The New York herald., 1879-08-27
THE BRITISH GRAIN TRADE.
CONTINUED DESTRUCTION by THE RAIN
sToRMs-TnE EXCESS OF IMpoRTs-MAIzE
AND BARLEY.
lBY CABLE TO THE HERALD

AND BARLEY.
lBY CABLE TO THE HERALD
LONDON. August &c, 1879.
The Mark Lane Express in it's review of the British
grain trade for tho week ys:-"The heavy rain
storms of the past week have seriously laid the crops
in many parts of the northern and midland coun-
ties, while the submersion of the low-lying lands
has caused the wheat plants to rot in the root and
develop mildow in the in large quantities. Hay
has been washed away in Derbyshre by floods.
Nearly everywhere the fields chokcd with weeds.
and there every sign that tho present year will be
bad for the farmers than its immediate
predecessors In the more sheltered districts some
pieces OF wheat and barley arc ready to
be cut. but this is not at all general In Scotland
the farmers. during tho recent short spell OF
fine weather. secured good deal of hay, which is
not so much injured was at one time feared
Cereal crops in the north are still quite green and
much of the grain in the upands may never ripen
at all. October rather than September Will proba-
bly, be harvest month in Scotland. Turnips there
improving, and potatoes are generally free from
disease. but the yield will be late and deficient. The
relapse of the weather has caused revival in the
wheat trade. In some instances enabling sellers
recover the recent decline Of shilling per quar-
EXCESSIVE IMPORTS.
Imports have again been excessive But for the
imports having exceeded the usual summer compile
nient the strength of the trade has been marked
that higher prices would doubtless have been obtain
able, but 1t Is difficult to persuade millcrs to buy,
except In retail the face of supply considerably
exceeding 100000 quarters in three weeks the
of harvest. If the prospects of such harvest
admittedly bad: Americas capacity for gigantic
shipments is also thoroughly understood by buyers,
who operated cautiously but at the same
time more freely during the past week ut
slight advance Mondays currencies.
In another month reliable data will be obtain
able concerning European crops upon which to in
dicate the future course OF prices. Barley main
tanned previous prices, but eased slightly under tho
pressure of increased supplies. Arrivals at ports of
call have been moderate. Wheat fuctuated with the
weather. but the continued heavy shipments cabled
from America prevented any advance beyond about
sixpence per quarter on wheat. Maize favored sell
ers with moderate inquiry.
IN GENERAL.
ssWheat and maize have both been In fair request
for future delivery, ut thrcepenco to sixpence per
quarter advance. Barley has been in good demand;
prices were firmly maintained. The sales of English
wheat last week 1882 quarters at 49s. 3D.,
against 2 27o quarters at 45s I'd for the period
last year. The imports into the United Kingdom
for the week ending August 49, 1879, were 1,i5s 59S
cwt of wheat aud 2sO,22i do. OF flour. In Mark lane
yesterday Monday there was q moderate consump-
tive demand for wheat at sixpence per quarter adj
vance last Mondays prices, Flour steady. Maize
slightly lower. Oats threepence to sixpence per
quarter highsss"