The Express.
London, England, 1867-10-22 00:00:00

THE BRITISH AND FOREIGN CORN TRADE.

(From the Mark La.( Arpres:.)

The late severely cold weather, followed by a seasonable
rain and a temperature bordering upon summer, has been
very serviceable to agricultural interests. The cold prevented
sprouting in the I.,te districts, the rain has opened the
hard soil, and the warmth has renewed the growth of the
meadows and esculents. Preparation for planting has
been going on rapidly, rising markets making at more the
interest of the farmer to sow tu.m to thrash ; but there
has been temptation enough of late to bring out larger
stores, and our deliveries during last week exceed those
of the previous year for the same time by 20,000. Ex-
citement at length has brought on its sure reaction,
and it would appear that very much wore foreign corn
has been sold for delivery than can be realised—eome
speculators having gone neck-deep into the future, to
their own undoing. Business men ',Ave therefore paused
that things may find their level, and our anticipa-
tions of a calm have been realised. Yet so strong is
the impression that the reports of a general deficiency
are founded on facts, that the average advice, note a
further advance of 2a per qr. on the week, though there is
considerable variety in the reports—say, from no rise
whatever to :a. per qr. The same feeling has been evinced
in Europe as well as in England ; and, while we were re-
porting an advance in flour of 4a. per sack in London,
Paris found a difficulty in sales at a decline, though the
last advice. were again tending upwards. The country
markets of France were generally dearer ; but Mareeilles,
with heavy arrivals, was only firm. Belgium and Holland
show some diversities, the tendency being downwards ;
and many German markets, though dearer for grain on
the spot, were cheaper for delivery. Happily, however,
wo are more anxious for the future than the present, as
there can be little doubt that, take the whole world into
calculation, we have enough for ten months. New York
has at last been moved upwards by submarine orders, and
yet the limits have not been sufficiently bigh to secure the
execution of British orders. The chief advance is on rye,
through large orders from Germany.

CORN IMPOUND INTO LONDON FOR THE THIRD QUARTER
or 1847.

English. Scotch. Irish. Foreign.
Wheat, qrs. 58,766 457,012
Barley „ 4,889... 30 ... 49,572
Oats „ 16,584... 705 ... 2,503...810,169
Rye 236...
Beans 5,037 ... ... 19,595
Peas „ 2,420 . . 45,067
Malt 183,131
skis 199,001 43,127
Maize
THIRD QUARTER'S IMPORTS OF 1866.
Eagitah. Scotch. Irish. FOreigm.
Wheat qn,
Barley „ 7,354 ... 279 ... 40 ... 69.333
Oata „ 12,355 ... 428 ... 2,315 ... 951,162
Rye „ 2,154 5,825
Beans „ 2,271 19,077
Peas „ 4,738 26,466
Malt . 187,347 . . 500 ... 12

208,339 . . . . 20 ... 21,994
Flour 1 bee. ... 13,346
Maize
TOTAL IMPORTS POE THE ABOVE PBRIOD.
1067. 1066. 1 scream. Decresse.
Wheat, qrs.
Barley „ 1
Oata „ 829,961 ... 966,260 136,299
Rye „ 243 ... 7,979 ... 7,736
Beans „ 94,632... 91,348... 3,084 ...
Peas
Malt , 1E0,131 ...187,850... ... 4,728
FL"'
J eke 242,128 ... 230,353 ... 11,775 ...
brie 21,698 . 13,346 ... 12,332 ...
Maize
TOTAL EXPORTS.

1887. leer, Increase. Decrease.
Wheat, qrs. ... 12,421 ... 4,659 ... 7.762 ...
Barley „ 270 ... 270...
Oats „ 61,087 ... 19,494 ... 41,593 ...
Rye

~Peas „ 5344 . . - ... 5,146... -
Flour, cwt..... 2,550 ... 586 ... 1,964 ... -
The arrivals off the coast since Oct. 11 were 77 cargoes,
of which 60 cargoes were wheat, 5 maize, 4 rye, 2 barley,
' 5 beans, and 1 oats. Business was reported as follows :-
Wheat 83 cargoes in all, viz., (Shirks, 625. Gd. to 72a. Gd. ;
Berdianski, 70s. to 745. ; Polish, 68s. to 733.; Californian,
675. Gd. to 72a.; Samara, 6.1. ; Marianopoli, 695. to 70s. ;
Danubian, 625. Gd. to 675. GIL ; Ecrptian, 555. to 625. ;
Ancona, 72... ' • Baltchick, 635. • Waillichian, 625. 6d. ;
Silistrian, ffile.• Varna, 63a. to d4s.; Banat, 645. Maize,
3 cargoes, at 4465. to 50e. Barley, 13 cargoes, at 31s. Gd.
to 355. 3d. Rye' 1 cargo, at 51*. Gd. Oats, 2 cargoes
Russian, 275. 3.1. Beans, 8 cargoes, 395. Gd. to 435. Peas,
1 cargo white Canadian, 48s. The sales of English wheat
noted last week were 98,264 qrs., at 64.. 10.1., against
78,065 qra. in 1866. The London averages were 69a. on
4,069 qrs. The imports into the kingdom for the week end-
ing Oct. 12, were 515,179 cwts. wheat, and 38,126 ewts.
flour. Monday. in Mark.lane, commenced on fair home
supplies of wheat, with liberal arrivals from abroad.
There was a moderate show of samples on the Kentish and
Essex stands during the morning, with more quality than
last week. The best sold slowly at 3.. per qr. advance
over the previous Monday's rates. Foreign was less in
demand, many millers having lately bought freely ; but
the improvement did not exceed Is. to :is. per qr. Cargoes
afloat had been placed readily at frilly 2.. per qr. advance.
On Wednesday there were 730 qrs. per coast, 9,570 qrs.
foreign. With but few additional samples of home-
growth to-day, the trade continued quiet at the previous
currency. Foreign samples were but in small request,
though holders were asking the previous rates. Friday's
returns were 1,270 qrs. ooastwise, 13,870 qrs. foreign. The
calm was then increased ; and, though but few English
samples were exhibited, had sales been forced lower rates
must have been accepted. It was the same with all descrip-
tions of foreign, and floating cargoes were 2s. per qr. dearer.
There were good arrivals of country flour on Monday, also
plenty of foreign sacks, and • fair quantity in barrels.
Norfolk. and all country qualities were put up 2s. per
seek. The same advance was required for French and
Russian, while barrels were Is. higher. Town millers
raised the top price to 645. per sack. On Wednesday there
were 550 sacks per coast, 1,640 sack. 3,069 barrels foreign.
This was a dull day for every description of flour, Paris
advice. noting some decline ; and it was next to impossible
to sell unless at some concession in prices. Friday's quan-
tities were 1,340 sacks coastwise, 1,670 sacks 6,060 barrels
foreign. The dulness of the previous day was increased ;
and to have made any way in country or foreign qualities
it would have been necessary to bare taken Is. per sack
less money. With fair supply of maize on Monday,
this grain was held at rather more money ; with 2,990
qrs. as the week', supply on Friday, there was but a
moderate demand for this grain at previous rates.
The British as well as foreign arrivals of barley
on Monday continued short. Malting qualities, both
English and foreign, were about Is. per qr. dearer, and the
lower qualities and grinding were up fully 6,1. per qr.
On Wedneaday there were 390 qrs. per coast, 2.180 qrs.
foreign. Fine picked malting samples then fully main-
tained their previous value ; inferior English and foriegn
were less in demand at the previous curreocy. Friday's
returns were 710 qrs. coastwise, 3,880 qrn. foreign. The
market was then without any change both as regards
malting, secondary and inferior, foreign, and English. The
malt trade on Monday was quiet, but with prices firm.
The week closed without any quotable difference in values.
There was a plentiful supply of foreign oats on Monday,
with good English and Irish arrivals, and a few from Scot-
land. Though the market had lost the briskness of
the previous Friday prices for all aorta were fel.
to Is. higher than on that day se'nnight. On Wed-
nesday there were no supplies per coast, 2,040 .irs.
Irish, 8,620 qrs. foreign. There was more of a pause to
business in this days transactions, only new buyers giving
the previous rates, and to sell freely some concession was
necessary on all sorts. Friday's quantities were 2,690 qrs.
Irish, 20,930 qrs. foreign. Though supplies were only
moderate, there was some reaction on the late extra-
ordinary advance to the extent of Gd. to 9d. per qr. With
moderate arrivals of native beans on Monday, the foreign
supplies were liberal. Prices of English were advanced Is.
to 21., and foreign about Is. per qr., but no further rise
was noted on Friday. The supplies of peas on Monday,
both English and foreign, were very light. All the quali-
ties therefore were raised 2s. per qr., boiling being in brisk
demand and extremely scarce. The week closed rather quiet
as to business. The linseed supply was moderate, and
prices rose 2.., with a demand for cake at 10s. per ton
advance. There was no subsequent change. The seed trade
was generally in calm, excepting for canary, which from
scarcity was higher. Cloverseed was dull ; tares rather
cheaper ; muetarleeed about as previously. The wheat
trade in the country varied very considerably this week
according to supplies and local wants. Several markets
sobered down to the views of the previous week. Among
these were Birmingham, Boston, Wakefield, and a few
others. Some were only moderately dearer, as Ilury St.
Edmunds, Bristol, Uppineham, Newark, and Stockton,
where the rise was Is. to 2s. Several were up 2s. to :is.,
and some 3s. to 45., St. Ives, with the former excitement
upon it, quoting a rise of 4s. to se. per qr. Spring corn of
all kinds was dearer Is. to 2.. per qr. Edinburgh was 2..
dearer for old Scotch wheat, but not for new. Barley and
oats were also up is. per qr. No change in wheat was
noted at Glasgow ; but barley, beans, and peas were Is.
per boll higher, and maize 2a. Dublin was firm for wheat,
but not dearer ; the only rise being in barley, of Gd. per
barrel. White wheat at Cork was quoted 17s. 3d., red
155., and oats 9a. to lee. per cwt.
The Paris flour market has been subject to some reac-
tion during the past week, the closing prices of the six
marks being 87f. 25.1. per 157 kilos. (56e. 2d. per 2801 b..)
for all October ; they were 87f. (565.) for November and
December; 87f. also four months from November; and
66f. 75e. (5.5 e. 10d.) for the first four months next year.
Type Paris have also rather given way ; for October they
were 541. 50c. per 100 kilos. (55a. lid. per Wilbs.), fee No-
vember and December and four months from November
the same. The decline on other flour made that for con-
sumption more difficult to place, though millers main-
tained prices; extra marks were 901. per 157 kilos
(575. 10d. per 011ys.) ; first qualities!. R9f. (57.. 2d.) ;
good, 87f. (Wm.) ; ordinary, to 861. (555. 4d.). Rye-
dour, 371. to 341. per 100 kilos. (388. to 803. per