WORLD’S WHEAT

Greymouth Evening Star, 10 August 1936, Page 12

WORLD’S WHEAT

NO FEAR OF SHORTAGE.

[BY CABLE —PRESS ASSN. —COPTRIOHT.]

NEW YORK, August 8.

The Washington correspondent of the “New York Times” writes that Mr. A. Black chief of the Bureau of Agricultural Economics, in an interesting review, says that the world wheat supplies for the 1936-37 season, outside China and Russia will he at least 230,000,000 bushels less than that of the previous year, and the smallest, since 1926. World production in 1936 is tentatively estimated at 3,510,000,000 bushels, 20,000,000 less than in 1935. The world carry-over will be 210,000,000 less than last year, but will still be somewhat higher than the average before 1928. While imports of hard spring and Durum wheats by the United States are expected, the United States will nevertheless have quantities of other types available for export, particularly white wheats from the Pacific North-west area.

Mr. Black says: “There is no basis to the fear of important deficiencies in either world or domestic supplies. A surplus win come again. The question now is how long it will take for supplies to mount to price-depressing proportions.”

DROUGHT EFFECTS

EDMONTON. August 7

“All North America will suffer next season from a seed shortage which is as acute as any in history,” states Mr. W. I. Wiener, secretary of the Canadian Seed Growers’ Association. He states that never before has the drought been so wide, ranging practically from Prince Albert to Kentucky.

CANADIAN ESTIMATE.

OTTAWA, August 8

The Dominion Bureau of Statistics to-day reported that the outlook for spring wheat in the prairie provinces had declined by 45 per cent, in July because of the drought.

RUSSIAN YIELD.

MOSCOW, August 8.

In spite of drought the Soviet wheat crop is likely to reach 100,000,000 tons, equalling the yield of last year, which was the richest in the Soviet’s history. Sales will exceed last year’s, which totalled 1,000,650 tons. The Government has sufficient reserves for three years. SYDNEY PRICES FALL. SYDNEY, August 9. The reaction in the overseas wheat prices was reflected in Sydney yesterday. Market quotations generally were down Id a bushel compared with the previous day. Bagged wheat is quoted nominally at about 4/11 a bushel.