Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1849-07-19
From The London Mercantile Gszete. June ~,
THE CORN TRADE OF EUROPE.


Though the weather has throug hut the week been
favorable for the growing grain crops could well be de-
sired. and the IRIS frsm he agricultural districts Of
very satisfactory still the wheat trade has main
tanned decidedly firm one, and the tendency of prices
has been upwards. The improvement which has been
established has not been caused by speculation bui by
the shorness of the supplies. and unless the deliveries
from the growers increase larger arrivals take place
from abroad the value of wheat is likely advance more
nr less. We learn however, BY The most alvces
from Amt rcs that shipments OF hur . sumew hat
ensive scale being md, this country and
there appears probability OF peace being at length
cluded between the Germans and Danes, rather
disposed to think that the supplies from abroad will be
sufficiently ample to prevent any hing like scarcity being
felt. considerable number of vessels have this week
arrived a, Famouh.from potts lying cas-, Of Gibraltar,
laden principally with wheat and Indian corn some of
which likely to round 10 London. Further, su
plies from the quarter may be expected. which to-
gether with what has lately been despatched from Meme
Lubec and W Isnar-pots not b ckaded by the Danish
feet-and what may sill be calculated on from France
and Belgium, will, we inclined to believe prevent
any material advance. provided the weather continues
toeraby suspicious for the growing crops but with our
reduced Stocks the Of any thing likely 10 de-
tract from the prodnctveness Of the harvest would
tanly occasion considerable excitement At mark Lane
business has been very steady since notice ofhs day
week. The arrivals of wheat cuastwse into the ports OF
London have been scanty and little has been exhibited
by land carriage samples from the home counties. On
Monday the last qualities cleared off al prices a'out
Is per quarter above those current than day week,
and the commoner descriptions realized fully former terms
On Wednesday there English wheat on osale,
and quotations remained nomnay unaltered, and this
pornng the wan; Of supplies again ineered with bust
ness but the few parcels shown The Essex and Kent
stands were placed at terms not previously obtained
The supply from abroad has heen quite moderate, only
24lO qrs having been reported from Saturday up t. last
evening The falling off in the receipts, and ncreas-
ed country inquiry, have enabled importers to abish
an advance Of fully Is per quarter upon the rates cnrrent
on this day se'nght This rise was paid in partial in
stances on Monday, generally on "Wednesday. and
this morning many holders showed a disposition 10 raiS'
their preensions somewhat further. Altogether en-
siderable quantity has been taken by distant buyers and
stacks likely therefore, to BE- materially reduced
within the next week Two There has been steady
demand for flour, and though the nominal typ quotations
have not varied good fresh households and the best srs
of foreign have brought rrces which cnud not previously
have been obtained. The brands Of United States -four
sold currently both "Wednesday and this morning. al
2ls pr barel-a price which could certainly not have
been realized on Mondqy English barley has f,r
ward spangly. and the arrivals from abroad have not
been large. The inquiry has been confined almost ex
cluslvey TO sweet heavy grinding qualities which have
been taken to fair extent, at prices fully equal to those
previously current The late dry weather is supposed
to have acted rather periodically the growing crop
of barley. Malt has been held very firmly and in some
instances trfe thas been paid for superior samples
The arrivals Of oats of foreign. as well as OF home grow
have been small, and though the principal dealers have
conducted their operations with great caution prices have
rather tended upwards. On Monday really god corr
could hardly be brought on easy terms that day
week. and day the turn was decidedly 10 favor Of The
seller Beans and peas have excited little attention.
in the absence Of business Of importance. the value
these articles has Undergone change requiring notice
Floating cagoes of In 1ian have been held quite
as high terms as before.