The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-05-30
THE GRAIN MARKET IN ENGLAND.

The following extract Of letter from expert
enced and highly respectable house in Liverpool re-
ceived per Acadia gives more full information on
this subject than we have seen elsewhere.-Phiaa
U. S, Gazette.
'Our Grain market has for some time been in a
dull and unsettled state, owing to the intended change
in the Corn Laws The consumption of grain has been
much circumscribed by the pressure of the times de-
prving our manufacturing population OF the means #
purchasing their usual quantity of food the prices of
free Wheat, in consequence, experienced some de-
cline, which, together with the low quality of the
Wheat brought to market, caused considerable de-
cline in the averages, and, instead of fall had
been confidently predicted, corresponding advance
in the duties until the duty on Wheat under the old
law arrived at 27s. Sd. per quarter We also reccy-
ed large supply of Wheat from the Mediterranean,
and of Flour from the United States and from Cana
da increasing our stock of bonded Wheat in the
Kingdom to upwards of 100000 quarters, and of
bonded Flour to upwards of 100000 barrels. Bond
ed Wheat and Flour, therefore, became objects of
less attention. and the prices of both declined 1t is
impossible to arrive at the extent of the stock of
Wheat held by our farmers many are of opinion
that il is light, and that, Notwithstanding our dimn
ished consumption, all the foreign supplies we are
likely to receive, which not expected to be large
together with the Wheat and Flour in bond, will be
required before the next harvest.
This eplnion which is however by no means gene
raj sustains the market, and holders have shown
lrmness the prices oil bonded wheat ana Hour nave
again advanced 10 where they were at the commence
men of the year. the former having been sold at 5s
and Us I'D per bushe of 10lbs, and the latter at 27s
2Ss Cd per Dbl As reducing the duties, it is GER
tainly improvement on the old one; but the prin-
cipe of it is genera ly objected to- mbodying the
sliding scale. 1t is probable that the far ners wheat,
which will hereafter be offered for SALE will be OF bet
ter quality and that the averages advancing, the duty
will aga fall that holders of bonded wheat and
-four will probably, not at once release their stocks,
but that they will meet the demand and pay duty
such quantities as they are enabled to sell. There is
a prospect of an improvement in the demand still
any material advance in the prices very doubtful.
There is quotation for Indian corn in bond, there
having been transactions duty paid is in limited
request at 3ls 42s per quarter United States free
wheat 9s Sd 9s l0d per bushel of 70 lbs flee -four
sweet, 36s BIS, and 30s 30s cd per barre.
Canadian wheat, free IS Cd a IS I'd per bushe of
20 lbs. Do flour, sweet, 36s BIS, 29s Cd 30s
per Dbl The duty on Canadian wheat is 5s per
quarter, and on -four IS per Dbl 1t quite too early
to speculate, the prospect of the ensuing crops
and we can only observe that we have had very ia
vorabe time for the sowing of spring corn, and that
up TO this tme-the crops look well.