WORLD'S WHEAT OUTLOOK.

Dominion, Volume 1, Issue 269, 6 August 1908, Page 3

WORLD'S WHEAT OUTLOOK.

- Tho present is j tho critical period in tho world's -wheats market : (says an Australian paper). It'is; not whether Australia lias a large'or a small crop nt tho end'of tho year' , that is tho prime factor; it is'whether tho • great producing countries of the northern lie'mispiiei'fl havo bountiful crops or not that makes itself felt on tho world's markets. Now is tho time that these: crops are being har-, " vested,* and before long it will bo possiblo to gauge; the future; •- This much is certain, that thi' ivolld's'vifiible'supplT is now'exceedingly , liglit. ■'I'bwo is practically no "carry-over. So should a shortage occur tnis year .high prices ah- Iduiiui■ to • prevail. At present tho outlook is'not promising. It.is generally admitted tiii/L hi R'lssiß t-b* winter wheat is poor. .That Vcoiiii'ry, therefore, will not likely raise a big l ' cro|»;: sis tlih winter wheat thero represents more than 25 pur cent. of th# total crop. Tlie ! conditions both in Canada, and tlio.Unitfd States were favourable' when the mail loft, but no rery definite predictions could bo made ' until later. On the whole, thoro is quite a possibility of a poriotl of high rates',. wlik'h it is hoped Australia will later on be able to tako ndrania'go of.