THE WORLD'S WHEAT SUPPLY.

Marlborough Express, Volume XXIII, Issue 227, 27 October 1887, Page 3

THE WORLD'S WHEAT SUPPLY.

*■ A GLOOMY OUTLOOK FOR FARMERS. FaoM calculations made afc Home, the wheat supply is likely to greatly exceed this year the demand. A recent tplegram to the Melbourne Age contains the follow* ing:— "The average price ruling for English wheat is 28s 8d pec quarter of 4961b8. This is the lowest quotation aco pted daring the present century." The following table shows, the extent of the supply :— The quantity en route laafc Qrs. month was .. .. #.. 2,000,000 For shipment from the United States, to reach destination before August, 1888 .. 13.000,000 Do. from Russia, do 9,000. 000 Do. from India, do 4,500,000 Do. from Canada and AustraHa, do. -. 3,000,000 Do. from the reat of the world, do. .. .. .. •• 3,000,000 Total .. .. 34,500,000 A contributor to the Economist estimates the quantity required by different oountrieß over and above their own production, and arrives at the following reeult :— Qre. United Kingdom .. .. 17,000,000 France .. 1.500,000 Beleium and Holland .. 3,000 000 Switzrland 1,000,000 Italy .. .. .. .. 2,000,000 Spain 1,500,000 West Indies, etc. .. .. 2,000,000 Total .. -. 28,000,000 It will thus be seen that the supply will exceed the demand by no less than 6.500.000 quarters. We regret, therefore, we cannot hold out very bright proßpects for our farmers m this aniole during the next twelve months. It is as well, however, they should realise the meaning of the figures.