RISE IN THE PRICE OF WOOL.
The real wealth of New Zealand lies in what she is able to produce, and as everyone knows, her staple productions are wool and grain. A rise in the price of either at once sends a thrill of satisfaction over the colony, and a fall acts in an exactly opposite way, but with the same readiness of response. It is, therefore, with great pleasure that we read in the cable news today an announcement that a material increase has taken place upon wool prices in the London market. The clip this year has been fairly good, and the rise in price will thus be a material increase of income. If wo may judge from the telegram, the market looks very well indeed, the demand being brisk, and the tone of the market firm, while the buyers at the sales were numerous both on home and foreign account.
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