13 JUNE 1868, Page 3
There has been a panic in Mark Lane, where the
Corn-factors nowadays bet as heavily as their brethren of the Stock Exchange. On Monday, the 1st inst., two speculators failed, corn went down 14s. per quarter, and farmers thought they were going to be ruined. It was, however, a false alarm. The stock of old wheat, without which new wheat cannot be ground, is very low, the profits on imports from great distances are still small, prices have crept up again, and however good the crop, it is improbable -that the average will sink this year below 64s. per quarter. Farmers can cultivate at that price, even if barley should remain at its present " disappointing " figure.