New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1880-09-08
London Letter.
Irregular Correspondence)

London, Aug. 10Th, 1880.
Fine weather, with less rain has
enabled our farmers of the Home
and Southern counties to make a
fair beginning of the harvest. The
wheat crop this year is certainly a
great improvement upon 1879, but
the yield is likely to be one of the
most uneven character. The mar
kets OF the past week have been the
subject Of a slightly retrograde
movement. but trade remains so
susceptible to weather that the on
~ statement that can be made with
tar assurance of accuracy is that
buyers will have the best Of a mar
ket reached along dusty road. and
sellers the best of business on =
rainy day. The reactionary move
ment in trade has been confined for
the most part to wheat and f}onr.
foreign descriptions of which mnst
be quoted Cd. to Is lower on the
week per or. and sack respectively
The pulse Of English wheat trade
is now running so slow and feeble
that 1t IS impossible to discern any
change. Deliveries at several we'll.
known markets have stopped alto.
gether. The principal feature Of
the week apart from the home har.
vest' mas enormous export efforts Of
the United States. Last week
there started from the American
P Ports for the United Kingdom S25,
600 qrs. of wheat and 262, 500 ors
:" d maize, besides $4,000 baes 81
flour; and yet the American Visible
supply has increased, and not d;.
m'nlshed, under this strain. Shin.
ments from America to the Con.
TIM tlnent are stated to have been $40.
900 qrs. of wheat and 100, 600 ors'
OF maize, but until this telegram Is
confirmed by letter, we must accent
this very remarkable price Of news
under all reserves. The 100000
qrs.may not lmprobably be mistake
for 1000 qrs. this CIPHER mistake
having occurred before. The pricf
OF Of wheat on passage has receded =
little dnring the past week.
The French have not had worry
settled weather for harvesting. bni
the showers have usually been lieht
and large proportion of the Rar
vest IS now being cut or in process
OF being reaped. North of Paris
:, wheat cutting has only just begun
but IN all the great wheat district;
south Of the capital real progress ha.
been made. Deliveries Of new
wheat are now coming in in suffici
ent quantities to allow of 4 fail
opinion being formed by mi]lers
and hear a general chorus OF
praise Use as to the apparent milling
quality of this years wheat. The
German wheat harvest has begun a
fortnight ago, but rains have inter.
rupted work, especially in the west.
ern provinces. The wheat and bar.
ley harvests are expected to be close
upon an average, though, the result
may n yet be seriously affected by un.
favorable weather. In Austria the
wheat market is steady; IN Hunpa.
ry trade is firm in tone and prices
have slightly advanced. We do
not learn how this position of af-
airs may be harmonized with the
reported good wheat crop of the
dual empire. Algerian advices in.
form US that barley is being shipped
for Great Britain, chiefly for Glas.
gov and Leith. Wheat, however
finds it's way no further than across
the t Mediterranean to Cette, and
Marseilles.
e gyptias wheat, at Alexandria, is
quoted Ais. Sd. per or. free on board
This is too high price for wheat Of
poor quality, such as Egyptian.