The New York herald., 1850-01-17

the northern continental ports falling off Is enough
10 imPart some degree Of firmness; and il may Be
regarded as toleraby certain ,at the arrivals from
the baliic VIII, during the next two or three
| months, be comparatively small. The official ac-
count OF the lmportatiODs into the United Kingdom
during The month ending 9th December, has Just
been published, from which IL appears that the
total quanuIy ofgrain and pulse, OF foreign growth
entered for home consumption in the period named
amounted TO PSI quarters; and that, in addi-
uon, 209. ia cwis OF foreign manufactured -four
and meal were received These enormous sup-
Plies readily account for the extreme dnculty
which our farmers have experienced in efiecting
salts OF their produce, and the great depreciation
which their property has suffered. Since Febru-
AIRY last, when the duties were abolished our inn
PoIls Ct grain, &c., have averaged above mil
~. y; quarters per month, and the reduction In
e pI,ce oi wheat, under the influence OF constant
pressure on The markets, has been about los. per
quarter, or 20 per cent. The general weekly ave-
dsee ioI me kiogdom published yesterday, Is 3Ss.
Sd and the return for the corresponding week in
1913 was AIS. ID per quarter The decline in
prices OF other kinds Of com has not been quite
30 great, but all descriptions Of agricultural pro-
duce have suffered an immense Teducton Tf the
line Of policy which has caused this he ners,sted
IN, the cultivation of the soil must cease TO he re-
munerative; and though farmers may for time
continue to struggle against hope as their leases
fall in they will natura ly give up so unproftsble
an employ ncnt. Inns The political economists
tells Us Is OF no Importance; according TO their doc
trne II is The extent OF the imports, and the in
ternal production, that constitutes ths wealth of
country. For the resent, however, are inclined
10 think that prices have touched the lowest We
shall most probably have arrivals from one quarter
or the other dunpg the winter months but not on
so extensive scale as heretofore; and though we
do not calculate on any advance of moment, we
should not be surprised II wheat were TO rally 4s
TO 5s. per quarter between this and March. The
arrivals of wheat coastwlse into London have been
small since the close of last week. and the quanti-
ty exhibited at Mark lane by land carriage sam
pies, from the neighborng counties, has been quite
Insignificant The trifling nature of the supply has
caused factors to ask somewhat enhanced terms,
and the best qualities Of white wheat were placed on
Monday at prices about Is per quarter above those
realised on that day se'nnlght the general runs
were more saleable, but were not dearer than be-
fore. Since then the transactions have been Alto
gether OF retail character; on Wednesday scarce
ly any business was done, and the operations this
morning were of too little importance to warrant
alteration In quotations, but the turn decidedly
III favor Of the seller Foreign wheat has met with
less attention than English, though millers fad 1t
necessary to employ a considerable quantity for
mixing; this they have hitherto been enabled to
DO without appearing to buy in the market,
as a large proportion of the late imports from
abroad has gone direct into their hands
meanwhile, we have comparatively little country
demand and the trade has been more 6rmthan brisk.
Holders appear to reckon with confidence on
more active inquiry after the turn OF the year, and
no anxiety has been shown TO push sales. The
business done on Monday was at rates fully equal
to those current on that day se'nnight, and this
morning the finer descriptions were held with
greater frmness than earlier the week, owing
TO the setting in OF sharp frost. Flour has not
cited much attention since our last there has, how
ever, been steady sale for good marks, at for
mer terms The show Of English barley was mo-
derate on Monday, and choice mailing samples
were easily placed at previous prices. Secondary
sorts were, on the other hand difficult of disposal
and prices of the latter had downward tendency.
Since then the demand for this grain has been
very slow, and even the best qualities were taken
cautiously to-day. The supply of foreign has more
than sufiiced to satisfy the inquiry; and in some
cases, where it has been necessary clear vessels
coming on demurrage, lower rates have IN partial
instances been taken, 10 effect sales from on board
ship. The value of malt has remained stationary.
considerable portion OF The arrival Of oats Is this
week again from Scotland, but the total supply is
not particularly large. The principal dealers have,
however, conducted their operations with extreme
caution and the trade has been very slow. Pnces
were much the same on Monday as on that day
week, and have not undergone any change re-
quiring notice since then; but that II would have
been necessary 10 have accepted less money TO
have made progress in the sale OF inferior and out
Of condition qualities of Scotch foreign, admits
OF little doubt. Quotations Of beans and peas
have renamed unaltered; the demand for these
articles has been very tardy, and the supplies,
though moderate, have proved amply sufficient.
Holders OF Indian corn have asked full term. for
floating cargoes, but the business actually done has
been quite unimportant.