AUSTRALIAN GRAIN TRADE.

Timaru Herald, Volume L, Issue 4856, 29 May 1890, Page 3

AUSTRALIAN GRAIN TRADE.

Goldsbrough Mort find 00., m thoir annual rovicw of tho firain trade of AuetraUsia, issued this month, pay :— As a result of tho long conlinuod drought of 1838, New South Wales found herself during 1887,. almost wholly dependont upou tho neighbouring colonies for her whoat, and to a Tory great oxtont also for her requirement* m fodder lines. Fortunately for ub our noighbours had largo surplus yields available, for export .to our market, thus, enabling us to supply our wants nt modorrto pricos throughout tho year. It seemed m Iho early part of 1880, as if South Australia and Now iioaland would bo able to command nlmoat thoir own. prices for thoir whont until Iho aloso of tho ynnr, but, thn growers, miiro especially m Now Zealand, bolioving that valuoa could not fnil to advnncn nn thn winter progressed, held on to their pr.iin just too long, nnd thereby oomp'ctoly defeated tlicirown ends by maintaining wlienl siifllsionMy long nt such n prieo as enablod America to ship extensively to m. Concnrronl. with tho arrival of tho first Californian shipment m May, prices of Now Zonland wheat begun to recodo, nnd from that ti.no Iho downward nouroo of raluca was not arrested | unlil tho market firmed at its presonfc price of 3i 7d for cur now eoininn's crop, 'i'ho rolativoly high prico at whioh it whb necessary lo soil tho Amoricn.n wheat to recoup ohippova, oombinod with Iho faot that South Australia ouiild only sparo ua a small proportion of our wants, necessitated our millcre having renourso to tho softor und less fayourod Now Zealand grain for mixing purposes. At firirf. it wai oxtromoly diflloult to ovorcomo Iho pwjmlieo ngninsl such whoat, but »ftor a fnir trial of tho long-bonicd Tuscan, our millers bad to admit that their projmlico was .nlmool wholly unwarrantod, with the ronult that tho regular voesols trading to Now Zealand provod insulDciont to bring ovor tho largo quantities ordurod, and had to bo oupplomontod m ordor to copo with tho traflQa. Following upon tho satisfnetary reeulln of griatinp; Iho relatively harder long-berried Tuscan wheat, a demand arum for Ilia softer round-borriod descriptions fsuuh as velvet and hunter's wl|ile), and very largo qunntilicß of Ihoao dcßiiripliona ovontuully pasted into coueuiupliuu, at uu avorugo re-

t duction upon the prices ruling tor Tuscan, of from 3d to 5d per buuhei. At seeding time tbe dearth of suitable local grain necessitated the use of seed from the other colonies, and it is satisfactory to note that notwithstanding the foars generally expressed by our farmers that New Zealand Beed would not germinate under the altered conditions as to climato obtaining m this colony, the yields' from bucli seed, both as rogards quantity and quality, havo boon quite up to average, whilst so fur aa Our advices enablo ub to judge, there has been no greater tendency to rust m the crops grown from this eeod, than m those grown from other seed m the same district. Tho drought of 1888 was followed by an exceptionally wet Beason m 1889, and our farmors hove this year had the Batiafaption of garnering crops oonnidorably above the average as regards quantity, though unfortunately tho exceßsivo rama have, m a number of districts, foitered the development of rust, and caused a large proportion of the year's yield to bo of inferior quality. Principally ou tho latter account we are of opinion that ouretatistician materially under-estimates thf> quantity of milling wheat that will have to be imported by us this year, when he sajs that our requirements from outside sources will probably be about a million and a half bnshols. Very large quantities of feed lines also, had to bo imported during 1889 to satisfy our wants, and though at one time it seemed as if this season's maize crop would obviate the necessity of suoh imports on a largo scale this year, tho damage caiiaod throughout the maize districts of the colony by the recent floods will piobably result m an eren greater consumption of our neighbours' produco this year than last.

"NO BREAKFAST, NO MAN," Es an old saying, but those who cannot raalie a hearty morning meal, will find Oadditiit'o Cocoa an absolutely pure and refinod bovorago — comforting, exhilarating, and sustaining.—[Advt.] MARY ANDEBSON. SII3B MARY ANDEESON writes :—" I have U6cd Pears' Bonp for two yeara with the greatest satisfaction, for I find it tbo very best," (Signed) Maky Andebson. Pears 1 So^p, for the Toilot and Nursery. Provonta redacea, roughness, and chapping. Sold everywhere. — [Advt