THE WHEAT CROP.

Waikato Times, Volume XXXVI, Issue 2945, 30 May 1891, Page 2

THE WHEAT CROP.

Ah our reader* aro aware, the colonial wheat market been in a very excited stat'; (if lute, prists bpiup given fur good wheat far in excc-s of wliat was at one time anticipated. This is largely due to the publication of Iho ofHcial estimate of the Victorian wheat yield fur the year. An estimate of the probable yield had been, as usual, given by the Victorian newspaper*. This was lirsl I,'-'OO.OOO acre- under crop, with a yi 'ld in bu-he!* of 17.0S.VJ0U, :'nd at this estimate t-li'Ti; wouliJ have In-on a large surplus ill wheat available for e\~port. We cm imagine the constern ition of millers and shippers upon t lit) publication of the otiieial estimate, based upon reliable information, which gave the acreage at 1.M5,31(1, with a vi"ld in bushels of 1.j,00.'>.--0, making a difference of nearly 5,000,000 bushels. Wheat at once advanced iri value. From Us H per bushel, the published price at that tiui", it has steadily risen until sales have been made in .Melbourne at 5s per bushel, which is, ~f course, far more than cohM !>. given for e\port. In sympathy with the liiovnient, Xew Zealand wheat and breadstuff# have also advanced, and all good «.niml grain is being quickly bo-.ight up at remunerative prices.