The Sun.
London, England, 1864-10-19 00:00:00

Review of the British and Foreign Corn
Trade.

(From the Mark-ldne _Express)
The continuance of another week's dry weather, though
serviceable to the condition of the grain and cleansing of
the land, has somewhat hindered the autumnal wheat
sowings; seed those in the country who were in hopes the
late downfall would reach their wells have been disappointed,
a great want of water being still experienced in many places.
This state of things has had the same effect in France ; while
in Germany there have been frequent and sharp frosts, with
a heavy fall of snow in Silesia. We are there f rre practically
reminded of winter's approach, though in this fickle climate
we may yet have bright and warm days before Christmas.
The discount pressure still being heavy it was unlikely we
could speak of brisk markets, and the state of our averages
show the point of depression wo have now reached, say
38s 9d, which may perhaps prove the minimum, as no fur-
ther diminution has occurred generally for a week past or
more, and in some places there has been an advance. Foreign
markets have nearly all been sluggish, there being so little
opportunity for export; but rates do not come down corree
spondingly low to allow of any margin for export. In France
there had been a gradual and difficult decline. The Belgian
and Dutch markets have scarcely varied. At Hamburg the
obstinacy of holders shuts out all chance of profitable ex-
port ; and though the lower sorts of sew wheat at Dantzio
have been continually declining, some sales of the best have
been made at fully the former rates, and merchants there
prefer waiting to making any sacrifice on qualities suitable
for milling. In L-he interior of Germany rates have under-
gone scarcely any change, and there seems little expectation
of any further reduction. The crop in Canada has turned
out much better than expected under the long prevalence-
of drought, and growers are well satisfied. At New York
the constant fluctuations in the value of gold quite para-
lyse business, and vessels could be had at one third of a
common freight, say 2d per bushel.
The arrivals off the coast since Oct. 7 were 47 cargoes.
of which 28 cargoes were wheat, 16 maize, 1 barley, and 2
beans, Business was reported on the following terms ;
Taganrog Ghirka wheat at 35s Gd to 35s Od, Galata maize
at 26s G 3 per qr.
The sales of British wheat noted last week were 100,070
qrs. at 38s 93 against 110,526 qrs. in 1863. The London
averages were 40s 2d on 6,926 qrs. The imports into the
United Kingdom for the week ending October 8 were
739,193 cwt. wheat, 59,991 cwt. flour.
Monday in Mark-lane commenced on fair English and
good foreign supplies of wheat. During the morning but
few samples were sent up from Kent and Essex, and as
most of the country markets exhibited some improvement,
factors commenced by asking rather higher rates, but in
this they did not succeed, as millers firmly resisted paying
any advance. The sales that were eventually made were
only at the previous currency. The foreign trade was
steady, and holders more readily obtained the prices of the
Previous Monday. On 'Wednesday there were 210 qrs. per
coast, and 4,190 qrs. foreign. There was then a quiet busi-
ness in some samples at the previous Monday's rates,
farmers apparently sending very reluctantly to such mar.
kets. The business in foreign was on a small scale, but fine
qualities brought fully as much money. Friday's returns
were 320 qrs. per coast and 9,280 qrs. foreign. The quantity
shown this morning was too small for any serious amount
of business, and in the sales that took place no change of
value was noted. Foreign samples of fair useful quality
went off steadily on the same terms,
There was a full average supply of country flour on Mon-
day, and fair arrivals from America. The country trade
was quiet, and inferior descriptions barely maintained their
prices; but good American barrels were readily saleable
at the previous currency. The top price of town made
remained at 40s per sack. On Wednesday there were 359
sacks per coast, and 39 sacks foreign. business was
limited, Lut prices of first quality country marks were
firm, as they were also in American barrels, so few ship-
ments being in ale. Friday's returns were 490 sacks coast-
wise and 30 sacks foreign. Norfolks were saleable in a quiet
way at about former quotations. Barrels were readily
placed, fine extra State at 218 and upwards. Tema quota-
tions stood the same.
The barley supply on Monday was short both on British
and foreign arrivals. The best malting fully maintained
the previous rates, while medium and low grinding sorts,
both English and foreign, were somewhat improved in
value. On Wednesday there were 750 qrs per coast and
1,100 qrs foreign. The business passing in malting sorts
was small ; but previous rates were insisted on, and the
medium and low qualities were all fully as dear. Friday's
quantities were 810 qrs per coast, and 1,100 qrs foreign.
There was then no change in the market price of malting,
secondary and inferior sorts being all much the same as on
Monday.
But little was passing in malt on Monday, but previous,
rates were maintained. Pr ices remained without alteration
at the close of the week.
Then.) were fair arrivals of oats on Monday from the ports
of the United Kingdom, and another heavy foreign supply,
chiefly from Russia. Many of tho Russian cargoes being
ordered to granary the pressure on the market was light-
ened, and some recovery from Monday's previous low rates
for Russian samples was experienced—say to the extent of
Gd per qr; but little improvement, however, was quotable
for other descriptions. On 'Wednesday there were no arri-
vals par ooaat, I,SGO qrs Trish, 2.5,120 qrs farcical. 'With
continuous good foreign supplies but little way could be
made .in fresh arrivals, many of which were ordered to
granary; but holders were not disposed to yield anything
of Monday's advance. Friday's return were 146 qrs per
coast, 4,103 qrs from Ireland, and 39,560 qrs foreign. This
further increase made sales yet more difficult, as dealers
generally were pretty full ; but with many still being stored
there was no reduction in values.

The bean supply on Monday was altogether very scanty,
both English and foreign. There was, however, but a slow
sale for all sorts, and iu some instances less money was ac-
cepted. There was no subsequent alteration.