The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-06-08
London Corn Trade.
From the London Shipping and Mercantile Gazette,
Nav 4

[From the London Shipping and Mercantile Gazette,
May %
The weather, which appeared somewhat threatening
IN the early part of the wrek has since Wednesday
morning been very favorable and though the crops
not particularly forward for the period Of the year
the country wears promising appearance. The late
heavy rains have proved of great service to spring
but for wheat dry weather IL generally bet
ter than wet and far that crop is concerned
more rain will be required for some time to come
The wheat trade has remained in very dull state,
and the tendency OF prices has been rather
downward at several Of the leading provincial
markets. Meanwhile, the deliveries from the grow
have been n a very moderate scale, which has
led parties To look for an i'm provement in
prices. That the stocks in the hands of farm
ers are less than in ordinary seasons at this
period, disposed to believe; but have
still coDsde able quantity of fureg wheat in
the kingdom, and the probabties that ii the
Danish blockade of the raltic should not be raised,
that the supplies from Other quarters will DO fully
equal to requirements Our opinion in regard to
the probable future Of prices has undergone
change; still think that rythng will depend on
the weather. That if the prospects for next harvest
should continue only moderately good, quotations
would undergo some further decline IN markets,
small as stocks uDquestonably return has late
ly ben made up Of the quan'iy Of foreign wheat in
warehouse in London, from which IL appears that
the 14tb inst 800 600 quarters held here and the
probability is about $40 OGO to LOCO OU0 quarters in the
United Kingdom Business at Mark Lane has been
very quiet since this day week OF English wheat the
arrivals have been decidedly small but the millers
having acted with caution the tendency Of prices
mas been downwards. On Monday only picked qua
nues realised previous rates the general runs being
Is per quarter lower than that day week. Since
Stteneahce Of buyers On wednesday, many of our
nsuai visters besg at EPSON hardly any business
ooheJ anu IN The absence Of transactions of conse
-luence, quotations remained nomDally unaltered
Ihis morning sales effected with great dlic ulty
at previous prices Notwithstanding the smallness of
the supply. The arrivals from abroad have been
fully as large as expected We have still consi-
eiable number of cargoes adoat at this port which
importers xious To se without inc
expenses We have. consequently, had plentiful dis
play samples and the country inquiry having been
very far from lively sellers have been compelled tn nc.
Ger dscIi % Is ppru
rally acceded to in the commencement ofthe week and
further reduction in partial Instances sub
mitted this merning The nominal top price Of -four
has not chaDged-foregn more especially French. of
which the arrivals have lately been liberal has been
sold cheaper than last week English barley has
come to hand sparngy and the arrs als from abroad
have been only moderate. The mating season being
quite at end the finer qualities have ceased to
command attention and the business has been princi
pay in foreign for grinding which has realised much
the same terms before Malt has moved OF in retail
at about previous prices The arrivals of oats coast
wfe have been toeraby good and Ia $40 qrs have
again been received this week from abroad. The de-
nand for this grain has been angud but factors have
refused to give way, and neither Monday since
have lower prices than those previously been
accepted Beans OF home growth advanced absut Is
per quarter on Monday, and pease Of all kinds we're
heid with increased brmBess day however both ar
tcies were neglected We heard Of sales Of Indian
corn, either ON the spot or TO arrive
Markets