Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1880-07-28
From Our Regular Correspondent
London Letter.
LONDON, Eng. July IL, 1880.

LONDON. Eng, July IL, 1880.
Flirly seasonable weather has prevailed
throughout the week. and, favored by a
high temperature, the cereal crops have
male further steady progress towards
maturity. Blooming is now going on
satisfactorily, so that the home crop bids
fair to yield well at harvest. Advices are
somewhat variable as to OATS bat barley
is regarded with much satisfaction. In
Scotland the agricultural situation is like
wise considered promising. while the
latest Irish reports indicate the expecta-
ton of an abundant harvest. Considering
hat this is the season of the year when
weather influences are paramount in the
grain trade. it is not surprising that the
last weeks business should have been
characterized by an amount of dizziness
and apathy which neither moderate arri-
walls nor attenuated stocks have had power
to mitigate. English wheat, of which the
supplies have been very small. both in
town and country, has been difficult TO
sell, although holders have willingly
offered concession Of Is. and sometimes
Is. per or. Foreign wheat has reached
our shores in fair but not excessive guam
tity. The imports into London on Mon
day last were little over $4,000 qrs., while
the subsequent arrivals up to Friday have
touched $4,000 qrs. Supplies such as these
should weigh by no means heavily on the
ira lie. considering the depletion which has
reduced granary stocks to an almost I'M
precedently low point, but the fact is that
so long as the arrivals suffice to meet the
hand-to- mouth requirements of buyers
they can afford to disregard present mod
Grafton in confident anticipation of future
abundance. To such state of things in
the near future everything points, notably
the advices from America, where the first
offerings Of the new crop have appeared
earlier than at any time since 1868, and
where the yield promises to equal, if moi
exceed, last years enormous growth OF
l425, 100000 bushels. The visible supply
has decreased more than 100000 BUSH
els, but the shipments of both wheat and
maize to the United Kingdom have beer
Exceedingly heavy. No doubt the large
continental demand, has been the strong
point on the side of the sellers hitherto
and to its influence must be attributed the
comparatively slight decline which price!
have suffered; but as France, which il
normal seasons is an exporting rather
than an importing country-or, at any
rate, grows sufficient wheat for her owl
use-will shortly he reaping her own har'
vest it is clear that continental need
must shortly be eliminated from the stu
alton. In short, the weather has been toe
fine for the trade, and wheat has declined
Is. TO Is. per or. on the week. Ever
Russian sorts, always regarded favorably
and considered indispensable by many
millers, have given way. notwithstandin;
their extreme scarcity, and the business
passing in foreign wheat of all description
has been very limited. MIize remains a
23s. Cd. per 400 lbs. OK ship, and occupie;
much the same position rs wheat-that is
to say, there is an enormous American
crop looming in the background, ant
daily coming into greater prominence
1t may be remarked that Ireland has beer
unusually short of maize, so much so tina
a cargo off coast was recently sold at tn
high price of 26s. 3d., and ordered to Lin
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