The Corn Markets in August. 515 



through the Legislature. A fair business has been done in Russian 

 feeding barley at about five shillings per cental. When prices fall to 

 this level, the bedrock of value appears to be reached, as inquiry 

 promptly freshens. August shipments were 1,360,000 qrs. from Russia, 

 100,000 qrs. from Europe S.E., and 55,000 qrs. from Pacific ports. 

 There were on the 31st, 295,000 qrs. on passage as compared with 

 200,000 qrs. at the end of July. 



Oats. — New winter oats appear to be of fair to good quality, 

 though not quite fit for immediate feeding use. They were secured, for 

 the most part, during the fine weather spell early in the month. Prices 

 vary from 185. to 205. per qr., the higher quotation securing 336 lb. 

 weight. The main or spring crop was not on sale in any appreciable 

 quantity during August. Imported oats were dull at 14s. per 304 lb. 

 or thereabouts for large purchases at the ports, and at five shillings 

 per cental on most inland markets. The August shipments were 

 1,057,000 qrs. from Russia and 110,000 qrs. from La Plata. All other 

 shippers failed to put together 50,000 qrs. between them. The quantity 

 on passage on the last day of the month was 410,000 qrs. 



Maize. — The great increase in the supply on passage, from 900,000 

 to 1,370,000 qrs., indicates the prospect of autumn deliveries to be 

 much above the average with respect to quantity. As over a million 

 quarters are yellow corn, a plethora of one type and a scarcity of the 

 others is probable, but, fortunately, the differences in maize are slight, 

 and the yellow sort will serve most feeding purposes. Shipments during 

 August were 39,000 qrs. from North America, 1,878,000 qrs. from South 

 America (Yellow Maize), 86,000 qrs. from Russia, 215,000 qrs. from 

 Europe S.E., and 15,000 qrs. from South Africa. Spot value at the 

 end of August averaged about 255. for the chief sorts, but Argentine 

 for future delivery was quoted at 235., and cargoes for October ship- 

 ment were offered at 22s. 6d. per qr. 



Oilseeds. — After a month of very stringent markets linseed closed 

 at 745. per 416 lb. for best Bombay, 725. per 410 lb. for good Calcutta, 

 68s. per 416 lb. for good La Plata, and at about that figure for English, 

 Russian, and Canadian if procurable. Rapeseed, sesame, poppyseed, 

 sunflowerseed, and cottonseed have all hardened in price in sympathy 

 with the leading oilseed. The new English rapeseed is of good quality 

 and is held for 60s. per 416 lb. On the last day of the month 

 150,000 qrs. of linseed, 19,000 qrs. of rapeseed, and 31,750 tons of 

 cottonseed were on passage. Linseed shipments for August were 

 267,000 qrs. from India, and 149,000 qrs. from South America. Oilcake 

 and seed oils follow the rising market for "raw material." 



Various. — New beans and peas are coming on sale at 31s. and 

 upwards. They are less depreciated by the unfavourable harvesting 

 than had been feared. Some very fine seed rye has fetched 28s. to 

 29s. per 492 lb., while ordinary new feeding rye is on offer at 23s. to 

 24^ per 472 lb. There is a remarkable scarcity of new trifolium seed, 

 which, being in immediate requisition, rose before August closed to 

 the remarkable price of 55s. per cwt. Fortunately for sowers, one-fifth 

 of a cwt. will suffice for an acre. 



