Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-06-23
Enrlish Grain rrnrket.

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Of the grain market in Finland the Marx
Lane Express, of June 6, says: s
With rair-clouds flying about in abund-
anee at the commencement Of the past
week, only few good showers have parti-
ally fallen, and though these have refreshed
the foliage and the grass, they have gone
very little way into the soil. A rain o2
about forty-eight hours is still wanted, and
our neighbors, the French, it seems, have
had very similar weather, and show their
increasing fears by the rise in their prices
and demand on our stores. A consider
able quantity of oats has again been taken
on French account, and wheat, not so
threatened there by the weather, has been
relatively forced up till English prices
have left sufficient margin for business In
this grain also; indeed, medium quality
California white has been taken for Havre
at SIS q quarter, free on board, and No. 2
red American has been shipped for Ant
werp, the ready transit making our mar
kets more eligible than those more distant.
There are still indications of rain, however,
and should it come we may expect a little
reaction, especially in spring corn. Yet
oats have been so low, and our own stocks
SO cleared out, that We cannot expect them
to fall back to the extremely depressed
prices from which they started. As it re-
speets wheat, we take up this grain on the
broad scale of deficient crop last year and
probably short supplies from the Baltic.
We have already reached the turning point,
our last average being ASS i'd, against ass
I'd in 1869. After touching 4Os Cd during
the second week in March, we then held it
q very possible thing that rates before har-
vest might move upward 10s-they have
about reached half way, and are still rising;
so any rough weather or foreign casually
might easily fill up the complement, and
then there would be something better for
the farmers without any pressure on the
community. If France should keep out
bidding us and buying too, the matter
would be very easily attained, and the fact
that before the late start our low qualities
were going off to Central Europe makes it
sufficiently clear either that the crop there
was not good, or that farmers in these
countries declined selling on our terms.
The transient dream, therefore, of over
loaded granaries and endless supplies seems
now fading away. Since the above was
written, buyers from France and elsewhere
have further sent up prices. The arrivals
of the coast since May 81 were Al cargoes,
of which % cargoes were wheat, maize, G
barley, rye and millet. Business was
reported as follows: Wheat, II caIgoes in
all, viz: California (for Hayre) at 62s Cd;
Ghirks 42s 9d@44s 10td; Marianopoi As
cd, and Polish Odessa 43s@45s 101d. Rye,
8 eargoes at 34s. Maize, &c cargoes at 2Ss
6d@31s. Beans, 1 cargo at 3Ss. Barley,
cargoes at 23s Cd to 25s Sd; and oats l
cargo at 23s Cd. The sales Of English
wheat noted last week were So, 457 quarters
at 45s I'D, against s., 595 quarters at 45s I'd
N 1869. The London averages were 49s
Sd on 2,71l quarters. The imports into
the Kingdom for the week ending May %
were 529,951 cwts wheat and 7O,959 ewts
Hoy1r