Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-05-22
THE BRITISH GRAIN PROSPECT.
The Past Weeks Weather UnprOpi-
tiOus, and Causes Considerable
Anxiety as to the Growing
CrOp-COnditiOn of the
Wheat Market.
Adjourned

LONDON, May 21.-The Mark Lane En-
press, IN a review of the British corn trade
for the past week, says: 1.-THE abundant rain
fall and lower temperature of the past week
have occasioned apprehensions regarding
cereals, especially on heavy lands. A speedy
allay anxiety. Hay promises fairly, except
in the midland counties, where much of it is
damaged by rain. The general agricultural
prospects would be seriously jeopardized by
continuance of the present cold, damp
weather. Trade is excessively dull, both in
the country and Mark Lane. Although
supplies of homegrown wheat are
still coming forward .sparingly, the
farmers have shown more desire to realize
in spite of declining prices, and offerings of
wheat at Mark Lane, although scanty, have
been In fair condition; but there was de-
cline of one shilling to two shillings per
quarter on Monday, and buyers showed little
disposition to avail of the concession. A SIM
liar reduction was necessary to effect sales of
foreign, of which the imports into London
have been liberal, owing to the reopening of
the harbor of Cronstadt and the arrival of
some recent heavy shipments from the At
lantic ports of the United States. A large
proportion of the weeks supply consisted of
red wheat. Out of the total import of about
fifty-six thousand quarters, nearly forty thou
sand were contributed by America and north
Russia. The supply is exceeding the demand,
and as no fresh complications have arisen,
business is very restricted, and sales are only
practicable on retail. Should the present ad-
verse weather continue, rally may speedily
take place, and imports, although large, are
not 80 excessive but that an unfavorable state
of the home crop will exercise its full infu-
ence upon prices. All maize is very scarce,
and has not shared the general downward
movement; thirty shillings per quarter is still
obtainable for sound dry mixed American.
Some irmness is observable in corn, although
buyers have not shown much anxiety to pur-
chase in face of prospective supplies. Ar
rivals at the. ports of call during the week
have been fair, and trade ruled steady for
American wheat Russian was not much
wanted, and declined Is. to Is. per quarter.
Maize steady for sound cargoes. Barley
quiet Sales of English wheat last week,
A, 100 quarters, at SIS 4d., against 1880
quarters at 65s. I'd. at same time last year.
Imports into the kingdom for the week end
ing May 18th, !, 076, 901 hundred weight OF
wheat, and Ill ,979 hundred weight of -four.
The Pennsylvania Democratic Con-
ventiOn.
PITTsBURG, May 21.-The entire list OF
delegates to the Democratic State convention,
which meets here tomorrow, with many
| prominent men of the party, have arrived in
the city, and the aspiring candidates have
| opened their headquarters in the principal
| hotels. Ex-senator Buckalew will be per-
manent chairman. but it is not known at this
hour who will fill the chair temporarily. The
| platform is not yet In shape, but will proba-
| bly, declare against freight discrimination
| favor the free-pipe bill; commend congress
sional investigation of the election frauds in
| the south, and contain a strong plank on the
protection of home industry.
Probable Indehnite PrOIongation OF