Welsh Newspapers

Search 15 million Welsh newspaper articles

Hide Articles List

8 articles on this Page

LLANDOVERY PETTY SESSIONS.

Advertising

REVIEW OF THE BRITISH CORN…

News
Cite
Share

REVIEW OF THE BRITISH CORN TRADE. Some very bright and springlike days have been enjoyed since the thaw set in, and there have also been rough days of high wind and driving rain. A few districts have been visited by floods, but on the whole we have got over the transition from frost to thaw without much inconvenience. The wheat revealed to sight by the melted snow is very green and regular, not at all too forward for the beginning of February, but evidently well rooted and nourished. The soil is not at all fit for spring sowings, but there is yet plenty of time in this I respect. Wheat and barley threshings have been heavier than enquiry gave any warrant for, but farmers seem to have but little hope of getting better prices later in the season, and so are eager to have a clearanee at present terms. Wheat, without being dear, is not exactly depressed, but the value of barley is seriously reduced on the twelvemonth, and represents an important abate- ment on farmers' profits, especially in such counties as Norfolk, Suffolk, and Cambridge. There has been 6d. decline on the London wheat average during the past week, and on Tuesday 6d. decline on English sorts was conceded at Leeds and Ipswich. On Wednesday Boston market reported lessened offers on English wheat, and also lessened enquiry. Prices were unaltered. In the West ofiEngland, at Hereford and Wolverhampton, home produce barely maintained value, and in Scotland the samples from the Lothians were parted with at 6d. reduction to sellere both at Edinburgh and Glasgow. The Norfolk and Suffolk markets were stationary but very dull. At Bristol on Thursday we found this great western entreport very inactive for English wheat, while the liberal offerings of home-grown malting barley of secondary quality led to Is. decline being accepted. A slight improvement in aver&ge quality has saved London from a similiar alteration; in fact, Mark Lane for English barley shows 2d. improvement on the week. On Friday a breath of encouragement came from that usually" distressful country," Ireland. The demand for wheat at Belfast enabled holders to realise 3d. to 6d. per qr. advance, and at currencies Dublin reported a better trade on the week. The English country markets of Friday and Saturday were firm for dry samples of wheat, and occa- sionally 6d. dearer for English oats and beans, but ordinary lots of wheat and barley rather favoured buyers. The trade in imported staples has not been vigorous, but Liverpool for wheat on Friday was firm, and London resisted any quotation of decline. The return of snowfall in Russia and the vast masses of floating ice which impede Black Sea navigation ought to have strengthened holders' hands, but the influence of the mild weather has been heavy in western Eur ope, and for the time being not to be gainsaid. The trade in imported descriptions of spring corn, &c., has been firm for oats, beans, and maize, inanimate for barley, rye, and peas, and depressed for oilseeds. Barley on passage is a full average expectation. The foreign malting sorts are not now mnch in evidence, but 8,0)0 qrs. are coming from Californian, and Ham- burg is likely to send a fair quantity with the re- opening of navigation. The resumed navigation of the sound has led to 3d. less money being taken for oats in London, while Irish oats at Bristol are also 3d. lower on the week. The price of American miize ranges from 25s. to 26s. at the principal British markets, and New York quotes 63 cents per bushel (21s. per qr.) For round and yellow corn former prices are made. The Financial Chronicle, a New York journal of considerable reputation for "safe estimates," publishes a report of the recent maize crop, which it puts at 1,489,970,000 bushels, the Government estimate published in December having been 1,568,874,000 bushels. The decline in the yield appears to be progressive in the States of Illinois, Indiana, Ohio, Kentucky, Pennsylvania, and New York, but the champion state, Iowa, is subject to great fluctuations, and no general conclusions can be drawn from the report3 of Missouri, Nebraska, Michigan, or Tennessee. In the entire Union, however, it seems literally, clear that the maize yield is slightly on the down line, apart from the fluctuations caused by the climate of different years. Russia continues to ship maize at the rate of about 33,000 qrs. weekly. It is not a large quantity, but its aid to the market is appreciable. With respect to oilseeds, lower prices have again to be quoted, 41s 3d. being taken for Calcutta linseed against 41s 9d. a week ago, and rapeseed showing a similiar tendency in buyers' favour—Mark Lane Express.

MARKETS.

Advertising

BETTER THAN WEALTH.

DEATH OF MR. BRADLAUGH.

Advertising