778 



The Corn Markets in November. 



[dec. 



the opening of the season. Sales have not differed materially from 

 those of the like period last year, but the yield, was more than six 

 hundred thousand quarters smaller, and consequently the stocks in 

 farmers' hands are materially less than was carried into December, 

 1909. Mark Lane on the 28th and 30th appeared conscious of this, 

 as despite large offers of imported wheat at reduced prices on the 

 month, English wheat was held with remarkable tenacity. East Kent 

 White made 345. to 355. per 504 lb., best Norfolk Red 34s. per 504 lb. 

 The French wheat referred to in market circulars and reports as offered 

 at 315. to 325. per 480 lb, is not wheat grown in France, for that 

 country is an importer, not exporter. It is wheat grown from French 

 seed, and known as Dreadnought, Marvel, Treasure, and Jolly Farmer, 

 for the firms introducing the French sorts have found it advantageous 

 to employ thoroughly English trade names. Chicken wheat of home 

 growth has had a free sale at 295. per 448 lb, but this is by no means 

 cheap by comparison with milling wheat, and, in fact, the price equals 

 315. per statute quarter of 480 lb. The imported kinds of wheat have 

 ranged from 335. for poor New Zealand, up to 385. for fine Manitoba. 

 Good medium sorts have been Australian at 375, North Russian at 

 365. 6d., white Calcutta at a like price, and the red wheat of the 

 Punjab at 35s. 6d. to 365. per qr. Large offers of Russian new crop 

 at 305. to 335. have occurred, but this price leaves cleaning and screen- 

 ing work of a costly nature to be done by the miller, and is not there- 

 fore nearly so favourable to him as at first glance might appear. 



Imports of breadstuff s for the first quarter of the cereal year have 

 not quite equalled those of last season. Shipments have been very 

 heavy, but Continental inquiry has been much above the average. 

 During November Russia sent off 3,115,000 qrs., Europe S.E. 1,170,000 

 qrs., North America 1,082,000 qrs. South America 218,000 qrs, India 

 442,000 qrs., and Australasia 317,000 qrs. The quantity on passage 

 on the last day of the month was 2,400,000 qrs, being 160,000 qrs. 

 increase on the thirty days. 



Flour. — Few price changes have occurred. Mark Lane on the 30th 

 quoted Top-price at 335., Household at 275. 3d., Country Roller Whites 

 at 255, and Stone-ground at 235. 6d. per sack for cash. Many, perhaps 

 most, buyers of the ordinary Household sort require credit and delivery, 

 and the official price to these was 285. 6d. American flour has not the 

 hold on British markets that it once had, but a moderate trade has 

 been done at 305. for Minneapolis, 295. for Minnesota, and 275. 6d. for 

 secondary Kansas. The Canadian flour offering at 275. to 29s. gives 

 satisfaction, as does Hungarian at 375. to 385. per sack. America in 

 November shipped 492,000 sacks, a very moderate quantity, and the 

 total on passage at the end of the month, 222,000 sacks, was also 

 quite moderate. 



Barley. — The low price accepted for British barley during the first 

 quarter of the new cereal year has been productive of exceptionally 

 large sales at the statute markets, 1,597,800 qrs. against 1,370,680 qrs. 

 last year. The average value during November was 255. 2d., but with 

 an upward tendency, particularly in London, towards the close. 

 Imported barley has not sold well, but Californian may be quoted as 

 commanding 305. to 335. per 448 lb., Anatolian (unscreened) 26s. to 285. 



