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CONFIDENCE RESTORED. Press Association —By Telegraph—Copyright. SYDNEY, October 19. (Received October 19, at 11.40 a.m.) The eastern and northern parts of Australia will greatly benefit by the mensoonal rains, which began on Friday, and are still falling. All tears of a drought west of the mountains has been dispelled. This has had a wonderful effect in stimulating the financial position, as the stock has been saved and a reasonable harvest assured. The ‘Telegraph’ says editorially: “The rainstorm means much more to the State than is expressed in bushels of wheat, tons of hay, and heads of stock saved from the drought. It tends to relieve the financial tension, and act as the best possible tonic to public confidence, thus counteracting the adverse influences of the war. It is too late to give the State a good aggregate grain harvest, but the possibilities of recovery over a third or half the area sown are sufficient to give a considerable exportable surplus over internal requirements for food and seed. The prospect of a record dairy production seems certain.” The ‘ Herald ’ is still pessimistic regarding the wheat and pastoral outlook. It says that on the whole the rain is of little value to the wheat crop, being too late to save the situation, even where the falls are greatest. Very little rain has fallen in the Riverina, and it is doubtful if pastoral prospects could be more serious.

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Bibliographic details

RAINS IN AUSTRALIA, Issue 15627, 19 October 1914

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RAINS IN AUSTRALIA Issue 15627, 19 October 1914

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