The Express.
London, England, 1851-09-02 00:00:00

REVIEW OF THE CORN TRADE DURING

THE PAST WEEK.

Tr et the Jiwk-lasw Ewes..
_ BRITISH.

After a period of upwards of three weeks of nearly
uninterrupted fine weather, a change has taken place, and
heavy showers have fallen in di6•rent parts of the kingdom
since our last, by which harvest work has been more or less
retarded.

As yet the rain has probably done little or no harm, but
a continuance of wet would prose injurious to the corn still
out in the north. It is difficult to obtain definite informa-
tion as to what portion of the crops has been secured, anal
how much remains abroad, as the proportions arc constantly
changing from day to day. In the southern, the midland,
and many of the eastern counties, the gnat bulk of the grain
has been got into the rick yards; and even in the north cart-
ing was commenced a fortnight ago; and, considering the
extraordinary fine weather experienced, it ix reasonable to
infer that considerably snore than half of the total produce
of the United Kingdom must have been saved. The whole
of %hat Max secured previous to the commencement of the
I week now about to terminate was carried in splendid con-
dition ; and, as the shower, have been partial, with intervals
of dry weather between, the work has not been wholly sus-
suspension. There is, however, still quite sufficient corn
remaining in the fields to render the weather a matter of
anxious consideration. The manner in which the northern

harvest may be finished is likely to make just this differ-
ence : in case the whole should be well got, the total yield
and quality of the cereal products of the British island,
would probably excel in both respects the growth of average
seasons; while a coutinuanco of inauspicious weather would
have the effect of so far injuring the quality, slid causing a
leas of qquantity in that portion of the corn not yet carried,
p metro s the general malt vadteisatly to Wog dew!
the crops to a bare average, or perhaps somewhat under.
The changeable weather experienced for some days past
has consequently been productive of some uneasiness, and
the trade assumed a firmer tune at several of the provincial
markets held toward, the close of the week.

We have continued our inquiries as to the yield of the
different kinds of grain; and the information which has
reached us since our last, from those quarters where the
tot of thrashing has been tried, agrees with what we had
previously learned on the subject. The quantity of spring
corn hitherto thrashed has been too small to be taken as a
criterion of the produce ; but farmers generally express
themselves satisfied with the return, or, at all events, there
is an absence of complaint, which may be regarded as a
pretty sure indication that, as far as the matter has hitherto
been investigated, there has been no great cause to find
fault. Wheat is sail not to produce quite so well from the
straw as had been expected, and we have heard instances of
country millers having bought by sample before the bulk
bad beeu thrashed out out, in which the quantity delivered
into the mills has proved below the estimate the farmer
had formed. We are, however, still of opinion, after a
careful consideration of all that we have been enabled to
learn, that in the principal wheat geowing counties the
sercable yield will prove fully an average, and the quality
wry superior.
The principal markets of the agricultural districts have
net hitherto been largely supplied with new grain of any
kind, the low range of prices having held out little induce-
ment to bring corn to market. There can, however, be no
doubt that the pecuniary position of many of the smaller far- ,
men (sebum capital has been rapidly reduced by free trade)
will compel them to sell, in order to raise the needful to!
meet current expenses. Of this the millers are well aware,
and they are consequently not very anxious buyers at pre.
sent. Meanwhile considerable supplies of foreign bread-
stuffs continue to reach our shores, and unless an impetus
should be given to business by some unforeseen circum-
stance—such as a loss of a portion of the grain crops in the
north by bad weather, or the spread of the potato disease—
higher
rates than those now current are not likely to be ma-1
used by our growers.
The advices from Scotland will for a time be regarded
with more than usual interest, comparatively little erotic
laving as yet been harvested in that country. The weather
appears to have become cold and wet there earlier than with
us, and along the western coast the crops are said to have
been lodged and beaten down by the wind and rain very
extensively. On the east side tile weather does not seem
to have been so bad, and letters dated Wednesday
state that in the Lothians harvest had not been mate-
rially interrupted. That no great alarm had been caused
by the rain, may be inferred from the fact that business
remained quiet both at Edinburgh and Glasgow on Wed-
nesday, with prices rather tending downwards. A letter
from Arbroath states that symptoms of the potato disease
had shown themselves in that neighbourhood, and it was
feared that a portion of the crop would he lost.
Tbe accounts from Ireland in re and to the potato blight
have again become less favourable than they were eight or
ten days ago; but no influence had, it appears been pro-
'laced by. the reported spread of the disease, the corn mar-
kets having remained inactive. The weather had been
Mania to that experienced on this side of the Channel, and
an me nit had fallen in some parts of the island as to put
• Mee le torten operations. The quality of the oats se-
lasud the wet set in is highly spoken of; and if that
portion remining in the fields should be tolerably well got,
the yield evald, it was thought, prove large.
Ihe amitrals of Wheat coastwise into the port of London
show a mall increase, compared with late receipts ; the
supply has nevertheless been small, only 3,025 qrs. having
been reported during the week ending this (Saturday)
evening.
The show by land-carriage samples from the neighbour-
ing counties has been quite trilling since our last. On
Wednesday scarcely a sample was exhibited either from
Essex or Kent, and, in the absence of business, quotations
remained nominally unshed. The somewhat threatening
weather subsequently experienced caused increased firmness
an Friday, and the few small lots brought forward were
easily placed at rates fully as high as those current in the
beginning of the week.
The receipts of foreign Wheat have been smaller than In
any previous week for some time past, viz., 8,297 qrs. What
was previously received has now been mostly landed, and
there has consequently been less pressure to make sales
from on board ship. Matters remained in a very quiet state
in the early part of the week, and there was not much doing
on Friday, but holders were evidently more confident, sad
we question whether it would have been possible to have
purchased on as easy terms on Friday as earlier in the
week. The arrivals from the Levant off the coast have been
moderate of late, and there are not many floating cargoes of
Wheat undisposed of. Within the last few days there has
been rather more inquiry for Polish Odessa, and similes'
sorts, and a few humans have been concluded during the
week; 325. per qr,, coat, freight, and insurance, has been
paid for Polish Odessa, and 275. per qr. for Ibraila.
The millers have not made any alteration in the to=
tation of town-manufactured flour. Really fresh q
of French have been in fair request, and have brought fill
terms, while the unsound and inferior descriptions have
been slmost wholly neglected. The same may be said in
segued to American, a considerable proportion of the supply
from thence having consisted of low qualities.
The receipts of Barley have been very scanty, only 144
qrs. having come forward coastwise, and none from abroad.
The misters have taken the few small lots of new which
ham hitherto appeared somewhat eagerly, and fine malting
lase not been sold below 30s. per qr. Tho demand
gm trsefgs Barley has been of a retail character; there was,
however, rather more doing on Friday than earlier in the
week, and fresh Baltic qualities were held at prices fully
zlititmo those previously current. The late arrivals of
n barley have been mostly landed on importers'
Otaient.
The Inquiry for malt has not improved since our last, but I
good qualities have not been sold cheaper than before.
The supply of oats coastwise has consisted of only 70 qrs.
From Ireland 3.5 qrs. have been received since the close of ,
last week, and from abroad only 11,460 qrs. The falling off
in the supplies from Russia, and fears created by the unset-
tled state of the weather for the outstanding crop in Scot-
land and Ireland, have caused sellers to regain erne degree
of confidence, and there has certainly been less disposition
to force sales than was the ease last week. On Wednesday
there was a better demand, but former rates could not be
exceeded; since then. however. an advance of 6d. per qr.
has been very generally established, and a tolerable extent ,
of lualluest was dace at the improvement on Friday. Riga
and A
en vespealivolampi Oak quality esalisetll7s. per qr., and other ,
gees sorts MSS.
1/thli Salk s l gmatities at former terms, and
no attend= Tequhring seem his taken place in prices of
either while er grey peas.
Owing Wmmewed fears respecting the potato crop, In-
dian ears Ant bet net with sense attention. During the I
week aborts anon lingoes have arrived off Falmouth and
Queenstown, el* plates part of which were, however, sold
while es pimps, sod only four remain undispoaed of. A
cargo ea peep ben Galan has been taken at 265. sal. per ,
qr., cost, freight, mid insurance.
FOREIGN.
The general tone of the advices from the Baltic!
varies little from what it was last week. The operations do
not appear to have been important at any of the leading ,
markets, holders having refused to make much concession.
There had at the same time been an absence of activity,
end the prevailing opinion had, it appears, been against
making purchases at the terms asked for Wheat.
Letters from Dantsic, dated the 23rd inst., state that the!
last sales had been at prices about la. per qr. below those
obtained in the beginning of the week. The total quantity
which had changed hands in eight days bad amounted to
only 5,000 qrs. Vessels were plentiful, and there being com-
paratively little corn to ship, few holders being disposed to
consign to the English markets, freights were receding.
Charters had been closed for London at 2s. to 2s. 6d., to
Liverpool at 2s. C.d., and to Gloucester at 3s. 6d.per qr.
Accounts had been received from Poland stating that the
harvest had been finished in that quarter. The quality of
the new Wheat would, it was thought, vary materially,
but in quantity the return would be good. In the
neighbourhood of Dantsie harvest had only just com-
meueed. The potato disease: was not spreading in that im-
mediate vicinity, but in Poland it was said be very gene-

ral. The latest quotations from Dantsie are, Lower Polish
common high mixed wheat, of 611 In. weight, 38s. 6d. • line
mixed, 375. 6d. to 385.; and mixed, weighingtihibs. to ellbs.,
365. 6d. to 375. per qr. free on board.
Advice' from Konigsberg of the 22nd of August speak
very despondingly respecting the state of the potato crop in
that part, describing the disease as more general than in
previous years. holders of wheat and rye had consequently
asked full terms, and prices were relatively higher them
than at Hamitic.

Accounts from Stettin of the 22nd ult. state that the har-
vest was fast progressing, and a good return was expected,
the weather having for two or three weeks been highly aus-
picious. Under these circumstances, buyers had declined
to act, and the general tendency of prices had been down-
ward ; good qualities of red were they obtainable at &Is.
per qr. tree on board.
At Rostock, little or nothing appears to have been done
in wheat; holders of granaries' parcel+ had shown consi-
derable confidence, but the land supplies had been offered I
at 375. to 38s. per qr. free on board, weight 62lbs. to 621145.
per buAel.
The accounts from the near continental ports are of a
similar character. From Hamburg we learn that hardly a
sale of wheat has been made since the previous post-day,
the export demand having almost wholly ceased. Good
60lbs. red Upland was then quoted 365. Sd. and from the
Lower Baltic ports there had been offers of GI to 6111bs. red
wheat nt 375. to 375. 6d. per qr. free on board. Barley had
met with less attention than before, which was, however,
in a measure attributed to the high pretensions of sellers.
Now Seale, weighing .5111 s. per bushel, had been offered,
deliverable in September, at equal to 255. 9d. per qr. free
on hoard, without meeting with buyers. In oats nothing
of interest had trawled".
The advice' from Holland do not speak very favourably,
of the result of the harvest in that country; still, prices of '
wheat were Is. to Is. Bd. per qr. lower at Rotterdam on
Monday *lssas that day week.
From France we learn that the supplies of new Wheat
had begun to increase, and that the value of the article
had consequently given way more or less at several of the
agricultural markets. At l'aris, on Thursday, business in
flour was dull, but prices were not lower than before.
From the Ilesliterranean ports the isavicca arc at present
without interest. _ .

The most recent reports from America infant us that the
wheat harvest had been nearly completed in the United
States, and that the yield was larger than had been secured
for year.. Indian corn was not so well spoken of. At New ,
York and the other large shipping ports the supplies of
breathautf, had more than kept pace with the demand, and
prices had suffered some further reduction. Shipments on
rather an extensive scale were being made for Grcat Bri-
tain, and we may calculate on receiving regular supplies
front the other side of the Atlantic till winter puts a stop to
the navigation.