The Sun.
London, England, 1870-08-09 00:00:00

THE MARK LANE CORN MARKET.

Although there was very little animation in the grain
trade last week there was a decidedly upward tendency in
the quotations, owing to the delay in the receipt of the
new wheats, and more particularly to the prohibiti n of
the export of breadstuff s for the North German ports.
As France will probably have to import largely before long,
there is every reason why prices should remain steady,
notwithstanding the large increase now taking place in
the stocks on hand. Both factors and millers have
operated very cautiously, and this seems likely to be the
character of the markets during the continuance of the
war, unless new features arise. Wheat may be quoted
2s. per quarter higher in the week, but Dantzic
and some other foreign descriptions are even dearer.
Flour has further advanced ls. per sack in sympathy with
the movement in wheat. Oats ar6 is. dearer, but beans
and peas have declined to a like extent. On the Conti-
nent the war has greatly interfered with the grain trade.
,Prices have risen daily, and this fact, coupled
with the high rates of freight, has prevented
any extensive operations on British account. From
America a considerable movement of grain from
the west is reported. Last week's imports of foreign and
colonial produce into London amounted to 36,431 qrs.
of wheat, 8,996 barley, 68,365 oats, 50 rye, 7,120 peas,
14,776 linseed, 4,674 rapeseed, 10,300 maize, 346
sundries, 3,389 barrels, and 6,271 sacks of flour.
There was a moderate supply of English wheat, on sale
here yesterday, including about 500qrs of middling produce,
the quality of which in many instances was indifferent.
For all descriptions the demand was inactive ; neverthe-
less the quotations ruled firm, and there was a
tendency. to higher rates. As regards foreign wheat
the receipts were moderate. Sales progressed slowly,
but the value of all descriptions was maintained.
With barley the market was moderately supplied. The
trade was firm at full quotations. Malt was inactive, at
about late rates. Oats were in request, at 6d. to Is. per
quarter more money than on Monday last. Beans were
firm,. and peas commanded full currencies with a healthy
inquiry. Maize was steady, and quite as dear. The flour
market has been quiet, but prices have ruled firm.

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