, 1859-05-26

adentl5 expected Ths ionK threatened var in
Europe having actually commcnoed, those wHo-
were aiow to believe Ia such = result has been
taIca quite BY surpr1se, and 4 heS tanae o{
prices bus suddenly been established. The
extsa9rdlnary rise, however, Of ten Shilliugs
90 "esst 1t ne beginning Of the week has been
followed BY fall at the close, and to sell seyer-
i ahillings teas must have been dually nccepted.
Ihs rates hasing greatly varied in different To-
eaIides, no certain medium gain cab be t{liably
quoted, but perhaps 81. per or. mar be taken as
the lurthcT advance throughout the country.
ssome reaction We noticed ns probable in our
!ast, but much further continued decline seems
lnposA9le, though speculative sles, for clear.
aoee uaoer monetary pressure, may sometimes
present opportunities to those ou. Of stock. On
'ne continent, Us Jet, there has not been Nh
equa! improvement and some shipments may
NJ" De expected from countries lately import
lnX. to take the chances Of British arkcts.
ouen must hare the effect Of producing cautious
purchases and slow trade; but : return to pre-
new crops are reported, together with the re-es.
saht'samrut Of peacc. Fluctuations nre now
likely, but the probability Of still llrher rxnve
hinges on the extent aud duration Of the WI.
All cersuls have felt the rise, but those inau-
enced most have been boiling Peas {the article
.;ll recently most neglected. and light descrip:
tons foreign Barley, the former being required
Tor our own navy, and the latter fSr French
cavalry England's neutrality may Jet etpreserye
moderate rates, as good deal If Wheat re-
mans on hand, with US as well as in France,
This sudden change, while it has distanced
Europe, has scarcely brought us to . parity
WITH American markets. though they are some
ever, to sympathise on the receipt Of the
news.
Ihe sales noted last week were 107, 200 qrs.
Wheat At as. Cd. per Or, against 81 ,074 qrs in
1898. The London averages we're 47s. I0d on
3,4a1 qrs. The weekly imports into the princi-
pal ports or Great britain for the week ending
eth April, ip wheat and aour, were IS, ,s44 qrs.
At 4 period of such excitement as lie
past week. as large fluctuations hare obtuined
IN the country with regard to wheat in
4 lev days Us hare been ordinarily exper-
fenced in months. the features. which we're all
characteristic Of rapid and extensive rise ut
the beginning. subsiding eventually into calm, or
material decline: where sellers were anxious;
but more generally there was perfect pause
III the early held important markets rose lvs
y l2s per qr.; Hull, Spalding, Gainsborough,
Ncwmarket, aid some other places exceeding
thut rise; but at the weeks end these prices
r'll not be realized. and prices wanted i SET
;lemant.
r.ssry description Of grain has participatedin in
,ae great improvement. The finer sorts Of bar
ley, however, hare felt this less than ANYTHING
else from the mating season drawing to close
Tic enhancement On this sort has only been
about Is. per qr., whilst secondary DESCRIPTIONS
have advanced Is. to As. per Or, occasioned by
= considerable quantity Of foreigu grind hav-
in. been taken for export to Genoa, supposed
to be for the French troops In Sardinia. The
deliveries Of our own growth have great
ly fallen OF, and the stock will soon be e.
hausted: Beans hare advanced 4s to IS per ar.
with u lively demand. White Peas, owing to u
Nary contract, are fully los per Of. dearer, from
the lowest point. Oats, with liberal imports Of
foreign, have been enhanced in price IS to Is
per Or.
Thus the talnc Of agricultural produce has
been greatly enhanced by the certainty Of war
between Austria and France; the reported ali-
ance between Kussia aud France much acceler-
nted the upward movement. That. not proving
the fact, its contradiction was the first thing 10
cause ! check to the trade