The Sun.
London, England, 1847-10-13 00:00:00

REVIEW OF THE BRITISH CORN

TRADE.

The accounts from all parts of the kingdom agree
in stating that a large breadth of land will be sown
with wheat this autumn, and there is every prospect
of the seed being well got in. The soil has worked
admirably ; and the rain which has fallen during the
last few days having supplied the requisite moisture,
sowing will most likely be forthwith commenced.
It is, therefore, probable that the finer qualities of
wheat will for some weeks be in great request for
that purpose ; and as there will be little time for
thrashing and bringing supplies to market, a mode-
rate rise in prices is calculated on. Independent of
the seed demand, a rather active inquiry for new
wheat may be expected, it being impossible to manu-
facture good flour of the old foreign wheat now here
without a mixture of new of home growth. The
trade has, nevertheless, remained in a comparatively
quiet state since our last, and the value of the
l was
expected
that this article
article has hardly risen in proportion (at the leading
provincial markets) to the advance which took
place at Mark-lane on Monday. The extreme
caution with which buyers have continued to act
has, no doubt, been in a great measure caused
by the extraordinary position of monetary affairs,
and unless something is done to relieve the existing
pressure, the corn trade, as well as all other branches
of commerce, must necessarily remain in compara-
tive inactivity. There are, however, reasons to
conclude that prices of grain cannot recede much.
Firstly, our farmers hold little old corn, and they
do not seem at all anxious to press sales of new ;
further, the stocks of old foreign in the country,
though large, are not excessive; and in the pre-
sent state of British credit there is little prospect
of consignments being made from abroad to this
country. We are, therefore, disposed to think that
the value of wheat will not go much above or below
its present level ; for whilst the tightness of money
must act as a check to any material advance, the
causes already named will, we are inclined to believe,
prevent any decline of consequence. At Liverpool a
fair but not not an extensive business appears to have
been done in bread-stuffs. On Tuesday there was,
besides the usual local demand, some inquiry from
distant parts of the kingdom ; the decline of the
previous market-day was consequently recovered,
and in some cases Wheat sold at 3d. per 701bs.
over previous prices. Flour was likewise taken
pretty freely, and the finest parcels of Ame-
rican brought Is. per barrel more than the week be-
fore. Subsequently holders again raised their pre-
tensions and on Friday the best qualities of wheat
were held 2d. per 701bs. higher, and for superior
Western Canal Flour 295. per barrel was asked.
By our letters from Scotland we learn
ss
beganhaat s an
to is
active inquiry had been experienced for seed
neglected,aong theh had poorer
Wheat, which, with the reported rise in the
southern markets, had led to an advance of 2s. to
againclasses
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ypwegerreekast,..a quarter.nldndt
the
aenlmn
cools
rtr
ner,l
ea
enwedhn
it
cpricesahcchoaudno
accounts
for
0 farrl
01 s
from
sortsmteh thence
time
efe
provisions have risen consideraly within the last
would be extensively used during the
distresssebtxeaectnietetchoamtptahreativey m
attention,
and
it
winter, owing
`o its relative cheapness.—Ma h I r - ane Express.

BELGIAN CATTLE.—The steam-ship Triton, usually
trading with passengers to and from Ostend and the
metropolis, has brought 256 sheep, the produce of
Belgium, being the first instance of a large quantity of
this description of cattle having heen brought from that
country to the port of London, or, that we are aware of,
to any other port on the English coast. For some.
considerable time past there have been small supplies of
calves, a d also, we believe, swine from Belgium, and
the extension of the traffic to another and important
description of live stock will command attention, and is
of interest.