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At Olygydd Y JOURNAL.



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REVIEW OF THE BRITISH CORN TRADE. The rise in the night temperature has been the most important note of the week, meteorologically speaking, and the warm days, not wholly without showers, have been the second characteristic. Both these features have been highly favourable to farming, for the hay crop has been increased in bulk, and the wheat crops have been enabled to start making up that leeway which we spoke of last week. There has been a good deal of summer lightning, and other signs of electric influences being strong have been recorded or observed. Abroad, as well as in England, the heat has appreciably increased. The trade in English wheat has been slow, and millers pick over samples very leisurely. The London average is 33s. 4d. per qr. on 1,369 qrs., against 34s. 6d. on 2,509 qrs. last week. Thus there is a shrinkage of the total amount of business done, which is independent of the decline in price. Few country markets show Is. 2d. reaction, but then London had been exceptionally high for English wheat, and there consequently existed a greater margin for abatement. The average .1 decline at the chief local markets is about 6d. on the week, and even this is not universal. Best fresh-threshed wheat at Lincoln on Friday was 6d. dearer from scarcity, and at Chelmsford Essex farmers would admit no decline. The imperial average for the week ending June 21st, 1890, was 32s. 9d. per qr. on 44,229 qrs., as compared with 32s. 8d. per qr. on 57,337 qrs. in the week preceding. The flour trade has witnessed a decline of 6d. per sack at Mark Lane, Edinburgh, and Glasgow. The trade in foreign wheat has been depressed, owing to the excess of imports over current requirements. The price of red winter wheat shows but lAd. decline on the week. There is only a small quantity of this sort on offer. Indian and Russian wheat, must be quoted quite 6d. per qr. lower from a week ago. The total quantity of Indian wheat now on passage to all ports is 305,000 qrs as cempared with 238,000 qrs. a year ago. The large shipments of wheat from Russia continue to be a feature of the season. The good promise of the growing crops in Russia favours and encourages the shipment of the old wheat reserves, and the limitation of stocks to a very narrow compass. Spring corn has not sold well during the past week, the rich growth of the pastures and the warmer weather being against the trade in all feeding stuffs. Maize has fallen 3d. for ronud corn, but is not quotably cheaper for American. The London price for mixed maize opened at 17s. 6d., and closed at 17s. 3d. per qr. At Liverpool 3s. 6d. per cental quoted on Tuesday was again obtained on Friday. The trade in barley shows fourteen markets out of fifteen in buyers' favour, and among these have been Hull and Exeter, where 3d. decline has been admitted, and London and Bristol, where 6d. reduction has been allowed. O.\ts are still Is. dearer than at this time last year, but there has been a slight decline within the past few days. Russian Baltic shipments are increasing, but against the effect of this intelligence has to be set the news of serious damage to the growing oat crop in Scandinavia. Peas have been held in London for 6d. advance, but the country markets have been weak. Beans and lentils in London have been an exceedingly quiet trade. The price of linseed has given way Od. on the week, and there is singularly little enquiry for rapeseed. Linseed oil has receded 2s. 6d. per ton on the week, but rape oil at the decline allowed a week ago has been steady.—Mark Lane Express.


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