The Sun.
London, England, 1846-05-28 00:00:00

REVIEW OF THE BRITISH CORN
TRADE DURING THE PAST WEEK.

The supplies of wheat coastwise into London have been
quite moderate since our last, and show a material falling
off as compared with previous receipts. The arrivals for the
week ending this (Saturday) evening have amounted to only
3,164 qrs.against 5,393 qrs. received the preceding week
'Pfie quantity exhibited at Mark-lane by land-carriage
samples from the neighbouring counties has also been
small ; notwithstanding which we are unable to report
any improvement in prices. On Wednesday a some-
what firmer tone was assumed by factors, but the weather,
which was then wet, having subsequently become more set-
tled, the trade relapsed into a very dull state on Friday ; and
though the scanty nature of the supply prevented any
further fall in prices, considerable difficulty was experienced
in making sales at Monday's reduced terms. Of foreign
wheat the arrivals have been liberal, 16,646 qrs. have been
reported. Some of the cargoes lately received from the
Baltic have been offered from on board ship at lower rates
than similar qualities have been held at in granary ; but no
inclination has been manifested to make speculative invest-
ments ; and the business done during the week has been
restricted to small purchases made by the millers to satify
pressing wants. In these cases similar prices to those pre-
viously current have been realised, say 50s. to 555. for fair
to fine Dantzic, and 475. to 48s. for good heavy parcels of
red. Bonded certificates have been in steady request ; the
cautious manner in which millers have bought lock wheat
has, however, lessened the demand for these documents, and
we have not heard of a higher rate than 10s. 6d. per 4881bs.
having been paid. Hitherto the wheat averages have not
been affected by the late important fall in quotations, but
next week some of the low sales will come into the returns ;
and unless the Corn Importation Bill be passed very kingdomrapidly
through the Lords, the aggregate average for the
will probably have fallen below the pomtastealwelich the
minimum duty is fixed under the proposed new
The inquiry for flour has been exceedinglz,
to whatslowth is therough-
out the week, and some uncertainty exists
nominal top price of town made, the_our has also been selling
at irregular terms, and, on the millers being by no
means agreed on that point.
Ship
whole,fl the turn has been in
favour of the purchaser. We have recently received very
large supplies of flour from thelitnhiitsedisSliitatteely to come States, anedmeorienties
said to be close at hand; none e
useturniption until it shall have been decided whether Sir
Peel's Bill is, or is not, to pass the Lords, and by the
time this point is ascertained there will probably be near
upon a million of barrels of flour under lock in the United
Kingdom.
FOREIGN CORN TRADE.
By the arrival of the Great Western steam-ship we are
put in possession of advices from the United States of recent
dates. The continued dull reports from Great Britain had,
it appears, had considerable effect on prices of flour, but at
the reduced rates a fair extent of business had been done.
Letters from New York, of the 7th inst., state that several
thousand barrels had been bought for export during the
week; prices realised had, however, been nearly a dollar per
barrel lower than those previously current, good brands of
Genes e 3 having been sold at 14 68N c., and other descrip-
tions on equally moderate terms. Fair supplies of wheat
had, we are informed, come to hand, and quotations of the
article had receded ; good red had been freely offered at
1 doll. per bushel, good to prime white at prices varying
from 108 c. to 112 c. per bushel. From Baltimore we learn,
tinder date of the 4th of May, that Howard-street flour had
been sold there as low as 4 dolls. per brl. Shipments were being
freely made from the principal ports in the States to Europe,
and there must at present be rather a considerable quantity
of bread stuffs on passage from thence.
lu the Baltic less impression seems to have been made on
prices of wheat by the recent important fall in the English
markets than might have been expected ; this may be partly
accounted for by the fact, that the decline here has been
principally on British, the expectation of the duty coming
off having prevented the holders of bonded giving way to
any extent.
Letters from Dantzic, of the 16th instant, state that the
supplies of wheat from Poland had wholly ceased; and that
though the demand for the article had been on a strictly
retail scale, its value had not suffered any material deprecia-
tion. The best samples of old high-mixed were then held at
51s. to 53e., good qualities at 48s. to 495., and other sorts at
prices varying from 445. to 475. per qr. Vessels to load
wheat for London might have been chartered at 3s. 9d. to
45. 3d., and to Liverpool at 4s. 6d. to ss. per qr.
At Rostock, Stettin, and neighbouring markets, scarcely
anything appears to have been done in wheat, the few orders
received laving been limited too low to admit of their exe-
cution. Below 452. to 465. per qr. free on board there had
been no sellers at the places named, whilst such qualities are
not at the present moment worth more in London than 465.
to 475. ; unless, therefore, prices give way on the other side
or rise here, no opportunity will be afforded for profitable
business.
The Hamburgh advices of Tuesday last, state that very
few purchases of wheat had been made there since the pre-
vious post day, either for shipment or for local consumption.
Wabren, weighing 621bs. to 621/21bs., was then still held at
48s. 6d., and light 591bs. to 591 Albs. Seale qualities had not
been sold below 445. per qr.
From Holland the reports are wholly without interest,
but in the Belgian markets some business appears to have
been done at full prices.
From the southern and eastern parts of Europe the advices
are also dull, and prices of wheat seem to be gradually
tending downwards all over the continent. That we shall
receive larger supplies of foreign wheat during the summer
and autumn than we were led to expect can no longer be
questioned, and the reported deficiency in the last crop of
wheat appears to have been as much exaggerated abroad
as the potato disease has been magnified at home.
There are good stocks held at Marseilles, Leghorn,
Trieste, &c. ; and such qualities as are usually exported
from those and neighbouring ports were obtainable, accord.
ing to the latest accounts, at from 355. to 365, per qr. free
on board.
Further east the value of wheat has also fallen of late;
and we learn from Odessa, under date of the 11th of May, that
very good Polish had been sold there at equal to 30s. per qr.
free on board.—Mark-lane Express.