The Rise in Wool.

Ashburton Guardian, Volume xxii, Issue 6434, 29 November 1904, Page 3

The Rise in Wool.

GOOD LUCK FOR FARMERS,

Wool is undoubtedly "up" (says the "Press.") Tho risa in prico which marked the first sale of the season in Christchurch was followed by a further rise at Wellington last v eek, and pastoralists all over the colony are wearing, with good cause, the smile of deep satisfaction. The rise means a good deal to New Zealand, for if certain anticipations are realised, it will add at leflst 25 per cent to the value of a product that last year counted for considerably more than a quarter of the total value of our exports. The " golden fleece " is more than ever justifying its description.

Business men reckon the rise in price? will mean a gain of £200,00 J over last year to Canterbury as ;i whole. The last Argentiua clip w.,a sh"rt of the previous one by lt-0, 1 00 bales, and the clip duo will not be much larger. In tho United States also the flouks have been much reduoed of lute years. The remarkable rise of 15 per cent in crossbreds was caused by the demand for coarse blankets for winter use by the Japanese troops. It is not certain whether the prices for wool will remain hUh any length of lime, as a great deal will depend I on how long the war lasts in the Far East.

'''he North Island is expected to benefit still more than Canterbury by the rise in wool, as up there breeders go in more for the coarser clip?. In Wellington last Thutsdny wool nold at Did to M'-gd per Ib, which a few years ago brought only 4Jd to s£d. The benefit to the whole colony will be a very substantial one.