THE WORLD'S WHEAT PROSPECTS.

Colonist, Volume LI, Issue 12499, 27 March 1909, Page 4

THE WORLD'S WHEAT PROSPECTS.

In the first place (says an expert in a late exchange) there is the void in the stocks of the millers to fill up, and, secondly, the vacuum in the flour reserves of the great army of bakers throughout Europe, and, lastly, there are the general arrears of buying by merchants and dealers in Europe and many ex-European . countries. Furthermore, ■vyhat will the Argentine, Australian, and North American holder say when he finds his surplus disappearing at such a rapid rate, and where will the "European 'consumer procure his supplies during the concluding three months of the season? Argentine and Australia will have between them only 5,500,000 quarters remaining for marketing over eight months. North America will not have as much by 2,000,000 quarters. From the, Euxine probably 2,000,000 quarters may be forthcoming during MayJuly, and 500,000 quarters from Chili and sundry countries. India will then, it is to be hoped, come to the aid of the importing countries with perhaps 2,000,000 quarters, so that from all the sources of supply during the last three months of the season we may procure 13,500,000 quarters."