PRICE OF WOOL.

Dominion, Volume 1, Issue 102, 23 January 1908, Page 10

PRICE OF WOOL.

IMPROVEMENT ANTICIPATED. (DX TELEGUAI'H—SPECIAL CORRESPONDENT.) Duxedin, "January 22. Mr. W. C. Dawes, .chairman of tho . New Zealand, Loan and Mercantile Company, and chairman of the New Zealand Shipping Company says: "My feeling is that the agitation as regards wool is entirely one that is affected by the money market. I don't think tliere is any justification of wool dropping in value, as before I left the wool that was going Homo was boing sent at once to the manufacturers, whoso hands were full of orders, but von can quite understand that the 6 per cent, banking rate upset the position. Buyers, .who. go . out will have to go cautiously, and the same, tiling applies at Home, but at the same timo I am not depressed about the- position as regards wool. 1 think that as soon as this temporary trouble'is adjusted wo shall find wool improve again."

A catalogue of live stock to be sold to-day at Palmerston North is advertised. The auctioneers are Dalgety and Co., Ltd., and the Loan and Mercantile Company, Ltd. Some hundreds of ewes and lambs, with other live stock, will be auctioned at the Levin sale to-morrow by Dalgety and Co., Ltd. - The General Assembly Library will be open t.j tho holders of recess privileges on and after Monday next. . , It lias been discovered that it is possible to telophono by putting the foot against the transmitter whilo speaking. A short-temporal subscriber says ■ lie has ' tried this plan 011 being cut off, but it resulted in the apparatus uecoraiivg completely disorganised,—London ''Evening News,"