174. 



THE FARMER'S MAGAZINE. 



from the near counties was quite scanty, millers 

 expected to be able to obtain a reduction of 2s. on 

 former prices. To this factors not agreeing, nearly 

 the entire show of samples was left on the stands, 

 the business in foreign being almost nothing. On 

 the following day there was more disposition to 

 buy, there being found no advantage by the delay. 

 This week was so uniformly dull all through the 

 country that scarcely any variations in the different 

 markets could be quoted, the tendency as the week 

 advanced pointing more to a decline ; Liverpool, so 

 often differing in its reports from London and 

 other markets, agreeing in the general calm at 

 unaltered rates. 



On the second Monday supplies were still more 

 moderate, those for the morning included; but 

 the weather having been remarkably fine and 

 forcing, with a prospect of an early harvest, factors 

 were fully prepared to concede an abatement of 3s. 

 per qr., to make a clearance of their English 

 samples; but millers saw their advantage, and still 

 kept aloof from the market. Some few samples 

 were made at the Kentish stands to necessitous 

 buyers ; but generally the previous Monday's 

 course was re-enacted, and factors left with their 

 samples unsold. Foreign to sell must have svdj- 

 mitted to a free reduction, but there were few 

 holders inclined to press sales. At the proposed 

 London decline a good deal of business passed 

 this week in the country; Boston, Leeds, Hull, and 

 other places accepting it; but Louth stood out, 

 though Lincoln, Norwich, and Woodbridge sub- 

 mitted to a fall of 48. to 5s. per qr. Liverpool, 

 like Louth, resisted the downward movement, 

 Tuesday being rather in buyers' favour, and Friday 

 favouring sellers. 



On the third Monday, with good arrivals through 

 the previous week, and almost no sales at the 

 English stands, though the morning's addition 

 was small, there was an accumulation, which, 

 pressing on factors, they would have accepted a 

 further abatement of 5s. per qr. ; but the fine 

 weather still serving millers as their guide, there 

 was a perfect suspense to trade, so much so that 

 some factors declined making quotations, as they 

 had become entirely nominal. Wednesday, how- 

 ever, brought millers round, and some business 

 was done at the proposed decline of 5s. per qr., 

 and there remained more tone in the market 

 through the week. The country only very partially 

 responded to this, what we may call, " abject state 

 of trade," for the small quantity on offer was in- 

 sufficient to produce a panic. Leeds, Wakefield, 

 and Newark only made the difference Is. to '2s. 

 less per qr. Lynn, Birmingham, and Bristol were 

 but 2s. to 3s. lower, and Gloucester 4s. ; but 

 Louth, this time, agreed with London, and made 



the fall 5s. Norwich, however, did not change the 

 rates, and Newcastle recovered Is. to 2s. on the 

 Tuesday's decline. Liverpool made no further 

 retrograde movement on the Tuesday, and on her 

 last market quoted 2d. per 70lbs. advance. 



The fourth and last Monday came, and no 

 further decline was found necessary, though the 

 foreign supplies were larger than in any week 

 previous, ^millers buying steadily, though not 

 very quickly at the nominal quotations of the 

 previous day's se'nnight. In some instances there 

 was rather more money made, but the general un- 

 certainty of previous rates made the improvement 

 scarcely quotable. Rain falling on the following 

 night plentifully, the probability is that country 

 markets would rather improve than otherwise, 

 there being a great extent of wheat cut and in 

 sheaf; though should it take up, it will be rather 

 beneficial than otherwise. Liverpool, on Tuesday, 

 was firm, as was London on Wednesday, rather 

 pointing upwards. As compared with this time 

 last year, the general foreign supplies have 

 greatly fallen off, but prices were then 13s. 

 5d. higher than at present, and more uncertainty 

 existed as to the holding out of stocks. The 

 supply in London for the month has been 19,269 

 qrs. English, and 61,563 qrs. foreign; this is a 

 decline as compared with June of about 9,000 qrs. 

 weekly. The exports for the month were 2,995 

 qrs. wheat, 456 qrs. barley, 557 qrs. oats and 

 beans, 9 qrs. peas, 61 sacks flour, 60 qrs. malt, 

 and 200 qrs. maize. 



In country flour there has been a great reduction 

 in the course of the month, the first Monday 

 commencing for Norfolks at 48s. per sack, and the 

 last closing at 40s. : but in American samples 

 there has been scarcely a greater reduction than 2s. 

 to 3s. per brl. Town-made samples we have noted 

 have not altered, though it is fair to state that in the 

 last month of June Norfolks were 50s., approaching 

 to within 4s. of the best town quality, when millers 

 were not induced to raise them to a relative value. 

 As is usual at this period of the year, supplies since 

 last month have fallen off, the fear of the condition, 

 as well as reduction in the demand, operating with 

 country millers to reduce the quantity sent up; 

 they, however, have been fair, viz., 49,189 sacks 

 country, 5,088 barrels and 6,081 sacks foreign. 



Barley has very little changed in value during 

 the month, the plentiful foreign supplies and easi- 

 ness of the new crop making up for the clearance 

 of the stock of old EngUsh. New samples have 

 appeared from Kent, beautifully dry and sweet, but 

 not so kindly as could have been desired. The 

 prices made have been 42s. and 44s. in the last 

 sales ; and as old Saale has been making 43s. 6d., 

 and the barley crop though broad is not expected 



