Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-10-15
ENGLISH MARKETS,

The Same Old and Discouraging Story as
to the Home Crops-Foreign Arrivals
Only Moderately Active, With General
Advance Firmly Maintained.
LONDON, Oct. 14.-The Mark Lane E'ppress
says: Agricultural advices are still most dis
couraging. Quantities of wheat and barley
still in the field are deteriorating from
sproutlng, damp and discoloration. Turnips
and potatoes are badly diseased. Hops are a
total failure. In many Of the best districts
in Kent preparations for autumn blowing are
retarded by the division of labor, in conse-
quence of the anxiety Of farmers to get some
of the present harvest to market while high
prices are current. The supplies marketed
show an increase, but are mostly unfit for
milling. Such as are in good condition
readily brought two shillings advance. The
best lots Of mailing barley realized forty-two
to fifty shillings. Most of the new crop is
badly discolored.
Arrivals in London of all articles except
oats have been moderate. Last Monday
list showed only about $4,000 quarters of
foreign wheat, chiefly American and sub
sequent imports up to Friday amounted to
61,12O quarters. Prices again favored sellers
to the extent of fully two shillings at the be-
ginl ing of the week, but with only retail
demand at the advance, as large millers and
spectators hesitated to- follow the rise
which. during the past few days, has been
maintained with difficulty. Fine American
reds and such varieties of white wheat as
could be used in the place of English wheat
have been in fair request, but it is probable
Russian descriptions will shortly come in
favor when the supplies of home
grown increase, as the condition
of new crop is sure to necessitate large
admixture of hard foreign wheat to render
it suitable for milling.
There has been no excitement in the
trade, neither have the weeks sales been
large, but steadiness prevailed, as sellers
were by no means impatient to realize the
recent market rise in the price while it has
not served to unsettle the opinions of hold
ers, as it is due to the most perfectly legiti-
mate influence that can effect values, namely
supply and demand. AS far as can be seen
at present there appeared to be no valid
reason why wheat should not advance an
other five shillings. Business still rests on
firm basis, although it must be admitted
that Increased supplies of home gro wn wheat
will probably check the advance temporarily.
Maize attracted good deal of attention,
and owing to scarcity of spot, sellers have
been enabled to establish an advance OF
shilling on the week. Grinding barley,
beans and peas moved quietly at former
rates. The continued heavy supplies of oats
again reduced prices three to six pence.
Wheat for shipment has been in large re-
quest, and extensive business was done,
principally in California and red winter
American at shilling advance. Calcutta
descriptions also participated in the ad-
vance. Arrivals of grain laden vessels off
the coast have been small.
Wheat has been in good request and adj
vanced shilling to eighteen pence, but the
limited choice restricted business. Maize
ruled firm at sixpence advance. There has
been very large though somewhat irregular
business transacted in forward wheat, espe-
cially red winter, and for which quotations
indicate an advance of fully shilling.
Maize met with fair inquiry at steady prices
for cargoes on passage and for prompt ship
ment, but for November and December an
advance of six pence was paid. Sales of
English wheat last week 1851 quarters at
48s 3d., against 61,13O quarters at 39s Sd
same week last year. Imports into United
Kingdom, week ending October 4th, 1851
O82 hundred weights wheat, 2s2, 27O hundred
weights -four.