Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-11-30
TIE FOREIGN GRAIN MARKET.


(From the London Correspondence Of The NJ T. CoHT'T
AS for time past, the markets oil ibis coai.
try and of all The European States continue ~ DC '"'
almost all absorbing subject Of attention ~ me u
tile and political world, the harvest is now determine"
be fully iIih deficient in quality TO the crops u y.
binary years; and this unfortunate s'ale " nm
tends oirussa, the Southern provinces OF IeieGI
generally to all the Baltic States. ne gr and p,I,nd
s r. 10 " p'Iii,y OF carrying the population
,Ln 10 The yctod OF the harvest OF The ensuing
year; Tor The consequences ol Inc oeec"fe ns -, a..
considered to be much more disastrous III 'h"Se 'o'
coun,,ies than in En- gland Scotland where, however
Inc p,osnec;s Of The manufacturing population a. 'n''
narod are Of the goomiesi Grsc Pli"n arising from me
high price Of every article O! food ne aVe'age r,C'
Of wheat have been lower, undoubtedly, since the week
when The duty was reduced TO shilling per quarter,
and when consequently tie whole stock vi bonded corn
limited as it was thrown upon s market bnt lie
price continues again steadily TO ascend. NJ P'"c'pd'
article in demand is old aud sound grain OF every De
scp,on as the whole 81 the English crop OF wheat, win
the exception of that Of Kent, and one or two olher
counties which lie upon the warm chalk OF the southern
coast is Of quality which scarcely can De gIouhu "'oHc
into marketable -four. The quantity required Tor Inc
reed of The ensuing cro? will almost exhaust the whoe
remaining s,ack Of sound old English and Dan'zc
wheat and under thesc circumstances II becomes aPpa
rent how valuable property the SOUND ana university
excellent wheat the hares, Of the Union Of the pres
cnt year will probably become in The course oil lew
months from the present time.
The srccu!a,iors in flour fer shipment TO Europe,
noticed the papers received ny bItut 'tsVi"
steam ship may probably lie rather premature Tor The
duty spun -four is now l2s Sd per barrel Of the lyO lbs;
but should the averages ascend again 10 the extent
which is almost inevitable from the whole state OF al
fairs then the duty will again decline, and may indeed,
become reduced 10 nothing as existing lew weeks
since. The real Of The averages being at this
time reduced is the inferior quality Of new grain
and The quantity OF the old and we'll conditioned corn
which enters into the whole weekly sales, is too SMALL
that the higher yaGe siulld counlebalance the low
prices Of the greater proportions OF the whole weekly
sales which, by the system OF the corn laws, create
the averages Of the week AS the quality Of the
new wheat Improves by the grain becoming harder
by age, the prices will unGuesonably be higher, and
the duty lower; and in that event, the -four OF the
United States will probably come into this market with
saving OF The whole Of the duty Of IS per barrel which
must be pad upon importations 10 be consumed at The
present time But the small quantity which has already
arrived and any which may be on the way. uay be very
safely bonded in the Engsh ports without fear that u
lmatey, there will not be opportunity OF clearing
under circumstances Of much advantageous kind
But the true probability is here conjcctured TO be- that
beyond the supply he home consumption OF The Union
and of the West Indies and The South American Slalcs
you will, in reality, have substantial surplus for ez
pnr,alon this market; and the principal purposes for
which these views may he useful To lead TO deduc
items to the mercantile and political prospects OF Eng
land, and OF Europe generally, from the very gloomy
prospects with respect the article Of inod and also TO
show that in planting for Tie ensuing year. the farmers
Of the u S. scarcely go 10 in converting
the utmost practicable portion Of their lands 10 the cu
,vation Of wheat and Of bread stuts of every Kind