The Ashburton Guardian. Magna est Veritas et Prævalebit. WEDNESDAY, NOVEMBER 21, 1888. HARVEST PROSPECTS.
crisis which" menaces the working classes during the coming winter." All this goes to bear out the anticipation of good prices for wheat during the coming season, and is another illustration of the homely saying that " one man's meat is nother man's poison, and vice versa."
The steady rise which has recently been going on m the wheat market is due to the failure of the English wheat crop,, and to the fact that other wheatproducing countries have not only no excess to counter-balance it, bat m most instances are more or less behind their usual figure of production. An American paper noting these circumstances says" there ib no disguising the fact that the year's wheat crop all over the world is much below the average, and that Europe as a whole, m spite of the increased acreage, reported from the largest wheat-producing countries, will have to import largely. The latest returns indicate that about 50,000,000 bushels will be required from the United States. Already we hear reports of speculation jn the price of wheat at the chief grain dealing centres, and there is every probability of ita cost being very considerably enhanced — m fact, a rise m the price of breadstuffs generally may be anticipated." This forecast was published six weeks ago, and has already been justified by the event, and there seems t? bo good reason to loqk for prices keeping up" until well after next harvest, a prospect which will be eminently satisfactory to our farmers. And not to them only, for when the farmers suffer the whole community suffers, and webave all been suffering togetherso long : that the pleasant anticipation of sharing • speedily m the prosperity which is born of payable prices for produce is all the I more welcome. So far the weather has, j on the whole, been very favorable, and , throughout this district and southwards, : and we believe m the northern parts of Canterbury also, the crops are looking \ healthy and well and promise a boun- : teous yield. We heartily hope that this ', satisfactory state of things may con- i tinue, and that heavy crops may be i safely gathered. If this should happily ' be the case, and the present good prices , continue, as there is reason to believe that they will, the coming harvest should be the most satisfactory which farmers 1 have experienced for many years. J Apropos to the foregoing, we may i here mention that our Paris correspondent m a letter just to hand, writes as < follows with reference to harvest pro- ' speeta m France : — lt is now tolerably ' certain that the wheat harvest m Franca \ will be something like 30,000,000 < hectolitres short of the quantity required < for home consumption, and jtljst corn to * theralueof £24,ooo,ooo sterling, orthere J abouts, will have to be purchased from i abroad. This fact is the more serious * inasmuch as there is a considerabl edefi - * siency m the crops m the United States, » [taly, Russia, Hungary, and almost o svery large grain-producing country m :he world with the exception of Injdia, I Dnder these circumstances there appears r o be no possibility of maintaining the '' existing protective duty of five francs F )er hundred kilogrammes. Even the pro- s i ectionist papers have come to the con- p lusion that a reduction of the duty to " hree francs, where it stood last year, ** rill not be sufficient to meet tto periow } «