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THE HARVEST IN NEW SOUTH WALES.

♦ THE OFFICIAL REPORT. (m wan association.) Sydnxy, Marob 7. Following is the Goverament statistician's official report on the wheat jield, eta : — The . probable consumption of wheat daring 1889 is given as 7,986,000 bushels, and the estimated yield at 1,573,000 bushels, leaving a deficiency of 6,418,000 bushels., The probable consumption, as based on the experienoe of the past ten years, and the mean of ten years, if the average were maintained, would give an estimated consumption of 7,424,000 bushels. To tbii must be added, however, the quantity rednirfed for seed purposes, which is ■es timated at 562,000 bushels, making a toUl 01 above of 7,986,000 bushels. Hhe average consumption per head during the past ten years is given at 6*7. During the year 1888 New South Wales imported 560,284 bushels from Victoria, 520,824 bushels from South Australia, 456,960 bushels from New Zealand. The opinion is expressed that flour is bound to rise by leaps, that it is unwise to force the price so that people will not buy, and that New South Wales will be able to absorb the whole of .New Zealand's surplus wheat supply, though probably America will send a couple of million bushels. In the course of an interview a member of one of the leading firms m the grain trade expressed the opinion that though certain prejudices exist against :NeK Zealand wheat, those prejudices urould be beaten down by force of cirttiomitancefl, provided the English wheat market maintained a good tone, and that feoth New Sooth Wales and Queensland absolutely dependent for their supgj]^ <m New Zealand. Regarding the ""jgy^ftgr of California competing with NewZeau* o *** the same gentleman aaid H oonld not S» » «»less New Zealand forced the pricea^ « oro P el *" markefc to drag. The Califoi! l^ meitoU are m unison with the Engh* 1 * mwket and «o long as the present condit^ « * ne »**JJ i 8 maintained Oalifornian growers will be unable to land wheat m Australia for less than 5s 7d per bushel. The moment the Knglißh market falls, however, say to 89s, and provided New Zealand wheat should be Belling at above ss, say at 5s 6d, the Oalifornian growers could ■ttcoessrally compete with the New Zealand growers, otherwise there was not much to fear, although American grain vfronld find favor there.

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https://paperspast.natlib.govt.nz/newspapers/AG18890308.2.21

Bibliographic details

THE HARVEST IN NEW SOUTH WALES., Ashburton Guardian, Volume VII, Issue 2082, 8 March 1889

Word Count
386

THE HARVEST IN NEW SOUTH WALES. Ashburton Guardian, Volume VII, Issue 2082, 8 March 1889

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