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SAN FRANCISCO WHEAT MARKET

» — — — - ■ From files to hand we learn that the OiUforntan harvest Is an early one, and the following erfcr*ot may be of Interest to oar readers : " The first new wheat of the season oame to h»n4 on Friday. 24th May, and sold for Idol 37£onts (3< 3Jd per busl). It fs now deemed oertaln that the harvest will be very early and heavy. The arrival noted was the earliest over known In the history rf the State. It was sold, of oonree, at a fancy 6gnre« I 1 ; Is not too muoh to assume thtfc wo will now have a harvest of fully 72,000,000 bushels, or 2 160,000 tons. This will be the contest ever known m the history of California. It will reqatre nn Immense fleet of vessels to oarry it away, and tonnage should be high." We notice that daring the month of May the market had gradually weakened ranging from Idol 32|aent« on the Ist, to Idol QOoenta on th" 27tb, the latter being equal to 3s ljd. Daring the «ame period two veesels cleared with wheat for Sydney ; on the tht 13th the Androsa, with 58,054 cmtals, eqnal to 96,756 bushels ; on the 18 h, the A. B. Ltw Bowman, with 48,299 centals, equal to 80,498 bushels On the 4 h the mall steamer Alatneda o'eared for Australia, wbloh mfam for Sydney, with 16,980 oentals, equal to 28,300 bushels. On the 29 'h M*y there iras one vasael on the herth loading for Sydney, mmely the Gotlnga, 1345 tons. We notloo that no obartera for' 'Sydney are reported during the month of May. The total shipments of wheat to Australia from July 1. 1888. to 29th M»y 1889, foot up 'to 2391' tt.ns of ijbur, sSs;i39 bushels of wheat. For the 'same period dnrlng the prnvlous year It \v\iß 20 tons of floor and 3$ basbels of wheat. Evldantly' our Amerioan oonalns never lose aji opportunity of " having a deal," and hive been fuming wheat Into dollars, while we have been, to put It mildly, standing looking on. At the time of the departure of the mall steamer wheat had reiohed a lower level In San Frasolieo than dating %%% nrcTlonn |i«f, '

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SAN FRANCISCO WHEAT MARKET Ashburton Guardian, Volume VII, Issue 2162, 2 July 1889

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