New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1880-08-25
London Letter.
Irregular Correspondence)
London, England July 80, 1875

1 A1oAASAoii3 Ing io duu Ouiy OO3 lOOU.
Electrical disturbance during the
past week has been fortunately di.
minished, though local storms are
recorded from Bristol, Newbury,
and a few other places. AS regards
the cereals, the rapid approach of
harvest is brought home to us by
letters from the Lowlands Of Scot
land announcing the cutting Of early
oats, three weeks in advance of the
first cuttings Of 1879. A more sure
and general sign is to be seen in the
changing color of the wheat in for.
ward parts Of the southern and east
ern English countries. The July
rains will probably have made wheat
cutting nearly week later than it
would otherwise have been, but har-
vest III England will probably COM
mence in a weeks time, and be gen.
eral three weeks hence. The wheat.
plants still stand well, despite the
recent storms. There is, however,
some increase of blight, and in some
cases the grain-kernels look like pre-
mature decay. Barley has been
good deal twisted and laid in certain
districts; but where the violence of
storms has been escaped, barley is,
perhaps, the most promising of the
crops. Oats are exceedingly good
in Scotland and Ireland. The mar
kets of the past week have been al.
most stationary. All present influ.
ences of offerings and stocks favor
an advance of prices, but trade is
completely dominated by the harvest
prospects of this and other countries.
These have been far from uniformly
promising, at the same time, they
have been, taken altogether, stuff.
GENTLY favorable to prevent the i'm.
proyement in value which ordinary
supply and demand should otherwise
have induced. The continental in
quiry has continued, although there
are signs of change in this respect.
British purchases from the United
States have likewise been large, and
the quantity Of wheat on passage is
now close upon two million or. I'm
ports of wheat for the week were
BIG, 698 cnt. of wheat and 116, 947
cnt. of -four. These quantities are
in themselves no more than moder.
ate, and with English wheat reserves
almost run out, it follows that there
must have been some strain
on our already greatly diminished
stocks of foreign wheat.
The London wheat on Monday
last was firm, but far from brisk.
There was almost complete stagna.
ton in demand for Australian and
Indian wheat, the samples taken be-
ing either English or red win ter.
Speculative offers of the new Cali
tornian wheat crops were made at
Ass. Cd. per Dr., but by Friday opin-
ion had given way 50 far that ABS.
were quoted. The new arrivals of
foreign wheat, 5000 qrs., were ra;
ther large, and prices declined Is per
DR., with very slow trade for all
sorts. Arrivals of -four equaled Is.
80 foreign sacks and $3.50 barrels.
Inquiry was of a very restricted
character at barley premium prices.
The situation Of the wheat and fours
trade was marked by want of conf.
dence on the part of holders. The
maize trade has continued in sellers
favor at a majority, although with
large supplies on passage and very
large exports from the United States
it is plain that firmness is purely
temporary, and has limit already
we'll in view. Demand in London
have tagged since Wednesday. The
maize imports of the United King
dom last week were 586,324 cnt. I,
and decidedly short of current re-
quirements. Barley has been ex.
ceedingly inert. Supplies are small
and demand languid. Two or three
markets have quoted, through scar
city, a slight advance in feeding
sorts, but trade, in it's general direc-
ton appears to me to incline rather
the other way.