The following report on the London grain market, by the New Zealand Loan and Mer cantile Agency Company (Limited), is dated March 25:--The corn trade does not show any improvement or activity. In Mark Lane on Monday the demand for wheat was very quiet, and prices gave way Is all round. Since then, with a change to colder weather, the market has become firmer; but the quan tity of this grain in sight is still much in ex cess of any demand likely to arise; and, in addition to that, what America is likely to send further on in the season, even at present currencies, is still an open and disturbing question. There will, doubtless, be slight fluctuations as the season advances, but there appears no prospect of sny material improve ment in prices at present. The imperial aver age of last week was 41s 9d; and our imports of wheat since the commencement of the season (Ist September last) are now close on 2,000,000 of quarters in excess of last season’s imports at same date. The floating cargo trade shows more life than the landed; the demand for fine wheat cargoes continuing at full rates. As regards farming operations, the season is unusually late, and all out-door work much in arrear. A return of mild spring-like weather is much wanted, as the wheat plant has made no visible progress for a long time, and the pastures now afford scarcely any nourishment for cattle.
