The Wheat market.

Manawatu Standard, Volume XI, Issue 1660, 17 March 1886, Page 2

The Wheat market.

The news of New Zealand wheat being ■ worth m London 1 35s a- quarter, would! at one time haye . hee.n .repeiyed with consternation. Now it inspires a feeling of hope, that rte,. worst day .for growers are past. Any indication tnitthe corneif has been turned will be gladly received m this Colony, where the farmers have long been suffering .from ; the, depressed prices of every, article whichi they produce. It has often been, fore,-, told that the low prices of wheat which have ruled for a considerable tinie' could not possibly be permanent, as much land remote from means of commuhica tion Would be used for other purposes. In thw Colony, during the list ortwo, the; growth of cereala^has been greatly curtailed, and no doubt the sa.me ; has happened m the other grain-growing \ conntrie's.- 1 In addition to this the short/nessof crop m South Australia , and!;el«BVi wherelhas been" the effect of diminishing suppliies. i In iNew^Zealand happily the )t crpp Has, iturafed o^t |much;Jb^t|r|than 'it Vasjf eared early m tb,« season that It wouidj do. In ■former years it! fMouldj .have, appeared much like sending coals to j Wewcistle to sshitp t .wheat from am ] country to South j Australia. -, TKe otaer day, ho\yever, a ship load was despatched thither from a l ' Southern pbrt.and therr, is a prospect; that if..(Otn> -wheat grQwers are not going to become actually oros-, -peroui, things will be somewhat (better for them than was gefterally feared.' Recently!, at , the time when the prospects p Sic! haryeaifc looked worsts fldur^fosfi* wri|iderably m this-marketj >;and- was} : firm at the (increased : rates. , Afterward,, . though the j>rioe pan. hardly be said, v< t6 t , iiaye J actually, fallen", sales easily madei The'late news frbin Etfg:land: wi.it ! probably sbon ' have ' a'tf effect herei-r-N.Z. Times. • : 'y s '':'**^