( XX ) 
Dutch, as usual, was an unsettled market. In August the supplies 
were full average ; finest qualities moved oflf steadily, but inferiors 
were difficult ; sale and prices irregular. In September quotations 
for best Xormandy's began at 136s. to 144s., and closed at 142s. to 
146s. In October there was a steady demand for fine qualities, 
also for genuine useful kinds, but the stuff sent to represent butter 
was a difficult sale. In November the supplies were moderate ; 
there was a good demand for finest and good useful, but inferiors 
were difficult to sell ; there was a steady demand this month for 
best Normandy's throughout. In December the supplies of best 
foreign were equal to our wants, those of the inferior and adul- 
terated classes were in excess of them. 
Cheese. — In January there was a firm and steady market for the 
finest descriptions : quotations for the best Cheddar were 88s. to 
94s. ; best Cheshire, 86s. to 8Ss.; best American began at 72s. to 76s., 
and closed at 72s. to 74s. In February the market was firm for 
finest English, but holders of useful descriptions were desirous to 
effect sales ; although the arrivals of American were small, holders 
showed a desire to lessen their stocks. In March finest English 
was scarce and held firmly, but holders of second-rate qualities 
showed a desire to sell. In April finest English was held firmly, 
the season being a backward one, but holders of lower qualities 
' were anxious sellers; American supplies were liberal. Finest 
English cheese held firmly in May, but useful and second-rate 
qualities were pressed for sale. Americans, with some new on 
jiassage,' began to show symptoms of weakness, the sale of inferior 
qualities being anxiously pressed. In June the best old American 
was getting into a narrow compass, but great desire was shown to 
sell inferiors. In July there was very little really fine English on 
offer, for choice parcels high rates were asked, but anything of 
middling quality (owing to the low prices at which new American 
was offered) was difficult sale ; the supplies of new American into 
Liverpool this month were very large. In August the chief pait 
Ci the demand rested upon American, arrivals of which continued 
large. In September fine English held fiimly, second-rate qualities 
were difficult ; the demand rested chiefly upon American, prices 
for which were moderate, being amongst the cheapest articles of 
