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New Zealand Herald, Volume XXV, Issue 9172, 29 September 1888, Page 5

The period for receiving tenders for the Observer closed last evening, but they will not be considered till Monday. At the annual meeting of the East Ind : an Railway Company, recently held, Mr. Crawford, the president, drew particular attention to that part of the report which had reference to the wheat traffic. That traffic (he said) showed the worst feature of the half-year, the decrease having been 133,774 tons and £102,307 from the return of the previous season. The circumstances of the Indian wheat crop of 1887 were, however, not very well known. There was a failure, in greater or less degree, everywhere. The exports of wheat/ from Calcutta during the second half ©f the year, as compared with the corresponding period of 1886, decreased by 5S per cent., from Bombay by 69 per cent., and from Kurrachee by 80 per cent. $From those three ports nearly 600,000 tons of wheat were sent away in the last six months of 1886, and less than 200,009 tons during the same period of ISS7. In addition to the poor crop, and the larger proportion of it than usual being required for local consumption, prices at home had a deterrenb effect on exports. The home quotation for No. 2 Calcutta Club on August 31 was *» 27s 6d per quarter —the lowest quotation on - record; while prices up-country ruled higher than they had done for many years they were, at times, 5s to 6s a quarte higher than Calcutta quotations. v