WOOL PRICES IN LONDON.

Dominion, Volume 1, Issue 169, 10 April 1908, Page 2

WOOL PRICES IN LONDON.

IS THERE A RING? ; AVairarapa farmers arc at present consider* ably interested iii the prices which. our' produce is bringing 011 the Loudon market (says our 'Wairarapa. correspondent). •' .This state- , ment refers especially to wool; the market fOl . which appears to be an enigma.'- One of-'tho best known • Wairarapa farmers openly/ ex-. presses *,he opinion that there is a Continen-'y . ; tal wool ling, which is' on. such a sound footing that it cau be affected only by American competition. There was absolutely 110 reason, said the farmer, why there should have - been such a determined slump, especially when prices had been just previously so good, ■unless it was the fact that America for tho time being was out of "operation. Yet a short time ago, when tho Americans came in for the first time to buy, prices rose immo : . diately. It appeared very strango that this : was so, and the'farmer thought that where: ■' interests involving such large sums of money ; \ wore at stake--further investigation was'he-., cessary for the purpose of protecting wool - growers. A COOD TEST OF VALUES. Messrs.;-W, Perry and. G. Sykes, of Mas-- > terton, received 9Jd. per pound for their.-wool. • in London. Freight and insurance cost about • •lid., per-, pound:- Thp net price .would., bo . something near.Bd. . .It. is^, generally .con- : ._ sidcrcd in the'Wairarapa that 1 those farmers'. who sold locally at Sd. 'per pound'did very well.•■■ . . v;.■■'■.-.:. ; •■''■■■■ !. v .'-'