The Express.
London, England, 1867-10-29 00:00:00

THE BRITISH CORN TRADE.

(From the Mark-Lane iteprem)

The weather daring the past week was rather
wet, but quite warm for several days, so as almost to dis-
parage horse-labour and increase the slugs while the
grass has renewed its strength, with • prospect of I bite
up to Christmas. Wheat-sowing has been proceeding, and
a quick growth may be expected to follow the early-planted
pieces. Farmers continuing to thrash more freely, and
importations being fair, with the prospect of an open
winter in the Baltic, the reaction downwards on wheat has
gone further to about 3.. per qr. down. With a mild
lesson, there may still be some temporary decline ; but a
return to cold would be calculated to stop the movement,a
as and bring about another advance, the week closed
rather dearer for foreign. The want of old English wheat
continua to be felt, end this must lead to a large and
rapid consumption of the late Imports, and we believe
every sack that an be spared from the continent will be
wanted. America can do little this year ; the Baltic
has been doing its best for some time, without sending
enough ; and it is only to Russia that we can look for any
amount, whose ports in the mildest season are fast cloud
in 'Fitter. Some of our contemporaries have anticipated
as early deluge of grain on our shores ; others scarcely
believe it is wanted; but with all the fluctuations that
may obtain between now and harvest, we think great
efforts will have to be made towards the close of the
season, to meet the present enormous consumption, and
that clod prices mat be paid. Rye on the Continent
has been much higher than wheat wee here last year,
and the effects of the scarcity of this grain on the popu-
lation of Germany is yet to be seen. With all the
changes, no fine wheat has been procurable from Ma-
xie under 835,, coat and freight included, and freights
have so risen at New York in consequence of orders
from England, that only about 40,000 qrs. wheat have
been shipped, and prime finally favoured buyers. Such
• supply from such • port can be considered only as tit.
fling , and, as Paris at the week's close was recovering
from the ate decline, we may expert that London will
soon revive, and rata be very likely to rule as high as
before. The arrivals off the coast sines October 18th were
117 cargoes, of which 95 cargoes were wheat 5 main, 5
barley, 6 rye, 6 beans. Bnees was reported as follows:
-wheat, 78 cargoes in all, vie., Glair& 60e. to 69e. 6d.
Marianopoli 71a. Berdianski 70s. to 72a., Pariovski
61s. 6d. to 62e. 6d., Caucasian 645., Polish 665. to 70s. 6d.
Sandomirka 72a. to 745., Egyptian 52a. 6d. to 58e, Kali
fat and Seitchik 62.,, Burgos 64m, Banat 64e., Californian
70m, Danubian 61.. 3d. to 62.. maize, 1 ditto, at 46..
barley, 19 ditto, at 31s. 61. to 365. ; rye, 2 ditto,
at 475. to 49a. ; beans, 3 ditto, at 40s. to 41s. 3d.
The sales of English wheat noted last week were
79,292 qrs. at 67e. ed., against 73,880 qrs. in 1866. The
London averages were Bd. on 3,419 qrs. The imports
into the kingdom for the week ending Oct. 19th were
542,356 cwt• wheat, and 48,489 cram flour. Monday in
Mark-lane commenced on moderate arrivals of wheat, both
English and foreign. The show of samples on the Essex
stands was the best this season, and pretty fair from Sent;
the condition generally good, but quality various. A oom-
plate reaction took place in the market, millers declining
to operate unless at • large reduction. Factors would
have accepted a decline of 3s. to 4.. to make a clearance ;
but the samples hung on hand. Foreign was not so much
reduced, a few sales at 2s. per qr. less money being made ;
but floating cargoes were Is. to 4s. per qr. lower. On Wed-
nesday there weres6oqrs. per coat, 17,020 qrs. foreign. This
day's market was very quiet, and there were scarcely any
samples of English wheatcleared, though offered at Monday's
prima. The foreign trade was calm ; but holden were
not anxious to prase sales at any dectine. Friday's returns
were 1,530 qrs. coastwise, 24,450 qrs. foreign. The re-
mains of Monday's and Wednesday's samples of English
quality were more readily disposed of, at fully the pre-
vious currency. The foreign trade was in better tone, and
le per qr. advance realised on fine qualities of Russian
and Baltic. There was a good supply of country flour on
Monday, with fair foreign arrivals, chiefly barrels from
New York. The state of the wheat market made it im-
possible to sell country sorts unless at is. to 2s. per sack
reduction, and there was very little done at that Foreign
was as much cheaper, though holden did not press, with bat
small stocks. Town qualities were unaltered in value.
On Wednesday there were 770 sake per coast, 1,850 sacks
6,690 brim foreign. This day was very dull, and scarcely an
• was passing in Norfolk. or otheroonntrysorts. French
also was • heavy sale, and barrels excessively difficult to
dispose of. Friday'. returns were 1,080 sacks costwar,
2,140 sacks 9,240 barrels foreign. No higher prices could
then be realised,either for the country or foreign qualities,
but the depression of the previous markets had then passed
away. There was but awoderate arrival of maize on Mon-
day, and prices remained much as previously. With ar-
rivals reaching on Friday to s,zo qrs., business was dull
on that day. The supply of Bristish barley on Monday
continued small : but foreign arrivals were improved. Malt-
ing sorts with difficulty supported former rates, and it was
the same with foreign, both medium and low aorta.
On Wednesday there were 1,170 qrs. per coast 1,040
quarters foreign. With limited supplies, the trade was
stead both as respects the better qualities of English
end all descriptions of foreign. Friday's arrivals coastwise
were 1,360 qrs., with 1,040 qrs. foreign and 20 qr. from
Ireland. Without further supplies, business was very
steady, and prices firm for all qualities. The melt trade
was quiet on Monday, with prices unchanged. The
trade at the close of the week was without change as to
prices and demand. There was • good, but not large,
supply of foreign oats on Monday, with fair arrivals of
English and Irish growth. The late rise was not sus-
tained, and prices of old gave way fully Is. per qr., while
inferior new were still cheaper, and 'very difficult to quit.
On Wednesday there were 150 qrs. per oast, 1,100 qrs.
Irish, and 22,410 qrs. foreign. Rather more was then
doing than on Monday, though prices were not called
higher, either for English or foreign aorta. Friday's re-
turns were 150 qra. coastwise, 2,500 qis. Irish, and 31,810
qrs. foreign. There war then a better demand, and the
values of all descriptions of oats were tending upwards.
The arrivals of beans on Monday were good, both
in English and foreign qualities. Nevertheless, there
was a quiet trade, at previous rates. The market closed
firm on Friday. The supply of peas was again very
limited. Boilers were again pointing rather upwards, and
those for bog feed were quite as dear. Boilers on Friday
were again held at more money. With but moderate
arrivals of linseed, sales progressed but slowly at former
rates. Seeds generally were firm, but not active, tares
excepted, which continued dull. The wheat trade in the
country wee very much influenced in some places by the
Mark-lane decline of Monday. At Boston the decline was
4e. to 6.., at Loath it was 4s. to ss. per qr. St. Ives,
Newcastle, Wolverhampton, and some other towns te. re-
duction was reported ; but more commonly it was 2a.
to 3s. per qr., and some reports noted only Is. to 2.5.
per qr. decline. Liverpool was quite • nominal market.
Oats and barley were also down is., but beaus and peas
were fully as dear. Edinburgh was down 2s. to 3s. per qr.
for new wheat, and Is. to 2.. per qr. for old, barley and
oats being Is. per qr. lower. Glasgow was Is. to 2s. per
boll cheaper for wheat, for ate 6d. to Is., and 11111/11111 Is.
per 2801 a. Dublin, with good native supplies of wheat,
was cleared at la. to 2s. per barrel decline ; foreign was
le. 6d. per barrel down : oats 6d. to 9d., and barley Is. to
2m, but maize was only dull.