The Sun.
London, England, 1847-11-09 00:00:00

THE CORN TRADE.

Though money has been nearly as tight during the
week as at any previous period, the Bank of England
having continued to charge 8 and 9 per cent. on first-
class securities, still the tone of mercantile affairs has
slightly improved, and there has certainly been more
disposition to purchase grain, whilst holders have
shown less anxiety to realise. The prevailing impres-
sion in the corn trade appears to be, that prices can
scarcely, under any circumstances, fall much below
their present level for some months to come; and this
opinion is sufficiently strong to give rise to a desire on
the part of millers and dealers to hold somewhat larger
stocks than they have until lately deemed prudent.
It is not improbable, therefore, that rather important
investments would be made, if money should become
at all easier ; but we much question whether any
material advance in prices can be considered desirable
in the existing state of affairs. The sudden suspen-
sion of railway works, and the large number of hands
out of empioyment in the manufacturing districts,
render the prospects for the coming winter sufficiently
gloomy ; and as the present value of wheat will re-
munerate the producer, a rise in prices of provisions
would just now be productive of much more
harm than good. The sowing of wheat and other
outdoor labours still continue to occupy the farmers,
and the supplies of grain from the growers have
rather fallen off than increased ; as, however, the
weather has throughout been highly auspicious for
field work, it is fair to conclude that a large pro-
portion of the same has been brought to a successful
termination, and before the end of the month we may
calculate on receiving better supplies. Meanwhile the
millers experience some difficulty in securing sufficient
new wheat for mixing with the old foreign, and at all
the markets in the agricultural districts held since
Monday last prices have risen 2s. per quarter. At
several of the leading consuming towns the advance
has been to about the same extent, and old foreign
wheat has participated, more or less, in the upward
movement.
by the high
appears, how-
ever,A Lt
oi ve
haverp o obl
ebeuns isnoenslse iwnhba rt ea
cdhsetcukffesd
pretensions of the holders.
From the principal towns in Yorkshire we learn
that new wheat had come forward very sparingly,
and that, though the inquiry had not been particu-
larly lively, sellers had been enabled to obtain ls. to
2s. per quarter above former rates.
The reports from the west and north-west of the
kingdom are of a similar character, a rise of 2s. per
quarter having been pretty generally established,
though rather reluctantly paid.
By our Scotch advices it appears that wheat sow-
ing had met with very little :interruption, and that
the supplies from the farmers had rather increased ;
the rise in the southern markets had, however,
caused sellers to ask more money, and wheat was
dearer at Edinburgh and Glasgow on Wednesday
than on that day week. In the value of other
sorts of grain no particular change appears to have
occurred.
The accounts from Ireland do not in any way im-
prove; and, judging from the existing state of affairs
in that unhappy country, the prospects for the winter
must be regarded with great misgivings. With the
exception of potatoes, which have certainly produced
badly, and been much less extensively grown than
usual, the crops appear to have yielded well in Ire-
land ; still, the utmost misery and want prevail there,
and there can be no doubt that England will again be
called upon, in one way or the other, to render as-
sistance.

There has been nolincrease in the arrivals of wheat
coastwise into London, and the quantity brought
forward at Mark. lane by land-carriage samples, has
been even smaller than was the case last week. On
Wednesday the show consisted of a run or two
fresh up -from Essex, and a few trifling lots on
the Kent stands left over from the previous mar-
ket-day in consequence of the inferiority of the
quality. The shortness of the supply induced fac-
tors to ask higher prices, and for the finer sorts
former terms were in some instances exceeded by
ls. per quarter. On Friday there was evidently quite
as much disposition to buy as earlier in the week,
but there was scarcely a sample offering ; important
operations were, therefore, out of the question, but
needy purchasers had to pay the advance previously
established. At length we have to report a falling
' off in the supplies of wheat from abroad, only
6,029 qrs. having come to hand up to Saturday
evening ; the demand for foreign wheat has, how-
ever, been less active than the inquiry for English,
and its value has not varied much. Up to Friday
prices remained perfectly stationary, but on that
occasion holders were unwilling to part with
good qualities at previous terms ; and, having a
slightly improved country demand, a rise of ls. per
quarter was in partial instances paid for Dantzic and
superior sorts of Lower Baltic red wheat. During
the last two months the arrivals of foreign wheat
have greatly exceeded the consumption, and the
London warehouses are now very full; but as for
several months to come we are likely to be without
supplies, a good clearance will probably have been
made before the spring shipments can be expected to
reach us.

The arrivals of barley of home growth hare been
scanty ; still this grain has been difficult of disposal,
and the utmost that could be obtained for even the
finest malting qualities on Friday was barely equal
to the prices realised on Monday last. Foreign
barley has been taken to a moderate extent for feeding
purposes, at about former rates ; but the sale has been
interfered with by other articles, such as Indian corn
and rye flour.

I%llt has been much neglected, still its previous
value has been about maintained.
The market has been sparingly supplied with oats.
The quality of the new Iriih hitherto brought for-
ward may be described as good ; but less care than
usual appears to have been taken in preparing them,
several of the cargoes having arrived in indifferent
condition.

Scarcely a sample of English beans has appeared
since Monday, and the few lots in second hauds
have been held at enhanced terms. Egyptian beans
have likewise risen more or less in value, the scar-
city of old English having caused a better demand for
foreign.
Though the inquiry for Indian corn and meal has
not been particularly active, there has been sufficient
demand to enable holders of both articles to realise
rather enhanced terms.
The value of rye flour has also tended upwards,
and there can be no doubt that, as an article for cattle
feeding, it is rapidly rising in esteem.
By the most recent advices from the northern coun-
tries of Europe we learn that the supplies of new
grain had not increased much, and as the stocks of
old are nearly exhausted all over Europe, previous
prices had been tolerably well supported ; we are,
however, inclined to think that so soon as farmers
shall have completed wheat sowing, they will bring
forward their corn more freely, and we expect that
prices will give way during the winter at the prin-
cipal Baltic ports.
At Konigsberg, prices of wheat appear to have
slightly receded, owing to rather increased supplies
from the interior.
about 6011bs. per bushel, was said to have
A parcel of Volhyniaa wheat,
Freight to the east coast of Great
on Tuesday, there was a very small
bweeeinghtiankgen for Scotland at 455. to 475. per quarter,
free on board.
as:4..3ldal.irewEr
xqpuraerstse.r, with Is .
BgurpAiptatiper last.
yilnl._wailsburgh,

'S EZPIWITION.—We have
FRANKLIN'S
authority, that in the event
YaN.rd of Sir John Franklin and his
year, the Government will
separate expeditions very early, to be dis-
patched different routes in quest of them. The Admi-
ralty still feel no reason to be alarmed for the safety of
the gallant hero and his companions; for they do not
field officer of
expect to hear from them until next year,
the room of
Lieutenant-Colonel Barrewell, of her Majesty's
Leutenant-Colonel Bissell Harvey, who enters the
the9th Foot,
Glasgow he been
ee
Recruiting
91h. Lieutenant-Colonel Barrewell is a soldier of long
standing and distinguished service, and eminently fitted
for the situation he has obtained. He served nearly the
whole of the Peninsular campaign, and was present at
every battle from Roleia to Toulouse, including Vimiera,
J Fuentos d'Onor, the two sieges of Badajos, Ciudad, Ro-
drigo, Salamanca, Vittoria, Pyrenees, Nivelle, Nive, and
Orthes.—United Service Gazette.
UNIVERSITY jot' AnERIDEEN*—OniI the 28th ult.
the Senatus Academicus of the University and King's
College, Aberdeen, unanimousl! re-elected the Earl of
Ellesmere to be Lord Rector o the University for the
ensuing year.
will give a grand parliamentary
Lord Stanley
dinner to a large party on the 22d of the present month,
the day previous to the expected delivery of her Majesty's
speech in Parliament on opening the session.
—.The atmospheric train on Friday
TEIGNMOUTII.
last left an was
22 minutes late, stopped 5 minutes
at Exeter, and was back at Teignmeuth 2 minutes be-
' fore the time allowed.— Western Times.
;