WHEAT SUPPLY.

Ashburton Guardian, Volume VII, Issue 1706, 8 November 1887, Page 3

WHEAT SUPPLY.

From calculations mado at Hrnne the wheat supply is likely to greatly exceed this year the demand. A recent telegram to the "Melbourne Ace" oontalna the following : — " The average price ruling for English wheit is 28« 81 per quarter of 4961b*. This 1* the lowest qnotatJou atoepfred dating the present cntury." The following table ibows the extent of the auppiy :— The qui»nti*y en route last Q-a mmth was 2,000,000 For shipment from the United States, to reaoh destination before Aaguat, 1888 13. 00©, 000 Do from Russia, do ... ... 9,000,000 Do from India, do ... ... 4,5(<0,< 00 Do from Canada and Australia, do 3 000,000 Do from the reßt of the world, do ... 3,000,000 Total 34,500 ; 000 A contributor tn the "Economist " ea»traatoa the quantity required by different oouutrlos over and above their own production, and arrives at the following results : — Qr* Onfttd Kingdom ... ... 17.000.000 Franca 1,600 000 Belg ura and Holland ... 3,000,000 Switzerland 1 000 000 Italy 2 000,000 Spain ... , 1 500,0 0 West Indies, etc. 2,C00,000 Total' 28 000,000 tt will thus b* aeon that the supply will exceed the demand by no leas than 0,500,000 quarters. We regret, therefore, we cannot hold out very bright prospects for our farmers m this artiole during the next twelve months It is aa well, bow ever, they should realise the meaning of the figures.