The New York herald., 1850-04-07
uN~ Corn Trade OF England.

sxyx,,u, the London Mercantile Gazette, hareh ~
5bcugh money is plentiful, and the rate OF In
e-rcst unusually low all branches of COM
u,rree remain in state Of great depression. The
snnsuine hopes in which many ndulged at the
oDsDing of the present year, have been completely
xeurpointed. and we hear complaints from all
ounrters of the want Of confidence and activity in
4asiness. The admirers of free trade have been
bong predicting prosperity hitherto, however w yer,
their policy has given very little satisfaction TO any
siass, and some who were once staunch supporters
Of the new system, begin TO be dissatisfied with the
practical working of the scheme. heanwhiie, the
government, the Peelites, and Coodsntes, are
using their utmost endeavors prove that the pre-
yailing stagnaton is not caused by free trade and
n bold assertions, plausible theories, and unfair
statistics could be made more potent than incon-
.troyerble facts, they might succeed in inn
pcrting a temporary appearance of prosperity.
As 20 any real or substantial improvement in
affairs we fear that this is atanable so long
our present commercial Legislation is persisted in.
Though the value of most kinds of grain is and
has for some time been, below the cost of produc-
tion in this country, the fear of large imports OF
foreign corn during the summer prevents merchants
investing in the article and whenever the supply
exceeds Tin however small measure) the quantity
required for immediate use, prices recede latterly
the arrivals OF foreign have not been very large,
and the farmers having been closely occupied with
sowing, &c., have not brought much forward for
sale we are now, however, approaching period
of the year when the deliveries from the growers
are usually increased, and, unwilling they may
be 10 sell al the present unremunerave rates, there
rs too much reason TO conclude that the pecunary
position of many will leave them alternative but
to realize. From abroad we do not expect any
overwhelming quantity in the first instances the
foreign farmers, having been enriched by British
gold, and become accustomed 10 high prices, may,
and very likely Will, hold back for a time, watch
the progress OF the crops as the spring advances,
and act accordingly II nothing should occur 10
threaten injury TO the corn on the ground, shall
not want supplies, even if prices remain at their
present level; but should the weather az any time
become unprcpiuous we should probably receive
only small consignments until prices had been
run up considerably. Such being the position of
the trade, even more will depend upon the charac-
ter of the season than is usually the case and il
would, therefore, be vain 10 pretend to foresee the
future of prices The late frosts have check
ed vegetation. and kept back the wheat plant, but
stheIWise they have done no injury. The sowing of
spring corn thus far has progressed very fivora6ly
which is an important step gained towards future
abundance OF homegrown food. Very little varia-
non has occurred in prices during the current week.
holders Of wheat having shown rather less anxiety
VI press sales; but We are unable TO report any inn
provement in the demand, and the general chirac-
ser of the trade at all the leading consuming mar
-kets has been decidedly dull. The arrivals of the
article coastwise into the port Of London have been
very small, and the quantity brought forward AT
Marx lane by land carriage samples, from the home
counties, has also been unimportant. On Monday
there was rather more disposition 10 purchase fine
qualities of white wheat, and most OF that exhibit
ed on the Essex stands was placed early at prices
quite equal 10 those current on that day Sc might.
The SUPPLY from Kent (Which was composed prin-
cipally of red) was cleared off with some difficulty
al previous rates. and the few parcels offered free
on board. at ports on the east coast did not meet
with much attention Since then the transactions
m English wheat have been on the most retail
scale. On Wednesday scarcely a bargain was
closed, and there so little offering this morning.
and so little inclination the part OF the mllers TO
buy, that quotations must be regarded noninally
the same as in the beginning of the week The
arrivals from abroad have been moderate, and i'm
porers have consequently displayed considerable
frmness but having had very little country demand,
and local purchasers having shown signs of be-
ing in want. the operations have not been by any
means extensive. Fine old wheat has been taken in
retail al full former terms but 10 have succeeded in
selling the fresh arrivals ofnew board ship rather
hess money must have been accepted. For -four
We have had steady consumpfve demand. and
ITS value has undergone no further change
Though the supplies Of barley have not been par
hcuiarly large, this grain has been placed with ex-
ueme difficulty. None but the best mailing sam
pies were saleabe on Monday, at previous rates
and the demand for secondary sorts, whether ol
home or foreign growth. has certainly improved
sance then. Prices of malt have rather tended
downwaIds. The receipts OF oats from abrosc
have fallen short Of expectation, but good manl
caigoes are known TO be close at hand. The sup
Plies ccsstwise have been moderate, notwithstand
ng which the trade has remained in n langui
statc, and the turn has been in favor Of the buyer
er on Monday, and were easily obtainable at III
decline this morning Peas have met with a mo
dente degree Of attention thi. week. being wan,e
tor government contract, but this has not en-
HANGED their value.
Messrs. Baring's Circular.
LoNpoN. March o. 1sJ0-5P. M
The dulncss Of the produce markets which prevaie,
st the date Of last advcos has since continued
and prices Of most articles have still q downwar,
tendency. Coffee has declined materially. Co,to-
has also ruled heavily; and breadstuns show sign
cfimprovcment. In the meantime. money remains ex
trsmcly abundant, and the stock Of bullion eccumu
iates. Under their respective heads, subjoin re
marks those articles In which business has bee
done, others remaining without variation. BY tn
overland mail. which arrived yesterday. have re
ceived adviees to the following dates:-Bombay. 10th
Colombo 15ih; Calcutta, sth February. Honkons
3ist; shanghae, 18th; Manila ed and Batavia est