Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-10-17
From the London Times, Sent. es,h.
REVIEW OF TIE GRAIN TRADE.

?oR THE WEEK ENDING THIS AFTERNOON.
After two three weeks OF considerable activity in the
wheat trade and rise in prices from the lowest point OF
fully los per quarter, there ia something ike pause
Opinion appears, however still to incline TO belief tina
the upward movement has not yet reached tho maximum
and many Inclined think that wheat will Iu. con-
sideraby higher than deemed probable Immediately
after harvest. The fact is sufficient allowance was not
then made for the reduced of the stocks in almost
ali the growing countries in the world consequence
Of the extreme deficiency in the produce Of 1885, The
present position Of affairs is certainly singular II il ad-
mtei all hands that the harvest in Great Britain has
given abundant yield; and that the crops the cont
nent have whole produced we'll In the face Of this
simultaneous rise has taken place 10 almost all the mar
kes OF Europe aud il America prices Of bread.tu, are
actually higher than this side Of the Atlantic the lat
ter circumstance is however accounted for by the injury
suffered By the Indian crop in consequence Of pro-
THcted drought The probable future oil prices
appears depend mainly this question. Has
Great Britain grown large quantity OF oUd COM
pensatc for the exhaustion Of old stocks? Opinion on
this point is very much divided but the prevailing mpr,
sion is, that though may and probably will have
lower range Of prices than that which have had
during the last twelve months the value of grain will
higher than what be considered the natural
under free trade. The weather continues exceedingly
fine and every facility has been afforded for securi, ia
crops in the northern AID backward OF the 81 gdo
Nothing will be lost or Injured aud with the exception Il
that small portion carried early in Augus' b. the fine
weather H. the VIII Of the grain la, been secured
in excellent condition In the SOUTH farmers have
for time past been busy with autumn sowing sni
considerable Of work has slready been accomplish
ed IN highly satisfactory manner. So anxious have q
farmers been to profit by the favorable opportunity afford.
ed for seeding the land that they have kept all hands en-
gagged in the fields which for the moderate char.
Of the suppis brought forward There is still
great deal of work be done and do not calculate on
large deliveries much before the month Of November
Meanw there is little prospect OF arrivals Of any i'm
portaDce from abroad. At most Of the Baltic porte oil
stocks cleared out and has scarcely com
menced to make its appearance. France is still buying n
The English markets, aud in Holland aud Belgium prices
relatively higher than with Under these ccumsan-
ces the idea that prices may in the first instance
go higher, does altogether without fouuds-
ton At Mark Lane we have bad rather quiet week,
and quotations have not varied materially On Monday
there was moderate show Of wheat from Essex and
Suffolk, with fair quantity from Kent nearly the whole
was.of the new crop. The town miers acted with
IRENE caution, and would probably, have succeeded 10
buying on somewhat easier terms they had been the
only buyers but having rather active demand for seed
wheat partly for shipment to the Continent, factors
enabled to realise prices fully equal TO- and 10
the over those current that day seDDgbt. There
very little fresh up for Wednesday, and though there
was not much activity in the demand previous rates
firmly supported This morning the trade was quite
m. The supply Of wheat from abroad has been quite
trHng for some weeks past and grana!ied stocks are
rapidly dimiuishng. There steady coDsumptiye 10.
quiry for the finer qualities Monday, and holders
disposed raise than to lower their pretensons
No actual rise established but superior
scarcely obtanab!e easy terms az on that day
sennght Since then an advance OF IL per az has IL
some cases, been paid for Lower Baltic red aud the finer
kinds OF Dautzc wheat stocks OF which have been mar
toTed into small compass. For floating cargoes very
high prices have been asked which has checked business
Flour has been IN good request and the London mlefs
have had cutie enough do TO keep their regular
toners supplied Macy OF the mills 10 tho country being
still at stand for want Of water the arrivals coastUse
aud per rail have been small aud full prices have been
realised American flour having been held relatively
higher than English has not met With 20 much attention
az previously Mating barley at least per quarter
desTer on Monday than on that day week. aud the re
cepts having since proved small as TO short Of what
has been required the tendency Of prices has continued
upwards Foreign barley has been in request for ship
meht to Holland and has risen Ia 10 2s per quarter from
the lowest point. In the value Of malt change has
taken place, but the article has been In improved dc.
mand The arrivals Of has been Of the scanty
nature ns for some weeks past aud the market has be-
come very bare Of good corn. The dealers have, how
ever resisted any further advance aud have purchased
so sparngly as to render II difficult TO realise any i'm
provemeut Achangol oats may be quoted from 24s Cd
TO E6s per ar according to quality. This Is almost the
only description Of which there is any quantity on the
market. Beans and peas have orept up Is TO q per
or 10 value aud for Indian aAoa very high terms
have beeu asked.