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REVIEW OF THE BRITISH CORN…

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REVIEW OF THE BRITISH CORN TRADE. The past week has been continuously favour- able to agricultural work, and the area under wheat has been increased, while October sowinz, have made good growth, and the first sowings of November are already imparting a faint green tint as we look along the field. The threshings of new grain have been considerable, and the country trade in barley is now at its height. The mean level of quality is not high by com- parison with some former autumns, but on the other hand, it is better than was expected, and prices since October have improved. The sales of home produce since harvest have been smaller than in the same period of last year, but barley is beginning to overtake the 1890 record. The average price of wheat is now 7s 7d, that of barley 5s. 6d., that of oats 5s. 3d., higher from a year ago. The price of English wheat on the trade record of the more recent markets shows Is decline at thirty-nine markets out of sixty, or more than a clear half. Despite the dry weather for thresh- ings, there is still a preponderance of damp samples on offer, especially in the west of England. Millers, as usual, aver that the crop is larger than the estimates of deliveries would suggest but from what we ourselves learn, the area over which the crop threshings showed larger returns than anticipated is small, and does not extend beyond Lincoln northward and Leicester and Banbury to the west. It does not cross the Thames, and the entire region south of that river as well as west of the Trent seems by threshings to have not more but less wheat than anticipated. The north of England and all Scotland agree in endorsing earlier reports of yield, which in these districts is a bare average in quantity, with quality so varied as to make averaging an impossibility. Foreign wheat has declined Is per qr at all the leading centres of distribution. Prices for spring corn have declined slightly at most of the country markets, thirty of which, out of forty, are lower on the week for barley, fifteen of the thirty for oats, ten out of thirty for pulse, and nineteen out of twenty- five for maize. The decline is not heavy-6d to 9d per qr. on each article, as a rule. The spot value of maize at New York will be seen, by a foreign article, to be decidedly dearer on the week but the English trade in maize just now is almost entirely limited to futures. Oats which have been weak in Great Britain are held more firmly in Ireland. The quantity of barley on passage having diminished 205,000 qrs on the week, and further shipments from Russia being prohibited, a better feeling for foreign sorts is expected. --Ma)-k Lane Express.

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