Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1838-09-26
From the N. X. Express ofscptembeI u
THE BRITISH GRAIN MARKET

THE BRITISH GRAIN MARKET
AS even our American eyes contin-
nc fixed upon the crops Of the oid
World, every fact becomes OF lmpof-
lance but, in the conflicting state
ments. il is difficult 10 judge what facts
are. A writer in the London Morn
ing Chronicle represents "the new
crop of wheat in every quarter, to be
deficient. more or less and in some
districts Of Wales and Scotland so We
nv backward that i. probably will not
be reaped at ALL" /" Why," he ex-
claims, "the crop Of last year is no"
so nearly exhausted that, before four
teen days are over, there will DC a du-
ty paid in many parts OF the western
district Of the country from sheer ne
ces,ity, to keep the mills going; and,
in all probability, before the new crop
is harvested in the south part OF the
kingdom, all the bonded corn in the
United Kingdom will be consumed.
ave hayo not secured" he adds,
"more than 400, 900 quarters of wheat
on the Continent, which with our bonG-
cd stock, will make up about one mil.
ion oil quarters, quantity which would
not keep England sor one month" He
is decidedly ofopinon that if the har-
vest be delayed ono month longer there
! will be partial famine in many dis
tricts of England, Ireland, and Scot
land.
Per contra to all this, another wri-
ter in another paper says " Inc
wheat crop in this country, and indeed
| in the whole south and west Of England
| never looked cleaner or better. 1t IS
true that, from the heavy effects OF the
late severe winter, it is thinner than
could have been wished for; but then
the straw is abundantly fine, and from
the extraordinary Improvement IN Its
appearance and growth arising from
the very genial weather OF the past
three months, it is anticipated that 1t
will yield an average crop within a
sixteenth or that the total deficiency
for all England will be about three
millions of quarters. 70 meet this we
have 100000 quarters offoreign wheat
in bond, the whole Of which, from the
lessened import duty, now los. sd.
will be brought into home consump-
ton and more than this, throughout
the country the crops of barley and
oats were never exceeded anu rs the
prices Of these must be materially re-
duced, such deduction will greatly les
sen the consumption Of wheat and corn
Large imporiations Of foreign wheat
are also on order, and in expectation
of early delivery the whole Of which
will come into use as the duty will yet
decline, owing to the late high priced
averages of the aggregate markets.
Accounts from all quarters concur IN
the crops of potatoes to
be abundant"
From statements so conflicting, we
must guess at the truth. We see that
the duty on foreign wheat is falling,
and with prospect Of but one shilling
per quarter duty. There is an adj
vance in the Liverpool market of Cd.
to Is. per 70lbs. All this indicates
scarcity but this may be accounted
for by the late harvest and the small
stock on hand, which is undoubtedly
very light--as light as it is in this
country. Wheat bonded has advanced
from Is. to Is. Cd. Flour has advan-
ced 6s. per barrel. United States
sour flour brings 40S.
The same paper Of later date
speaking Of the Flour market says: -
1T will be seen that the spirit of
speculation had not subsidized. Flour
the great trading article, has risen to
$3.50 being nearly half dollar be-
yond the prices Of yesterday. All de-
scriptons of bread stuifs are very firm,
and the recent advance fully establish
ed. Since the last news from Havre,
ashes have improved, and cotton is
quick. The money market is very a.
bundant; yet notwithstanding this and
the general activity in the grain market
stocks decline. All the Fancies have
been falling since Inc commencement
of the week.
The King of the French has issued
an ordinance prohibiting the export OF
bread stuffs from the ports of France.
This is an important symptom. The
N. York Express gives the following as
Thursdays sales of produce
Flour has taken another jumpto day.
Early in the morning all the scattering
small lots that could be picked up at
1925 and 9,37 were taken, when the
price rose to $50, at which 1000 bbls.
were sold and the holders generally
declined further sales.
Corn-steady sales at 1882 cents.
Rye-veSy firm at lIoa cents.
SICKNESS AT KNOXVILLE, Tenn