The Timaru Herald MONDAY, MARCH 8, 1909. GOOD NEWS.

Timaru Herald, Volume XIIC, Issue 13847, 8 March 1909, Page 4

The Timaru Herald MONDAY, MARCH 8, 1909. GOOD NEWS.

The fanners ol' South Canterbury who are grower:.; ol' wheat this year and who have not yet sold their crop, and merchants who have bought "mi spec," will lie. pleased to see by our cables this morning that ficerbohms, the great authority ou cereal production and consumption, conclude from the present state of the world's bread supply, that '• High prices are inevitable." A caution is given, however, that there may have been sonic error, some miscalculation, in the returns from America and the Argentine. Nevertheless, Becrbolims have such complete machinery I'or ascertaining the facts of the case, that a good deal of reliance may be placed upon the conclusion they have come to. It is a well known fact that the inhabitants of the world very seldom have any

large stock of bread to " come and go ' upon. ('on,sumption follows so closely upon the heels of production that il considerable falling oil' in tin; wheat yield nie;ins short commons somewhere, before, the. next harvest can be ready for use. The Canterbury Farmors' Association so late as Saturday received a eable from London slating that the wheat market had declined, was very quiet, and Jiad been U• I-• favourably affected by the AmcvciMi market. It is to be inferred th"t tliiis cable was despatched, that the decline had occurred, before Bcerbohins' advice was published. Of course where inquiry was to be worldwide, large errors may creep , in, evsn though the machinery of inquiry may be as. good as it can be. made. Local experience shows how difficult it is to make estimates that square with the subsequent threshing, tallies. Nevertheless, the cabled Press message is a, very pleasing sct-oif to the private one sent to the farmers' Association, mid this is contradicted also by the general market cable, which evidently infers to the information obtained by Beerbohnis.