1909.] The Corn Markets in August. 511 



ready to receive the corn for thirty days, and has also to provide not 

 less than a clear month ahead for his own outgoings. 



The shipments of wheat for August were 773,000 qrs. from North 

 America, 277,000 qrs. from South America, 983,000 qrs. from Russia, 

 459,000 qrs. from Roumania and Bulgaria, 880,000 qrs. from India, 

 and 54,000 qrs. from Australasia. British possessions have shipped a 

 very fair proportion of the whole ; the North American total includes 

 substantial quantities of Dominion wheat. The supply on passage has 

 changed very little; 2,210,000 qrs. on the 1st, and 2,005,000 qrs. on the 

 31st of the month. Imports were fairly liberal in themselves, but, in a 

 month when home deliveries were at a low ebb, did not fully meet 

 requirements as ordinarily estimated. 



Flour.— It has been a good month for bakers so far as prices are 

 concerned, for while Household Flour for cash has fallen from 345. to 

 325. 6d. per sack, bread has undergone no modification as a rule. On 

 the other hand, the sales of bread were very small, abundance of green 

 vegetables being a probable cause of reduced demand. The price of the 

 finest grades of flour has not been altered, as supply has been small. 

 The country mills are adopting in some cases the American policy, and 

 on the 30th, at Mark Lane, one could buy country flour for September 

 delivery at 315. 6d. Roller Whites, and for October delivery at 305. 6d, 

 These low prices mean that the millers accept them in exchange for the 

 advantage of delivery when they please, so long as it is within the 

 month indicated. America at the close of the month was offering to 

 ship best Minneapolis at 345. gd., ordinary Minnesota First at 315. gd., 

 and Kansas ordinary at 295. 6d., prompt shipment. If, however, October 

 shipment would serve, these three prominent types could be had at 

 315., 29s., and 285. respectively. North America in August shipped 

 297,000 sacks. 



Barley. — The broken weather caused serious apprehensions as to the 

 finer malting samples getting stained and depreciated. The trade in 

 heavy barley was practically at a standstill. Grinding barley was quoted 

 a guinea per qr. for Russian at the end of the month. Russia shipped 

 1,078,000 qrs., but there were only 305,000 qrs. of all sorts, including 

 Californian, on passage on the 31st. Quite unusually heavy purchases 

 for the Continent are incidentally disclosed. 



Oats. — New winter oats came on sale at Mark Lane on the 9th, 

 20s. to 225. per 336 lb. being asked. Before the month was out prices 

 had fallen, igs. to 205. commanding ordinary 320 lb. grade. The winter 

 oats, however, have come in handily and sold well. The ordinary 

 spring crop did not make its appearance in appreciable quantity before 

 the 23rd, but during the last few days of the month sold freely at ijs. 

 to 185. per 312 lb. lots, 185. to 20s. for 320 lb. corn, and up to a full 

 guinea for good heavy Gartons, Pathfinders, Abundance, and other 

 named oats. Foreign sorts were cheap, for the prevalent 304 lb. sorts, 

 Argentine and Russian competing sharply at 175, Some better quality 

 Vologda oats made 185., and newly arrived South African fetched 

 iys. 6d. per qr. August shipments were 19,000 qrs. from North 

 America, 103,000 qrs. from South America, and 353,000 qrs. from 

 Russia. The supply on passage is small, but very heavy contracts for 

 October and November shipment from Russia are said to have been 

 signed. 



