The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-10-30
The Corn Trade of England.

[From the London Mercantile Gazette, Oct 12l
The weather has throughout the week been
highly auspicious for the conclusion OF the north
EN- harvest, and so much progress has been made,
that little grain now remains abroad, even In the
backward and mountainous districts. Meanwhile
the reports, IN reference TO poaoes, are not quite
so bad as was expected would, ere now, have been
the case IN Ireland the disease is certainly more
general than on this side of the channel, still a con-
siderable proportion of the crop turns up compare
lively sound, and as far as digging has hitherto
been proceeded with, the result has, IN our opinion,
proved better than at one period we dared to hope
That we have more food of home growth, for man
and beast, than in good average seasons, we feel
perfectly satisfied; and though the extra produce
Will not go Tar towards compensatlng our farmers
for the extreme depression of prices, still they
better of than they could have been If unfortunately
our harvest had turned out deficient in 1913.
Ii is not so much the productiveness or deficiency
OF our own crops which will in future rule prices
here, but the extent Of the foreign importations
these have laiterly been, and seem likely to con-
tinue, very liberal and though the value of corn
may perhaps rise a httle whilst farmers ere busy
with sowing, still we can discover ground to
calculate on permanent or important improve
ment. The character of the trade has undergone
very little change since our last AT some Of the
farmers markets, where no stocks of old are held,
slightly enhanced terms have in partial instances
been realized, whilst at some OF the large consum-
ing towns In the north the turn has been slightly
in favor of the purchaser. At Mark-lane business
has renamed very quiet Up TO the close OF las
but since then the receipts have been small. Fine
white Essex wheat was in fair request on Monday,
and realized prices quite equal to those previously
current; secondary sorts and red did not sell so
freely, and before the Kent stands could be closed,
factors found it necessary TO make little con-
cesslon.
On Wednesday there was scarcely anything
fresh up from The neghboring counties, and the
show was equally small this morning. The mlllers
have generally conducted their operations with a
good deal Of caution; but tehy have not succeeded
in buying on easier terms than in the beginning OF
the week. During the week ending Saturday last,
we had very liberal receipts Of wheat from abroad,
but the supplies have fallen Off A considerable
portion OF the recent arrivals from abroad has gone
direct into the hands of our mlllers. The expeTi-
ment of importing their own wheat is not likely TO
prove advantageous to our home manufacturers,
most OF that which has lately come to hand from
Dantzic, Nc, having cost nearly as much free on
board as II is now worth in our market. The
transactions have, throughout the week, been on a
retail scale, the local inquiry having been decided
ly slow, and but few country purchasers having
made their appearance. In this state OF affairs,
quotations have undergone little or change.
The business done on Monday last, was on terms
precisely similar to those current on that day
Sc might, and not the slightest variation has oc-
Cured since then. Polish Odessa has excited
more attention than Baltic qualities; the finer
kinds Of the former, besides possessing great
strength for mixing, have been offered compare.
tive lower than Restock and similar sorts. The
nominal top quotation OF flour has undergone no
change, and ship samples have been mostly held al
previous prices. English barley has come spar
ingly forward, and the mailing season having com
menced full terms have been realized tor the finest
qualities. On Monday the best samples sold at
from Jos. 10 32s per quarter, and the few lots ex-
hibted this morning were held at the rates named.
Business in foreign barley has not been by any
means extensive; good heavy grinding sorts have
been steadily at 2s. TO 22s, and fine Sasle at 25s
TO 26s per quarter. We heard Of no sales OF the
latter either to-day or earlier in the week. The
supplies Of new oats from Ireland have been rather
increased, and from abroad the receipts have con-
tinued on liberal scale. Superior corn, whether
Of home Of foreign growth, has been held firmly,
and needy buyers have been under the necessity
OF paying previous prices; inferior and ill-condI.
toned lrish and foreign oats have in some cases
been parted with at an abatement OF Cd. to L.
per quarter on last Monday weeks currency
New English beans have come TO hand freely, and
the turn has been in favor NJ the buyer. Grey and
maple pesse were offered at 27s TO % per quarter
on Monday, and new white boilers at 30s. to 32s
per quarter, and since then no difficulty has beer
| experienced in buying at the terms mentioned
We have heard Of no sales Of floating cargoes Of
Indian corn; holders have asked full terms for tn,
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