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REVIEW OF THE BRITISH CORN…

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REVIEW OF THE BRITISH CORN TRADE. The slight showers which fell locally on Satur- day and Sunday were welcome as indicating a roak m those anti-cyclonic conditions of weather which gave ns a rainless February. The autumn- sown grain looks well in all districts south of the rent, and spring sowings have not often been so orward as they are to-day. In the north of England ploughing is well in hand, and a start has been made with oat sowing and potato planting. The wheat area is regarded as now all but completed for the year. The recent markets for wheat have been firm in tone, though definite price advance has in most cases been Prohibited by the liberal offerings of farmers During Eebruary last it is computed that 704,670 qrs. of English wheat were sold, against 797.732 qts. in February, 1890, and only 610,725 qrs. in February, 1889. Under these circumstances, it is fairly satisfactory to be able to note an imperial average 2s. 6d. above that of 1890, and 2s. 9d. higher than the quotations of a couple of years ago. Farmers really appear to be regaining some heart. The sales of English wheat in January had been 768,109 qrs., and February, therefore, with 794,670 qu., showed an increase instead of a decrease. Quality and condition did not begin to amend before the third week of the month, and we, conse* quently, have to quote an average of 32s 4d for February, against one of 31s 9d for January. For eight consecutive years February prices have shown a slight reaction from the currencies of the New- Year. On the other hand, in 1889,1888. 1886,1884, 1883, 1881, and 1880—seven years out of the last decade — March witnessed an improvement on February terms. A reasonable hope, therefore, will attach to the same occurrence in tho present month. Foreign wheat is better held from a week ago, and that this is so in all markets is a healthier sign than definite price advance at a few only. The finer grades of foreign wheat are now in very good request, aad millers pay 363. to 37s. readily for valuable samples of not the finest quality. The Russian exports to date are larger thtn last year, lut less than in 1889; but Indian shipments have fallen away into insignificance, and there is nothing to depress the market in the total quantity of bread-stuffs afloat. Since harvest our average weekly impor s have been 3.55,088 qrs., as compared with 355,310 qrs. in the tame period of last cereal year and 384,109 qrs. in the year preceding. A well-known authority, however, regards our total of wheat in view for the future as 1,500,000 qrs, amiller than at this time two years ago. Present holdings of wheat by English farmers ar? reckoned by current number of Dornbusch's List at :i,976 935 qrs., and of tbe Miller at 3,930,370 qrs. As both these authorities have arrived at a closely similar conclusion, without taking any of the other's figures, or even working on tho same basis it may faYour Btron* in tavoui of the vtsw th it present holdings of farmers are slightly under 4,000.000 qrs. This with supplies afloat and in granary, will make a' little under 8,000,000 qrs. f >r the second half of the cereal yeir whereas 13,000,000 qrs. will be required. A total of 5.000,000 qrs. of wheat and flour have therefore, stili to bo procured from abroad, and the sense of this task having to be uccompii-hed is the root of the stronger and more active fed in* now animating the trade. With respeot to spring corn, the markets of tho week show uniform firmness. Bailey has advanced 3d. per qr. at HuH, Blrmlngham. and at the Scottish markets Oats are dearer on the week in London, and also at Bristol and Wakefield Maize has again advanced 3d per qr. at Mark Lane and Id per cental at Liverpool. A rise of 6d per qr. is quoted at most markets, while Southampton and Ws Keheld sho-v Is advance.—Mark Lane Express.

MARK E T S.

"THEY DROPPED OFF-POISONED…

GENERAL SIR JAMES HILLS-JOHNES,…

RAM, LAMPETER.

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