The Wairarapa Daily. MONDAY, AUGUST 16, 1880.

Wairarapa Daily Times, Volume 2, Issue 543, 16 August 1880, Page 2

The Wairarapa Daily. MONDAY, AUGUST 16, 1880.

The, authentic coming to hand of. the-enormous and ever-increasing of 'corn iri the United states are indeed ominous, and presage a future, the'reverse''of bright to the corn-growers and exporters in New Zealand;and Australia., I& 1879 there was every apparent . chance of wheat bringing, a high figure in the European markets. The harvest generally in Europe was short, exceptionally so in Great.Britain, being by general-consent the worst experienced for 63 years, So bad was it that jt was estimated that Great Britain alone would require to purchase.from outside sources 16 to 18 million quarters of wheat, the Continent requiring at the same time about an equal quantity, making a total of 'from 34 to 3G million quarters, ' In spite of this enormous demand;' 1 coupled with the manipulation of the American market: by a, '• speculative ring," prices did not : rise above, if up to, the ordinary level. The average price ruling in 150 towns of England and Wales, taken for the purpose of fixing the tithe rent charge demonstrate this.. At the end of August last the'price averaged 49s 3d, rising inOctober 7d,. falling again'in February to 435, ; then rising again in April as high as 47s 3d 'per- quarter'; the average during the previous thirteen yean being 53s 3d. With/the prospsotof ordinary harvest in Europe; to an inoreased are* (amounting : to 15 per cent.) it is indeed doubtful if New Zealand farmers .can-gfow'wEeat cheap enough to admit of its being placed in the English market, and sold with' profit. It behoves;, the farming' conv; munity to take this question of competition into serious'consideration.Having but a small market within the Colony, we must earefully watch" the producing power of other Colonies, and turn our attention ; to 'produce 'such commodities, as are not likely to be.j driven out of the worldly more fortu-nately-situated rivals. 'Competition in the growth of cei'eals is not even limited to the United States. India, Egypt, and the South American are fastbecoming.large-prodncers and exporters. If we are'to send our corn to foreign markets; with the hope of profit we must obtain ahigh average per acre, for if the price is low the yield must of necessity be large to compensate. But to produce a large return, and especially a continuously large one, every care must be taken to keep the land "in heart." The growth of. cereals'• alone will not do this. ..'From the production of meat on farms the desired result may be obtained, it is in fact the. help-mate, the one and only source from'which fertility can.' bs ■ maintained ; . .with' economic reaults. ,■