, 1877-11-07

LONDON, Nor. 0.-Thc 4HdFk Lam ErpTkss,
reviewing tho grain trade of the past week,
says: Although tho unsettled weather tic past
week has l,cen satisfactory 10 The farmers, WHO
make gtnsl progress with blowing and wheat
sowing, harvest operations arc now At on end
except in a few Of tho uplands Of Scotland.
Thrcal1!ng has been 9otu9 On trtakl5, as incrcas-
cd offerings nj country markets testify, but the
estimates Of tic probable yield Of this year's
wheat crop male s,y competent agricultural ali.
thorttics arc remarkable fur their unusual vari-
tcrs. There In m doubt that, making nIl .lnc
allowance for c1aggeratfona either waY. the
crop Is
VERT nn1ICiE1r oSE,
hn'l the requirements of tic country Will ncccs.
state lltnry importation nf foreign product.
As trade Is mot now actively tnucslced by I'oit-
!cai affairs, and we nre receiving all enormous
influx Of grain from tho United States. Russia.
AMI lidfa. It would At first sight appear that
prices might he expected to fall during the next
four or ti1c months; but, upon a careful cu,l-
shlcratlosl Of tic situation, this wuul apnear at
best pros'lemstIcal. Having regard to the I'm
tnettse, requirements Of the country, the In
creascl winter consumption, and the disntnution
whlch Is expected IN supplies from ports which
arc closed By ~intcr, this decrease III Russian
Imports VIII sGoti be apparent, 90 another Tort
night sill probably nee Cfonsta1t closed. THIS
time last gear rel wtieat Tas q strong point III
tile tralr, but th!s year only the finest dcscro-
tions of white have sl,own any tirinnets.
SORT or iErtfAtk0r
seems to 1,asc cumc over the London trade the
past lew weeks, and the country demand has
lccn unusually light. THIS Is probably tuc t,
the fact that lnany nj the large Intlcrs havc
bought direct, al! that arrivals fnto other Iorts
Of the United Kingdom have tlecn much hcaytcr
than usual. stncc last Monday. decline Of !
to ttsfslngs fcr quarter has sakcN place On alt
descriptions of red wheat. but the timer sorta of
wllitc hare not materially given way.
Maize has !osi some ot its recent ac.irty. but
there IA htilf q AcaIthy tone III tho trade,
although quotations. arc easier.
Barley llas futlf maintained the late rates.
Oats harc lost pence per quarter ot the late
| advance.
With !atr arrivals at ports nf cali tho past
week. the floating cargo tradlc has ruled quiet
for wheat, atHI there hus ltcen moderate dc.
lnand, cJntincd chiefly 10 rct! winter American
| At all ultimate decline Of fully snlll!t.g per
quarter. Maize is quiet and i pence to penre
t'er quarter cheaper. Barley strong.
FAMINE RELIEF FUND.
LONDON, Nov. b.-Owing to tho improved
condition of the famine districts Of India, the
Mansion House relief fund has been closed.
THE WHEAT Clsor or 1s11.
,,,, Lena9H 1y;as. T' Of AZ e. ,r... oxo =,
this season Is tho tl,irl in succession decidedly
| below the average. The results which gfre
below can Leave little doubt on this potnt. Last
| year estimated the l,OinU produce available
luf EullsulApkItH III lcAFlllH
| 14,0o0,O ,OW quartrrs to 10 supplied from stocks
and innorts. provided the aycragc consumption
pcr head Ut tue Formulation were maintained. LII
addressing the Severn Valley Farmers Club
last November, AIr. +. Woodward assumed the
ayalla!,le hone produce to b. eight and three
tuurths million quarters, and that tho stocks OF
| foreign wheat IN Ernuary OH the 0ist of Augist,
1876, amounted to about ., l1p, ,O00 quarters. TIE
actual nct Imports duruE the twelve months
ended the 3lst os August, 1871, were little oyer
l2 QU1,uQ0 quarters, which, however. have CYL
IDENTIFY not been sufficient to supplement the
hnnle crop, for tbs stocks in Eranary hare been
| much reduced.
oplnion Of agrfcultursts while the What wns
| still In tle Held waa l1ost unfavutablc. bon,c
even considered It waa one 0f the worst they
had ever known. Tic estimate formed VI my
own crop was, inlced, extremely 4nfasorauIu;;
At the results VI the tlrcshiuE.
The aveTapu population t., b. fed during tho
harvest year l5t7-'a may he kaken at a little
over -, 775U, ,uyo: Surprising tho CONSUMPTION Of
e M Ssnssts 81 tfss ans AsStas asy qf
Cd woald he :.s),:.o,,;s3 uuasters. rhe
urea under tilc crup In tl!c Cnttcl Kingdom
was greater by about 9O1,0oJ uvrea In
167 ths,' In ls.o By " ~ n@ n ai,l,osea to thnk
outside quantity that will be available fur con.
sumption fr0tit thu lole rrulucc Of the Earyest
Just past. This would lcaye moru t'ian 1900,
tkp quarters, Or l0t, ,0O0 bushels, to 1c sup
plied trolll uther suurccs as already statctl
tho stocks in gralinry wcrG inucll reduced lurlnl
thu pust harvest year, anil II 10 tUlcFnbl} ccrtafr
that 1urge an At,lusllt ~ the abuyc ckitllairl
would require will not b. received fEOa, abrta.
during the twe'vo months ending Aac. 81. 1878
whas reduce the consumption Of wheat, ant
IraJ To tho partial substitution Of other !cs:
costly asttclcs of food. Mn, str, yours faith
fully, J. y. LAwEs.