191 1.] Live and Dead Meat Trade in July. 



441 



not ship any yellow corn in the course of the month. The shipments 

 of the month included 385,000 qrs. of fiat corn from North America, 

 very much below the quantity anticipated, 1,333,000 qrs. of round corn 

 from Russia, and 1,313,000 qrs. of round corn from Europe S.E., both 

 these latter items greatly exceeding" expectation. 



Oilseeds and Oilcake. — All sorts of oilcake are cheaper as compared 

 with this time last year, and cottonseed cake has lately been attracting 

 a larger sale than is usual for the season. Linseed and cottonseed 

 remain dear without the quotations being anything very striking. Very 

 little linseed is to be had under 70s. per qr. India has a good surplus 

 of rapeseed, which is being very steadily exported, though the United 

 Kingdom is, as usual, but a small buyer. Egyptian exports of cotton- 

 seed for eleven months of the cereal year are about 430,000 tons. Hull 

 has bought more freely than any other port. Total shipments of linseed 

 from all countries, January ist-July 31st, were 3,200,000 qrs., against 

 3,801,000 qrs. last season, and 5,079,000 qrs. in the season before. 

 July shipments of linseed were 127,000 qrs. from Argentina, 326,000 qrs. 

 from India, and 50,000 qrs. from Russia. There were also small ship- 

 ments from Morocco, Holland, and Turkey. The quantity of linseed 

 on passage on 31st, 203,000 qrs., was a full average, but did not 

 exceed it. 



Various. — A month of great excitement has marked the trade in 

 beet sugar. Crop reports week after week deepened in gravity from all 

 the great producing regions, and at one time 13s. 6d. per cwt. (45. 6d. 

 above January) was obtainable. Opinion is not now quite so pessimistic, 

 but a monthly review can indicate no precise values where a staple is 

 fluctuating daily. Rice has been a strong market for the raw product, 

 and the advance of 10s. to 155'. per ton in the by-products of the mill has 

 caused increased sales, at 5s. per ton rise, of ricemeal and ricebran. 

 Soy bean cake is a small supply and also a small inquiry just now. 

 The market for soy beans has been dull, and prices favour buyers. Of 

 soy beans there w^re on passage on July 31st about 52,000 tons. A 

 large shipping trade was done in rye, August ist-July 31st, over 

 5,200,000 qrs. being exported (mainl}'- by Russia), against 2,600,000 qrs. 

 in the previous shipping year. Very little has come to our shores, but 

 the exceptional business is worth recording. 



THE LIVE AND DEAD MEAT TRADE IN JULY. 

 A. T. Matthews. 



Fat Cattle. — The break in the long drought that occurred in June 

 was only temporary, and the absence of rain and the great heat have 

 added greatly to the graziers' troubles during July. Stores, purchased 

 at very high prices, have had to be sold at very little more than cost. 

 In seasons like the present, when the pastures are burnt up, it is 

 inevitable that market prices must suffer from the number of immature 

 I animals sent forward to relieve the pressure on the food resources of 

 ' the farm. Continued heat also diminishes the consumptive demand 

 for flesh foods, and, with these influences at work, it is not surprising 

 that the average prices of fat cattle to-day should be less by just about 

 i>. per stone than Ihev were a vear ago. 



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