THE FARMER'S MAGAZINE. 



155 



The casualties at sea have been unusually heavy, 40,000 qrs. 

 having been lost, but for which our import would have been at 

 least 1,300,000 qrs. 



To this port the East Indies last year supplied nearly 

 350,000 qrs., the Black Sea about 35,000 qrs., and the 

 remainder was made up of cotchels from the Baltic, Arch- 

 angel, Alexandria, &c. The direct re-export from England 

 amounts only to about 90,000 qrs. against 150,000 qrs. in 1858, 

 and 30,000 qrs. in 1857. 



The agsiregate into the United Kingdom is made up 

 of about 300,000 qrs. from Bombay, 250,000 qrs.from Calcutta, 

 135,000 qra. from Petersburg, 41,000 qrs. from Archangeh 

 90,000 qrs. from Riga (inchidiug 21,000 qrs. sowing seed), 

 40,000 qrs. lower Baltic ports, and remainder made up 

 of Alexandrian and other Mediterranean porta and sundries. 



Tiie Black Sea cargoes calling at Falmouth for orders, con- 

 sisted of about half-a-million quarters, which were discharged 

 as follows :— Hull, 229,700 qrs. ; London, 33,350 ; Grimsby, 

 31,550; Ipswiph, 18,950 ; Lynn, 12,200; Liverpool, 11,400 ; 

 Boston, 10,100 ; Southampton, 9,000 ; Newcastle, 8,900 ; 

 Yarmouth, 7,600 ; Gloucester, 5,300 ; Dublin, 5,150 ; Lowes- 

 toft, 4,550; Dover, 3,650; Leith, 2,650; Rochester, 1,900 ; 

 77.800 quarters went to Antwerp; 12,150 to Amsterdam; 

 6,800 to Ghent ; 3,100 to Rotterdam; 1,550 to Termonde; 

 1,200 to Delft ; and 1,200 to Bruges. 



The direct export from the north of Russia to continental 

 ports has been in excess of 1858, and consisted of about 20,000 

 qrs. from Petersburg, 16,000 qrs. from Archangel, 54,000 qrs. 

 from Riga, and about a similar quantity from Memel, Konigs- 

 berg, &c., also 62,500 qrs. of sowing seed from Riga. 



LINSEED OIL has, throughout the year, been in excellent 

 demand ; but the supply has been so large, and holders so 

 unwilling to hold stock in the face of the daily increasing 

 manufacture of the article, that, although prices have been 

 fairly sustained, the value has steadily (excepting a momentary 

 interval at the end of April) declined, and marks nearly as low 

 to-day as at any date since our last. In January the price 

 was £30 to £29, in February almost £30. During March it 

 declined below £29, whilst in April it receded to nearly £28 ; 

 but the political rumours which at this time influenced seed 

 ioflueuced it also, and £31 was once paid. Before the end 

 of May £28 10s. was with difficulty obtained, but in June a 

 moderate American demand kept it firm at that price, and 

 during July, August, and September, it scarcely varied 5s. per 

 ton, occasionally a large business doing, and sometimes a very 

 flat market, at about £28 10s. In October a diminished ex- 

 port trade (which until now had taken oflf all the surplus oil) 

 had the effect of reducing the price to £27, when numerous 

 speculative forward purchases, at about 20s. per ton advance 

 over the spot price, caused a reaction to £28 ; but, the inquiry 

 for future deliveries ceasing, the market has since relapsed to 

 £27 lOs., and during all last month was not easy of sale 

 thereat. The probable prices of seed should keep the value at 

 least at its present quotation ; but unless the export inquiry is 

 renewed, and contmued at an undiminished rate, stocks must 

 accumulate, for the home trade alone would not be able to take 

 off the quantity made. France and Italy have again taken an 

 unusual quantity, and the export is the largest ever known, 

 namely, as nearly as possible 30,000 tons, against 26,000 tons 

 in 1858,16,250 tons in 1857,28,000 tons in 1856, and 17,500 

 tons in 1855. To-day the demand is somewhat better, and oil 

 with difficulty obtained at £27 10s. 



LINSEED CAKES. — There was a steady trade during 



the early months of last year, with scarcely any fluctuation 

 in the value, town-made ruling at £9 15s. from January to 

 April. Early in May the improved tone in the wheat mar- 

 ket caused a rise to £10, which, however, was not main- 

 tained, and in June £'J 15s. was again the value; since this, 

 we have gradually receded to £9 5s., and have a good 

 demand to-day thereat. 



Of foreign, the import into the United Kingdom will be 

 about 10 per cent, in excess of 1858. As with English, 

 there was very little alteration in value during the first four 

 months of the year, prices being £9 15s. New York bags, 

 and £10 2.'5. O'd barrels; but early in Maj', iuilueuced by 

 the causes above mentioned, price; improved to £10 lOs. for 

 barrels, and £10 to £10 5s. for bags. The rise speedily 

 brought about a reaction, assisted by heavj' arrivals in June, 

 and prices tlien touched £9 5s. for bags — £9 15s. barrels; 

 these rates, with scarcely any variation, have been ruling to 

 the present time, and to-day our quotation for barrels is £9 

 15s., and bags £9 5s. Square Marseilles is £8 5s. c. f. & i., 

 which has been about the average quotation throughout the 

 year for this description. Our stocks are unusually light, 

 with a meagre prospect of supply, that any cause bringing 

 about an increased demand will probably enhance the value 

 to the corresponding periods of last year. 



RAPESEED AND OTHER OIL SEEDS.— The im- 

 port is enormous, and double that of even the large quantity 

 of the previous year ; all the excess, however, namely, nearly 

 200,000 qrs., has been re-shipped to various continental 

 ports, but large stocks are still held, and about 60,000 qrs. 

 rape and 25,000 qrs. of other oil seeds remain in warehouse. 

 Alloat there is less than usual, say undsr 50,000 qrs. of all 

 descriptions. Calcutta rapeseed ranged from 53s. to 40s., 

 and then steadily up again to about 45s., which is its present 

 value. Fine Rombay is 55s.; poppy seed, 4Cs. ; Niger 

 seed, 3Gs. ; Teel, Sessame, Sursee, and Gingelly, 45s. to 

 50s., according to qualitj', all being lower quotations than 

 those of last year. 



RAPE OIL continues to increase in consumption, and 

 the range of prices has greatly assimilated to that of 1858, 

 namely, 393. to 483. for foreign refined oil. The make 

 of English oil has also been greater than formerly, and we 

 are glad to note that the prejudices which existed against 

 it are gradually dying away, and it goes into consumption 

 freel}^ at a difference of about 23. Gd. per cwt. below the 

 rates for foreign oil. The value has steadily receded aince 

 January last from 48s. to 40s., the latter being our quotation 

 to-day. 



RAPE CAKES, owing to the large import of rapeseed, 

 have been in great supply ; the price opened at about £5 

 5s. for English, and remained thereat until July; it has 

 aince dropped to £4 to £4 10s., with a fair demand. 

 Foreign have been in very short supply, and have ruled at 

 about 10s. to los. above town-made. 



TALLOW. — The ordinary principles which govern the 

 price of articles of commerce, namely, the question of supply 

 and demand, seem to have forsaken this article, and the 

 market is so ruled by purely speculative operations, that it 

 is beyond our province to attempt to follow its various 

 ramifications. The value has ranged from 51s. to 60s, 573. 

 Gd. being to-day's price, and, owing to the artificially high 

 rates maintained, the consumption has fallen off about 25 

 per cent, since June last. Edwards, Eastty and Co. 



London, Jan, 2. 



THE LEATHER TRADE IN 1859. 



In taking a review of the Leather Market for the past year, 

 we have to remark, as one of its most striking features, a gra- 

 dual and steady recovery from the effects of the late panic. 

 Mouth by month we have had to record increased firmness as 

 respects prices, without adequate supplies of many articles to 

 meet the requirements of the trade. The war, which broke 

 out on the Continent early in the year, gave an additional im- 

 petus to trade, and large quantities of hides, as well as leEther, 

 were required for army purposes. The value of hides became 

 considerably enhanced, which induced tanners to operate with 



caution, and a diminished manufacture resulted, eo that no 

 accumulation of stock has arisen. The bulk of leather im- 

 ported is about the same as during previous years, but consists 

 chiefly of tanned East India kips, which have been in very 

 large supply; a considerable number, however, have been 

 exported to America ; so^that our receipts from other parts 

 have fallen off, which may be attributed to the large require- 

 ments on the Contiuent for their respective armies. The 

 leather trade may therefore be regarded as in a sound and 

 satisfactory condition, with every prospect that present prices 



