794 The Corn Markets in November. [dec, 



are about is. lower on the year, 23s. 6d., against 245. 6d. ; but stone- 

 made flour keeps up well in price, and Standard — i.e., 80 per cent, 

 type — is 6d. dearer on the month. There is a good sale of 

 fine American wheat ground in the best London mills. This flour is 

 very steady at 28s. 6d. for cash. American flour has had a wide range, 

 23s. yd. to 24s. being accepted for first bakers' type, and 315. 6d. paid 

 for fancy north-western spring. A good sample of north-western, such 

 as Pillsbury's Best, can be had for 30s. per sack. Canadian best may 

 be put at this level, with 28s. yd. to 29s. paid for Manitoba straights. 

 The prices of Canadian for January shipment are lower than the spot 

 values. Argentina is promising to ship a good deal of flour in 19 12. 

 The best price asked is 27s., and the poorer types come at 235. per 

 sack. The market for Australian has been poor, but there has been 

 some rally in Hungarian, and in Roumanian a fair business, at 32s. to 

 34s. per sack, has passed. There were on the 30th 230,000 sacks, a 

 very ordinary quantity, on passage. November shipments were 519,000 

 sacks from North America. 



Barley. — Great firmness has continued to characterise this branch 

 of the market, and some very high averages have been recorded for 

 British markets. There is a rise in the mean value for the month. 

 Californian, on arrival, has been promptly absorbed, and to-day only 

 35,000 qr. are on passage, while the spot offerings are practically nil. 

 Prices naturally favour holders. Some 70,000 qr. of barley are on 

 passage from Mediterranean ports, and will be found serviceable. 

 Russian barley on passage amounts to 315,000 qr., and after a month 

 of almost daily fluctuations, closed well on the holders' side of 6s. 

 per cental. A good demand for Indian at 25s. to 255. 6d. per 400 lb. 

 exists, and the market could take a greatly increased supply of a 

 cereal for which large areas in India are well fitted. 



The barley shipments of November were 35,000 qr. from North 

 America; 2,038,000 qr. from Russia; 469,000 qr. from Roumania and 

 Bulgaria; 50,000 qr. from India and Persia; and 5,000 qr. from Spain. 

 The last item is an interesting revival in a very old source of barley 

 supply. There are now 475,000 qr. on passage altogether. This is 1 

 not a large aggregate, though, as we have seen, the Russian con- 

 tribution is large. 



Oats. — Canada sent off in November 25,000 qr. only. Our market i 

 is paying a full guinea for 320 lb., and could take an indefinitely 

 increased supply. The "Canada Year Book," recently published, 

 shows that the average price on the farm for 1910 was only 12s. yd. 

 per qr., so that an excellent margin for trade should exist. South 

 America shipped 165,000 qr., mainly very poor stuff of thick husk and j 

 about 288 lb. in natural weight. These oats are being sold at our ports 

 for 17s. to 18s., the weight being made up to 304 lb. 



Russia has shipped 845,000 qr. and Europe S.E. 326,000 qr. ; the 

 Roumanian and Bulgarian on arrival are sold for 175. per 304 lb., the 

 Russian often being held for 18s. The supply of heavy oats, 320 to 

 336 lb., being in effect confined to farmers' deliveries, the month's 

 average has shown a shilling rise even where markets have been I 

 continuously reported as dull. The quantity on passage is about 

 250,000 qr., and includes far too great a proportion of the poorest j 

 qualities. 



