The Express.
London, England, 1860-01-27 00:00:00

Till CORN TBADZ.

BIRMINGHAM, JAN. 26.—With me *sceptics, arising
from the wild speculation at the beginning of the Italian war,
the price of wheat ham varied remarkably little during the
put twelve months ; and, though it fa now 2e. 6d. a quarter
above the rate current at the time we lamed our last annual
circular, the avenue of 1859 is below that of the
preceding year. We still think that the last crop of
' wheat has proved rather under an average in the
United Kingdom, though this Poem to be the first
instead we are aware of in wkdoh sad • result hex
followed a fine dry summer and autumn. The total quantity
of corn, meal, and fiNir imported last year was about one
million quarters lam than in 1658, but the surplus tram that
year does not seem likely to be exhausted bakes nest
harvest, ea we had then not only the largest mop of our own
growth on record but we also imported more foreign than
we bad ever done before, exoept tn 1863. The high price of
potatoes, arising from deficiency in the crop and destruction
from frost, may however materWly Wows the con-
' stunplion of knead. We have repeatedly =premed an
=that we ahould receive bet little grad from
died States, without a comitkesble advance in our
prices ; but we are now informed that clocks are midi, in•
creasing In the American ports. That dime et New York
is said already to amount to about a million and a ball
barrels, and although • loss may be almost detain, it is quite
possible that the necessity for realising tadr capital may
compel the holders to ship I ergely daring the coming apring
andawanier ; Indeed, the weekly arrivals at Liverpool are
already considerable, and appear likely to ineresie. The
stock of grain on the Danube will be large by the time the
navigation reopens, but the advance In the pies during the last
twelve months has. generally speaking, been greater in the con-
tinental markets than in our own, se that It is by nom ans
=likely that a portion of the spring shipments from the
Black and Azoff Mlle may be directed to other perm of
Europe. particularly Portugal and Italy, and perhaps Spain.
In the northern departments of France, the rise in prima has
already been sufficient to make the export duty
prohibitory under the French sliding seals. Still we
nes not sanguine that we shall have any considerable
incases in prime at present, unless caused by some unfore-
seen event; though we think the great consumption *ode-
ctram a kid general trade, and the deem' of large
impornetiona. will prevent wheat from declining in
value. Ths deck of wheat at Gloucester is now Meat the
acme as twelve months ago. The crop of barley is misdeed
to have been about an average one in quantity, but a great
ion wee thin and weathered, aad the very fined
production
are now so scarce as to be worth more than wheat.
Of foreign the importation has been larger than any previous
ott year ; the lower qualities ha beam relatively unusu-
ally p, it has been Irn extend used for feeding that
we do estimate the prepest at above half what It
was at beginning of last year. The Irish oat crop in
admitted to have been very deadest, particularly in the
north-western empties, but that in England is con-
sidered to have been • good one, sad the growers
now liberally supply our markets, and will probably
continue to do so daring the next three months; yet as the
breadth grown in this country is not great, we think
It probable that rims will continue comparatively
high during the coming spring and summer. Though so
muoh complained of before harvest, the bean mop has turned
out a large one, and being harvested in unusually good con-
dition, was fit for immediate use. The pries has consequently
considerably declined, though, front the deficiency of the
crops in Egypt and the south of Europe. the imports in the
past year have been lees than usual, and have now shout
deed. The breadth of peas mown was unusually large:
the produce being abundant, the value of this kind of grain
is now lower then for come years past, and large arrivala are
expected from Canals in the coming Demon. The supply of
maize lest year was much less than in the preoedtm, but the
demand for Ireland bong but small, prices are ten&ner some-
what downwards. Last summer's crop of dart in the east
appears not to have been nom than sufficient for home con-
sumption, and our present stock is elmost exhausted. The
recent arrivals of millet have also been very small.—(From
Messrs. J. and C. Stereo Circular.)