Democratic banner., 1847-05-31
FOREIGN MARKETS.
{ Journal please copy

LONDON, May 3.-During the create,
part Of the past month, the weather ha.
been extremely unpropitious for the grow
ing crops-precluding any hope of an early
harvest-which, coupled with the exten'
sive purchases for foreign account; ha:
caused a considerable advance in Bread,
stufs. All other articles of food have alst
been in good demand, from the insuffcicnc,
Of supplies to meet the growing wants Of
this country.
In other produce, however, We have tc
note a considerable reduction in value, a.
rising from the extraordinary ~Stringency Of
the money market, and general want Of
confidence produced by the operations Of
the Bank to check speculation and preserve
its bullion.
W. report orr markets as follows:
Grain and Flour must be noted much
dearer than on the Sd ult, having quite re-
sisted the pressure for money, which has
effected many other descriptions ofproduce.
from which we infer that the greater part of
the foreign supplies have already gone in
TO consumption. Whether when the moth
era ports Of Europe are open TO us, any
reduction will take place in the price OF
breadstufFs, is yet uncertain; but the gen.
cral opinion is, that this country will require
the assistance of the whole world TO make
good the deficiency Of food, caused chiefly
from the loss Of the potatoe- crops, vaIiously
estimated as equal 10 eight or ten millions
quarters of wheat, and which way also be
further more seriously felt as the year ad-
vances; for the harvest Of 1876 was gath
cred nearly a month earlier than the aver
age, anu will probably this year fall one
month later, it follows that the requirements
for the current year will be to supply II
months consumption. Wheat is in conse-
qucnce selling at full los, per quarter, and
-four IS, per barrel above our last quota.
tions.
LIVERPOOL, May Al have just time
this morning to inform you that in Lon
don, yesterday, there was much excitement
in Market Lane, purchasers having appear,
ed from the Continent, causing an advance
of3 a As. w. c. flour sold freely at ass
every thing that was offered was cleared oil
more buyers than sellers. Belgium i:
described as being in a terrible state, anC
Indian corn is purchased at an advance Of
IS per quarter, to go there. We shall see
very high prices before harvest.
LONDON. May 3d-NIy circular wen
to press late on Saturday evening, lst inst
To-day, -four is 2 a IS higher, and wheat 8:
per quarter higher than quoted. We now
quote U. S. flour at AIS; 55s has since beer
refused, and I6s is now asked. Best house,
hold, in sacks, has risen to-day &c lbs pei
sack delivered, equal to 52s cd per Dbl, Oh
nearly so. Corn meal % a 29j. think il
will share. in the rise, as wheat and -four
will become so high that the poor in En-,
gland cannot afford to buy it, and will have
to take to Indian corn, which will increase
the consumption and value. l should moi
be surprised to see il go to 70s again
Wheat SO a Cos, for white and red, with
sales.
NEW YORK, May l9, 7P. M.-There
has not been any considerable movement in
-four in this market, and prices have not
improved since yesterday. The sales of
Genesee to-day, were at IS 25 a SO 81 Ia
per Dbl.
OF Corn, prime yellow sold at lO4c. per
bushel.
A demand has sprung up for Beef at ad-
vanced prices. Sales old mess to-day, Sic
II IA.
BOSTON, May 18th, 6p. M.-The supply
ofhour in this market is still small, and since
the Britannia's news prices have gone up
largely. To-day, sales western at 80 pei
Dbl.