THE PRICE OF WOOL

New Zealand Herald, Volume XLV, Issue 13765, 2 June 1908, Page 3

THE PRICE OF WOOL

. «a- . A shkep-farmkr itil- mis the Feildiiig Star that in his opinion wool will continue to improve in price. So strongly convinced was he that wool had touched bottom and that it would continue to go up in price thai lie cabled to London to stop his wool being offered at this mouth's sales. " I was only in lime to save half," he added, " but I'm mire I'll do well with that half in September next, when it is to lie offered." hi the course of further conversation, lie said the sheep-fanner was growling a great deal over wool being "down," but he was not saying anything 'about the profit he was making in'buying ewes and stores at recent low prices", fattening them up, getting lambs out of them, and wool off them—and thus making a. big profit. "The man who has cultivatablo ground and has put in feed has simply been in clover this autumn, and that man has been the gainer by the wool scare. Growing fats has paid him better than avowing o wool. L has been the poor beggar it! the bush country who has been the heavy loser by the low price of wool. But wool ' is going up, and it will be a long time before it comes down again."