Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-11-20
REvlEw OF rns GRAIN TRADE.

FROM tne London hercsuuie Gaxetto, NOV. I'D.
One u those sudden changes by which the grsin trade
has been Of late has taken place during tho
lest eight days period of great excitement aud rapid
~ ri,ins p,ices, has been succeeded BY calm. aud
most Of the provincial market, held since Monday tecs
have recedcd from to "a per qusrtor These sudden
fluctuations are, In opinion, owing to the hand to
mouth In which the trade has for time been
carried on. Doe week supplies not equal the
sampive demand aud prices jump IS to los quar-
ter the next there OF supply. and ll sud.
den as the previous follows Farmers have delivered
wheat very freely Sver since harvest s, they have no,
been able till nov, do much than keep pace with
the dcmsnd, and the stocks held by mercbant uillcr
aud bakers at present far ess than Ia usual ths Pc
riod Of the year. ..... Pc
Meanwhile our e,anarie. which were full two or there
mon,hssgo have been completely empied, snd
almost wholly dependent tho growers for supples-.
hos,ou Of affairs under which steady prices be
circulated on. Our impression lie, that the quantity of
wheat delivered since Ia September has been equal
that usually required for four months consumption All
engaged In tho trade out OF stocks At the harvest
aud to furnish only moderate quantity that nme-
daely needed for consumption together with what has
been required Tor seeding the land has kept the thrahuy
machines In full employment Gssu n Dads hv!nt al,
ready been made into the CROP and their being little
chance of farmers meeting with any competition Of couse
quence by imports FROM abroad till sptiny, may be
TONED whether they will DO disposed supply The
freely they have hitherto done IL prices should re-
csde materially Undcr these circumstances Of
lou that the decline which has taken pscs this week will
be almost immediately recovered, aud should certainly
not be surprised to prices higher during approach
Eg winter than they have yet been For the moment the
mers have supplied their wsuts but they have
10 carry them moro than week two. Tho Gee
saton ofths export dem,nd may. aud probably will have
effect; but 90 long without foregn supplies
their Is little prospect Of lover prices,
In the Baltic there stocks Of old -hs,, and the
new has come forward too sparngy TO allow Of any guam
uty being collected for shpmcnt From the ports east
e ID : ing
the with Russia continues. There Was large show
Of wheat Of home gro~h at Mark LINE Monday and
the opening there impression that factors would
have TO scce'e to materially reduced The miers
though still in wsut held c believing that by doing
they would succeed in buying cheaper This they proba
bly, would have done, but for large purchase made for
Yorkshire which enabled sellers to place portion of the
supply at nearly former Thst left after
wards offered decline OF - per quarter without
citing attention. On Wednesday there improve.
inquiry, and nearly all the wheat not sold on Mondy
placed at terms quite equ, to thoas which hal pre-
v'ou'ly been Offered in vain This morning there
evident increase o hrmness and purchases could hardly
he made 50 advanageousy ~ in the beginning of tho
week. We have hal arrivals from abr ,,d aud the
stocks in Granary being light render holders very
Indifferent about realizing there has been pressure
sell Scarcely anything wa done ho6iAy, have
operations been OF much s-c; Indeed the sales
have been insignificant TO allow Of prices being given
with much accuracy Nothing has rLnspred in
floating csrgocs.
The top quotation for town made -four hs, under gone
no change out there has certainly css incna
TO buy and town well country Hour has been
sold cheaper this than last week. The may said
n regard TO American There was good display OF
English barley on Monday the quantity since brought
ard hs, been email. The extreme terms Of last wees
have not been maintained the prices paid Monday
mating quail les being rs az. below those
that day sennght, aud this decline has since been
recovered. Foreign grinding barley has varied
tcily in value. Nal has moved OH somewhat tard ly
At the recently enhanced terms The arrivals OF
co,stwisc and from abroad have been very sm,ll
few csrgocs OF new Irish have hand Old corn
has cold in refill at about previous prices bu, has
oean somewhat Difficult: to place. aud the has the
whole, been in syor oil the purchaser There par
tculsr change notice u quotations Of beans aud pease