THE WOOL MARKET.

Dominion, Volume 1, Issue 188, 4 May 1908, Page 9

THE WOOL MARKET.

Si —Speinpci'.tho.low price to which wool, - . has, been forced, down. in. London,. and baS'ing noticed-.,that th&American wool-growers iiavo , .-formed-ft .Trust to. regulate the .price of. wool. Mnitlioi-iffiutpd States.,would, it not be advis-; I .Zealand wool-growers to take . i "arid do tlio"samo here? ■!'Tho nrico now, ': ruiing'Vfor'cross-bred -wool -in London is so low.as "to,, spell disaster to many engaged in : that, liraiicli. of. farming, and 'cannot bo grown figures-now ..ruling successfully: ,-AVli,)vi high price of land, high wages, and 'ilio 'heavy land-tax jiow imposed by the - ,Gqvcrnmeiit,|iit "is.'difficult to make v ' 'u'oMi,'erids,'mc.ct'.' : ,T should suggest that wool-" '|grbw'o'rs: ;i iil oach proviuee should unito and :• ■ seriously. consider the matter as to liiriitiix* • Quantity;'marketed after next clip. If -oacli. gr&yer of ' SO[ bales and upwards wero Wck"6o nor cbhtl-' of :Ins clip, 1 it would ■ . ,Jjs tiie ,f h)eans bf*t'orcihg-prices up, to r pay- : 1 .-Styo'-pofajp '-r-Did •' London and Continental m buyers'niw know .tliat'sucli action would ba ■ "takfiri. in the colonies, it would • ( at! once causo f a : "rush-to 'bo made toisecuro •••. present lo\V prices, and a rise would ; '^dtftraUj l - follow.'f- : l : .may -.say- that lam a • ' : grbffCr*to' tlvo'oxtent'of : '4oo bales, and, if all , ,fltli6i -r gVo'weVs;throiighout'Now Zealand would ' 'fajl':intolme;<would bo prepared to hold back - dialf 'of my ' clip "until tlie market • recovered , itself.' Pcfhaps ; some ' other wool-growers/ - : :-would express their opinions oil this subject., .'(Tho few that I have spoken to on tho subject '■■seem to think it would havo tho desired effect ~ it jail }verc unanimous.—Yours, etc., : v v ~' WOOL-GKOWI'X ; • r • April 30.i •