The Express.
London, England, 1867-09-17 00:00:00

BRITISH CORN TRADE.

(From the Mari Lase Rzpress.)
With much wet this week the clearing of the
harvest has been delayed, in the northern districts more
especially. But the meadows never had a more fresh or
luxuriant appearance, and the root crops have continued
to grow vigorously. We cordially endorse the sentiments
of a daily contemporary in its Monday's leader, as to the
immense benefits derived to the country by • sunny)
August ; but the cereal crops we consider as ovemted,
especially wheat and barley. Our advicee, however, re-
specting oats are unexceptionally good ; and this is the
only grain we view as above an &same. Coupling this
with • fine yield of hay, pretty well got up, it is no
alight advantage to find horse food in abundance,
as our dependence of late for the supply of oats
has been exclusively foreign. The grain being fine
as well as abundant, if needs be oatmeal in plenty
can be manufactured for human consumption. Ame-
rica this year is said to have had an immense crop.
Potatoes we hold to be very doubtful in many dis-
tricts, from the late heavy rains. When the harvest is
completed in Scotland and Northern Germany we shall be
able better to estimate our future supplies of wheat, and
the fact of so early an advance upon the harvest gives the
subject unusual importance. We would not wander out
of our province, but cannot help expressing • conviction
that a vast loss occurs to the farmer and the country by
over-thick seeding of the ground. In surveying a field of
red wheat, we saw • plant in the headland standing by
itself. On examination we found it to contain 18 ears and
607 grains, in the midst of grass and weeds ; but the main
crop looked very spindly and comparatively thin. If,
therefore, only one-fourth of the seed now used would
suffice, how much would be saved this autumn ! Prices
this week have risen 2s. to 3s. per quarter generally,
and some of the French markets noting a greater ad-
vance, we yet have an inquiry to stimulate prices.
All the European advises nearly show the same up-
ward tendency. The wants of so many countries on
bare stocks showing that throughout the season there
will he no chance of low rates. Canada is in calm,
but New York continues to decline, and this fact more
than anything is confirmatory of the first reports of great
abundance. It must, however, be useless to expect large
shipments from the North before next May, and the de-
pressed condition of the Southern States gives no pro-
'meet of their sending supplies before then.
The arrivals off the coast since Sept. 6 were 102 cargoes,
of which 72 cargoes were wheat, 1:; maize, 3 barley, 6
beans, and 8 rye. Business was transacted as follows :-
Wheat, Si cargoes in all-viz., (Mirka, 535. 6d. to
625. aid. ; Marianopoli, 60s. :id. to 63a. 3d. ; Berdianski„
61s. to G2s. 6d. ; Sandoniirka, Me. ' • Polish, 61s. to
' 625. Gd. ; Varna, 595. • Egyptian 565. ; Ancona, 61e. 911. ;
Saide, ; &bare, 46e. ; Banat. 46e. to 56e. Maize, 12
cargoes, at 36e. 61. to 375. 71d. Rye, 4 cargoes, at 335. to
42.. Barley, 7 cargoes, at 30s to 34s and 37,000 qrs. for
shipment, at 29a. 6d. to 31,. Beetle, 1 cargo, at 33a.
Oats, 1 cargo Archangel, at Mts. 10)d. Peas, 1 cargo,
Canadian, at 31s.
The sales of English wheat noted last week were 46,507
qrs. at 625. 5d.. against 60,075 qrs. in 1866.
The London avenges were 625. Ild. on 4,775 qrs.
The imports into the kingdom for the week ending Sep-
tember 7 were-Wheat, 757,270 carts. ; flour, 46,803 cwts.
Monday commenced in Mark-lane on a moderate supply
of English wheat, with plenty of foreign, half from Russia,
and about 7,000 qrs. from Australia. The show of samples
from Kent and Essex was not equal to expectation, and
with the country markets generally dearer, and a strong
impression that the present crop is below an average, there
was a ready sale at 2a. to 3a. per qr. advance. A fair
trade was also done in foreign at an improvement of
Is. to 2,. per qr., the highest advance being on fine Russian.
Floating cargoes were also dearer. On Wednesday there
were 1,110 qrs. per coast, 18,780 qrs. foreign. Prices then
were very steady for all good English qualities, there
still being some inquiry for France. Foreign also
folly maintained its former value from the same cause,
as well as from the general state of the country markets
and the catching weather for the northern harvest. Fri-
day's returns were 1,560 qrs. coastwise and 32,:380 qrs.
foreign. Some fine red English was then reported as sold
at • very high prim, and the market generally had • very
firm aspect. An regards foreign,i there wee still a good
inquiry for Russian, some sales being made at more money.
The supply of country flour on Monday was fair, that
from abroad was better than of late. Norfolk, and all
other country sorts readily obtained Is, per sack advance,
and many holders would not sell at that. The same
improvement took place also in French, Spanish, and
Russian sacks and American barrels ; but town millers
did not raise the top price. On Wednesday there were 370
sacks coastwise and 5,670 sacks and 2,850 barrels foreign.
The state of the wheat trade kept up prices; but we did
not hear of more money being paid for country or other
qualities, though holders of some sorts would not sell at
former rate,. Friday's returns were 420 sacks per
coast and 5,670 sacks 5,470 barrels foreign. The tone of
the trade then continued very firm for all descriptions of
flour, country made and foreign; but buyers were not eager
to get much into stock.
Of maize, Monday's supply was heavy, and the trade was
quiet at about the previous currency. The supplies up to
Friday were 8,400 qrs., prices then being firm, and cheaper
than barley.
The arrivals of British barley on Monday were small ;
the foreign supply was also moderate. The best new malt-
ing, being scarce, was fully as dear. Foreign of all quali-
ties coos steady. On Wednesday there were 10 qrs. per
coast, 500 qrs. foreign. With so few samples on the I
market, prices of malting aorta were well maintained, and
foreign of all descriptions was fully as dear. Friday's re-
turns were 40 qrs. coastwise, and 500 rim. foreign. There
being such a trifling increase on a previously scanty supply,
all sorts were folly se dear.
_ _

The malt trade on Monday was firmer than of late ; but
buyers were disinclined to pay any advanoe. Prices were
hardening at the week's close.
Therewes again a liberal supply of foreign oats, but the
home contributions continued scanty. A large shipment
for France having relieved the market last week, Russian
qualities were sold at an improvement of Cal. per qr. On
Wednesday there were 13,700 tire. foreign. With the
French again in the market for Russian qualities, the
value of there wee farther slightly increased. Friday's
seturns were 160 qrs. Irish, and 211,410 qrs. foreign. The
market was the turn dearer for Russian sorts, the de-
mand ibeing divided between home consumption and ex-
port.
There was a small arrival of English beans on Monday,
the foreign supply being good. The trade was in calm,
with prices unchanged. Friday's market was very quiet.
Monday's quantity of English peas was scanty, and
there were no foreign ; white sorts being wanted for 'split-
ting, the price improved Is., and the tendency remained
upward through the week.
The supply of linseed was small, and prices were as on
the previous Monday; so they were for cakes. No change
subsequently occurred.
In cloverseed nothing was passing, and seeds generally
were dull. Further arrivals of new mustard-seed being
to hand, of fair quality, some factors were asking rather
more, but values could not be reckoned at over 105. per
busheL

--
The country wheat trade was further improved, and the
average advance corresponded with that of London, sae 2n.
to 3s. per qr. Some places exceeded (hr., as Hull, Ipswich,
and Newbury ; and several were only slightly, or but Is.
per qr. dearer.
Spring corn has fully maintained and rather exceeded
the prices of last week, beans excepted.
At Glasgow the advance in wheat was Is. to la. 3d. per
boll, white peas were 3d., and maize le, per qr. dearer.
Edinburgh was firm for wheat, 46. per qr. having been
made of new Whs. barley.
With small supplies at Dublin, native wheat was Is. per
barrel higher. and foreign Is. to I'. tkl. per barrel. Oats
and barley tending upwards, but maize wee without change.