South Africa employed an ùn-usually large volume of tonnage owing to greatly increased maize exports combined with a large expansion in export of manganese ore.
Minimum rates for grain from Australia were raised in January by 4s a ton for European and by Is a ton for Far Eastern destinations. The minimum rate from South Australia or Victoria, for example, therefore became 34s 6d, basis bagged wheat to Mediterranean/U-K /Continent. Actual market rates were always at a premium, varying from 18s 9d to 2s, over the minima, the highest and lowest rates being recorded in October and December respectively.
A big Russian harvest provided another feature of the year in heavy chartering of tonnage for carriage of Russian grain from the Black Sea ports to the U.K. and Continent. Rates ranged between 165 6d and 26s 6d, basis U.K. ports, the former figure being paid in June, when chartering commenced, and the latter in September, when the Black Sea was one of the most active sections of the entire freight market. Shipments of miscellaneous cargo from the Black Sea to tle Far East, which had attained large dimensions in previous years, were absent from the market, but there was steady chartering of tonnage for manganese to the Continent, and for both manganese and coal to the, United States, South _Australia—Mediterranean/U.K.
Cent. (wheat in bags) Dairen—Rotterdam/Hamburg Madras_Coast—U.K/Continent Black Sea—U.K./Continent (grain) Danube—Continent Montreal—U.K. (per quarter) River Plate—Picked parts U.K
British Columbia—U.K, South Wales—Alexandria South Wales—Buenos Aires or La Piata
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