New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-06-20

LONDON, June Cd 1886
e,,e We las, bad the pleasure address you on the
d nlpo the Corn BIZ has passed the third reading Ia
,ss House of Commons by majority Of 90, and has
~, r.,d second time In the House of Lords with
,oy A.; there is therefore litte doubt thati, will
VOC mass Into law and II stands for committal the
ib inst IL is expected 10 into operation about the
18Th or 18th oil June
The advance which had taken place in the value of
Ensl.h wheat in April owing the delay with the Corn
nm bss been entirely lost during the past month The
,foc in prices being fully IS per quarter since the lst
Nav and certificates have fallen the same extent
For tbe moment the Corn Trade is quite paraiy zed; still
When the law Is passed expect good sale tor
rb,. as all parties for the last three months owing TO
The uncertainty have been Keeping out OF the market
much as poss ibe aud stocks in dealers an consuners
hands never known TO be SO light; tits thought
,rslore thar all the bonded Corn in the country will be
,o.ired for our consumption. leaving us in October
with very ralpg stocks; but the price At which II will
sell depend. very much on the weather. for with fine
prospects, would as hitherto, keep them
,sveb low In stock possible while with any fears
for the result of the harvest. the quantity now in bond
would be found insufficient for the demand for time:
bu, as under the Bill corn will always be admUrd
al moderate duties canuot expect, under ordinary
circumstances any very high range of prices unless We
s,, bad harvest of which there present pros
Iect the weather during the past month has been
every thing the farmers could desire, and the wheat
plant has quite recovered from lts scky appearance IN
April.
There is no doubt that the delay which the Corn Bill
hss experienced since its 81 introduction has been the
OF great embarrassment in the trade and has up
tst Tire calculations OF those Interested 10 IT, dAo II
passed a month ago il would have allowed time TO
have gradually disposed of the stock of bonded corn
but The period before harvest is narrowed that
the prospect its result have material inhu
prices That foreign wheat required we thinS
has brrn fully proved by the price OF Certificates the last
months snd moth ~thstsudng the almost certainty
that the Bill will now pass farmers delivering are falling
weekly, the quantity returned hoid in the United
Kingdom l1- week, being 30 per cent less than the pre-
eedrg so per less Than WAS AT The close OF
5; this leads therefore To conclude that taking the
cuuuiTy generally. the growers bold much lees wheat
h.n usual IL is farther be remarked thst large
oasuy of farnsceous food will be required in Ireland
curing the three months untl the ne" potatoes
in. from the present scarcity and high prices OF
that article there All circumstances considered nj
though temporary depression IN the value OF bonded
wheat may it's fret reesse, we do not look for
sy serious decline from present prices on this side har
il is about l0s per quarter below English.
and should the price of British wheat fall below
Ns the duty under the law would advance &c II I'M
der fs TO the bighes OF los per quarter; shou
he law pass before the 25h nst the duty will be 4s
per quarter the general average will not In all prooa-
bliip thi below rs. previously To that date.
The demand for indian Corn had been so lively during
The last week owing doubt 10 the dealers having
supplied themselves freely month but ms This article
spears be gaining favor Ireland. expect the trade
Hinprove again ere lng-its present value is 34s 36s
per for Yellow and 3ss for White in bond tho spot
eu cagoes expected TO arrive in July would not bring
more than SOS 3ls per cost freight and insurance
Oats which for time pas; have been too high in
proportion other articles have been lately declining.
,Id appear likely 10 be still lower.
The few sales lately made Of bonded Wheat have been
nahout tss Ats per or for fine Black Sea qualities Sos
sssfor Da zc aud As Sis for Ros;ock and Pomeranean
American Wheat is nominaly worth Sos per ar and Flour
"a 10 25s per Dbl In boud. No Canadian Flour is held
mere the nrst arrivals OF new are expected 10 bring 2ss
aos per bbl.
Stock OF Grain and Flour In the United Kingdom 5th
May 1876; Wheat 1889 $685. Barley, 92572; Oats, l27.-
us Beans Saso3: Peas, ls,347; Rye, 3i Maize TO-
sS5 qs; Flour, All cwt