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REVIEW OF THE BRITISH CORN…

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REVIEW OF THE BRITISH CORN TRADE. Farmers are selling wonderfully little wheat for the time of year. When the deficiency was between 10 and 15 per cent. as compared with 1891, it was re- garded as a natural difference between the two crops. and when during the rainy period in (Jctober it in- creased to five and twenty per cent.. the unfavourable weather was credited with the augmented dispropor- tion. To-day, that after a spell of rather good weather than otherwise, the'ditfercnc' has risen to nearly 40 per cent., opinion is forced into another channel, and it is found that farmers for all their poverty are able "to draw the line somewhere in the matter of sdiing. They are drawing it at a 28s wheat average, and well they may, when the price admits of wheat beine: em ployed for stock feeding and fattening purposes at an advantage in comparison with most staples except maize. At present reducing seven leading staples to the common and convenient dpaomina!or of the cental of one hundred pounds, we have wheat at 5s ]Od barley, at 6s 8 i oats, 6s Od maize, 4s 7d tick beans. 7a 2d Canadian peas 5s 9d and Indian lin- seed, 10s per cental. It is evident from these Sgurea that not only nunt it now be advantageous in many cases to feed wheat to stock, but that it comes at the present price well within the articles which farmers may profitably combine in rations wit,h other feed- ing stuns. But for all the coincident cheapness cflndian corn. the use of wheat as a feeding stuff this season would be considerably increased. The markets of the past week have failed to show the slighest recovery, in fact, out of sixty leading towns forty-two have .admitted 6d. per qr. dectiu". The samples are not of high quality but they are fair serviceable grain, and, mixed with the drier and stronger foreign sorts of which the offerings are cheap and liberal, should make satisfactory nour. The foreign wheat which keeps pouring into the great ports pushes the accumulated stocks of foreign flour out into the rural districts. Bags of American flour are now no rarity at very small country towns, and sacks of Minnesota first bakers nour are ottered at a guinea. The weight is 280 Ib. Depressing as is the influence of stocks, which on November 26th were estimated at 4,224,000 qrs.. against 2,705,000 qrs iaat year, the fact should not be ignored that the actual abject depression of the present moment is due not to this original cause, but to the imposition of a fault upon a fault. The purchases of foreign breadstuffs up to the end of August had been ascertained to have been not less than 1,519,000 qrs. too large.-Mark- Lane Exp?-ess.

PROPOSED SLIDING.SCALE FOR…

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