WHEAT MAKKET PROSPECTS.

Ashburton Guardian, Volume VII, Issue 2212, 29 August 1889, Page 2

WHEAT MAKKET PROSPECTS.

Ths last laaae of the Auitra'aslsn -ays: 11 The European wheat markats, acoorduig (o oar cable messages foe the week, show lit'le ok no change, while the Auiorioan market io changing a little (or the woree. We also publish a cablegram whioh atatea that "The Tim?s" estimates the wheat field of the United Kingdom at noar'y 10,000,000 qa»rtora. This Is 700,009 qaartera over loot year's yield, and a con sidevftble quantity of that wea damaged and Inferior m quality, while t'le p-?oent year's yield ia almost certain to ba heavy la weight and fino ia quality . Taking rtqairements of the United Kingdom for [ 38 000,000 people, at 565 boshels per hand, and seed at two bushels for 2,700,000 aorei, we find the total requirements to ba 220,100,000 boßhalp, against an estimated yield of 80 000,090 bushels, leaviog 140,100,000 basbels to be imported. Agalntt th!a the Araerlc n exportable sarolus alone la estimttid to be 165,000.000 bush eh, and thus thore seema bat email prospect of any improvement In v*luea taking plaoa m (ho English markets, fohoald the Australaislaa harvest prove, ac la eipaoted, large, there is no doubt that these markets will have to be governed fog tha first part of the next year by Mark-lane prioes, and should thla be so, the shipping price of wheat henae for thß most part of nert: season would have to be from about 3a 4i to 3a 6d f.0.b., or almost 23 below oar present looal yalDss." Press cables pubyesterday show that the English wheat market is hardening, owing fo . b«d weather. The estimate of ten million qaartets for: Grea t' Britain Is disputed, but, of course^ the British wheat crop Oin InflaaDoe prioes bat little tblsyeir, anless the yields tarns oat bad In America and India.