The southern press. [volume] (Washington [D.C.]) 1850-1852, 1850-10-26
From the London Mere. Shipping Gazette, Oct. l.

|
| The GRAIN TRADE.-Having for some time
past experienced very favorable weather for
ploughing and other outdoor labors, farmers have
been busily engaged during this week preparing
the land for autumn sowing hitherto, however,
the deliveries Of grain have not fallen off sufficiently
further decline has taken place in the value Of
wheat at all the leading provincial markets held
| since last week. We are, however, inclined to
think that we have now touched the lowest point,
and should not be surprised if small rally were
| to occur. ~ e. ~ @' WI 'N '"'t,.. #1%f
The last published weekly average price for
wheat for the kingdom is a fraction above AS.
per quarter, but this return does not embrace the
sales made since the late fall, and the actual av-
erage at present can scarcely exceed 40s to 4Is
per quarter. In many parts ofthe country, farmers
| are not netting over 35s to 3Ss per quarter for
good red wheat, and in those districts where the
quality was injured by the crops becoming laid IN
an early state of their growth-which was most
extensively the case along the east coast--wheat
has lately been selling at Cos to 35s per quarter
By the most recent advices from the continent it
appears that the continued dull accounts from
hence had had more or less effe g. and that prices
had rather given way at some ofthe principal ports.
From the Baltic there was not great deal being
shipped; still some further purchases had been
made on English account, and we are inclined to
think that we shall have arrivals from thence so
long as the navigation continues free from ice.
Our French letters state that, Notwithstanding the
want Of encouragement from this side, a consid-
cradle business has been done in wheat and flour
for export to Great Britain; and as there is no
doubt that large quantity OF the latter article is
ut present on passage from America, there APP
pears no reason to calculate on any immediate fall
ing off in the supplies from abroad. The opinion
above ventured on, VIZ: that prices are not likely
to go lower at presents, therefore, based prin-
cipally on the belief that, during the time our
farmers are engaged in poughing and sowing. the
home bp e.. 4. 4
threshed English wheat comparatively valuable,
Instead OF being, as at present, relatively lower
than foreign. a
The arrival Of wheat coastwise into London,
have not been so large as they were last week, and
the quantity brought forward at Mark Lane by
land carriage, samples from the home counties has
also been smaller. Business has nevertheless been
exceedingly dull, with the turn decidedly in favor
of the purchaser. On Monday no progress could
be made in sales until factors consented to take
prices Is to IS per quarter lower than those cur
rent on that day ennght; and even at that abate-
ment clearance could not be effected, consid-
erable portion OF the Kent supply remaining on
hand at the close. Part of this was placed on
Wednesday, and the remainder this morning,
without any further change recurring in quota
tons.
We had very liberal arrivals of wheat from
abroad during last week, but since then they have
been moderate, which may, perhaps, be accounted
for by the boisterous weather experienced on Sun
day and Monday. The demand for foreign wheat
has at no period of the week been at ali active.
and though importers have refrained from pressing
sales, reduction Of Is. per quarter has taken
place. This decline was generally submitted to
on Monday, and has not since been recovered
The top price Of town manufactured -four has
remained nominally unaltered; country marks and |
secondary descriptions Of foreign have in some
cases been parted with at an abatement of Is. per
sack and barrel on the prices Of Monday week.
Peas have not altered in value since our las.
nor has any quotable change occurred in maple
peas put white boilers and hog peas have given
way about Is. per quarter. Nothing of interest
has this week transpired in floating cargoes Of |
wheat or Indian corn. |