The Express.
London, England, 1850-12-03 00:00:00

REVIEW OF THE BRITISH CORN TRADE

DURING THE PAST WEEK.

(From the Mark Lane Empress.)
The weather has, since Thursday, been cold and
seasonable, and, should there be no return of wet, we may
aspect an improvement to take place in the condition of all
kinds of grain.
The greater pert of the corn lately brought forward by the
farmers having been threshed during damp weather, has
come to hand in very inuifferent order ; and to this circum
stance the reaction which has taken place is the price of
Wheat sines our let may be partly attributed. The
supplies from the growers have certainly not been large,
and the arrivals from abroad have been on a more
moderate scale than in say preceding week for a ett-
siderable time past, netwithatanding which, sellers have
bees mmpelled to make some concession, and the slight
advance established last week has again been partially
lust. The fact is, that the future is still regarded WWI
eonsiderable mistrust, and purchasers have been eo long
accustomed to liberal arrivals from abroad, that they
feel very little apprehension as to any want of supplies.
To buy from hand to mouth has proved more beneficial than
' to hold stocks, and until what was taken by the millers
about the middle of the mouth shall have Inlaid into con.
Gumption they ere likely to act eautiously. We age, hove ver,
suit of opinion that the value of wheat will undergo some
improvement duns g the winter months; the rise may,
perhaps, nut occur. immediately, es we are likely to have
arrivals dropping in from the northern ports, now that the
wind has b.come lair ; bat, afos r the vessels still on pasiage
shall have reached our stone, we calculate on a period
during which the receipts of foreign 'rein of all descriptions
will he comparatively trifling. Barley having of late
brought relatively higher price, than wheat, the growers
hove thrashal the lefts r rather more truly than the former;
and the demand having ,at the same time been checked
by the high prentsions of sell, ra, the upward movement
in prices has this week been 'nested, and at most of the
markets in the principal barley-producing districts the sale
has been slow. The effect of this state of things may be e
eight reaction, but we question whether fine making barley
will etude much below its present level. Oats appear to be
scarce in all parts of the country, and though this grain has
Men indaenced to a tertian extant by the prevailing dulness
previous prices have in general been well supported; indeed,
in same of the Lincolnshire markets the tendency has bean
upwards, notwithstanding the discouraging reports nem
many of the lust consanneg towns. It is now ascertained
beyond doubt that, with the exception of Ireland, where the
produce proved good both in quality and quantity, the result
of the oat crop was by no means satisfactory in Great Britain;
and as the yield has likewise turned out abort over a la,ge
portion of Continental Europe, priors must be espeeted
to range higher than they have heretofore done. Oar
advice* from Denmark, Holstein, and .oermany state that
this Resin had been in active request, for the cavalry
attached to the different armies, and that higher prices had
been paid for that purpose than the English orders per-
mitted to be given. It as consequently clear that we cannot
calculate on such regular and huge supplies from abroad IS
we hare till now been receiving, acd that we shall therefore
have to look to Ireland for assistance. Hitherto the receipts
from thence have been moderre, and we ass disposed to
think that prices will have to advance hare before the Irish
shippers will be tempted to consign large ly to the English
markets. The foregoing remarks respecting the wheat trade
will suffice to explain the turn affairs have taken ; it wall
therefore be unnecessary to refer specially to what his oc-
curred at the different markets.
By our letters Mom Scotland we learn that a shift of wind
M the eastward had brought several grain-laden vessels from
the northern and eastern porn of Europe to hand, and, with
peed foreign supplies, business was dull at E (inburgh and
Glasgow on Wednesday.
The Irish reports are g lly of a firm character, and
the shipments of oats were sot on • very liberal scale.
The late rise in the value of melt has rendered tee brewen
• tious in their operations, and the sales since Monday have
set been by any meats extensive.
The receipts of oats coastwise and from Ireland have bora
my small, but the total quantity which has come to hand
et
this pat during the week, ism:wive of 15,913 qn. from
abroad, has amountedto 20,378 qrs. On Wednesday hardly
eny bonnets was done, the dealers lens very unwilling
V•oer at previous .prices, and teeters =annealing no diepo-
to accept loss money. Sines the. the firmness of
seders has rather itemised, but we are unable to notice any
Improvement in the demand, buyers acting in the saute
Oillatlenis meaner on Enda) as before.
Buns have hung heavily on hand throughout the week,
bat have not been sold cheaper.
Tee quantity of peas on the market is greater than is ire-
mediateiy wanted ; and, though the weather has become
solder, which usually tends to give an impetus to the de.
mend for this article, the inquiry has not improved, and
goal white boilers were obtainable on Friday on quite as
ease terms ae earlier in the week.
.Por laJian Corn afloat previous prices have been steadily
Iceland on.