Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-10-01
ENGLISH GRAIN.

PREVIOUS Unfavnrable Reports Of the Home
Crops Fully misunderstanding of in
Products 80 per Cent. from Last Year
The Weeks Trade ii arked by Unusual
Excitement and Rapid Advance In Prices.
LONDON, Sept. 30.-The Mark Lane E1press
says the condition of new grain has not i'm
proved to any appreciable extent. Threshing
has made little progress, as most grain already
secured is in an unfit state and some weeks
must elapse before offerings of new wheat will
show any material increase. It is pretty gen
orally admitted that the wheat crop the present
year, will be about 80 per cent below the
average. Home requirements between now
and next harvest may be expected to absorb 16
or LIZ million quarters of foreign produce.
Neither mangles nor swedes can be an average
crop and the harvest crop generally presents
a wretched appearance. Potatoes in many
localities are not worth tho expense of
lifting. The oak ss fields in Scotland are
still green and night frosts have prevented the
barley from filling out. From the south of
Ireland rather fav orable reports have been re-
ceived as to the oat crop. which appears to have
suffered less than any other cereal.
tinent, the supplies of home grown wheat at
country markets have again been exceedingly
light, last weeks deliveries at one hundred and
firteen principal towns showing decrease of
AZ ,OOO quarters as compared with a correspond
ing week last year. The average price was four
pence quarter less than the preceding week,
which is of much significance as regards the
detective quality of the offerings when the
strong upward turn in prices is taken into consid-
Grafton. The samples shown at Mark Lane were
likewise few AID inferior, but with the re-
serves Of last years crop at the lowest ebb,
sales have been made readily at an advance of
two shillings quarter on the week, white
yuho 1SHinn t<, oh
from As to 40 per quarter. I.a. 5.az
The imports OF foreign wheat into London
have been moderated, last Fridays return
showing only 36,720 quarters, and the weeks
trade has been marked by an excitement which
was not altogether expected. The most sangu-
extent and suddenness of " the
upward movement. Such activity has
not been seen at Mark Lane
since 1877. All descriptions of foreign wheat
improved full two shillings per quarter, max
ing a total advance of about seven shillings
the rise has been the pressure for some wee ks
past, but the effect has been delayed till re-
Gently, as the millers held back as long as there
was any possibility of the home crop turning
out more favorable than had been predicted.
Such a possibility no longer exists and the fact
suddenly forced itself upon the minds of buy
ers with the results recorded as above.
The amount of business has been exceptionally
heavy, and the slight reaction which took place
during the middle of the week has been more
than recovered. Nearly all descriptions of
| cereal produce showed an upward movement.
maize to the extent of four shillings per
quarter; barley and oats, six pence, and beans
and peas one shilling. s
During the early part Of the week trade for
wheat off coast ruled very strong, and the adj
vance was considerable. On Thursday re-
| action ensued which was brief, as trade recover
ed and closed firm at the end of the week at
the highest point yet touched, say from two to
three shillings per quarter advance on the
week. Maize participated in the improvement,
prices rising six pence per quarter.
to forward wheat princi pally. California and
red winter American for both of which quota
tions indicate an advance of fully three shil-
lings per quarter. Maize and barley also in
good request at six pence above. Sales of
English wheat last week, 14,lS6 quarters IS
shillings pence against 70, 79l at Al shillings
pence. Same time last year imports into
o nited Kingdoms ending Sept. Goth, 1892, 731
hundred weights wheat and 208, 712 hundred
weight flour. ..-Et