, 1860-02-09

The anticipated Improvement nfter The com.
nenceinent Of the new year has lot been real
lied on the contrary, tue trade continues de-
pressed, with no symptoms OF recovery. Recent
lnportations of wheat and -four must 90 to
warehouse to meet demand. Our farmers
have the ability and the will to supply the wants
Of the interior. leaving the ports to consume
their own stocks aud imports: Taking the con-
sumption OF last year as Il basis there Is enough
OF wheat III Liverpool to last until harvest
Review of tic ssrit!.,, Corn Trade for
1859.
tFnoa, the Ma:k Lane Ex .rrxa Jan.1G1
The Year ls5a commenced upon decidedly low
prices Tor a'i descriptions Of grain; and as ag-
r5cutur1s prospects continued tolerably favor
a''le, toe trade would probably have remained
in quiet state until near harvest, had it been
left to its natural course, there being 10 great
export demand, while the home supplies and
foreign imports were more tAuu equal to tue
consumption Ct the United Kingdom. 70 great
also was the dtsiIe tfor peace in this country,
ttat it created Notwithstanding the threatening
aspect with resard to the Italian question: IN
almost universal disbelief in war. Mit'ers and
dealers not having prepared for such contin-
gcncy while prices were unusually Inv, were
ifisen the 3eclaruiioE Of war by Austria aaujrst
Frsnce and Sardinia obliged to run into the
market at tue same mo1ncnt with spectators,
and the effect was 10 send up prices in Il fort
night, uuti! on The cd Of May English wheat
had risen 18s. per quarter. Then appeared
the pref idlnariee Of peace. and with them came
4 sudden tail ot lus. per bu. any further lie
cline was arrested by the daily increasing re-
ports Of big ut 10 he young wheat plant from
March aud first in 4pril-thc probability Of
short crops Of wheat on the continent, caused
by continued 1rou.ht-in May the prohibition
| to export gr iu from Roman Statcs-in June
tile excessive heat, the storms here, in France,
md Denmark, and the resumption after SOlh
September q tue old Siding scale Of duties in
France, abolished since lS53-then the bad ae>
counta Of our OWN potato crops, as also on the
coutiprrt, and tic certainty Of small crops Of
maize in America, and il various parts Of Eu.
rope, especially Of the Danube. At lust came
tue great lever to rcnctiou, the total cessation
OF the heavy supplies from France, which had
hitherto bcen brought into the various ports Of
the United Kingdom, although mostly to 4 luss,
aud the above combined causes produced II
graduul Improvement in prices until the up.
psoacA Of Christmas, when, as usual, VIC had
slight decline.
been abe to collect, we set the last English crop
ut decidedly under an average in bulk, Willie the
weight per bushel is fully 8 lbs lighter than IN
average. SO that after allowing for the excess of
old wheat on hand at harvest time, we consider
We started with about our usual quantity in
farmers hands. The samples vary much as in
dicated by the unusual raucc in quotations;
few oil strong lands, well harvested, arc fine.
and weigh about G. lbs, then come the GOOD
runs co lbs, then tho hollow chested, thin, pre-
lna1ureiy ripeucd, about IS Ibs aud thirdly rery
many soft, sprouted, badly harvested, down to
IS lbs; ard here we think it worthy Of remark
lha: the want Of The usual supply Of harvest Ia.
borers prerc ted the sufficiently uuick in.rath
ering Of tue crop alrcady ripe from the extreme
heat, and when the violent storms came after 50
long drought: many farmers hurried their
Of Newcastle In Scotland they IRE Particular
II goud. Ireland good, Denmark ana Sweden
splendid in quality and quantity: along the Bal
tic, line qualities and satisfactory Quantities;
Holland mud Belgium rery small; France less |
the deficiency IS made up By the old wheat left |
over; Spain short; Portugal aud Italy very dt- |
tcicnt; Africa small; Syria almos. a failure; |
Russla upon tue whole small, but quality fine;
American M average IN quantity aud fine quail. |
ity. Tie wonderful! produc.ircness of the crops ]
Of 1s5G-57-'s, but especially Of the last two, LEFT
Its with lurge stocks in farmers hands at har- J
vest time than has been known for many years. /
This We think provsd tr the tacts that the su1'-
plies Of English frotn& September to August, |
botlI inclusive, in the respective seasons Of 1857
TO 1859 (years Of great erops)
~srS onS ~ S1l S1 ars. against 40 es in
and tllat notwithstanding The growing conyic~
ton OF the inferiority ol The new crop. farmers
deliveries Of fine old wheat since harvest have
been 50 abundant ri these very moderate rates
ny to keep 1t always cheaper than foreign, which
has consequently been much neglected. The
low prices current last winter aud spring caus-
ed 40 considerable quantity Of English wheat |
10 be used for catt'e-to ID aud for mailing pur-
poses, and the universally admitted enormous ]
consumption Of English wheat during the last
three mouths hns materially reduced any super
abundance. III reckoning for OUT wants up to
another harvest. We must likewise bear in mind !
TINT We began upon the new crop one month
earlier thnn usual. America having small |
crop. Of maize, and no stock Of old wheat on
hand, will spare us but littls wheat or Aour, un-
lcss our prices advance at leust 5a on wheat
France will he fur less liberal than last year,
and has better customers for her grain than
ourselves, nnd that Ireiand, having very deli.
cient oat crop and . thriving population, has
hitherto drawn. and will doubtless continue te
plies Of wheat and maize. OF tie 4,ols ,469 qrs.
foreign imported into the United Kingdom, only
Css,5GG qrs. came 10 London. 1855 opened
with uu imperial weekly average price for Eng
l>I Of AS. I'd, and closed with zos.; the annual
aggregate average was AS. 3D., the highest was
hand larEc. 1s5a opened with :as. l0d., and
closed with 4ss. ID; the annual aggregate aver
age was 45s. Id, the highest was ,5ss 3D., the
io"est ":s. 10d. per Or stocks Of foreign left
on hand arc Large it London, md ut most Of
the ou'ports in TIN United Kingdom.
E1@A LIZ NA tAAAeAlAEE NlbSt u oTIu1 OF re- |
mark is the almost total extinction Of the Ame.i-
can trade with this market and Of the particu-
larry small quantity sent thence to any market
in the United Kingdom. Stocks there were SO
completely uRed mp at tho approach Of the last
harvest TINT supplies, Us they arrived nj sea.
board, were inn,e ,ediate]y taken for local con-
sumption, aud prices have ruled too high to |
face our market. From The circumstances men-
tionci under our "whcat" heading we must !
look to little or assistance from the United
States or Canada unless our prices rise fully S.
per barrel above present rates, The quality of !
the new american is approved Of. The next PC
culiar feature is the eimmensr supply Of FRINGE,
especially in the second quarter, and The sudden
[al!ing of 10 the arrivals thence in the third
luarter, not only to this, but to NIL the outpors
Tempting prices but none other, mar also re- .
'ew our trade with 4his country, although she |
nay afterwards hare to replace. The ycar COM !
nenced with small stock Of foreign, but has |
:onc ont With u hcaricr one here and elsewhere.
The value oftlis article has luctuated with the |
ise or fall Of wheat, but ia less proportion. ! !
II tic ,es ,57S cwts. df foreign inported into
o London.
Through the kind assistance Of our public /
locks aud private granary -kccperr, we have s
gain been able to arrive at a pretty correct es-
innate Of the foreign grain and flour lyinc in
rst hands ut this port. We therefore oomSare
hem with those ol the previous year, Viz: P