The Express.
London, England, 1851-04-29 00:00:00

REVIEW OF THE BRITISH CORN TRADE
DCRING THE PAST WEEK.

(►rom the MariAlme Ezfresx.)
In the early part of the week the arrivals of wheat and
Indian corn off Fahnouth and Queenstown from port., cast
of Gibraltar were large, nod the total number of W.A.:A
reported from the lith to 2 lth has amounted to sixty
laden with the first, and ditty-eight with the last-naured

article.
In addition to thin stipple some quantity of wheat has
been received from the north of Europe, which, together
with abundant arrivals of friar into London, Liverpool, kr.,
have afforded so large an aggregate supply of foreign 'Mali-
stllfr• an IA produce a depressing influence uu th • trade.
'rhe deliveries of wheat from our own growers have at the
same time inereawd, and the weather having throughout
the week been highly auspicious for the growing crops, the
downward tendency which we hail to notice in nor last has
berm followed by a further decline in the value of wheat at
most of the leading provincial markets.
The position of affairs is certainly not very encouraging
for holders at present ; and unless anything untoward
should occur to give rise to uneasy feelings in regard to the
growing crepe, prices can hardly be expected to rally, at
least fur a time. The large millers appear to he still oer:t-
-idy well mockcol in most leort, of the kingdom • and there in
just now more why:it and flour offering at the different ports
011 the coast than can be immediately placed. Importers
have, therefore, no alternative eseupt to land ; and an or-
cumulation is thus taking place at a peens! of the year
when, in the ordinary course of affairs, the early spring
shipments from the Baltic may be supposed to be chew at
hand Already many vessels irraiu laden, and bound to
Ilritish ports, have passed the Sound; and by the latest
aceounts from that quart, r we learn that further shipmeats
were being made, notwithstanding the Hat advice. from
hence. It is, consequently, not to 11/, wondered at that pur-
chasers should exercise caution in their operations., and we
are of opinion that nothing short of decidedly unfavourable
weather would give a sufficient impetus to, the demand to
rause any material improt ement in the value of Wheat.
The trade has, since our last, been conducted strictly on
the hand-to-mouth system at all the large consuming towns,
The case in different an regards spring corn. And though
barley and Outs have for some time past oununanded rela-
tively higher rates than wheat, supplies of those articles
have rather fallen oil' than increased. Whether resent
prices will have the effect of drawing foreign supplies, we
are not prepared to say; hut that the .docks of both Barley
and Woof home-growth are reduced into a very narrow
compass, scarcely admits of doubt. The dull accounts from the south appear tohave prodneed
some effect 011 the Wheat trade in Scotland. At Edinburgh
on Wednesday, the article hardly sold so well as on that
day se'nnight. And though previous prices were firmly
supported at Glasgow, there woo evidently less inclination
to buy. Quotations of other articles do not seem to have
varied materially, but the high rates asked fur Oats had
checked the demand.
From Ireland we learn that the arrivals of wheat and
Indian corn from the Black Se a, ke., had been considerable;
which, with the discouraging advice. from this side of the
channel, had rendered buyer. 11,1. disposed to invest. A
tolerable amount of basin. ss ha.l, nevertheless, been dome,
without any marred reduction in prices of either article.
The supplies of oats had scarcely 'Kept pare with the demand,
and a further advance had been establlshial on fine cont.
The arrivals of wheat eorudwise into the port of London
hays rather increased, 3,879 qrs. having been reported up
to this (Saturday) evening. The whole of the supply.haa
gone direct to the millers; and the show by land-syringe
samples from the home-counties having been small, the
quantity exhibited for sale has been altogether unimportant.
Buyers have, however, conducted their operations with
such extreme caution as to render it very difficult to effect
sales without submitting to lower terms.
TIIE FOREIGN CORN TRADE.

The reaction which has taken place in prices of
wheat in our markets within the last two or three wicks,
appears to have had more or less effect on quotations
abroad, and the letters from the Baltic are of a less firm '
toile than previous accounts. The weather seems to have
been very fine all es er the Continent, and the reports re-
specting the aspect of the growing crops are of a favourable
character, as well from the north as from thu south of
Europe. Owing to G.siil Friday and the Easter holidays,
the regular course of business had been interrupted, and
at must of the principal Baltic ports prices had tended
downwards.
Dantak letters of the 19th state that further supplies hail
arrived from Poland, and the export demand having
slackened, the extreme rates of the preceding week had
scarcely been supported. A parcel of Upper l'olish high-
mixed wheat, weighing 62 lbs. per bushel—the first arri-
val from thence—had realised Ito. Good Lower Polish
high-mixed wheat, weighing 611b5., hail been sold at 395. ;
fine mixed at 375. 611. to 38.., and mixed. (also weighing
6111 s. per bushel) at 375. per qr. free on board. Altogether
upwards of 7,000 qrs. hail changed hands during the week.
Freight to England was low, charters having been Nosed
at 2s. 101 d. to 3.. for London, nt 2.5. 4d. for Newcastle, at
2s. 6d. to 2s. 9.1. for the east coast, and 3s. fur Liverpool.
From Stettin we learn that h9lders of wheat had begun
to display more anxiety to realise, which had given buyers
a small advantage. The transactions appear to have been
altogether on a retail scale, and hardly of sufficient im-
portance to warrant much alteration in quotations. Bar-
ley had conic sparingly to hand, and having been in active
request for local use, the finest kinds had brought equal to
19s. to 19s. 6d., and fair qualities Idle. 6.1. per qr. free on
board. The few oats brought forward at that pert had
found takers at equal to 16s. 91. per qr., and peas had been
held et 245. 6.1. to 275. per qr., according to quality.
The most recent advice, from Rostock state that prices of
wheat had begun to tend downwards, but that holders had
refused to make such concession as to bring quotations
within the limits of the English orders.
At Hamburg, on Tuesday, very litt:c business was done
in wheat, and its value remained nominally as the previous
post-day. Oats and barley hosing been much inquired for,
had risen in value.
In the Dutch markets prices of wheat have of late un-
dergone very little change, and there is so slight a chance of
profitable business being done with this country, that many
of our correspondents have ceased to send their advice'.
Quotations of oats have lately advanced in Holland, in con-
sequence of English orders. Letters from Emden, of the
21st inst., state that equal to 17s. 6d. had been paid for
&fibs. to 39:15. brew, and 18s. per quarter free on board for
401 b. quality. Flls. reight to the ElO ast Coast of Great Britain
was only 10s. to per lut of quarters.
From France the reports are of much the same character
as before. Stocks of flour appear to have accumulated at
some of the principal markets, notwithstanding the im-
mense shipments to England. 'rite weather was, and had
for some time been, fine; and the cropawere well spoken of,
which, with the dull advises from hence, had prevented any
mile in prices.
Letters from Italy, &c., give a very favourable account
of the crops in that quarter, and an early and pied h t
was anticipated.
From the Black Sea we have no intelligence of very re-
cent date*.