AUSTRALIAN WHEAT HARVEST.
Australia's main sources of wealth are wheat and wool, and at one time the former looked as if it, too, would fail to come up to expectations, not only in price but in quantity. The official view now is that the 1930 wheat yield must be l-egarded as a pleasant surprise. While in August it looked as though New South .Wales would only harvest about 20 million bushels, useful spring rains and general improvement in farming methods have been responsible for at least an additional 10 million bushels. While the world's wheat at the opening of 1929 was estimated at record proportions, the current season seems likely to be between 550 and 600 million bushels less, and this shortage in world's production seems likely to influence prices when the present European stocks, are absorbed.
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Evening Post, Volume CIX, Issue 5, 7 January 1930, Page 12
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137AUSTRALIAN WHEAT HARVEST. Evening Post, Volume CIX, Issue 5, 7 January 1930, Page 12
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