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Globe, Volume VI, Issue 676, 19 August 1876, Page 4

The English Wheat Market.—A telegram dated New York, July 6tb, and published in San Francisco, says“ Latest mail -advices from abroad report great improvement in the condition of the growing grain crops in nearly all countries. In South Bnssia the harvest is near at hand, and from the present outlook a satisfactory yield will be had. Winter wheat has been damaged considerably in some sections, but the spring crop appears to • be a success generally, French advices • report a notable recovery from the damage occasioned by the late heavy thunder-storms, and. with one or two exceptions, the prospects are very favorable. The weather throughout Holland was settled, and daily improvement is reported in all cereal crops but rye. Prom Hungary there are some few complaints about wheat being in a smutty condition and the backwardness of maize, but on the whole there has been very general improvement since last advices. Complaints from Austria have all died out, and everything looks favorable for a good yield. In Algeria prospects are all that could be desired. Some samples of wheat, have been exhibited which promise well.” The following telegram is dated London, July 11th :—“The Mark Lane Express, in its weekly review of the British corn trade, says the neutrality of the Great Powers has prevented the warlike attitude of affairs from exercising as yet any great influence on the grain trade, though holders have evinced somewhat increased firmness. The present state of the trade, therefore, is one of watchfulness, accompanied by some anxiety, as there are weather risks, as well as war risks, to be considered. Supplies during the past week have again exceeded requirements, and wheat isjgoing into the granary, to await events. There has been a steady consumption demand during the week, although quieter at the close, there being little English either in the London or country markets. Floating cargoes have been depressed, owing to large arrivals at ports all of last week. There are indications of a decline and depressed markets. Quotations •re one shilling to one shilling and sixpence per quarter.”