The Sun.
London, England, 1869-08-03 00:00:00

TRADE AND FINANCE.

The time has now arrived when we can speak with some
certainty as to the prospects of the wheat plant and the
future course of the corn trade. Cutting has already com-
menced on some forward and early-sown patches,
but this, of ccurse, is quite exceptional. Never-
theless, the harvest will probably be general by
the second week in August. Doubtless a very
great improvement has taken place in the position of the
plant since the middle of June, the weather since that
period having proved all that could be desired. By a very
fortunate circumstance, the weather changed at the most
lritical period of the plant's existence, and the blossoming
eras undergone under very favourable conditions. Bad it
DECII otherwise, the results must evidently have been
very serious. We may observe that we attach
little importance to the rumours of blight and
vermin which have lately become prevalent, but which
are apparently of quite a local nature. Nevertheless, we
ere by no means disposed to fall in with the views of those
who anticipate a full average crop. Similar prophecies
have already been rudely falsified, and we are inclined to
believe that this opinion will also be dispelled. We have
been assured for some months past that the tendency
of the quotations was unmistakably downwards, whereas
the course of events has lett prices considerably higher
than the lowest point cf the year. Our readers will
recollect that we have always affirmed that there was
nothing in the prospects or condition of the trade to justify
any decline in prices, and the event has proved that our
lbservations were entirely correct.
Circumstances now, however, are rather different. We
are about to secure an early, and not a late, harvest, as was
generally believed, and as we ourselves thought more than
probable, and there is no doubt that the area of land under
wheat cultivation is somewhat more extensive than the
average of years. Such being the case, it is important to
arrive at a correct estimate as to the probable yield per
acre, and the quality of the crop. And here an element
-if great uncertainty enters into our calculations, the whole
of which may be falsified by a treacherous change in the
weather between this harvest, or by a stormy carrying
time. All things being favourable, however, we see
,ittle reason to expect anything snore than an average
yield as to quantity, and, so far as our experience
of the present growth goes, we shall be surprised if that
be attained. Doubtless, some very good ears, grown on
well drained and highly-farmed land, have been exhibited
in Mark-lane, but no inconsiderable portion is poor in the
ear, and leads to the belief that the sudden transition
from the cold and damp atmosphere of May and June to
the really considerable degree of heat since experienced was
too severe for the plant, so that the rapid ripening has
brought the ears to too early maturity, thereby preventing
a proper and steady development of the grains.
We shall be glad if these views prove incorrect, but so
far as present appearances go, it seems to us that, not-
withstanding any decline that may take place in the stocks
being replenished by the reaping of the harvest,
there is no little reason for considerable firmness in prices,
►nd the question that suggests itself to our mind in con-
nection with the trade is, not what is the probable extent
of the decline, but how far should the recent advance be
maintained. And if the consideration of the home
trade lead us to this conclusion, a review of the
foreign trade will confirm our opinion. It is true
that large supplies of produce are on their way from
America, but the stocks available for export in the United
States are really not large, and some time must elapse
before any further considerable shipments can be made.
From the South of Europe our supplies will probably be
heavy, but they will not be immediately available, and
cannot yet affect prices in any important degree. From
the Baltic ports our receipts are likely to be limited,
although they will not be so much curtailed as was at one
time anticipated.

The Ministerial Whitebait Dinner will for this
year to in abeyance, on account of the Prime Mir Aster's in-
disposition.

Rumours are afloat, says thw that
Ar. Gladstone has offered the Deanery 4 -Durham to
the Rev. H. Parry Liddon, of Christ Church, Oxford. Mr.
Liddon is one of the most brilliant preachers in the Church
of England.

The British Archaeological Association will hold
their twenty-sixth annual meeting at St. Albans this week.
To-day there will be an open meeting at the Town-
ball, when the president, Lord Lytton, will deliver an in-
augural address.

The London Scotsman says that the health
of Mr. George MacDonald has considerably improved.
His recovery has been rapid since he went to Buxton, and ho
is now able to walk about, as well as to resume in a limited
measure his literary avocations.

On Friday afternoon, while Lieutenant Prince
Arthur was out on Woolwich Common with the "B" Bat-
tery, 4th Brigade of Royal Artillery, to which hia Royal
Highness is attached, he met with a slight accident.:
The Prince rides a spirited horse, and while standing:
at ease it became restive. The horse made a sudden
plunge and his Royal Highness was jerked out of the saddlel
to the ground. Fortunately his Royal Highness received.
no injuries, and was on his feet again in a moment, laughing'
heartily. The horse was taken back to the Prince, whu
nain mounted and completed his duties.

The West India mail brings further intelligenco
concerning the revolution in Hayti. Salnave was, at last ac-
counts, still before Aux Cayes in his great fleet of two small
ships, occasionally discharging three or four shots against
.he place, which served no other purpose than to remind
'he inhabitants of his presence. Torbeck, a small village
'u the vicinity, had been taken, but retained only for-a few
hours, the Government soldiers being driven out by the in-
habitants, who unfortunately lost one of their principal &-
condors. On the capture of the place General Al.indron was
surprised and taken prisoner, his head chopped off, and
tarried upon a pole as a trophy to Salnave.

The system of imposing fines for drunkenness re
cently introduced in the military service on the recommen
dation of the Courts-Martial Commission has, up to the,
present time, been attended with the most satisfactory re-;
sults, the experience of the working of the system at:
Chatham, one of the largest of the military stations,'
having fully demonstrated its advantages as corn-
pared with the former method of treating the
crime of drunkenness. Drunkenness among the
troops at Chatham is decidedly on the decrease. Taking
one of the depot battalions, composed of several hundred
men as an example, it has been ascertained that the Enos
imposed for drunkenness during the past month amounted
to only a few shillings, while in another battalion the total,
of the fines during the same period was under a sovereign
and in the corps of Royal Engineers, which is very strong
in numbers, the amount of fines was only a very little more.
I) tm v ILLE and CO., Belfast, are the largest
holders of Whisky in the world. Their Old Irish Whisky is re-
commended by the medical profession in preference to French
Brandy. Supplied in casks and cases for home use or exporta-
tion Quotations on application to Messrs. Dunville and Co
Belfast; Cr 4, Beaufort-buildings,Strand, London, W,C.—[Ad
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