The Express.
London, England, 1850-07-09 00:00:00

REVIEW OF THE BRITISH CORN TRADE.

(brew the Mark Lam Iturrst.)
The weather basset been altogether favourable ohne curtest
for the growing grain mope. Early in the week high winds
were experienced in most parts of the kingdom, by which
more or leo mischief was done, the crops having been a
good deal beaten down and lodged thereby. Whether thin
will lead to ultimate injury to the quality, or detract from
the productiveness of the harvest, will in a great measure
depend on the character of the weather hereafter. Should
it now bourne fins, the mops would probably regaia an up-
right position, and no hum would result; but much rain
would certainly act injuriously. Previous to Thursday there
was little wet, and in some districts the want of moisture was
beginning to be severely felt by all Lent-sown corn and ribs.
On Thursday we had nearly twelve hours of steady rain in
this neighbourhood, and by the advisee since received we
fled that this was likewise the case in the midland and most
of the western counties ; east of the metropolis the showers
appear to have been more partial. Though wheat would
geo'libly have done quite as well without so heavy a fall of
wet, there eon be no doubt that the general effect was hear-
leis!, and that, if followed by hot sunshine' even the first-
named crop would not in any way beinjured thereby; so
susesptible, however, are all paries at this period of the
year, that a wet day or two are almost sure to increase the
bathes of holders, and to render those whose stocks are
ntent's, somewhat short, uneasy end gneissic We are,
therefore, not by any means surprised that the effects of
Thursday's rain should have been a rise in the value of
wheat at some of the farmers' markets in those parts of the
country where the greatest quantity fell. This advance was
not caused by the belief that any mischief had been done,
but in anticipation of what might be the consequence of a
continuum of wet, cold weather.
The arrivals of foreign grain and flour have not been par-
ticularly heavy since our last, but towards the close of the
past week large =polio; were received at some of the ports
on the coast, At Liverpool the receipts from the 24th alt.
to the Ist ins.. exceeded 30,000 qrs. wheat, 18,000 ore Indian
corn, and 13,000 socks and 11,000 barrels flier. With such
plentiful arrivals of foreign produce, business Wei naturally
somewhat heavy at that port on Tuesday; still good quali-
ties of wheat were scarcely lower than before, and the abate-
ment on secondary kinds was only Id. per 70113 e. Indian
corn was more pressingly offered, and was obtainable at •
reduction of Is. to Is. Gd. per 48011 n., whilst flour was 6d. to
le. per sack and barrel cheaper. On Friday sellers were less
disposed to realise than earlier in the week, and the decline
on wheat was recovered.
By the advice, from the other large consuming towns in
the north, it appears that though purchasers had acted with
much caution, no concession had been made ; and at Hull
and Leeds on Tuesday, Birmirghsta and Bristol on Thurs-
day, and at Wakefield on Friday, prices were fully high as
before.
Our Mien from Szotland speak hese favourably of the
weather this week than previously ; still the crops in that
country are reported to be programing auspiciously. The
supplies of wheat at Edinburgh and Glasgow were sheet on
Wednesday, and quite as much money was made for fine
wheat as on that day se'nuight.
In Ireland violent gales were experienced en Sunday
night and Monday morning, and subsequently heavy rain.
Toe change in the weather bad given rise to some ureui-
nets in regard to the crops, and had caused sellers of wheat
to demand enhanced terms at several of the leading markets.
Of Indian corn the quantity on sale had proved more than
equal to the demand, ar.d the tendency of prices had conse-
quently continued downwards.
The arrivals of wheat coastwise into the port of London
bays been on the same limited scale this week as for some
time past, only 1,662 qn. having been reported uip to this
(Saturday) evening. The quantity exhibited at Mark-lue
by land carriage samples from the neighbouring counties has
also been scanty, and sellers have consequently shown no
disposition to swept lower terms. On Wednesday the de-
mand was decidedly slow, but the few sales made were at
similar rates to those current in the beginning of the week.
Subsequently the inquiry underwent some alight improve.
meat, and though the paucity of the supply prevented much
business beir.g done, the trade finished very firmly ea Fri-
day, with the turn rather 'pica the buyer.
The arrivals of wheat from abroad have been Itierably
good, but nut so lib: ral as the preceding week.. A coasider-
able proportion of what was then received having, ha mar,
remained unsold, we have had an ample display et eineliee
from on board ship, and a fair quantity offered trees
granary.
The dull reports from Ireland relative to Indian eons, sad
the decline which the value of the article has recently under-
goes at Liverpool, have rendered parties here more treatable;
still but few bargains in floating cargoes have been closed,
and it is difficult to say what the exact price is at present,
FOREIGN COLN TRADE.
The general tone of the advice* from the continent
is decidedly firm, and stocks of wheat in the hands of mer-
chantiabroad appear to have been reduced into a very narrow
cameo. What portion of last year's crop may still be hold
by e farmers it is impossible to ascertain, but for some
tins past the deliveries from the growers at the different
guars in the Baltic, dec , have been trifling in the extreme,
Ikea which circumstance it may be inferred that !semen
are not very large holder'. The prospects for the next her-
vest are good over the greater part of the north of Europe,
width is soother reason for supposing that farmers would rot
be very anxious to held if there really was much old what
/aft.
Linen from Dant ale, dated 29th ult inform us that wheat
bed throughout the week been in good request, particularly
the finer qualities, and that sellers had been enabled to
sealim fell terms, say equal to 435. for high mixed, 395. Gd. to
40e. 61.. for flne *first and 38s. to 395. per qr. free on board
fer peg mined, th.nuaed sort weighing 62 and the
latest 4111ba. per beisheL The transactions in spriog awn had
not been of much importance, but barley had been held with
rather more firmness. The weather in that neighbourhood
had for MSS time been highly auspicious, and the growing
corn wore a promising appearance.
At Konigsberg, on the 29th June, quotations of wheat
were precisely the same as on that day week, and the opera
Sons had in the interval been on rather a retail scale. Rye
had commanded equal to 17s. 6d. per qr. free on board. In
prices of barley, oats, Res , not the slightest change had
occurred.
Our Stettin letters are of the Ist ine., but their contents
are of little interest. Holden of wheat had manifested no
disposition to make the slightest concession, and the terms
asked having been higher than the Waite of the English
orders which bed none to redhardly anything_ had been
done for export; 61 to 6111 be. Stettin and llckermsrk
qualities were quoted 36e. to 375., sad superior 62115. Pome-
ranian, 38s. pet qr. free en board. Barley bad met with
some attention, and had realised equal to 16e. and 16e. per
qr. free on board.
The advises from most of the ether Baltic ports are of a
similar chalester, end eel utmost meld net saw be beeght
In that quarter below per qr., ibllet Wiry bed been
generally held at Ilia M 17e. pm. It Is einem anseree-
eary te lay that essulgeateate to this seemly Beg be
attended by leo, mien ceelatfese ma Ude obis anierge •
rim