The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-05-21
The Corn Trade OF Europe.
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III
The weather continued exceedingly cold up to
last night, for the advanced OF the year. and
vegetation is very backward. hsmorning we have
higher temperature. The showers which fell last
week proved benefcalto the country, but more
pious supply of rain is much needed. The growing
crop OF wheat does not at present show symptoms of
having suffered from drought and though the
spring sown crops are not by any means promising
in aprearance genial showers might yet remedy the
mischief done by the drying east winds so long ex-
perienced Grass lands everywhere bare and
we can scarcely reckon on good hay harvest, how
ever favorable the weather may hereafter prove. The
prospects for the future are, therefore, not alto
gether promising, but hitherto there has not been
the slightest disposition to enter into speculative in
vestments in grain. The supplies OF wheat have
more than kept pace with the consumptive demand,
and its value has tended dowHwards Spring corn,
though brought forward sparngly, has not excited
sufficient attention TO lead to any Improvement of mo-
men in prices and the trade altogether has remained
in dull state The long expected supply Of -four
from America has come to hand, about So 900 barrels
having arrived at Liverpool, and 80 900 barrels into
London, within the space of fortnight. This i'm
portaton will not be profitable one to the parties
concerned, most of the Hour having cost nearly as
much on the other side of the Atlantic as it will
realize here freight and charges have. therefore,
been lost The quantity now on passage from the
United States is not, we believe, large, but we may
expect further shipments to be made from thence
during the present month"; in fulflment of contracts
entered into during the winter. The latest adyices
from the Baltic are to the effect that holders OF
wheat had in general resisted any decline Of inn
portance. and that comparatively little business hal
consequently been done for export The scarcity of
food in the interior of Germany is said to be SO
great that people are actually dying from famine in
some parts, the high prices to which rye, potatoes
&c had risen having put it out of the power Of the
poor to obtain the necessarcs of life We are
nevertheless still of opinion that supplies OF wheat
to some extent will reach later in the year from
the North OF Eurorc for though there can be no
doubt that an extra consumption of the article has
taken place on the continent, still there will be some
quantity for export, which viii ultimately be direct
cd to the English markets. From France we have
nothing new to report; prices there are nearly on
par with ours, and whilst that is the case,
we can scarcely expect supplies OF consequence from
thence. Business Mt Mark lane has remained very
quiet On Monday there was only moderate show
of wheat by landcarragc samples, from the home
counties, and there little Offering from the east
coast; the supply was, however, more than adequate
to the demand, and only picked parcels brought pre-
vious prices the general being Is per quarter
cheaper than on that day se'nnght. The de-
mand has not since improved, but factors have
declined making any further concession; and the
hilsng business done this morning was at
similar terms to those current in the beginning Of
the week The arrivals Of foreign whoat have rather
increased, 1000 qrs. having come to hand this
week; considerable portion of this supply is, how
ever from Egypt Fine Dantzic and Rostsck wheat
in granary has beep held with considerable rmness
and these kinds have maintained their previous
value; but secondary and inferior Qualities have
been offered at somewhat lower terms than
would previously have been accepted, without
Leading to much business. The transactions in
floating cargoes on passage, arrived oil the coast.
have also been unimportant this week. sellers having
in general askcs higher rates than buyers have been
disposed to give. The value of town manufactured
Hour has not varied but the sale has been nerfercd
with by the pressure Of foreign on the market.
American Hour has been offered on easier terms, but
buyers appear to expect further decline, and have
refused to purchase freely. Barley of home growth
mas come forward sparngly, and though the Inquiry
has certainly not been ively, late rates have been
steadily supported. Foreign barley has met with
'E snare u steaicp toy grinding and has not sVeR