354 



The Corn Markets in June. [July, 



portation. In Canada, Winnipeg's price of 30s. 6d. for October 

 delivery of new crop, against 325. yd. for July delivery of old, witnessed 

 to the trade view of harvest prospects being decidedly favourable. The 

 Indian new crop was officially reckoned on the June report as mate- 

 rially above an average, but shipments have not been taking place at 

 any eager rate, and the Indian wheat harvest is being held with con- 

 siderable confidence in its fetching a very fair price; 355. for white, 

 and 345. for red are about the mean values indicated. 



Flour. — A very poor inquiry from bakers has been recorded, and 

 although the fine early summer has been against retail demand for 

 bread, it is currently supposed that holdings at the bakeries are now 

 much reduced, and will require replenishment soon. The prices ruling 

 at the end of June thus compared with the new year a twelvemonth 

 previously; 1910 prices are given in brackets. Top-price, 315. (305.); 

 Town Whites, 28s. gd. (27s. 6d.) ; Town Households, 255. yd. (245. 6d.) ; 

 Best Country Patents, 275. 6d. (26s.); Country Straights, all English, 

 255. (22s. 6d.); Minnesota Best, 30s. 6d. (315. 6d.) ; Minnesota Patents, 

 265. 6d. (285.) ; Iron Duke, 235. (23s.) ; Kansas Patents, 265. (285.) ; 

 Australian, 265. (26s.); and fine Hungarian, 425. (395. 6d.). 

 " Standard," not a leading type a year ago, is now quoted 265. to 275. 

 London, 255. to 265. country. American shipments for June were fair, 

 468,000 sacks, but no other exporting country did much, and on the 

 30th only 174,000 sacks were on passage from all sources. 



Barley. — Russian feeding corn has maintained through June the 

 advance won in May, but' India and Persia have done something to 

 relieve the scarcity of this type, and value therefore has not been 

 further enhanced. Malting and brewing sorts have been very scarce, 

 but inquiry also being at a low ebb, no price changes are to be noted. 

 Russia shipped 1,981,000 qr., but of this total Continental purchasers 

 took by far the greater quantity. No other country shipped any im- j 

 portant quantities of barley. On the last day of the month there were | 

 300,000 qr. on passage. 



Oats. — British oats are again markedly dearer on the month, and ! 

 the profit realised on holding oats until they are well seasoned is shown ! 

 season after season. Imported oats are an instructive side-witness to 

 the British position, for despite a 30 per cent, increase of June imports 1 

 over those of May, the price has rather advanced than receded. Russia 

 in June completely distanced Argentina as a shipper, the totals being 

 respectively 1,061,000 qr. and 348,000 qr. There are now about half a 

 million quarters of foreign oats on passage, but the exhaustion of the 

 home crop is so nearly absolute that so far from this considerable total 

 depressing the markets, the talk thereat is rather as to the earliest 

 date at which the importer can assure delivery. The growing crop in 

 Great Britain was regarded by the exchanges of the 20th and 21st as 

 jeopardised by the drought, but then came the Coronation holidays, 

 which ended in a liberal rainfall, and before trade had been resumed 

 the drought anxiety had been somewhat allayed. 



Maize. — Russia and South-Eastern Europe have in no previous year 

 had so good a surplus available for early summer exportation. June 

 shipments of 600,000 qr. from Russia and of 1,028,000 qr. from Europe 

 S.E. have been the chief feature of the month, and have raised thej 

 supply on passage from 420,000 qr. to 710,000 qr. Argentina shipped 



