The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-22

From the London Mercantile Gazette, April o.
The grain trade has remained in an exceedingly
depressed state since this day week, and the value
OF wheat has further receded, well Mt the leading
consuming towns at the markets in the agricul-
tural districts The continued decline must be at
tributed rather to the want Of activity in the de-
mand than to any particular pressure of supply. the
receipts from abroad having been moderate at all
the principal ports on the coast well as into Lon
don. The deliveries from our own growers have
meanwhile rather fallen off than increased, but pur-
chasers having refused to buy beyond what they
have needed for immediate use, the quantity brought
forward has more than sufced to satisfy the inquiry.
The fall in the value of wheat has now continued
several consecutive weeks and prices are at least 3s
to is per quarter lower than they in February.
So material fall is, in our opinion, likely to dis
courage shipments from abroad; and most Of the
English wheat remaining is in the hands of
the Weather class OF farmers, we question
whether they will sell freely if any further reduction
should occur. Hitherto, however, there no
symptoms of Improvement; indeed, the future APP
pears to be regarded with considerable mstrust,
and merchants and mlers seem determined not to
hold larger stocks than just sufficient to carry
their regular business. The dry weather continues,
and though there no complaints as yet, there
can be no doubt that rain is now wanted, as well
for the spring corn just committed to the soil as for
autumn sown wheat. Vegetation has scarcely made
any progress, and there is little green food that
all kinds of stock have for time past been al
most wholly kept on corn, pulse, &c. Barley and
oats are going rapidly into consumption, and prices
relatively higher than those Of wheat. The future
course CT affairs will depend mainly on the character
of the season. Should the summer prove unpropi-
tous, We should probably have considerable ex-
element in the corn trade, stocks are not
large in any part of Europe, and great deal will,
therefore, depend on the next harvest; but we
think it will require something of rather startling
nature to impart life to business spectators having
become quite disheartened in consequence OF the
severe losses they have suffered during the last
few years. The latest advices from the continent
speak much less sangunely respecting the probable
future range OF prices than earlier III the year IL
has apparently been discovered that the wants of
the interior of Germany. though great, arc not sui
cicnt to counteract the effect Of All almost total alb
sence Of an English demand, and the very dis
couraging accounts from hence have not been with
out influence. At Stetin, wheat has reccded since
February last about S. per Or. and the fall on rye
has been still greater The reduction has not been
so extensive at the other Baltic ports but the ten
dency has been downwards almost everywhere. In
the Dutch, Belgian, and French markets prices have
also given way, and some of the purchases of wheat
recently made in this country for the continent will
be attended by heavy losses To-day is u close
holiday at Mark-lane, and the operations in the
early part OF the week have not been extensive On
Monday there very good show Of wheat by
land carriage, samples from Essex and Kent; many
Of the parcels were Of very fine quality, and the
condition generally was excellent Considerable
difficulty nevertheless experienced in cflecting
sales. and decline of Is. 10 p. per quarter had to
be submitted to- Capital good red wheat was parted
with at los to U.s. and Sos. per quarter could not
be exceeded for the finest white. The commoner
kinds obtainablc at relatively lower terms.
On Wednesday there was hardly any wheat Of home
growth fresh up; there was, however, no improvement
il The demand, and no portion Of the reduction named
could be recovered. Foreign wheat has met with
very ttGattcnton, the home supplies having proved
amply sufficient to satisfy the town millcrs, and
10 country buyers having visited our market. The
few small sales effected ON Monday at rates
quite Is. per quarter below those Of that day
sennight, and the article offered Mt that reduce
ton on Wednesday, without exciting attention.
Nothing of the slightest interest has taken place in
floating cnrgoes ON passage from the Black Sea, &C.,
and We have heard Of sales free on board ut Bal
tic ports. The nominal top price Of -four has not
changed Some further arrivals from France have
caused secondary kinds Of fsreign aour to hang hea.