The Express.
London, England, 1859-11-04 00:00:00

THE CORN MARKET.

(From Mews. J. sad C. Brarge's Monthly Circular.)
BIRMINGHAM, Nov. 3.
_. .

During the past month the value of new wheat
incensed about le. per quarter, whilst that of foreign and
old English remained unchanged, farmers continuing to
bring nearly twice as much old aa new to market. We still
hear unfavourable reports of the yield of the last harvest,
which are now confirmed by the inferior quality and light
grain of a great proportion of the samples shown • but all the
new wheat is said to make good strong flour, and this cir-
cumstance the alight advance In price ta, we think, chiefly
attributable. Wheat sowing has been to • (tweets:it com-
pleted on the stiff soils under very favourWe circumstances •
but what is not already finished will be much delayed by this
week's rain. French prices are now too high to allow of any
considerable shipment' toEugland,andtheconenment diminne
tion in the imports of French flour has been a greet relief to
manyof the Englishand Welsh millers, particularly those who
have been hithertomuchcrippled by shortness of water power;
u front the cessation in the aupply of American barrel flour'
, they have now no other foreign competition to contend with.
, At the date of our last advice. prices continued to rise in the
' French market., from which it would ears pomade that that
mosey may require imports for home consumption before =-
other harvest; should this prove to be the case, it will of course
have an important effect on our prices, as during the last two
yeses we have received more wheat from France than from
any other county. The unfavourable reports of the harvest
in Southern Italy are ooefirmed by the expedients to which
the Neapolitan government: have resorted with a view to
keep down prime, such as makinglarge purchase of grain is
the Black Sea ports, and reselling these on their own markets
at a heavy loss. In the Baltic porte prime have risen fully
2.. per quarter, and freight and insurance about as much
more, which must materially increase the loss already in-
curred on the shipments making to this country. About a
mouth titre, the New York market receded sufficiently to
induce a few shipments of Chicago spring wheat to Liver-
pool and Glasgow, but a breakage in the Erie canal for a
time checked the arrivals from the West ; and as the approach
of welter will soon stop the balk of the supplies which are
forwarded to the ports by canal and river, but little is likely
to be ehtpped before spring ; and even then we do nut anti-
cipate any considerable quantity, without a material advance
on our present quotations. In Canada the result of the
harvest is good, both in quality and quantity, and we may
expect to receive ormoderabie supplies from the St. Law-
rence next spring, unless it should happen that the
Southern States offer a better market for Canadian
produce, which seems by no means improhible, as
the when: crop fa that portion of Amv is stated
to be very deficient, and that of maize little better. In the
Black See ports fine wheat mils at prices nearly equal to
those now current in our own markets, chiefly for shipment
to Italy, and so long as this demand continues there is of
course little prospect cf our receiving oonsidereble supplies
from that pert of Europe. The number of grain-ladin
vessels en peerage from ports within the Straits of Gibraltar
is now reduced to about 400. Our present pries' are new
English red, be. 6d. to be. 9d.; white, be. Sd. to 6a. 41. • old
reu, bs. 44. to ss. Sel. • Dantsig, sa. to 61. 41., all per
elite., at Birmingham. /foreign grinding barley has ad-
emcee fully le. per qr., but this improvement does not
extend to English produce. The sale of Wes' and
Danubian barley during the past month has be.o wry
large, and our market is quite {leered of French.
Sweet °deers barley is worth 26e. to 264. 6d.;
heated, 245, to 255. with a greatly reduced so* stuf
French would bring 265. to 295. per 392 lbe. here, if it wens
to be had. Oats have not meet in valise fur some weeks
past, but they are now held with more Bemuses. The new
Irish which hays arrived at Wein-ester are superior in
quality to the growth of last year, although the quantity
produced is reported to be moth less. Black are dieting at
21s. ; grey, 21.. 6d. to 23.. ; white, 22., to 25e. ; Dutch,
26.. ti 27.., all per 312115., at Gloucester. Beans have
declined about le, per mister, and only find buyers in
limited quantities. English old, 17s. 6d. to 19s. 91. ; new,
15e. to lee. 6d. ; Frisch new, lb., 3d. to its. 91. per 1961bn,
at Birmingham. Pea are difficult to sell, except in limited
parcels, even at • further reduction of 2s. per quarter ; but
when there has been sufficient rain to supply the country
mills with water we look for an incrse.ed demand. Blue and
grey are offering at 13.. Gd.; white at 14s. 61. per 1961b5., at
Gloucester. Indian corn is rather dearer, and brings 124.6 d,
to 13s. 6.1. per 1961 be. at Birmiegli ter. Dart, millet, and
buck wheat ail unaltered, and oily saleable in limited
quantities.

SHIPPING INTELLIGENCE.