The Sun.
London, England, 1846-11-27 00:00:00

THE CORN TRADE.
BRITISH.

Though no actual rise of-consequence has hitherto
occurred in the value of wheat, the trade in the article
has 'since our last assumed a decidedly firm tone.
Whether this will or will not be followed by a rise in
prices is not very easily to be foreseen, lent that holders
have manifested increased confidence within the last
few days cannot be questioned. Several causes have'
combined to produce this state of affairs, the most
manifest of which have been the extreme shortness of
the
the supplies brought forward by the farmers, and
belief that the stocks in the hands of the merchants
and millers have within the last few weeks undergone
a material decline. Other circumstances have assisted
to bring about the same end—a continued demand for
wheat for shipment to France,
account, large purchases made
in the English markets for Irish and last,
though not least, a growing conviction that the pro-
bable arrivals of bread-stuffs from America have been
greatly overrated. The advices received from the
-United States since we adverted to this matter are
calculated to confirm the opinion we then expressed;
for though the shipments from the other side of the
Atlantic will unquestionably be large, they are not
likely to be nearly so great as was at one time sup-
posed. While on this subject, it may not be amiss to
take notice of a paragraph which appeared in the
Money Article of the Times of Friday. It is there
stated, on the authority of a New York correspondent,
that considerable uneasiness had been created in that
city in consequence of the exports of flour to Europe,
and that fears were entertained that after the close of
the inland navigation, by which supplies from the in-
terior would be cut off, the stocks on the spot might
prove inadequate for city use; and it was even deemed
possible that the inhabitants of New York might have
to reimport flour from Europe to satisfy their wants
till spring. In how far there may be any real grounds
for this statement we are unable to determine; and as
he startling changes which the opinions of our co-
temporary have lately undergone on matters relating to
the corn trade, has caused it to be regarded by all mer-
cantile men as a somewhat erratic and unsafe guide,
whatever emanates from that paper is now very naturally
looked upon with suspicion. The weather has through-
out the week been highly favourable for outdoor occu-
pations, and the sowing of wheat has been steadily p:io-
ceeded with. This important work is now fast drawing
to a close in all the southern parts of the kingdom, and
even in the north great progress has been made. The
ureadth of land put under this crop is likely to be fully
as great as in ordinary seasons; bat whatever effect this
may have upon prices next autumn, it can have no in-
fluence at present, except indeed by causing a larger
quantity of wheat to be used for seed, lessening the
steaks in the hands of the growers.
At most of the leading provincial markets held during
the week, the trade in wheat has been decidedly firm ;
and at several of the principal consuming towns, as well
as at the large markets in the agricultural districts,
higher prices %ere realised towards the close than were
obtainable in the commencement of the week. The re-
ports from Liverpool of Friday are, however, of a rather
subdued tone ; and though several purchases of fine
wheat were made there by the millers from the west, the
demand for low qualities for shipment to Ireland, having
fallen off, the latter descriptions barely sold so well as
on the previous market day.
By advices from Ireland we learn that several cargoes
of Indian corn had arrived at the principal ports, which
had caused a material decline in the value of that ar-
ticle. Some increase appears also to have taken place in
the supplies of corn from the farmers ; which, with the
receipts of wheat, &c., from England, and the employ-
ment afforded by the Board of Public Works, had com-
bined to alleviate in some measure the misery and want
previously so prevalent. Whether we shall receive sup-
plies of oats from the sister isle we have no means of
ascertaining, but for some time past the arrivals have
been very scanty, and by the most recent accounts, ti
would appear that very little was being shipped either to
London or Liverpool.
Scarcely any increase has taken place in the arrivals
of Wheat into London, the quantity received coastwise
up to Saturday evening having amounted to only 2,833
qrs. The show at Mark-lane by hod-carriage samples
from the neighbouring counties has been still more
trivial. On Wednesday the Essex, Kent, and Suffolk
stands were quite bare; and too little business was, con-
sequently, done to afford a just criterion respecting
prices. On Friday there was a few runs fresh up, which
were placed without much difficulty at the full currency
of Monday last; still there was not much activity in the
demand, and factors were unable to establsh any advance
on previous rates. The smallness of the English supply
has caused somewhat more attention to be directed to
free foreign wheat ; and in addition to what has been
taken for local consumption, several purchases have been
made by country buyers, besides which a purchase or
two have been made of low qualities for shipment to
Ireland. Under these circumstances somewhat increased
confidence has been manifested by holders; and so far
from any further depression having taken place, the
ficer sorts have been held at slightly enhanced terms.
The stocks of free wheat at this port have been
considerably reduced of late, and we question whether
the quantity remaining in granary now exceeds 300,000
quarters. The advices received from France this week
are rather animated ; and there has been an inquiry for
bonded wheat to ship to that country: owing, however,
to the high terms generally demanded, few bargains have
been concluded. The arrivals of wheat from abroad
have been to a fair extent, 6,705 quarters having come to
band during the week ; and a good many vessels laden
with this grain, bound for this and other British ports,
having lately passed the Sound, further supplies are pro-
bably close at hand.
The sale of town-made flour has been dull throughout
the week ; the prices at which the metropolitan bakers
are selling bread are relatively lower than those asked
for flour ; hence great unwillingness is manifested to
buy the latter except for immediate use. Ship samples
have moved off steadily at former terms ; and for Ame-
rican, whether free or under lock, the demand has re-
cently improved.
The market has been sparingly supplied with English
barley; and though the malaters have conducted their
operations with much caution, fine qualities were fully
as dear at the close as in the commencement of the
week. The value of distilling and grinding sorts has
also been tolerably well supported ; but the continued
receipts from the north of Europe, and the expectation
of further supplies from the same quarter, have rendered
the di?posal of all but the best somewhat difficult.
The business done in malt has been of a retail cha-
racter, sellers having in most instances insisted on
higher terms than buyers have been willing to pay.
The sales made have, however, been closed at similar
prices to those of Monday last.
We have again to report an extremely small arrival
of ;home grown oats. From our own coast only 313
quarters, from Scotland 1,600 quarters, and from Ire-
land 894 quarters, having come to hand. Meanwhile the
foreign supplies have rather fallen off than increased,
9,689 quarters having come to hand this week, against
21,244 quarters the week preceding. The dealers, whose
stocks are not by any means large, appear to place their
dependence on receiving assistauce from Ireland, calcu-
lating that in consequence of the long-continued easterly
winds, same quantity may have accumulated and been
kept back, which a westerly breeza may bring to hand.
Neither on Wednesday nor Friday was the demand by
any means lively ; but the greater part of the foreign
lately arrived having Leen either sold from on board
ship, or landed on account of the importers, factors
were not anxious sellers, and in partial instances a
trifling advance was realised on fine corn. The future
range of prices will depend almost wholly on what may
reach us from Ireland; for though a few foreign cargoes
are likely to drop in from time to time, the receipts from
abroad,iwill not, we think, be of sufficient magnitude to
keep down quotations if the sister isle should be unable
to send us the regular quantity.
Beans have excited very little attention since our last;
and though in same cases offered rather below Monday's
quotations, buyers have acted on the reserve.
The mildness of the weather has affected the sale of
peas, and both English and Foreign have receded about
Is. per qr. in value.
Having hardly any Indian corn on the market, the
transactions on the spot have been of little moment ;
some business has, however, been done in cargoes to ar-
rive, generally at reduced terms, the quantity on offer
having been rather more than equal to the demand.
The advices from the Mediterranean are important
this week ; and from the character of the accounts from
thence it would appear that there is in reality very little
chance of largo supplies of wheat being received in Great
Britain from any of the countries lying east of the
Straits of Gibraltar.
The accounts from the Baltic ports are not of much
interest this week, and prices of wheat do not appear to
have undergone much alteration in that quarter.
At Stettin on the 26th of November, holders of
wheat were still very firm, the small supplies' brought
forward by farmers having barely sufficed for the local
consumption.

At Hamburg, on Tuessday last, there was a good
deal of activity in the wheat trade, upwards of 5,000
quarters having been bought (principally from France)
since to preneding post day ; the price had varied from
545. to 575. per quaater according to quality. Several
contracts for parcels to be shipped from Baltic ports had
also been closed at from 51s. to 535. per quarter, free:on
board. The stocks of barley appear to have been nearly
exhausted at that port by previous shipments, and the
demand continuing, 38s. to 403. per quarter had been
asked for Saale.—Mark Lane Express.

PROCEEDINGS AGAINST A CLERGYMAN UNDER THE
CHURCH DISCIPLINE ACT.—A commission, issued by
the Lord Bishop of Bath and Wells, according to the
provisions of the Church Discipline Act, consisting of
the Venerable Archdeacon Brymer, the Rev. William
Proctor Thomas, Prebendary of Wells, Rural Dean, and
Rector of Urtheridge and Wellington, Somerset ; the
Rev. Frederick Berkeley Portman, M.A., Prebendary of
Wells, Rural Dean, and Rector of Staple Fitz-Paine,
Somerset; the Rev. J. Edwin Lance, M.A., Prebendary
of Wells, and Rector of St. Mary Buckland, Somerset;
and Ambrose LethbrK.,-e, Esq , Barrister-at-Law as-
sembled on Monday last, at the Grand Jury lioom,
Taunton, against whom charges of a very grave charac-
ter are preferred. On the part of the Rev. defendant,
for Se Kinglake and Mr. Stone, who appeared
, applied to the Commissioners for permission to
condeu_rect the inquiry with closed doors, a request with
w.
h the Commissioners immediately and unhesitatingly.
complied, Mr. Shillibeer •
that the Rev, defendant hiedimated to the Commissioners
the witnesses,
Whose
evidence to indict some of
most material, for
conspiracy, in the event of their wasst anything tend-
ing to damage his character; so that in
.of those
persons he requested that they might ere alau.nCourt
during the inquiry. This was objected to,w
wit-
nesses, as well as Mr. Shillibeer, were orered to the
-draw. The inquiry will be conducted in the same wmatn-
ner as that in the case of the Hon. and Rev. Mr. Monck-
ton, in London, some time since, and is expected to last
several days.

LAW INTELLIGENCE.
VICE-CHANCERY COURT, Non. 26.

His Honour the Vice-Chancellor Knight Bruce sat in
his Court in Lincoln's Inn to-day, and heard bankrupt
petitions as Chief Judge of the Court of Review in
Bankruptcy. His Honour also disposed of several causes
as Vice-Chancellor.

WROUGHTON V. COLOQIIHER.

This cause came before the Court to-day on further
directions.

His HoNoun, at the conclusion of the arguments, said,
the case arose out of the supposed ambiguities in the will
of the testator. He considered that these ambiguities
did not exist, and that the intentions were very clearly
expressed, and he therefore considered that the annuitant
was entitled to have a charge on the income for her an-
nuity, and that the debts should be paid out of the fund
(5,9001.) then in Court, to the credit of the cause.