, 1879-05-29
FOR ElGN NEWS,
tnglIsEa GrOps and Markets.

LONDON, May 20.-The Mark Lame Express
says reports as to the present aspect of the
country although not alarming are not cal
culated to afford farmers much satisfaction.
The damage already done TO wheat is not
perhaps extensive, and succession of dry,
warm days, would 60 lar to relieve the pres
en anxiety. Provincial exchanges almost
without exception were dearer at the close
last week. English wheat has been marketed
freely in the country, but sparingly at Mark
Lane, and trade in London has been marked
by considerable frmness. Foreign wheat
has been frInly held, holders in occasional
instances obtaining q slight advance. Should
the adverse weather continue d rally may
speedily take place, as imports, although on
o fairly liberal scale, have not been excess
sive, although sales the past week have been
chiefly retail. Alillers have shown more in
cliration to extend their transactions A
strong feature in the trade has been the
steady continental demand for cargoes of
white wheat from California and Oregon.
Stocks are steadily diminishing, as most i'm
ports have gone direct into millers hands,
and taking all things into consideration, the
present position Of wheat is firmer one
than it has occupied for many months, There
has been very little quotable alteration in
the value OF spring wheat, but trade has been
inanimate. Maize is steady and appear
ances seem to indicate that the lowest point
has been touched. Sales OF English wheat
the last week were 81, ,279 quarters at 40s Sd
per quarter, against 4l,224 at SIS Id per
quarter the corresponding week the previous
wear Imports into the United Kingdom Tor
the week ending May 10th, were 992,O23
hundred weight of wheat and 1864 hun
dred weight of -four.
Commercial Troubles in Europe. 'i
LONDON, May 22.-The Frankfurter lei
tung states that the Rotterdamsche Handels-
vereeniging trading company loses 100000
forms by the failure of the Afrikaanisehe
Understanding, and will be compelled
to ask indulgence OF its creditors. 1t pro-
poses to pay them four and one-balf per
cent. bonds. If this compromise is refused
the company will be obliged to solicit ju-
dicial respite, which is allowed by the Dutch
law to debtor able to prove the existence
of assets. II is said that the Antwerp banks
Rotterdamscle Handelsyereenigirg.
The Darien Canal Congress.
PARTS, May 22.-In the committee on
Techique, of the Darien Congress yesterday,
Sir John Hawkshaw spoke strongly against
the Panama route for the canal, with tun-
mel. He declared that the tunnel would
become the ereceptacle of all waters OF Charges
basin, and be liable to be completely blocked.
The GermaS, Tariff.
BERLIN, May 22--In the reichstag yester-
day Bismarck made two hours speech in
support OF grain duties. He strove to show
that this imposition of duties by bettering
the purses of the agricultural class would
give an impetus to industrial activity. Eng
land, France, Belgium and the Netherlands
were cited in proof thereof Bismarck dis
claimed all intention OF seeking to increase
the imperial exehequer by corn tax. All
he desired was to Co justice to his long suf-
fering countrymen by removing to the from
tier in the form OF consumption duty part
of the direct tax e. The debate was ad-
iourned until Friday. The governments
proposals will probably be adopted. The
landed interest is now urging the protection
of wool . r.'