New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-02-11
The Corn Trade.
Frgm q. Mark.. Ia,s EIpr..,


The value OF Wheat has nsen day by day. Tor
many weeks consecutiyely without single pause, and
prices have now attained altitude calculated 70 in
duce caution the part Of bayers Prudent radesmen
consider speculative investments al present raes hsz
arious and parties who purcha3e only IN tue regular
way Of business are gradually restricting their opera
tons being generally unwilling % take more tnAn Just
sufficient TO keep their customers supplied when al
iars arrive III this position, reaction usually follows
but owing T. the peculiar circumstances Oh the present
season greatly doubt whether such Will % TINS ia
stance. prove the case.
The sct tina, large shipments Of grain continue TO BE-
made from England 10 Ireland from winch country, IN
he ordinary OF events are Ia me haDit Oh
drawing a considerable proportion Ut our suppies-s
alone sufficient upset al previously conceived nonohs
But the sngulary OF our position does not end mere
The loss OF the potato crop IN Ireland ana 'e eon,e
Quent necessity OF feeding several millions OF people
not generally the habit OF consuming grain on 90 eS
pensiye a substitute is certainly one very powerful rea
for concluding that prices cannot well recede out
when 10 this 10 added the present state oil France and
other continental countries where the crops ~ Corn
have proved SO short 10 Obge the different govern
ments to have recourse 10 snch eNpediens As nose
lately adopted by the Frenchirst Altering The nayiga-
ton laws 10 encourage importation by admitting Flour
under hags OF sl nations and subsequently taxing on
the duties of grain sltoge,her-ihere are certainly
grounds 10 sppreheBd that . Will BE- necessary 70 pay
cry high prices abroad 10 induce our eonunehis
b,- m mart with commodity they stand IN such urgent
nee, OF themselves
spring hOud prove eAtraofdlhAiy lIvPi'.o"' an ~
arrivals rom the other side Of the Ananuc more tx
ensiye thar we have reason calculate on the value
Of all kinds - food will remain high ~ to Tue next
harvest The tisde IN Wheat has not been quite go tx
cited this the preceding week tue very high terms
demanded having sad he effect stated above, OF
causing al parties 10 exercise more than usual prudence
/ in their operations Bet notwithstanding somewhat
diminished demand the tendency 10 prices has been
steadily upward in proof Of which We shall quote the
advance realized at some Of the leading provincial mar
kets.
/ Al Liverpool on Tuesday there good attend
ance OF buyers from the manufacturing districts and
from Ireland and the quantity Of Wheat sale being
moderate rates I'd per 10 b. or - % per quarter above
those Of that day might, were obtained without Dun
Guilty Later in the week farther enhancement oil "a
10 % per ~ 10. established several parcels having
been taken on Friday by Spectators al the rise last
named.
The reports from the leading towns In Yorkshire In.
form that business ia Wheat had been more or less
checked by the advance sui needy buyers had had nc
alternative aud had been under the necessity OF paying
the terms demanded. At Leeds the article was, on
Tuesd.y quoted 3 10 % per quarter higher and al
Hull on the same day, the rise was nearly as great
From Wakefield learn that tOlerable extent OF ba
.ness was done there Friday Ia Wheat al prices "a
per quarter above those Of that dsy week
At Birmingham Bristol and other towns In that diree
non the upward movement mas been equally important
sfhouzh purchasers have declined taxing more tnan
has been absolutely necessary ~ supply thsir mme94s
wants Ia the foregoing observations We nave confined
our remarks almost exclusively 10 w neal Ott we LSeu
srsrc.y .tae that al other articles have participated 10
the rse barley has in many paris 0i me country so1
Al the unusually high rates OF oJs 10 Us per quarter
according 70 quality and the scarcity OF Oats has now
become 40 zrest that farmers have refused 70 sci tnis
rr.u Altogether being well aware that II they were 10
5.rt with the little they may s hold they would alter
ward have 10 pay relatively higher prices 10 f'eafe
food for their stock. .
The siyices from scotland OF asimar 10
the rcuorts from other parts OF the kingdom NC only
Whez but all species Of Corn "a rapidly ri'ins tnere
and n = certzn that supplies Of Oats he staple art
&c a. .hiumen 10 the SOUTH can be expected hst aT
80 heing worth quite a. much If rot more, Of Edinburgh
than Ia the London market
Tbe account. from Ireland become, rom day 70 day
more a ,tre.sng and the temporary decline when a
srrvs Of Indian Corn caused ast week bad again
- recovered the supply having proved inadequate to
he semand y.7th the people starving IN many part
- 49, t.I.us shipneus OF provisions thence 10 knzand
IT, .,-,~ni. OF English Whest into London have
-. moderate the high range OF prices 81 Liver
nori ara other northern markets having caused ne
b,,urs ON the east 10 direct their conslsnments
;, ibo nIacss rather than TO tie metropolis The guam
80, broust forward AZ Marx lane BY and-esrsge sam
-. s-,r, the home counties since Monday has also
-, srn.n- .rd the nillsrs wants having again be
800 Int Increased anxiety to get into stock has
s- r,.nies,ed by buyers The few lots left over On
uo.s.xuripcipaily from Essex and hens-vere easily
placed on "Wednesday al rates ranef exeeedng tnose
aht.ined In the beginning Of TIE week On fnfsy fac
Tors arsu raised their pretensons snicn checked ne
semsrd bu, having scarcely anything fresh up needy