AUSTRALIAN WHEAT
'A* SHORTAGE PREDICTED,
The estimates for the wheat yield of the Commonwealth, as published in the "Melbourne' Argus" of October 31, make somewhat alarming reading. For the coming harvest the total probable yiold for the. whole continent is estimated at 26,000,000 bushols. Last year the yield was 103,887,998 bushels, and the year before 91,081,070 bushels. At a normal price the consumption of the Commonwealth is 33,000,000 bushels of wheat, and although, thore will be a fair carry over from last season, the "Argus" predicts that importation will be necessary. *
"No doubt, however, some economics can be effected in consumption- undor the stimulus of dear wheat, without depriving any member of tho community of actual food," says the ''Argus," "as there is always an enormous waste of brcadstuffs. . . While the price of ivheat is nominally held at 4s. 9d. by tho law of tho land, business is suffering. An upward movement under freo conditions of a local market would enable a correct value to be found, while, in addition, tho consumption would bo checked, ''as, indeed, it is imperative that it should be. If the price of wheat - is to be /egulatcd by law, the quantity of wheat harvested for grain in Victoria will be negligible. I' armera will reserve the wholo of the crop for hay, for which ft much better equivalent than tho present wheat price is assured."
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Dominion, Volume 8, Issue 2307, 14 November 1914, Page 9
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231AUSTRALIAN WHEAT Dominion, Volume 8, Issue 2307, 14 November 1914, Page 9
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