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REVIEW OF THE CORN TRADE.…

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REVIEW OF THE CORN TRADE. I We have had a week of splendid weather. The change has come just in time for the- hay, which was getting risky from the rain, but which is now being carted in good condition, with a very large crop. The bright sunshine and heat have come most opportunely, too, for the wheat-blooming, and our prospects altogether are much brighter than they were ten days ago. As the fine weather has been universal throught Europe, as well as in the United States, the trade has naturally yielded to such an influence and the tendency of prices is still downward. Wheat, however, has given away more than was thought at all likely in the present position of the trade, with stocks running low. At Liverpool, of wheat there is only 260,000 qrs., against 477,081 qr. this time last year, and against 381,185 qrs. three months since, though, during these three months, the imports there have been on a liberal scale. A steady continuance of such favourable wheat her is therefore manifestly of the utmost importance. The number of cargoes on passage has some- what increased, notwithstanding good arrivals during the week. The number now on passage and off the coast is 199 cargoes of wheat, against 328 cargoes last year. France having been favoured with the equally splendid weather expects a fine crop. It is to be noted that whereas last year, owing to the war and to the extraordinary severity of the winter, an unusual breadth of barley was sown instead of wheat, of which we felt the effects in the enormous sup- plies of French barley we have recived, this year there is so much the more wheat sown instead of barley. If, therefore, the breadth of land under wheat is unusually large, and the present expectations as to the yield are also fulfilled, the result will be a very large crop; and nothing tells so quickly and deceitfully on our prices as large supplies of French wheat and flour. We think this is likely to be a feature of the wheat trade in the coming year. Barley, on the contrary, does not at present promise to be a good crop with us, and, should it prove deficient, France is not likely to make it up to us again this year. Still, we may by then again get supplies of Saale and Danish barley, of which we have received next to nothing this year. Maize is comming forward in very large supplies, and the judg- ment of the trade is rather perplexed and in suspense. On the one hand, the amount on passage and still shipping at New York is very large, and these large supplies are coming at a time when grass, clover, root crops, and all feeding stuffs are very abundant the question, therefore, arises weather the market will not be overdone. On the other hand, the price is very low, and at such a price the consumption is very large. It is thought, too, by some of the best informed that at the present low price supplies will fall off. There were, up to the latest advices 135 cargoes on nassacre. bringing- about 400,000 qrs.; and as the voyage from New York is only half the length of the voyage from the Black Sea, this fleet is equivalent, in the matter of supply within a given time, to a much larger fleet from the Black Sea. Shipments have continued on the same scale since and New York will go on shipping its stock and the supplies now en route. But as the present price leaves to the grower in the far west only about 3s per qr., it will be more profitpble for him to use the Maize as manure or for firing, than to continue to send it forward and it is therefore, thought that we shall presently see indications, not yet at New York, but first at Chicago and other depots in the West, of supplies falling off.

THE CORN TRADE.

THE CATTLE TRADE. I

ISEED MARKET. I

TALLOW.-I

WOOL MARKET. I

HOP MARKET.I

PROVISION MARKET. I

POTATO MARKET. I

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-CARDIGANSHIRE ASSIZES I