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To the Editor of the Monmouthshire…





Corn Trade.


Corn Trade. In all the southern parts of the kingdom very beautiful wea- ther has been enjoyed since Wednesday, but in some of the nor- thern counties of England, as also in Scotland, the rain did not cease as soon as with us, and considerable damage appears to have been done along the eastern coast, by the extreme violence of the wind aud torrents of rain, to the outstanding crops. On the whole, therefore, the prospects in regard to the harvest, have in no degree improved, notwithstanding the late auspicious change in the weather; indeed there is too much reason to fear that, howeuer favourable the month of September may be for the ingathering, the previously-sustained injury will renderit impos- sible for an average crop of wheat to be secured. Complaints of the inferiority of the quality as well as for the acreable deficiency are general from all those quarters where progress has been made with reaping, and we much fear that these will inrcease in pro- portion as the harvest is proceeded with. Whatever may be said or written to the contrary, it would be folly to suppose that with such weather as that experienced in July and August, the wheat plant could have escaped being injured and disposed as we are to take the most favourable view of the matter, we must be pre- pared to expect a very inferior produce, both in point of quantity and quality, to that of recent years. It is truly fortunate, under these circumstances, that farmers have, up to ths present time, been enabled to meet the greatly increased consumption with such supplies as are usually brought forward at this period in ordinary seasons, the value of the article must inevitably have risen to a very high point, and it may be questioned whether, when harvest operations are once fairly begun—for in the nor- thern counties a commencement has scarcely yet been made— the demand may not overtake the supply. During the week, now about to terminate, the latter has, however, proved fully equal to the former, and the very dull reports from Mark Lane, of Monday, having influenced the minds of both buyers and sellers, prices have rather tended downwards at several of the principal provincial markets. At the leading towns in Yerkshire considerable difficulty ap- pears to have been expetienced in etfeciiug sales, but neither at Leeds nor Hull were lower prices taken on Tuesday for good qualities of wheat than on that day se'nnight. The accounts from Wakefield, of Friday, are of a similar character, business being very slow there on that day. At the chief markets in Lincolnshire, Cambridgeshire, aDd Norfolk, no wheat of this year's growth has yet appeared; from all we can learn, the produce in those important cuunties will be very inferior to last season, and the fine samples, the growth of 1844, are likely to command comparatively high prices for mixing. By our Scotch advices it seems that the weather was exces- sively wet and boisterous in that county up to Wednesday night, and though it subsequently cleared up, the storm of wind and rain had, it was feared, done irreparable injury to the grain crops. Little or no effect wastheielore produced by the dull ac- counts from the south, and with the knowledge of a fall of 2s. to 3s. per qr. having taken place at Mark Lane, Wheat was quoted 4s. perqr. higher at Edinburgh on Wednesday than on that day week, whilst barley rose quite Is. to Is. 6d. per qr. From Ireland the reports respecting the weather, and the pro- bable result of the harvest, continue comparatively favourable. In the south portion of the island the cutting of wheal, barley, and oats, had, we ale informed, been commenced, and the quality of the new produce is well spoken of. Business in grain had, it seems, remained quiet at the leading market, and no material change had occurred in prices. Attention has of late been more directed to home grown than free foreign wheat, and the transactions in the latter, since our last have been on'a comparatively retailscale the want of a lively demand has failed, however, to have much effect on the minds of holders, and so far from any anxiety having been manifested to realise, the reverse has been the case; the finer qualities, such as high-mixed Uantzic, Rostock, &c., having been held at rather over former terms. Previous to the favourable change in the weather a good many bargains were closed for cargoes to arrive at high rates; but since the cessation of the rain, less inclination has been manifested to make speculative purchases, either free on board orofparcetson the spot. The extravagant piices asked have, no doubt, tended, in a great measure, to check business holdeis of the article have more than anticipated any fall which may hereafter occur in the duty, leaving little chance of profit to the purchaser: moderately good parcels of Dantzic wheat, under lock, have been held at 50s., and the better kinds of red at from 45s. up to 4is. per qr.; we can, therefore, feel no surprise that the transactions should have been circumscribed. The averages continue to tend upwards, the last general weekly return for the kingdom (57s.) being Is. 9d. higher this than last week: that for London (60s. ld.) is, however, lid. per qr. lower. The duty fell to 18s. per qr. on Thursday, and may be expected to recede to lbs. in September, whether, however, it will fall below the latter point is still doubtful. The millers have experienced considerable difficulty in effect- ing sales of town-manufactured flour; quotations of the article have, nevertheless, been steadily supported. Ship samples have been rather pressingly offered in partial incstanes, slightly re- duced terms have been accepted. The arrivals of English Barley have been very trivial, and the present duty being too high to admit of entiies for home con. sumption, without loss to importers, the little which has arrived from abroad has been landed under lock. The reduced state of the stocks of Iree barley, and the belief that the outstanding crop has sustained more or less injury, have induced holders of this grain to exhibit a somewhat firmer tone, and the sales effected since our last have been at prices not previously obtainable. The demand for malt has evidently improved of late, particu- larly for the finer sorts, and choice qualities have been taken by the ale-brewers, at slightly enhanced terms.. With English and Scotch oats the market has been sparingly supplied; having, however, received 20,034 qrs. from Ireland, and 11,931 qrs. from abroad, there has been no scarcity of this grain. Of the foreign arrival, a large proportion is from Archangel, and the quality of this year's importation from thence being remarkably good, this sort, always a favourite variety with our large dealers, has caused all other descriptions to be neglected. The business done in home-grown corn has been comparatively insignificant, but, in point of price, no change requiring notice has occurred. Of the Archangel arrivals a large portion has been sold at 21s. to 22s. per qr., duty paid; rates which we believe will barely remunerate the importer. Very few English beans have come to hand, and though the inquiry has not been very extensive, the smallness of the supply has enabled sellers to realise fully previous terms. From the present position of the averages there seems some chance of the duty on this article falling to the minimum point, in anticipation of which. Egyptian and other foreign sorts have been held for more money. The demand for white peas has been very slow, but grey and maple, of which there are scarcely any in^the market, have com- manded high prices. —Mark Lane Express.