The English Wheat Market.

Manawatu Standard, Volume X, Issue 1497, 3 November 1885, Page 2

The English Wheat Market.

„ In the Mark Lane Express of AMgust 10th, the " Man of Mark-lane " s?\ys :-=•. " Farmers, hold your wheat—- if you can! That is the advice which, for the first time m my life, I venture to'give. Since I have been '"acqeainted with farminsj there has not'been a year when the policy of holding 1 wheat was so strikingly de • sirable'tis it is this season. In view of : future supplies current prices are sbniethirig like an insult to growers. In America there is about the worst crop on record ; m South Russia a failure of the crops 3s reported ,• m the. vest of Europe, inemfling the United Kingdpin, tlie ag.gregate yield will prahabjj he under the average; and Australasia ;has very little more to send us this year. There is a good crop m India, it is true ; but it'will not come here freely at current prices. Whence, then, shall we get the 16 or 17 million quarters we shall probably .require to import ? We receive wheat m small quantities from so many sources, that there is no. fear of scarcity-; but we .shall certiiinl)' have to give a higher prjee than .we, ft re :opw offering longi bejf ore the cereal year just begun has- ended, m order to supply the population' with bread. If fanners do not flood the market's with the new home crop, a rise will probably take phpe soon ; .but if they follow their usual practice, it may be deferred till foreigners-get nearly all the benefit ot it. jLet English I farmers keep m mind the fact that circumstances bearing upon the wheat supply are very peculiar this year, justifying a peculiar pnhcy among growers. As a rule itdoes not pay to hold wheat ; but this year I am convinced that it will pay.