1909.] The Corn Markets in September. 



601 



position, and has fallen to 205. 6d. per quarter on spot, and 

 55. per cental to buyers of whole cargoes on passage. The 

 number of these has increased, and they stood on the 30th 

 for some 390,000 qrs. of feeding barley. Of 448 lb. " brew- 

 ing barley " 120,000 qrs. were on passage from California, 40,000 qrs. 

 from Anatolia, and 20,000 qrs. from Chili. Sound malting barley is 

 sure of a good demand in October and November, and "brewing 

 barley," the 448 lb. type just below " malting " grade, is also likely to 

 have a steady sale. The autumn barley trade, however, is unusually 

 late this season in making a start. Shipments for September were 

 2,050,000 qrs. from Russia, 75,000 qrs. from America, and 220,000 qrs. 

 from Roumania. 



Oats. — New winter oats were welcome and secured a ready sale. 

 This has happened for some successive Septembers, and suggests that 

 the area sown might sustain some increase without the market for early 

 ripened oats being depressed by over-supply. The new crop of ordinary 

 spring-sown oats has come into effective supply very late this season. 

 Prices, considering condition, are fair. The grower should note the 

 decline in the area sown ; the total supply will needs be less to this 

 extent, and the flood of foreign oats affects the British market for home 

 produce very little. If the farmer cannot grow oats which exceed 

 304 lb. in average weight, the cultivation of other crops is indicated. 

 But over 80 per cent, of oats imported do not exceed 304 lb. to the 

 quarter, and these inferior articles in no way influence values for oats 

 from 312 lb. to 344 lb. weight. Shipments for September were 

 21,000 qrs. from Argentina, 497,000 qrs. from Russia, and 15,000 qrs. 

 from South Africa. The shipment of oats from the British colonies of 

 the Cape, Natal, and Rhodesia is an auspicious sign of a developing 

 agriculture under the British flag. 



Maize.- — At the end of August fair average quality maize was tenta- 

 tively averaged in this survey at 26s. ; on September 29th the average 

 of five types quoted at Mark Lane was 255. 6d. per qr. The fall has been 

 mainly in Russian sorts. Demand has been fair, but the shadow of 

 America's new crop is over the trade and value continues difficult 

 to maintain. Shipments for September were 663,000 qrs. from North 

 America, 270,000 qrs. from South America, 158,000 qrs. from Russia, 

 and 431,000 qrs. from Roumania, Bulgaria, and European Turkey. 

 There were also some minor shipments from South Africa and from 

 Burma. On the 30th there were 910,000 qrs. on passage, which is 

 above the average. 



Pulse. — An extraordinary demand for tares for autumn sowing sprang 

 up about the 15th and lasted till the close of the month, by which date 

 it was mostly satisfied. Owing to this particular variety of tares being 

 always within a small compass and an unusually large proportion of the 

 supply being below seeding quality, prices rose within the fourteen days 

 from 45. to Ss. per bushel, and a few quarters changed hands at a level 

 1005. per 532 lb., that weight being expected in seeding quality. It 

 should be noted that the agricultural returns show an increased culti- 

 vation of tares. Beans and peas have been a quiet, uneventful trade. 



Oilseeds. — Perhaps the most salient feature of the month was the 

 opening of a trade in linseed between London and Manitoba. The 



