336 



The Corn Markets in June. 



[JULY, 



Marmora, from region of shipment, or as Ouchak, from the uplands, 

 where much of it is grown. The price of Chilian is 29s. and 32s., and 

 of Californian brewing 305. to 315.; these prices are per 448 lb. June 

 shipments were 1,949,000 qrs. from Russia; 126,000 qrs. from Europe, 

 S.E. ; 16,000 qrs. from California; and 15,000 qrs. from Chile. The 

 quantity on passage, 390,000 qrs., is not heavy. 



Oats. — There is no appreciable change in the average for home- 

 grown oats. Argentine have been freely offered, and 13s. 6d., the 

 mean price on the 30th, was 3d. lower, from 135. gcL, the very low 

 quotation on the first. Russian 304 lb., worth 15s. 3d. at the end of 

 May, made 145. 6d. for like quality on the last day of June, but for 

 a better quality there was an improved sale at 16s. 6d. per 320 lb. 

 Anything of fair to good weight, in fact, was appreciating rather than 

 declining. June shipments were 149,000 qrs. from North America, 

 161,000 qrs. from South America, 517,000 qrs. from Russia, 48,000 qrs. 

 from Chile, and 8,000 qrs. from Roumania. The supply on passage on 

 the 30th, 330,000 qrs., showed 80,000 qrs. reduction on the month. 



Maize— The rainy period in Argentina came to an end with May, 

 and the crop secured early in April has had a month's drying weather. 

 It is now coming down to the seaboard in quantity, and affects the 

 market situation in Great Britain. The offers to ship at a guinea per 

 quarter, cost, freight and insurance, to London, tend to lower spot 

 values while they continue, but the month did not close without signs of 

 stronger holding in Argentina. London values on the last day of June 

 were 255. for old Argentine on spot, and 235. new for August delivery. 

 Odessa made 235., Natal 245., and American 255. per qr. New small 

 Cinquantina realised 315. per qr. It can be used unsplit and unbroken 

 for many feeding purposes. Shipments of maize for June were 87,000 

 qrs. from North America (small), 700,000 qrs. from South America 

 (fair), 191,000 qrs. from Russia (fair), and 558,000 qrs. from Europe 

 S.E. (unusually good). The supply on passage by the 30th had risen 

 to 680,000 qrs., mainly in consequence of Argentine new crop shipments 

 during the concluding fortnight. 



Oilseeds. — There is more doing in these staples than a month ago. 

 Indian linseed makes 575. per. 410 lb., and Argentine 565. per 416 lb. 

 The shipments for June from India were 404,000 qrs., while from 

 Argentina only 118,000 qrs. cleared. Some buyers, therefore, are in- 

 clined to concentrate on Argentine. Indian brown rapeseed is held for 

 385. per 416 lb. Cottonseed at £8 per ton for fine Egyptian is cheap by 

 comparison with this year's prices, January to May inclusive. The new 

 crop for November shipment is being held for ^7 iys. 6d. per ton. 



Oilcake. — At ^7 175. 6d., the best London-made linseed cake is 

 125. 6d. cheaper on the month, and should be well worth buying. The 

 best cottonseed cake at six guineas is 55. 3d. down, and similarly com- 

 mends itself to the buyer with storage room. Soy bean cake on the 

 30th was selling steadily at 155. per ton ex mill. 



Various Feedingstuffs. — Beet sugar is scarce on spot, and commands. 

 155. per cwt. for prompt delivery. The price for November shipment 

 from Hamburg or Trieste of North or South German is 115. gd. to 125. 

 per cwt. only. Canaryseed is dearer on the month, but may still be 

 had for 425. per quarter. 



