THE WHEAT MARKET.

Temuka Leader, Issue 2483, 30 March 1893, Page 3

THE WHEAT MARKET.

(Press.) The following wheat items are taken from our Row York files to February 25th. last*.

v. The World’s shipments the past wee were 6,150,000 bushels, and the largest on record, Rugfish fanners’ <hfllYevi§£s last yepk were' light, and marketed at' thp lowest price ; they imported inoye last year than any previous year. The Argentine shipments fat' the pint fourteen days were 2,200,000. bushels, the largest on record, India exports to dale have been 28,100,000 bushels, and will likely equal thirty millions for the year ending April Ist, 1803. The American visiblo and the amount afloat is now 111,084,000 bushels, against 60,033,000 bushels last year. The European crop reports generally indicate a better crop is now promised. Pacific coast reports are fully up to the average. East of the Rocky Mountains the reports are as varied as the weather has been. Primary receipts of lafq iUWO I been about the same per week iVi fi yea” ago, and siupe July laj equal 220,000,000 against D'*'" - ab , out season,' , „,ouu,ooo last Exjv-' ■ __ yi’ts recently have averaged 31 million bushels per ■week, and since J nly Ist equal about 134,000,000 bushels; at the 1 recent average rate, exports will likely equal July Ist, 1803, about 100,000,000 or about 30,000,000 in excess of estimates made last autumn by leading statisticians

and crop guesset's, and be the second largest export season on record. The Price Current pi edicts the March Government report will f»ll short of any Match report; that March J 892 the Government report estimated farmers holding of but 98 million bushels. Now, if farmers’ stocks in March roach an excess of 85 million bushels, it will bo practically useless to undertake to reach reliable conclusions from official data. Apparently from these latter estimates last March onr visible and invisible wheat supply was 171 million in farmers’ hands and 41 million in sight, or about 48 million less than at present. In other words, stocks now are 48 million bushels greater than last year.