THE WOOL TRADE.

Marlborough Express, Volume XLI, Issue 96, 25 April 1907, Page 2

THE WOOL TRADE.

Speaking of the prospects of the wool trade the Pastoralist's Review says that the past year has been an eminently satisfactory one to all those interested in the production and handing of Australasia's staple product. Broadly speaking the season has *been a bounteous one throughout Australia and New Zealand, though or course, there are always some districts of this vast continent suffering from want of rain; still with the exception of a few isolated districts, the rainfall has been ample, herbage and water plentiful, the flocks have increased in a gratifying manner, and the wool clip will prove to be the biggest on record. Not only is the clip a good one as regards quantities, but also above the average in excellence. It is fortunate that commensurate with the production with a record clip, values should rule -at a high all-round level. The wool exports of 1905—06 amounted to 1,869,445 bales, valued at £25,237,507 net in Australasia; the one now being marketed is expected to exceed 2,000,----000 bales, and should, at present values, (which seem likely to be maintained) until it is practically all sold) realise rather over than under £28,----000,000 net in Australasia. 'Mien it is realised that four years ago the production of wool from Australia had fallen to 1,306,942 bales, the truly marvellous recuperative powers of Australia are strikingly demonstrated. May the market continue as at present until the end of the cnapter, and Australasia will be enriched to the extent of close on £30,000,000.