having been made for French
and Italian account. The prices paid had been about 2s.
per qr. above those previously current; equal to 31s. per
qr. free on board having been obtained for good qualities.
Vessels were exceedingly scarce, and freights very high ;
Mk to 17s. per qr. had been paid for the United Kingdom.
From Galata we learn, under date of 28th July, that the
in the neighbourhood nad made great progress, and
supplies of new wheat were expected to come forward in the
course of the present month. Stocks of old had been re•
(Weed unto a narrow compass, and holders of parcels in
store had, consequently, remained exceedingly firm.
Freights for wheat to the United Kingdom had risen to
225. and 235. per qr.
The most recent advice; from the United States inform us
that h in the forward districts had been nearly brought
to a close, and that the result was very satisfactory. Owing,
however, to the animated reports from Europe, holders of
wheat and flour had been encouraged to raise their preten•
sions. At New York, on the 29th ult. good Haut was worth
Us. 6d. per barrel.

MARKETS.

LONDON WEEKLY DOCK RETURNS.—Avom is.
Delivered. Pr. Stock., 1852.

Imported.
evo,ta,W. India mks 1,500
Mruritlus bap
Bengal liMsdrm bege 1,1100
Foreign MO
avrriz,W.lr ells . ca k. 11
Crylea beg.
Mocha bake
Cocoa, W.lndla bop 100
Pandora bap
Rom, Walt India.. emits 175

2,999 :22,300
„9,10 69,1140
9,300 133,000
9,600 219,000
27 1,.00
1,510 115,000
190 16,200
400 14,400
6 2,760
900 10,000

36,90
191,601
261,0, 0
2 10,000

-1,7 0
168,1 00

7,600
15,800

3000

COTTON.—Livmoor., At o. 15.—The Europa'. ed
vices being unimportant, have not altered the feeling of
the market, which closed to-day rather heavily without
change on Saturday's quotation.. The sales amiounted to
7.000 bales-1,500 for export ; and comprise 160 Pernam.
and Maranhama, 644. toad. ; 70 Bahia, 7d. ; 300 Egyptians,
64d. to Bd. ; and 500 Surat, 3.d. to 44d. per lb.

CORN.—Coax, Aug. 12.—We have little change to no-
tice this week. Native Wheat of prime quality is still in
request, but secondary sorts continue difficult to place. We
have had scarcely any native Barley at our market during
the week, and have been scantily supplied with Oats. For
the latter we do not change our quotations of last week.
Oatmeal and Indian meal without alteration. Flour remains
firm. Foreign Wheat : We quote Marianople 295. 6d. to 305.;
Ohirka, 28s. 64. to 295. ; and Polish Odessa, 281 to 28g. 6d.
The receipts to the Corn market during the week have
been—Wheat, 21 barrels, at 255. to 299. per brl. ; Barley,
12, 12a. 6d.; Oats, 488, Ils. to 13s. 64. And the receipts
to this day's market have been: Barley, 6 barrels, at
12s. ; Oats, 128, at 10e. to 12s. 64.

CATTLE.—LivrinvooL, AUG. 15.—We have had rather
a dull market. with a good supply of all descriptions of stock,
whilla met with a slow sale at the quotations. Prime
heifer beef, 614. ; 2nd class heifers, sd. to 6d. ; prime wed-
der mutton, 61d. to bid. The following were the numbers
at market: Cattle, 2,321; sheep, 11,827.

COALS.-Lownow, An°. 15.-Ships at market, 88;
sold, 77.-Bats's West Hartley, 18s. ; Dean's Primrose, 16s. ;
Holywell, 195.; Howard's West Hartley Netherton,
18s. 9d.; Longridge's West Hartley, 18s. 6d. ; North Percy
Hartley, 18s. ; Old Adsirs, 16s. 6d. ; Redheugh Main,
16s. ; Tanfield Moor, 16s. 9d. ; Tawfield Moor Butes,
16s. 9d. ; Tyns Main, 16s. 6d. ; Willington Hartley,
18s.; Wylam, 184. 6d; Walls End, 17s. ; Walls End
Hatton, 18s.; Walla End Hedley, 17s. 9d.; Walls End
Lawson, 175.; Eden Main, 18s.; Hetton's Lyons Main,
118 s. 3d. ; Walls Ead Braddyll, 18s 6d.; Walls End
FramweUgate, 18s. ; Walls End Hatton, 19s. ; Walls End
Haswell, 19s. 3d.; Walls End Kepler, 18s.; Walls End
Plummer, 18s. 6d. ; Walls End Russel's Hatton, 1131. 9d. ;
Walls End Stewart's, 19s. ; Walls End Cato*, 18e. 6d.;
Walls End Hartlepool, 19s. ; Walls End Heugh Hall,
18s. 3d; Walls End Hellos, 18e. 9d.; Walls End South
Hartlepool, 18s. 9d.; Walls End Suuth Kelloe, 18s. 3d. ;
Walla End Tees, 195.. ; Walls End Adelaide Tees, 18s. 9d. ;
Walls End South Durham, 18s.; Walls End Woodhouse
Close, 17s. 3d.; Dermatwater West Hartley, 18s. 6d.