( XXIV ) 
rican commenced at GGs. to 74s. for best; tlie rates current in 
America left no profit for shippers at these prices. For the little 
fine quantity of English cheese left on hand in June, high rates 
were obtained. New American found buyers fast to hand. In 
July, the season for fine old English may be said to be brought to a 
close, and the weather this season has been too warm to bring new 
freely to market ; 8Gs. to 90s. still quoted for finest Cheddar, and 
80s. to 88s for finest Cheshire. American has arrived more freely 
and — to prevent accumulation of stocks — has been offered at mode- 
rate prices ; 58s. to 62s. In October, arrivals of American fell off 
considerably in quantity. In December, the extreme quotations 
for Cheddar were 70s. to 90s., Cheshire 74s. to 84s. for best, and 56s. 
to 64s. for middling quality. American best 66s. to 70s., a few at 
72s., and middling parcels 56s. to 60s. 
" According to the ' New York Shipping and Commercial List' of 
August 31, the American export trade in cheese has assumed 
enormous proportions, England taking nearly all the suiplus 
product. 
" It is mainly," it adds, " carried in steamers, and the rate this 
season has been quite uniform at 40s. to Liverpool and 50s. to 
London. The price of American cheese has lately advanced in the 
English market, with a corresponding rise here. The competition 
among English buyers is so sharp that they do not wait for the 
product to reach our market, but contiact for it at the sources of 
supply often before it is made. The shipments hence to England 
have for some time past averaged about 100,000 boxes weekly, the 
freight engagements in a single day this week having reached 
65,000 boxes — by far the largest transactions which have ever 
before been made in a single day. Prime State Factory cheese has 
been selling the present week at 13 to 14i cents, the latter price for 
a fancy article. Some of the dealers are doubtful if the present 
prices in the English market can be sustained, and seem to look for 
an early reaction. Stocks here are sold up close to the i^roduction, 
and contracts in some" instances have been made ahead, and, as 
meat provisions in England'' are scarce and dear, the reliance of her 
population must necessaril} be more than ever upon cheese, — a 
circumstance that would seem to, lessen the chances of a return to 
lower prices." 
