THE WORLD’S WHEAT MARKETS.

Temuka Leader, Issue 1902, 11 June 1889, Page 1

THE WORLD’S WHEAT MARKETS.

George Dornbusch’s Floating Cargoes Evening List;qf ApriM2, in its review of- the;.week,- reports on ; the prospects of wheat in various countries. The following is a summary England —Wheat looks ,well; and with a normal summer 'should give a large yield. Prance—Farmersareunusually hopeful respecting ithe result of the wheat crop. ' 1 Germany■-—. There, -also, ! the outlook lis > satisfactory. Erussia-—ln the l neighborhood! of the Azov winter wheat ‘ prosects are ! rather j disheartening, but' so far nothing.,definite can be known of the- position of wheat in the great black earth iregions* which produce the s finest; crops. United States-r-The. Agricultural Bureau re? portsthecondition of winter whejat at 94 (out of ‘> a possible 100), againAt 82 in April, 1888, ;40 in, .1887,; and 02 in 11886- and, as the weather has favored the; sowing /of- spring wheat,. farmers in the United-States already anticipate a lull yield uof _ wheat, i provided meteorological conditions, remain propitious. India—-In the Calcutta districts the crops are welli spoken of, and the quality is likely l to, be excellent. Bombay, on the other hand, will suffer; from a shortage ofi soft wheat; whilst Karachi.hopes l to i have another good year; of export business. It is estimated that the, crop of 1889, : most of which is i now harvested; will not exceed 88,000,000; quarters, or about 1,000,000 quarters less than the crop of 1888. iOn the - whole, /these reports are much better than the average of several years in succession, and it is not surprising- that with the prospects described American and ;Eussian sellers have lost hope in the possibility of the;market recovering.