1909.] 



The Corn Markets in November. 



775 



1,871,000 qrs., were very heavy, but the Continent took a larger pro- 

 portion than usual. On the 30th there were 675,000 qrs. on passage 

 to the United Kingdom, of which total 310,000 qrs. were Russian, 

 280,000 qrs. Californian, and 70,000 qrs. Anatolian. The remaining 

 15,000 qrs. were Chilian, Roumanian, Turkish, and Burmese. No 

 Canadian or Persian barley is in evidence on our markets at present. 



Oats. — Peterborough, a very low price centre for oats, closed October 

 at 165. 2d., and November at 16s. gd. per qr. This is a hopeful sign, 

 but late November quotations of 16s. qd. at Cambridge, 16s. Sd. at 

 Lincoln, 165. gd. at Norwich and 165. ud. at Berwick, argue that much 

 1909 produce will not be fed for any higher purpose than as a rough grist 

 for cattle, ranking, indeed, but little above the oat straw commonly 

 chaffed for the same purpose. A large yield per acre is needed to make 

 16s. qd, or even 165. ud. per qr. profitable. The imported oats which 

 have been pouring in from Russia, tended in later November to over- 

 whelm Mark Lane, where, on the 29th, 164,000 qrs. were newly tendered, 

 and sellers at 155. per 504 lb. had little custom. Roumania, on the 27th, 

 shipped 51,000 qrs. at 145. 6d. to 145. gd. Turkish oats are offering at 

 very low prices, and Argentina, with a crop ripening in early January, 

 is pressing late January and early February shipments at 145. 6d. per 

 304 lb. f.a.q. direct from London. The market for light oats seems to 

 be assured of low prices for some months ahead. November shipments 

 were 990,000 qrs. from Russia and 110,000 qrs. from all other countries. 

 There were on the 30th, 340,000 qrs. on passage to the United Kingdom. 



Maize. — A very level rate of imports has been maintained for two 

 months. Only 430,000 qrs. were on passage on the 30th, and prices 

 varied in London very little from a mean of 26s. per 480 lb. Liverpool 

 has a far larger choice, and ranged on the 30th from 55. 6d. per cental for 

 Burmese to 6s. yd. for finest Cinquantina. Probably, however, 90 per cent, 

 of the whole business passing was in Russian round at 55. yd., Natal flat 

 at 55. lod , La Plata yellow at 55. yd., and old American at 55. ud. per 

 cental. On the last day of November, the spot price for maize at New 

 York was 68 cents, per bushel, against 72 cents, in 1908, and 66 cents, 

 in 1907. The price at which America offers to ship new maize, properly 

 dried for use, in January, is 255. 3d. per 480 lb. to London, and 55. 3d. 

 per 100 lb. to Liverpool. 



Pidse. — The finest hand-picked blue peas command ^5 per 532 lb. 

 but the picking accounts for £1 of this. New Dun peas are in increased 

 offer at 34s. per 504 lb. The market for English beans is poor, as they 

 are mostly too soft for splitting. A good trade, however, was done 

 during November in Japanese beans at £*j 10s. per ton for Sakura, £j 

 for ordinary. Tares at Ss. to 85. 6d. per bushel rather hung on hand. 



Oilseeds. — Excitement marked some of the November markets for 

 oilseeds, and though a more quiet feeling ruled from the 23rd to the 30th, 

 prices were decidedly high. Good Indian, American, and Russian 

 linseed on the last day of the month was held for 585. per qr., and 

 Argentine, which was in fullest supply, made 565. Rapeseed ranged 

 from 325. for Joruba, to 62s. per qr. for English. Cottonseed from Egypt 

 was held for Ss. 6d. to 8s. 9^. per cwt. Other oilseeds offered were 

 Sesame at 49s. to 51s. per 384 lb., and Poppyseed at 53s. to 54s. per qr. 

 On the last of the month, there were on passage 70,000 qrs. of linseed, 



