COMMERCE IN MAIZE GRAIN 513 



The high prices maintained during 1907 and 1908 were chap, 

 said to be due to the increased demand for maize for stock 

 food and manufacture in the United Kingdom and on the 

 Continent, coupled with very unfavourable reports of the crops 

 in all three of the leading areas of production, the United 

 States, Argentina, and South-Eastern Europe. 



491. Early Export Prices for South African Maize. — 

 When in 1908 American Mixed averaged 24s. 1 id. on the 

 London market, and La Plata 23s. 6d., South African White 

 Flat realized 26s. to 28s. per quarter, i.e. 10s. iod. to lis. 8d. 

 per muid. 



In September, 1908, sixty-eight bags of Transvaal white 

 maize shipped per S.S. " Tintagel Castle," for the Government, 

 were sold at 26s. 6d. per quarter ex ship. A consignment of 

 770 bags of white maize below grade sold at 27s. per quarter 

 c.i.f. ; "this maize was of an irregular description, and it was 

 solely owing to Plate maize coming forward damaged that so 

 high a price was obtained ". 



In September, 1909, South African yellow round, in passage 

 to London, sold at 27s. 7-jd., a fall of nearly is. on the previous 

 quotation. Prices were further reported as follows : — 



2 October , 1909. 



South African w.f., choice . . 25s. gd. to 26s. 3d. 



,, w.f., f.a.q. . . . 25s. 6d. to 26s. 



,, ,, w.r., f.a.q. . . . 24s. 6d. to 25s. 



,, ,, y.r., f.a.q. . . 24s. gd. 



7 October, igog. 



South African w.f., choice . 27s. 6d. for delivery Hamburg, October 



and November shipment. 

 ,, y.r. . . . 24s. arrived. 



12 October, igog. 

 South African y.r., afloat 24s. 



14 October, igog. 

 South African w.f., afloat 25s. 



3i 



