The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-05-19


The Corn Trade OF Europe.
From the Mark Lane Express, May 81
The weather has the whole been favorable during
fallen parts Of the kingdom; stii the tsmpsrs
ture remains low for the advanced period Of the year.
and the reports from the principal agricultural districts
describe the wheat plant as very backward. few
weeks Of really weather would however, In all
probability suce matters right In this respect
and happy say that there 1T present nothing
IN regard to ss
nate that such IL the for under existing
country In dreadful position. That the quantity Of
grain remaining In the hands of the farmers extremely
short can no longer be qusstonsd every day frnshss
whether they show tendency to decline, increase
taxes place In the deliveries from the growers and
STOCKS are 30 far reduced to render the holders nd
erent about realizing. We have on former occasions
sed to think that there not this year be that In
crease in the deliveries which usually takes place mme
we merely draw ira. s ssn 20 the
fact that with inducement supply the marksts
the week has hardly for the demsn6
contr acted the latter has In Of
should probably have experienced consdsrsbis r.so
ton In the wheat trade, a. the general state Of
put total stop to ali speculative investments The
stringent measures adopted BY tho Bank have evidently
been in great directed against speculation
and they have In 80 far succeeded for all parties
nected with the trade have been rendered
dnariy cautious declining to buy than absolutely
necessary This has naturally tended to impart some
what languid tone to business Owing however to the
almost total exhaustion OF the granared stocks
sion has been produced prices by the scarcity and
high interest Of money Liverpool is nearly tho only
market in the kingdom in which quotations have given
way and even there the fall has been unimportant On
Tuesday wheat Sd 10 lbs cheaper port than
that day sennight and the best brands Of American
Hour procurabe 4Os per Dbl subsequently the
demand for both articles revived and on
beiu than ofadQ tn
higher than on Tuesday. Hitherto tho weather has
had comparatively little Influence, but are sp-
preaching period of the year whom its character will
have much to do with the fluctuations in prices; still
question whether the most suspicious weather will hsve
the effect OF reducing quotations materially unless 90
sompaned by large foreign supplies.
The rather subdued tone ofthe advicss the south
at the chief markets in Scotland but there other
parts of the kingdom the receipts from the have
Neither Mt Edinburg Glasgow was wheat quoted
lower on Wednesday whilst barley and oats commanded
enhanced rates at both places
From Ireland the accounts are Of much the same
character this the preceding week There still
markets, which had had more less effect the value
of all other sorts Of grain and though the deliveries
the farmers had been very rinng neither wheat
had risen
We have again to report very small supply Of wheat
ofhome growth into London the arrival coastwse up
this Saturday evening has amounted to only Qs
and the quantity which has been exhibited ut Mark
Lane by landcarrage samples from the homo counties
has been equally small On Wednesday the show
the Essex, Kent and Suffolk stands consisted Of few
left from Monday which the millsrs expected
to buy rates. this however they were disap
pointed factors refusing to make the slightest oonces
sion and needy buyers had therefore, alternative but
to the rates current in the beginning Of the week
On Friday tho demand active, and In partial
instances rather higher prices were obtained owing,
however to the trfng nature OF the supply the
tons a restricted scale. The almost complete
exhaustion of the stocks Of foreign wheat in gransry
this port and the inferior quality Of the little remaining
have prevented extensive transactions indeed business
has been nearly confined to parcels recently received
These, particularly the finer sorts Of Baltic red, the
growth Of lsa6, have been In request for shipment to
France and Holland and the town mnsrs having also
been the lookout to the best descriptions
Mondays quotations have been fully supported indeed
it somewhat difficult TO purchase easy terms
Friday rs at the commencement Of the week.
The late advance in the price Of town made -four has
been very unwlngy paid by the bakers and the
in the article has throughout the week been excessively
dull Ship -four has also moved Of slowly, and even
American though offered relatively cheaper than hour
Of home manufacture has excited less attention than
might have been expected. On "Wednesday the best
brands Of the latter offered at I0s to Ais per bh
but Friday there not many sellers willing TO
accept the rates named
English barley has sparingly to hand, and the
supplies this grain from abroad have mode
rate this than the preceding week Fine mating quail
ties have, in consequence Of their extreme scarcity,
brought high terms, notwithstanding the advanced
Rod Of the Secondary sorts have likewise been
in fair request partly, believe for shipment coast
wise to the Westward and the enhancement Of Monday
last has been we'll maintained
THE transactions In malt havc been rather retail
SCALE stocks being however light and the supplies hav
ing been small the value Of the article has shown ten
dency to advance.
LtIn Including quarters from abroad, the total
val Of oats has amounted to only 6s2s quarter Our
arop appears to be nearly exhausted tho receipts
coastwise for the last eight days having only reached
81 qrs the remaining $50 qrs. being from Ireland
The principal dealers who bought rather largely about
fortnight ago appear to have still sufficient on hand
immediate use, aud have therefore acted the
Of late The want Of activity in the demand has
however, had influence on prices and owing to the
moderate quantity on the market, and the impro
liability OF speedy arrivals Of any moment dis
posed think quotations will advance rather than
recede On Friday the trade was characterized by in
AL Arm nd II ~ a
bished, the turn was decidedly against the buyer.
English beans have been In fair request since Mon.
day, and the quantity brought forward having been
trihing rather enhanced terms have been realised
Egyptian have also been inquired for and in
Is per or. more has been paid for fine quality.
white peas nothing Of interest has transpired grey
aud naples been taken at fully Mondays currency
Rye has also been bought for the same destination
well for Antwerp and Hamburg, at bes to sos per
There has not been much doing in Indian corn, not
withstanding which holders have rather raised their
pretcnsions.
The reports from the northern and eastern parts
Europe OF very exciting character this week and
appears evident that the scarcity Of food 10
great In many parts OF tho continent In Ireland
From Danzg learn under date Of oath OF ApSn that
wheat Of fine quality had been actually sold nj equal 70
rs per quarter board and that many holders
had decped selling at that price II said that the
sending OF spring from Poland down the Vistuia
had boen prohibited and all articles on
,he mot were outc tring very high rates had been
demanded. Rye had brought prices equal to oOs Per
quarter, free on board for local consumptioni and
The accounts from Konigsbcrg are Of n similar cha
racter and at Rosock StettD and other places In the
Baltic the excitement appears to have been to the full
as great ss at DanEg Our letters from Rostock reach
to the April and inform that equal TO 7ss to s0s
per ar had been asked and In cases realized for
good qualities Of red wheat; and at stettn the same
day 90 lbs Pomersniap and Silcsan wheat was held at
75s per or free on board.
At Hamburg quotations higher on Tuesday
than Of the places already referred TO- say
els to for Mark and upland red wheat and 70s to
7ps for Lower Baltic qualities Barley had also risen
mn riaIIv here Ma havip bpen
Danish on the spot; whilst small lot OF me fngnsn
rye had realized the extraordinary hgh prcs vi 'eS
pei quarter. .o.u. ..,,,.u.,
IRON Holland and Belgium quotations come equsny
high; and in some parts Of FRANCE wheat 70
have risen higher than at any former psrou from
Dunkirk we have n letter dated 10th OF April from
which II appears that superior white wheat Of % ios
weight per busbe was worth there ~ TO os francs per
hsn,,re eouaI TO gss per Or and for some Lincoln
shire white g5s TO had been paid AZ Marscilits
howsvcr wheat had according to the mort recent ac-
, t.,Ien materially in value, the continued large
arrivals from the Black sea- with a decrease "a tne