The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-08-13
THE BRITISH GRAIN TRADE.
REVIEW FROM THE MARK LANE ExPREss--coN-
DITIoN OF THE CROPS UP TO THE PRESENT
TIME.
BY CABLE TO THE HERALD


BY CABLE TO THE HERALD
LONDON, August IL, 1870.
The Mark Lane Express, in its weekly review
OF the British grain trade, says There have
been some intervals of sunshine during the past
week which have been beneficial to the growing
crops and hay making. Cold nights, however,
initiated much against the ripening of cereals,
and it is only in the south that the
wheat is beginnfnge to change color.
Even under the most favorable con-
ditions it is improbable that any
homegrown wheat will be seen in Mark lane
before the first week in September. In 1878
the first sample appeared in Mark lane on the
18th of August. Some of the hay crop has
been secured, but in many instances in very
unfit state. The condition Of the root crops
is very variable. Potatoes appear to be
thriving fairly in Scotland and ireland,
and the consumption Of maize in Ire
land has consequently decreased In the
midland counties of England disease
has appeared and the condition of the potato
crop is deplorable. In short, the improvement
of the agricultural situation is very slight and
the harvest cannot be otherwise than deficient
BUSINESS IN WHEAT.
Very little English wheat was offered during
the week, either in Mark lane or ut country
Exchanges. Business has been, to great ex-
tent, OF Il holiday character, but in most III
stances sellers had no difficulty in obtaining
last weeks prices. The imports of foreign
wheat continue % liberal scale and
in consequence of the recent Improvement in the
weather business ruled quiet but steady, with
out any material alteration in prices. A further
advance, however, is by no means improbable.
As Il recurrence of rain storms might render the
English crop total failure for some weeks
hence the weather will govern the market.
Even in the face of large summer sup
plies, and the knowledge of the large
surplus possessed by America, there has
been steady milling demand during the
week for American and Russian descriptions
The finer sorts of foreign white wheat, such as
Australian and New Zealand, have also been in
good request. The scarcity of maize on the
spot has caused rise Of shilling per quarter
All other descriptions of feeding corn also
tended against buyers. The arrivals at ports of
call have been small. Wheat off coast was
quiet, and declined about sixpence per
quarter. Maize was very strong at
fully shilling advance. Forward wheat
was firmly held by first hand sellers, and but lit
tie business was DONE A few resales of red
winter cargoes for August and September ship
ment were effected ut ABS. Cd. per quarter
Maize has been in large request the past few
days, chiefly for October and November ship
ment, at an improvement of fully shilling per
quarter Barley also advanced sixpence to
q shilling The sales of English wheat
last week amounted to 1887 quar-
tiers at 49s. I'd per quarter against
"a, 400 quarters ut AIS. Id. per quarter during
the same week last year. The imports into the
United Kingdom for the week ending August
were 945,273 hundredweights of wheat and
oil DOB hundredweights of -four.
THE WEEK OF FINE WEATHER
Another week of fine weather has wrought
considerable improvement in the harvest pros
poets of France. The harvest has terminated
in the south, but even in the most favored
localities the yield of wheat does not exceed
an average crop. In some of the south
western departments the yield is decidedly de.
fcient. In the centre, if fine weather continues,
there is every probability, not, indeed of
bountiful harvest, but of yield certainly sur
passing that Of 1873
BUSINESS DONE YESTERDAY.
In Mark lane to-day monday 10 few samples
Of English wheat offer were firmly held for
last weeks prices, but without attracting much
attention. Foreign arrivals were very large,
and with finer weather the market
was quieter, with moderate consump-
tive demand at sixpence TO u shilling
decline on the fortnight. Flour was steady and
unchanged in price Barley was Cd. per quar-
ter higher. Maize Is. to Is. 3D. higher on
the fortnight Oats advanced Cd"
The FInancier says:-As on yesterday, and
also for some few days previously, largo French
purchases OF wheat from the United States were
arranged for settlement through this market n
further advance in French exchange on London
is probable.