The Sun.
London, England, 1845-11-01 00:00:00

TILE CORN TRADE.
(From the MaeJa-lane Express.)
The fine weather experi.enced during the past fortnight
bas in some measure allr4red the uneasiness previously felt
'respecting the fate of tliat portion of the crop so long exposed
In the fields, and w` thin the last eight days harvest opera-
pions havtitain 'oedh resumed. That all the corn not secured
revious t e 13th of September must have been materially
fnjured by e almost constant wet weather which prevailed
reom that time till the termination of the first week in the
ipreeent month, is greatly to be feared, and though the grain
=nay, under the improved aspect of affairs, be carried in
rather better order than appeared probable a fortnight ago,
OA
it is much to be apprehended that the result of the har-
vest will prove even worse in the northern parts of the king-
dom, than is unfortunately the case in the southern districts.
its yet, little can be known as to the extent of the deficiency
In the more backward parts; but, judging from the almost
%universal complaints of the yield from those counties where
ea comparatively good return was expected, there is too much
reason to conclude that the total growth of wheat will this
-year fall very far short of that of average seasons. The trade
lb the article has, nevertheless, lost some portion of the ani-
mation by which it has of late been characterized, not, we
believe; from any change of opinion respecting the deficiency
in the yield and quality of the crop, but owing to a somewhat
economise( consumption, in consequence of the very rapid
and material rise which has already taken place in the value
of bread stuffs. This is a perfectly natural state of affairs;
an advance of 15s. to 20s. per quarter in the space of a couple
sof months must, it may readily be conceived, cause many
Fellers to come forward, whilst parties having stocks on hand
)nay be expected to feel a disposition to work them up pretty
ctosely, before entering into fresh investments at so greatly
enhanced rates. Nothing has, however, transpired to allow
ass to hope that the reports of the defective nature of the
wheat crop have been in the slightest degree exaggerated;
inn the contrary, every day furnishes fresh evidence that the
7ield per acre, as well as the weight and quality, are to the
a 3 inferior as was at any time anticipated would be the
case. '
Relative to the failure of the potato crop, the complaints
have also become more and more serious ; we are therefore
inclined to think that the slight check which has this week
been given to the upward movement in prices will prove
only temporary, and are by no means inclined to alter in the
slightest the substance of our previously expressed opinion
regarding the probable range of the value of bread stuffs
later in the year. At the same time we must remark that
we deem it by no means unlikely that when farmers shall
have finished the autumn sowing, and have leisure for
threshing,' the deliveries may, for a period, exceed the quan-
tity immediately required, and by this means they may
cause a small decline in prices ; but knowing that we can
have no important supplies from abroad before late in the
spring, we feel pretty certain that quotations of wheat will
be higher in December and January next than they are at
present.
Considering the favourable opportunity which has been
afforded by the fine weather of the last fortnight for pre-
paring the land, the supplies from the growers have been
rather larger than might have been anticipated, and at
several of the leading provincial markets the quantity of
'wheat brought forward, has more than kept pace with the
uiry. Of spring corn en the other hand, the deliveries
been short, and an impetus having been given to the
demand for all articles suitable for feeding, in consequence
of the spread of the potato disease, barley and oats, as well
as beans and peas, have commanded advanced rates in all
parts of the kingdom.
We observe from some of our Scotch letters that a new
:source of uneasiness has sprung up in that country, viz. the
safety of the turnip crop. There are well authenticated re-
ports that this bulb has been attacked by worm to an extent
threatening materially to det.act from the produce; but as
these complaints apply only to a particular district, we trust
the mischief will prove of a local character. The potato
disorder, or murrain, as it is there termed, seems to be quite
as serious in the north as in the south, and the excitement
occasioned thereby had, by the latest advices, in no degree
abated. At Edinburgh, on Wednesday, all descriptions of
grain were in active request. The value of wheat under-
went Is further rise of 2s. per quarter. Barley was quoted ls.
to 2s. higher than on that day week, and a similar enhance-
ment took place in prices of oats, beans and peas. The ad-
vices from Glasgow of the same date are of an equally ex-
citing character, and quotations are now higher in the
northern than in the southern markets.
From Ireland the letters confirm to the fullest extent the
previous statement regarding the potato rot ; in many dis-
tricts which were supposed to have escaped, the disorder is
reported to have shown itself; in addition to which, a further
cause of uneasiness has arisen, owing to the manner in which
the potatoes, apparently sound when dug, had afterwards
gone off; this circumstance having given rise to a doubt
whether the seemingly healthy portion of the crop would
keep through the winter, holders of corn had refused to sell
'except at very high terms, and important as has been the re-
cent rise in prices in the English markets, the upward move-
ment on the other side of the Channel has more than kept
pace with the advance here.
The arrivals of wheat coastwise into London have amounted
'to 14,709 starters up to this (Saturday) evening; a large
proportion of the supply has gone direct to the millers, and
the quantity exhibited at Mark-lane has been quite moderate.
On Wednesday the show of samples consisted of a few runs
from Essex, Kent, and Suffolk, mostly of ordinary quality;
the millers were certainly less inclined to purchase than in the
beginning of the week, and some difficulty was experienced
in effecting sales at Monday's quotations. On Friday, how-
ever, the trade again resumed a more healthy tone, and the
little wheat offering was easily placed at former terms.
Foreign free wheat has throughout the week been saleable in
spell quantities at previous prices. Bonded parcels have
'been a good deal inquired for, but the exorbitant demands of
Id/tiers have tended to check business. On Friday there was
scarcely any kind of red wheat offered below 545. to 555., and
it was reported that 60s. per quarter had been offered for a
very superior sample of Rostock. Dantzic, of which there is
rather more than of other descriptions on the market, was
also held very high, and really good qualities could not have
been purchased lower than 58s. to 60s. per quarter.
The duty fell a step on Thursday ; the weekly average
pried for the kingdom, 58s. 3d., was not so high, however,
as expected ; the very inferior condition in which the new
wheat continues to come to hand is abundantly proved by
this return.
At none of the leading consuming towns is good wheat
obtainable at present much under 70s. per quarter; still the
general weekly average of the kingdom but little exceeds
58s. per quarter. That the duty must sooner or later fall to
a very low point is now deemed certain ; and with this pros-
pect there is little probability of any part of the bonded
stocks being for some time entered for home consumption.
The nominal top quotation of flour is now firmly fixed at
60s. per sack, and the bakers have paid the enhancement
more readily than is usually the case. Ship flour has also
been in good request, and has commanded very full terms.
American in bond has found takers at 305., and Canadian
free at 355. per barrel.
The market has been sparingly supplied with barley, and
having, in addition to a pretty active inquiry from the dis-
tillers and maltsters, experienced a speculative demand for
this article, factors have been enabled to realize enhanced
terms.
The recent advance in the value of malt has been well
supported, and from present appearances we deem a further
rise by no means improbable.
The arrivals of oats have fallen short materially of the
weekly consumption, and the continued unfavourable ac-
counts from all quarters relative to potatoes, rendering an
unusually large consumption of oatmeal probable, prices have
run up very rapidly. The sales made on Wednesday were
generally at ls. per quarter over Monday's currency, and on
Friday a further rise tofully the same extent was established.
Fine corn brought 355. per quarter on the latter day, common
new Irish sold at 305., and for foreign feed as much as 255.
to 265. per quarter was paid in bond.
Some very low returns from Wales caused the last general
ackrage to ba only 235. sd. per quarter; but there can be no
doubt that the recent important rise in prices must soon in-
fluence the returns sufficiently to occasion a fall in the duty.
Beans have come to hand sparingly, and the business done
in the article has been at rates not previously obtainable.
Peas have commanded prices nearly as high as those rea-
lised when the excitement caused by the export demand was
at its height—say 555. to 575. for white boilers, 545. to 58s.
for large blue, and 445. to 465. for maples.

THE FOREIGN CORN TRADE.

The prospect of Great Britain being likely to require a
supply of wheat, and the fact that the harvest has terminated
so unfavourably in Holland and Belgium as to induce the re-
spective Governments of those countries to admit grain free,
have, as may easily be conceived, caused prices in the Baltic
to rise materially ; indeed, at many of the ports from which,
if our wants should prove urgent, we must draw our supplies,
qmitations are actually higher than the prices of similar qua-
lities at Mark-lane.
The latest accounts from Dantzic are of the 18th of Oc-
tober, and inform us that, though little or nothing had
during the preceeding fortnight been brought for shipment to
either England or Holland, about 1,500 lasts had changed
hands on speculation, at very high terms. Really fine sam-
ples, the growth of 1842, had brought 565. to 575. ; mode-
rately good parcels of high-mixed 535. ; and inferior sorts
from 475. to 50s. per quarter free on board. When to these
rates we add freight, insurance, and other charges, it will be
seen that, high as/bonded wheat now is, fresh imports can-
not be profitably made unless the duty falls to a very low
poiht. The supplies of wheat into Dantzic from the inte-
rior had been small ; the qualities of the new wheat is no
longer so well spoken of as was the case immediately
after harvest. The few lots received had; however, met a
ready sale at terms quite equivalent to those at which old
wheat had been sold. Rye is reported to have turned out a
short crop in that neighbourhood, and fair parcels had
brought equal to 345. per quarter for local consumption.
At some of the lower Baltic ports supplies of new wheat
had, by the latest accounts, begun to arriveA farmers having
been iindueed to thrash early by the tempting prices.
At Stettin, on the 18th instant, there were a good many
parcels of new wheat offered, of capital quality, weighing
from 621 b. to 631 b. per bushel. The finest lots had been sold
without difficulty at 505., and new Uckermark, of 621 b. weight,
...4t 49s per quarter, free on board. Of old the stocks were
Tltogether exhausted.
The accounts from Rostock speak equally favourable re-
lative to the quality of the new wheat ; but, as but little had
been brought forward by the growers at the date of our last
letters, the transactions had been trifling.
At Hamburgh considerable excitement appears to have
"been caused by the continual advance in the English markets.
Our advices thence are of Tuesday last; all sorts of spring
corn, pulse, and wheat, were then in lively request. Of the
latter article several purchases had been made, it was said,
00 British account, at 51s. to 525. per quarter for good red
Upland wheat.
At the principal Dutch and Belgian markets the value of
wheat appears to have been well supported, notwithstanding
the remission of the duties. _

From the Mediterranean the reports are quite as lively as
tilbse from the Baltic, and wheat as risen as rapidly in that
quarter as in this country.
Letters from Leghorn, of the 14th instant, inform us that
rather important contracts had been closed there, partly on
British account. For the finest sorts of Polish, Odessa, and
Marianople, 425. per quarter had been paid, free on board ;
and secondary sorts had brought equally high terms. Egyp-
tian beans had also been in request, and as much as 265. 4d.
per quarter had been paid for fine new.

TUNNEL UNDER TUE CLYDE.—It has been pro-
posed to form a joint stock company for the purpose of con-
necting the north and south sides of the Clyde by means of
a tunngl. The point selected for this new undertaking is
that part of the river a little aboveGovan, at or near the lands
of Heatherby Hall ; and it is proposed to be formed with
approaches from Dumbarton-road on the north, and from
Govan-road on the south. The projectors contemplate a
large traffic through the tunnel, in passengers, goods, cattle,
carriNges, &c.—Scotch Reformers' Gazette.
A S,CHOOL FOR MAGISTRATES.—Mr. Hardwick, of
Marlborough-street, has been the first magistrate with sufficient jus-
tice and moral courage on his side to commit " a gentleman" to the
Mouse of Correction, for a brutal assault on a policeman and others—
very much, as it appeared, to the astonishment of the aforesaid gen
tlwt an, Illaom we can now fancy seated on the same ground with
-vulgar, permilcie misdemeanour, manipulating his oakum, hardly yet
recd l led to the fact that the force of money has, for once, failed
ny
him. e understand that Sir James Graham intends to Institute an
,ant school for magistrates, that they may be the better in.
,Wected. Mr. Hardwick will be appointed schoolmaster. It is te
tie h6Wed that Twyford, Greenwood. and other old boys we could
ame, will attend regularly, and profit by the lesson.; of their tee.
MU .
*row).