WORLD'S GRAIN MARKETS.

Taranaki Daily News, Volume L, Issue 61, 23 October 1907, Page 3

WORLD'S GRAIN MARKETS.

JfAILUBE OF SCOTLAND'S CHOPS. • HUGE LOSSES. j:. Received Oct. 22, 10.30 p.jn. ; Lofelon, October 22. The Scottish ogriculturaliaU 1 losses through ntia ruining the grain crops, is •stimated at two and a-half m llioiu Itejtiag. AUSTRALIA'S GLOOMY OUTLOOK. Received Oct. 23, ajn. Sydney, October 22. Wheat sold to-day at 5s 7d. TUe Bureau of Statistics estimates that 2600 acres more wheat has been eat for hay this year than last Thu, added to the smaller area sown, will reduce the area cat for grain by 234,700 acres. The Bureau decTnes to give any estimate of the prospective yield. THE OUTLOOK. Per Press Association. Auckland, Last Night. 'According to Mr Peter Virtue, of the Northern Roller Miling Cinipany, the present shortage in the world's wheat Supply is not likely to be relieve.! for a considerable t'ine owing to the failure Of certain countries' crop*, the drought in Australia, and other factors. lie is Of Opinion that the prices of wheat, and consequently of bread, are likely to remain unchanged until nixt Octol>er. Regsrjing New Zealand's new season's wheat, he does not think that it will own at less than ss (id, if at that price, If the world's markets remain as thry are. In the faca of this rather gloomy otttloofc, it is some compensation to famr that Mr Virfue does not think it M«ly that bread will become anv dearer than it is at present. With the high Brie# for flour and forage, and the excn amount of money on his books, the baker, Mr Virtue thinks, must be having a bod time.