The New York herald., 1850-01-28
The Corn Trade OF Europe.

from the London Mercantile Gazette, Jan Ill
The most recent sdvices from tie North of Europe
inform Us the total close Of the principal rivers and
hsrbcrs by ice and it Is therefore certain that no sup
plies Of grain except the comparstivsy Insignificant
quantity still on passage can reach us from that quarter
for some time to This Circumstance Is certainly
in favor Of improvement in the trade here. Still
there great want of confidence and portion ofths
lately established advance In the price of wheat has
again been lost this week. The reaction has We are
disposed to think been caused by the contraction of
having bought rather freely during the last two or
three weeks not inclined to make further sddi-
items to their stocks Meanwhile an increase has taken
place in the deliveries from the farmers who have ap
pareny been induced by the recent rise in quotations.
thresh wheat more freely The excess OF supply
demand has not been great but with feeling OF disrust
prevailing as to the future, very small surplus sufces
to depress prices and until portion Of what has lately
been bought shall have passed INTO pur
The arrival OF consiserable quantity OF flour from the
other side Of the Atlantic, from whence few expected
supplies and continued receipts OF that article from
France have doubt assisted to produce the existing
calm indeed, 1t may be ssfey affirmed that greater
arrival of foreign mar ufactured -four than by the
ceipt Of equivalent quantity OF wheat Nor Is this
p any way surprising Before the wheat can pass INTO
-four gives employment to British industry, whilst
it's admission in perfectly finished state puts the profit
pocket of the foreigner which s certainly carrying out
the beneficial principles Of free trade to the utmost At
in the early part Of the week business inactive and
the value Ct wheat recedd Is to 2s per quarter from
the point 1t bad previously attained. The decline ct
the leading markets in the agricultural districts has
beer to about the extent, and there symp
toms Of immediate rally; regardiD it, however as
totraby certain that no supplies Of moment can reach
Us much before March, from the Baltic, continue to
entertain the opinion that the tendency OF prices will
be rather upwards during the next month The arri-
walls Of wheat coastwise Into London have been mode
rate since last has the quantity exhibited at
Mark lane by land csrrisge samples from the home
counties been by any means large. There some
slight Increase on Monday, In the show on the Kent
Ids; but from Essex and Suffolk there rather
tous in their operations and only the best qualities Of
white could be placed at prices similar to those current
On n as 0tns 70 coaS no
made In the dsposa OF the ordinary runs Since then
very little has eeme forwards but small - have been
the supplies they have proved sufficient to satis
fly the demand, and on Wednesday, as well as this
morning, considerable difficulty Was experienced In
efectipg sales Ct the reduced terms. The total arr
val of foreign wheat reported up to last evening
amounted to only $3.50 quarters but there has
been NO want of the article grsnaIsd parcels having
been freely offered at former rates. The country
inquiry has rather elackened than improved, and
loesl purchasers have confned their operations to
narrow limits their wants have admitted
In the absence Of business OF Importance, quota
tiers remained nominaiy the same on Monday as on
hst day week but that /, would have been necessary
tn have taken less money To have made sales of any
remained In much the same position too few bargains
having been soncluded 70 warrant alteration In prices
but the di,ineostion to buy was even greater to-day
| than In the commencement Of the week. The late
large arrivals OF -four rom abroad have nterfered with
the disposal OF that Of home manufacture aud though
and daJy qualities Of foreign have been
parted with at lower terms than would have been
accepted last week Thesupply CT English barley has
been only moderate, but the inquiry for this grain
having b.en very slow the tendency Of prices has been
rather downwRrds. Choice mating samples were not
cheaper Monday than before all other descriptions
rather easier buy and the inquiry has certain
y not proved since then The very moderate rates
at which foreign barley has been offered for time
pact has caused to be taken steadily for feeding pur
poeee and Its value has undergone further depres
zion. Only retail business has been done In malt,
nd QuC Cfaff ava N q ltera
receipts Of coastwise have been small and the
vsls IRON other quarters have been quite trhing We
unable however to notice any improvement in the
tone Of the trade the principal dealers having acted
In the same cautious manner a. before An attempt
has been made TO obtain slight advance for hne corn,
and good bright Scotch feed oats have been held 1t
tie higher but other kinds whether Of home or foreign
growth, cannot be quoted dearer than on this day
ssnnieht. Beans have besR taken slowly. at former
and the demand for peas has not been improved
By the contnusnce OF cold weather Indian corn has
been held firmly In consequence Of better accounts
Il from Lirtrpool.