Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1854-06-01
Reulow Of he Grain Trade.
frnn 49, mrrK rNnINn l2rn NAV

The arrivals of corn from abroad have not
been nearly 50 liberal a. they were The preceding
week. and the probability IL that the supplies
viii for n time be on moderate scale. THERE'S
however. considerable accumulation, large
proportion oi what has lately come To hind hay
ing been landed ON account # Importers. Il
falling of the supplies may. therefore, not be
immediately felt, for 20 long as continue TO
have favorable weather for the growing or ps
there il not likely to be any speculative demand
aud the stocks IN granny here, at Liverpool, and
some at the other large ports, will suffice 10 pr
vide for any country inquiry which may arise tor
some time tp COME even II the first supplies
should be small. The rain which has fallen du-
ring the week has been Of immense service To the
Lent. sown corn, and all that i now required to
give IN impetus to vegetation Is increased warmth.
Tho appearance Of the wheat plant continues TO
br well spoken of. This tends To render those who
hive wheat to sell more inclined to realise, whilst
on the other hand il influences the operations OF
buyers who conduct their purchases with greater
caution Than they probably would do II any I'M
ensiness in regard to the growing crops was en-
teranrd. There is. nevertheless, strong i'm
preston that prices have for ibe present Tot ched
the lowest this belief Is founded on the undoubt-
81 ahoftness of wheat in those markets which de-
pend the growers for supplies, for II Is argued,
thai if farmers really held largely, they would,
under existing circumstances, be induced to sell.
Is proof ut the Il! gent wnnt OF foreign wheat,
we mny direct attention TO what has lately taken
place at Liverpool; that market was very name-
rousy attended three consecutive market days,
aud though over 100000 barrels of flour was in
the interval received there from America, and the
adviccs frem Mark lune not of the most Gu
cournging nature, fine American Hour was actual
" Cd per barrel dearer there on Tuesday, than on
that day might. Something like this may be,
in our opinion, expected ere long TO occur ia our
market. Some weeks have now elapsed since we
have had large country demand, and ms the
supplies from Il growers have not increased II
such an extent as 10 render the millers in the in
terror independent Of foreign, we may calculate
ON Il revival in the inquiry. The effect of the
proposal of the Chancellor of the EXchequer to
increase the duty on malt netting like los.
per quarter must have an uufayorable effect ON
harlcy, ina-inueh as it Is likely to decrease the
consnmptiono of the article The mere announce
ment OF such an intention on he part OF Govern
ment has caused decline in barley at several of
the provincial markets, held since Monday, of Is.
to -. per quarter. The arrivals of wheat const-
wise INFO the port of London have hccn very
small, and the quantity brought forward by land
carriage from the home counties have been quite
nsignlf hi.still the supply has provedm more than
Sufficient Ia satisfy the demand. On Monday ON
~ the very finest samples Of white Essex wheat
supported the rates of that per qr. cheaper. On
and this morning the show consisted of few
lois left oyerirom previous reecip's. There be-
ing very little choi 20 quality the miers were not
inclined to net, and in the absence of business of
Importance, quotations of English wheat remain-
ed precisely the same rs in the beginning of the
week. The total quantity of foreign wheat re-
ported from Saturday up to last night has amount
ed To l6.2lO quarters, and a large proportion of
that previously received having been taken to
granary. there has been no particular pressure to
sell from on board ship. There was IL good at
tendance of country niers on Monday, hut find
ing that they could not buy ON us easy terms as
they expected TO have done, they confined their
operations Ia very small quantities for immediate
use, aud 10 retail trade was consequently done
ut prices i TOP, per or, below those OF the pre-
yious Monday. Since then sellers have resisted
amy further decline, and though there was want
of activity in the demand on Wednesday, as well
as this morning, prices were steadily supported.
The transactions in floating. cargoes have been
parativeiy unimporant this week. The top
price OF town made flour has become somewhat
unsettled, and household has been generally of
fercd al reduction of Is to - per sack. Ameri-
can was >alcnble on Manday Cd to Is per barrel
below the currency Of that day sennght, and
could not be very readily secured Mt that ahato-
ment; to-day the more firm reports from he other
side of the Atlantic, and the falling off in offers
from France. have rendered holders less anxious
to rcnliso.- London Shipping Gazette Of l2th.