The Sun.
London, England, 1847-05-05 00:00:00

TIIE CORN TRADE.
(From the Mark Lane Express.)
The weather has, on the whole, been favourable dUring
the week for the growing crops, copious showers having
fallen in most parts of the kingdom ; still the tempe
arr,
-
rature remains low for the advanced period of the ye
and the reports from the principal agricultural districtsef
describe the wheat plant as very backward. A f,
weeks of really warm weather would, however, in all
probability suffice to set matters right in this rnot espect ;
and we are happy to say that there is at present hiog
about the appearance of the growing crops to give rise la
uneasiness in regard to the future. It is truly fortunata
that such is the case, for under existing circumstances a
bad or even an indifferent harvest would place this
try in a dreadful position. That the quantity grsill
remaining in the hands of the farmers is •extremety
short can no longer be questioned. Every day faints o=
fresh evidence of the fact. Whether prices rise
.0
whether they show a tendency to decline, no
tn 1.11"
:
crease takes place in the deliveries from
growers ; and we can, therefore, come to no
conclusion but that the stocks are so
far
reduced as to render the holders indifferent about re-
alizing. We have on former occasions laid ,before our
readers the reasons why we were disposed to think tht!t
there would not this year be that increase in the dell'
veries which usually takes place immediately after sprin
sowing had been completed. We shall, therefore, non
merely draw attention to the fact, that, with every 111-
ducement to supply the markets liberally, the quantity
of corn brought forward during the week, has hsrdali
sufficed for the consumptive demand, contracted a5.,,,tl
latter has become in consequence of high prices. Ja_r_
this not been the case, we should probably have e''..
perienced a considerable reaction in the wheat trade, af
the general state of commercial affairs has lately hee:
such as to put a total stop to all speculative investlei3on
The strineent measures adopted by the Bank •ast
evidently 'been in a great measure directar ed a!
led,
corn speculation, and they have in SO f stie'been.
for all parties connected with the trade have to
rendered more than ordinarily cautious, Thisdecliningbsi
buy more than is absolutely necessary.
1 'd ton?
naturally tended to impart a somewhat sangeoltal ee•.•
to business. Owing, however, to the almost t
trifling
haustion of the granaried stocks, and tihaleprveqsXrh hinas
.
nature of the supplies, very little
been produced on prices by the scarcity aria
market in
terest of money. Liverpool is nearly the onlY and
the kingdom in which quotations have given way' , „
even there the fall has been unimportant. (-)n- Tuha,esnunsijil :.
wheat was 3d. per 701 b. cheaper at that port
Ent ,
A erica's
that day se'nnight, and the best brands
flour were procurable at 40s. per barrtvereyiy,endel;di
~,
the demand for both articles seems to
on Friday a large business was done in wheat 1
'l,l aver 701 b. . ;
previous rates prices then quoted 2d. to e•-; ••ha, bed
higher than en Tuesday. Hitherto the weath r Noe
b- •-•
comparatively little influence, but we are now
willal).P hav
ing a period of the year when its character w„ flues.
much to do with the fluctuations in prices; still
havea_'' the
tion whether the most auspicious weather will
ticcolaPs.
effect of reducing quotations materially, unless
nied by large foreign supplies. south
The rather subdued tone of the advices from t reprices
appears to have checked the upward movensent other
at the chief markets in Scotland; but there, " inrs have
parts of the kingdom, the receipts from the gro
been too small to admit of any °redaction:
re
Neither at Edinburgh nor Glasgowrewataesrial
wheat gliteeaa
lower on Wednesday, whilst barley and oats colutes
enhanced rates at both places.
From Ireland the accounts are of much the same cl:05 , ~
meter this as the preceding week. There was still arktiot.. ~
deal of Indian corn pressing on some of the eheif ma I,‘. al:,
which had had more or less effect on the valuem.,..o,
other sorts of grain; and though the deliveries fromnorot:ti
..,
..
wheat ,
~.
farmers had been very trifling, neither ~
had risen. i of whegi''''
We have again to report a very small suPP-1 _wise or'
of home growth into London; the arrival cott!l
__
only
~..,..
to this day (Saturday) evening has amounted.rited 0 :::ii.
from dts, the !: ,
3,290 qrs.; and the quantity which has been es lin'
the ileille'''''
Mark-lane by land-carriage samples
counties has been equally small. On Wecitteson'siated.
show on the Essex, Kent, and Suffolk stands ce „leo, „,,,,..!
of a few runs left over from Monday, which th
r":l;boseee--
expected to buy at lower rates; in this, hnwheevsehghtest
were disappointed, factors refusing to make t
no ate°. tv
concession, and needy buyers bad, therefor% bedening
tive but to pay the rates current in the was wore
of the week. On Friday the dernanha.,h e prices
active, and in partial instances rather ittie e„, nature
were obtained; owing, however, to the l 111.in.bd scale•
of the supply the operations were on a restricte ,
The almost complete exhaustion of the stocks of foir,..e.t-f
wheat in granary at this port, and the inferior qatafs",e„
Par-
the little remaining, have prevented extensive row ,
d to Ps'.
tions; indeed, business has been nearly confine
the ,ner
eels recently received. These, particularly
"
sorts of Baltic red, the growth of 1846, have been inre7
quest for shipment to France and Holland;
millers having Also been on the look-out to secure tne
best descriptions, Monday's quotations have been inlif
supported; indeed, it was somewhat difficult topurchase
on as easy terms on Friday as at the commencement of
the week. and the town.
The late advance in the price of town-made flour has
been very unwillingly paid by the bakers, and the trade
in the article throughout the week been excessively dull.
Ship flour has also moved off slovvly, and even American,
though offered relatively cheaper than flour of home
manufacture, has excited less attention than might have
been expected. On Wednesday the best brands of the
latter were offered at 40s. to 41s. per barrel, but on Fri-
day there were not so many sellers willing to accept the
rates named.
English barley has come sparingly to hand, and the
supplies of this grain from abroad have been more ode-
rate than the preceding week. Fine malting qualitiee
have, in consequence of their extreme scarcity, brought
high terms, notwithstanding the advanced period of th°
season. Secondary sorts have likewise been in fair re-
quest, partly, we believe, for shipment coastwise so the
westward; and the enhancement of Monday last has beell
well maintained.
The transactions in malt have been rather on a retail
scale; socks being, however, light, and the s
having been small, the value of the article has shown 6
tendency to advance.
Including 4,116 quarters from abroad, the total arrival
own!
of oats has amounted to only 5,828 quarters. Our
crop appears to be nearly exhausted; the receipts coils 0
wise for the last eight days having only reached 16e
quarters, the remaining 1,550 quarters being from
,Ir,e*
land. The principal dealers, who bought rather larbeiri
about a fortnight ago, appear to have still sufficient e_
hand for immediate use, and have therefore acted oil
the reserve of late. The want of activity in the demana_
has, however, had no influence on prices, and owing to
the moderate quantity now in the market,
bability of speedy arrivals of any moment, we are dive; e:t.
to think that quotations will advance rather than Fee_ dm.
On Friday the trade was characterised by increased hr
turn
and the iropgro.
ness, and though no actual rise was established the
was decidedly against the buyer.
English beans have been in fair request since gondaY•
and the quantity brought forward have been trifling
rather enhanced terms have been realised. Egyptian
have also been inquired for, and in some cases Is. per
quarter more has been paid for fine qualities.
In white peas nothing of interest has transpired; grey
and maples have been taken at fully Monday's currency
for shipment to Rotterdam.
welllt asye forhas
also
Antwerp be
and in bought
it for
utlri
ge
h,
same
at
58s. to
destination,uos.
has not been much doing
There
quarter.
withstanding which holders have rather raised their Pre
°
tensions.
preorotrs
afrvoemrytthreitlinuogrthoeiranracatnedr etahsisterwneefftas:gf
EuTrohpeerae
it appears but too evident that the scarcity of food is ',l"-
great in many parts of the continent as in IrelatV
From Dantzig we learn, under date of the 24th of APrl
that wheat of fine quality had been actually sold tt;
equal to 775. per quarter, free on board, and that caseiia
holders had declined selling at that price. It was said
that the sending of spring corn from Poland down t_ii
Vistula had been prohibited, and as the stocks of
,aes
articles on the spot were quite trifling, theist h Tales
had been demanded. Rye had brought prices equal i
60s. per quarter, free on board, for local consumption.
and barley was then quoted at 50s. per quarter.
The accounts from Konigsberg are of a similar chartabc;
ter ; and at Rostock, Stettin, and other places in , ,1
Baltic, the excitement appears to have been tothe lio:.
as great as at Dantzig. Our letters from Rostock re,„.'.
to the 26th of April, and inform us that equal to /o'.
to 80s. per quarter had been asked, and in some cases
realised, for good qualities of red wheat ;
and at Stettin,
on the same day, 591 b. Pomeranian and Silesian wheat
was held at 755. per quarter free on board.
At Hamburg quotations were even higher on Tuesday
last than at any of the places already referred to, say
84s. to 88s. for Mark and Upland red wheat, and 765.
to 795. for Lower Baltic qualities. Barley had also risen
materially there, 545. having been paid for a parcel of
Danish on the spot, whilst a small lot of fine English
rye had realized the extraordinary high price of 785'
per quarter.
From Holland and Belgium quotations come equallY
high ; and in some parts of France wheat appears to
have risen higher than at any former period. Frog'
Dunkirk we have a letter dated 26th of April, front
which it appears that superior white wheat, of 63Ibs
weight per bushel, was worth there 48f. to 59f. per hee"
tolitre, equal to 98s. per quarter ; and for some Lincoln'
shire white 945. to 955. had been paid. At Marseilleo,
however, wheat had, according to the most recent se
counts, fallen materially in value, the continued larg"
e
arrivals from the Black Sea, with a decrease in the de
mend from the interior, having at length told on prices. f
Since the above was written the Hamburgh wail r
Friday has arrived. Rye had then reached 80e. Pe
quarter.
____-------

•__
BIRTHS. - of
On the Ist inst., the wife of John George Fleet, Esq.'
Tollington-park, llornsey-road, of a son.
On the Ist inst., the lady of Dr. Power, Queen-street, gil-
fair, of a daughter.
On the 2d inst., in Endsleigh-street, care,
D11.5'
William Ilarmar, of a son. h the
On the 2d inst., at Portland House, it h,
wife of Gilbert Abbott a Beckett,

--------
DIED.
On the 30th ult., at Brownlow House, county of Artusgb'
the Right Hon. Lord Lurgan, aged 52.
On the 15th ult., at Edmonton, William Lever Springetb
Esq., aged 32. 1
On the 27th ult., at liighfield House, near Liverpno ,
Littledale, Esq., aged 74.
On the 28th at., at Chatham-place East, Hackney, Hal
Bennett, Esq., aged 81. ower-
On the 29th ult., Mr. William Christmas, of Gstreet,
Bedford-square, aged 76.

jig,
Leann: Printed and Published by hiUltDO YOUNG, of :":.inct
strend, Printer, at The Sun Office, No. 1 2, Strand, in the r_c
of Ole hwy. in tke Gouty at itadlesex. Wedaeaday, Alkir
PIT
_