Loudon free press. (Loudon, Tenn.) 1852-1855, 1854-02-28
The Mark Lane Express of the % of January.

reviews the British Corn Trade as follows.
Considering the difference in the position of
the country now to what it was at that time, a
greater increase might have been expected; and
that this has not taken place has been owing TO
the wants of France. Not only have shipments
from that country ceased altogether, but France
and Italy have absorbed nearly the whole ofthe
Black Sea supplies. The falling off in the ar.
rivals from that quarter has been very great,
and has only in part been counterbalanced by
increased receipts from the other side Of the
Atlantic. Should the news which has this
week been received BY telegraph from Vienna
prove CORRECTIVE: that the Emperor of Russia
had forbidden further shipments Of grain from
OdeaSa-the effect would be seriously felt here
as we'll as in France; and in that case we might
see q higher range of prices than has yet been
contemplated as possible. The only chance of
q check to the upward movement appears,
therefore, to be an arrangement of the Eestern
difficulties. Whether this is now practicable;
our readers are as competent to decide as our
sleeves. The dull reports from Mark Lane of
Monday, and the rather important fall which
occurred at Liverpool the following day, produ-
ced considerable influence on the tone of the
trade at most Of the provincial markets. Far.
merS appear TO have been quite taken by sur
prise, and they manifested greater anxiety to
realize than they have exhibited at any previ-
GUS ptriod for some months past. The fall from
the highest point amounted, at several of the
markelS in the agricultural districts held on
Wednesday and Thursdayuto is. to IS. per Or,
but the decline generally has net exceeded 2S
to per or. The deliveries from the growers
have certainly increased, and in some districts
rather hrge supplies have been brought forward
which has led to the belief that there is more
Wheat Of home growth remaining in the coun-
try than was previously supposed. We are not
prepared to admit or deny this interference, but
we cannot regard the circumstances alluded to
as any proof? When prices are as high as they
now are, and the idea-whether we'll founded
or otherwiSe-gainS possession of the minds
ofholderS that reaction is abont to take place,
there is a natural desire to sell. This would
have Its influence, however small the quantity
held might be.
The trade appears to be already recovering
from the temporary depression, and purchasers
could not buy on as easy terms at the close as
they might have done in the middle of the week.
Several circumstances have combined to cause
the reaction, the most prominent Of which has
in our opinion, been the sudden cessation of
the export demand, and to the fact that few
offers of Wheat have been made from ports to
which we have recently been Shipping rather ex-
tensively. Much more Importance appears to
us to have been attached to the fact that France
and Belgium may send back few cargoes of
the Wheat previously obtained from rs than it
deserves. Under free trade, and with easy
salaans of transit the ii,aaiifal ports are
brought SO nearly on a level with our own mar.
kets, as to be Immediately influenced by fall
or rise here. Her Expenses are calculated to
y fraction, and when there Is 4 margin of Only
Is. to IS. per Or, for profit, shipments will be
made from hence to the continent, or vice YER
sa, so that we may be receiving supplies one
week and returning them the next. The ad
vance in December and beginning of January
raised our quotations above the current rates
rf some Of the French and Belgian ports; and
our enterprising neighbors were as ready to
sell as they had (whea the position of affairs
was the other way) been willing to buy, without
considering whether in the course of afew weeks
they might not stand in need of what they were
parting with. The liberal arrivals of bread
stuffs from America during the last week or
two have tended to check the upward move
meut. and the change in the weather from seve-
re frost to thaw, has not been altogether without
influence, inasmuch as an earlier opening of
the Baltic than had previously been calculated
on was thereby rendered probable. Holders
of foreign Wheat, who generally weigh the
chances for and against a rise or fall more care
fully than our agricultural friends, have shown
no want Of confdence;and though some sales of
American produce were made at Liverpool on
Tuesday at rather lower prices, the decline was
speedy recovered, and, according to the reports
from thence received this morning, the decline
bod bepn almost wholly repained on FRIDAY
ending 9Th instant, from America, consisted
of 66,649 qrs. Wheat, and 10000 brls Flour.