THE WHEAT MARKETS.

Dominion, Volume 2, Issue 482, 15 April 1909, Page 2

THE WHEAT MARKETS.

Tho firmness of tho wheat markets is held to be. Wed on tho most solid grounds,,as. tho probablo exports from ' wheat-shipping . countries are estimated to 'bo., more .than eight million quarters below the require- . mcnts of the importing countries. Beerbbhni makes tho following estimate of tho probablo oxports, under normal ■ conditions,. from, the various countries in 1908-9:— ' .. ' Quarters.' . U.S.A •: ... - ... 17,000,000 Canada ... ■ ... 7,000,000 Russia .... ... , . ... '7,500,000 •Balkan States ' ... 4,500,000 India. ' ■ ... .... ..." 1,500,000 : Argentina and Uruguay ~. ... 12,500,000 ■ Australasia ~ ... 4,000,000 ' Sundries ... ;. ... ' 760,000 , Total . . ' ... . ... ... 54,750,000 , Ho gives the folloii'iug cstinwto of.' tl;o . , minimum'-.'requirements of • tlio'.. jmpdrtiilg.. countries for 1908-9:'— : '"' Quarters. United Kingdom. > . 26,250,000 1 Franco ... ' 500,000 Germany ... "" ... ... 8,000,000 Belgium and : Holland ; ' .... ... 7,500,000 Italy ...' ... •... ... ■ . 6,000,000'. Spain and Portugal • 750,000 : Sweden 1,000,000 Sundrios ■ ...- • ... ... • ; ... 5,500,000- ■ .Total ; Enropo ... i .... 55,500,000 . ! Tptal non-European countries 7,500,000 •-■ Grand total ... 63,000,000 . These figures, it will bo seen, show a deficiency of 8J million quarters, and from.them Beerbohm' deduces tho opinion that in order to meet the demand during tho next fivo or > six months it will-bo necessary for both Aus- . tralia aiid Argentina to ship tlio wliolo.of tlio surplus before August 1.