WORLD'S FOOD SUPPLY. Russia and Austro-Hungary Look Elsewhere for wheat.

Te Aroha News, Volume VII, Issue 400, 7 September 1889, Page 3

WORLD'S FOOD SUPPLY. Russia and Austro-Hungar y Look Elsewhere for wheat.

I London*, July 15. — The weekly report from Bombay settles tho fact that the Indian wheat crop will bo no factor in the world's food supply this year. English specialists believo Iho situation a few months hence will be as bad as last year, and in some ways worse. Tho demand for wheat in Europe will probably be smaller than usual. England and Franco promise better crops than •last year. Tho yield of the two countries is expooted to be 40,000,000 bushels in exceed of last year. Spain's crop will be above tho averago and Italy's a trifle under. In (Germany, oast of the tenth parallel, the crop its almost as good as la3t year, but the balance of Germany is bad. Russia and Austro-Huncrary will find it difficult to feed themselves. Much interest is devoted to the American crop. Russian wheat has beon going up the last few days, and a panic has only been prevented by confidence in America. The 'Mark Lane Express,' in its review of the British grain trado for the past vvoek, says : Crop reports give promise that the yield thioughout Great Britain will be in excess of tho average. English wheat is in sellers' favour and prices advanced 6d. Fonejin wheat and Hour are firm. At Liverpool wheat has risen 2d per ctl and flour 6d. English barley advanced 9d. At to-day's market English wheat was still in sellers' favour at a fractional rise. Foreign wheat was dull for Russian ; American red and white wheats were firm. Flour advanced a raction. Barley was 3d cheaper. Corn lid oats were firm.