The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-20
The Corn Trade of Europe.

The health Of the squadron had improved much since
the Northers commenced blowing baltimore Amertcdn
The Corn Trade OF nurOpe.
From the Mark Lane Express Dec ~.
The year lsi7, now about to draw to close, will be
long remembered es Of almost unprecedented dis
asters In the commercial world We shall not pause to
consider whether the ruin which has overaken of
most extensive merchants has been caused by the
progress of free trade, the bank charter, other
legislative measures but that the importation Of food
to the value Of thirty millions OF pounds could not fail
to raise the value Of money and depreciats that Of
all other articles Is sefevident The agricul uriat,
have probably felt the effect of the money crisis less
than other class of people for though the harvest
of 1916 taking all kinds Of grain together, def
Client the binary high prices obtained for their
produce during the period the government were busy
deficiency in quantity subsequently, when the fall came
the had managed get pretty well out Of stock
precistion in prices. The future prospects OF the
farmer may also be considered as tolerahly cheerful
questionaby yielded abuudauty aud though he cannot
expect to reaze very high pices, the extra quantity
of produce will place him in very good position
That farmers are generally well OIL is shown by the
cautious manner in which they have, sinco harvest
brought forward supplies and as they are likely to
have the command of the market for some months to
come it is not improbable that they will during that
time BIS enabled to dispose of considerable proportion
of their wheat prices varying from to Cos per
Or, according to gu iity-no bad return when
sder the number of quart rs grown to the acre Ths
declaration made by Lord John Russell not long since
that it not the intention Of her Masstys Govern
ment to propose the further suspension Of the corn
laws after the LIST of March next is aso in of the
wishing agricultural friends happy year,
say that their prospects least bright
those of any other class of the community may
haps not be amss reprint the table of duties charge
able under the bill passed in May last and sub
join the table at foot Of this article The trade wheat
has throughout the week maintained very firm tone
and the tendency of prices has been decidedly upwards
AS yet the condition of the wheat of this years growth
has not been much benefited by the change Of weather
but should the frosty air continue few days longer
may expect material Improvement to be wrought
thereby in the quality of all kinds of new corn In stack
IL is probable that will when this occurs sup
ply the markets freely but as it is toeraby Ger
tain that further supplies OF foreign corn can
now reach till aft that period when the laws
shall again have come into operation increase in the
deliveries from the growers need mot necessarily be
companied by fall in prices. Owing to Christmas day
the markets usually held on Saturday have been held
out Of the regular circumstance which has
teriered more or less with busness still the
OF the week have been to fair extent and the advance
sponded to- prices having risen since then Is to Is
| Or. in most parts OF the kingdom.
The arrivals of wheat coastwise into London, have
The quantity exhibited at Marklane by land carriage
sample, from the home counties has tn. other hand
been quite unimportant; indeed, there scarcely
anything Offering, either on Wednesday Friday
Essex and Suffolk, and the show the Kent stands
consisted of the few left from Monday. At
the same time have had very thin attendance OF
buyers (as is not unusual immediately previous to
Chrismas), and small has been the supply, factors
have been unable to obtain advance the
| of Monday last few cargoes OF wheat have again
arrived from abroad the quantity reported within the
laet eight days has, however, amounted to only 905
qrs The demand for foreign wheat has at period of
the week been active the country inquiry having fallen
ngness add to their stocks to the
Holders have, nevertheless remained exceedingly
firm, and so far from showing any disposition to give
way have rather raised their preteusons usr,y
for the finer qualities, which have now becoms very
| scarce.
been rather restricted SCALE has country made
-four been Ia much request but the quotations of last
Monday have been steadily maintained Holders of the
finest brands of American have demanded rather more
money, which has checked The sale and the bargains
| closed have not been of much Importance.
The arrivals of barley of home have been good
since last but from abro I'd without receipts
considerabie proportion of Mondays supply having,
however, that occasion remained unsod, and the de-
mand having throughout been SLOW this grain has
very difficult of disposal Really fine mating qualities
have brought nearly former terms, but the common
certainly Is cheaper at the close than
in the commencement of the week. In foreign there
hss bsed little passing but good heavy grinding sorts
Malt has been influenced by the dull state of the
barley trade and the turn has been rather
| the buyer.
Though only 42a ars oats have come to hand coast
wise, aud 100 from Ireland the arrival Of rs S35 qrs
from abroad has kept the trade very dull and we can
| note improvement In the inquiry for this grain
Some quantity V known to be still passage from
continental ports to this Market and the dealers appear
determined to await the arrival Of this expected supply
Mean while the setting Ia Of winter will prevent further
shipments, and there Is not much prospect of the
supply from Ireland increasing disposed to think
that small advance on present rates is more likely than
The quantity Of English beans brought forward h as
proved fully equal to the demand and sales have
ceeded very slowly at the recently reduced terms The
operations In Egyptian beans have been retail
scale, and quotations have undergone change
The fall IN the temperature has caused white boiling
peas be rather sought for, and this artcls
quite as dear on Friday earlier in the week Grey
and maple have not varied in value and but little
business has been done in either.
The value Of Indian corn havin lately risen ia Ire
land, rather more money has been asked for parcels
here and to arrive, but the inquiry has not been
sufficiently active to allow Of any advance being estab
lishrd.
DUTIES.
On Wheat, whenever the aver Dny