WOOL.

New Zealand Times, Volume XXIX, Issue 4238, 20 October 1874, Page 3

WOOL.

TO THE EDITOR. Sib, —The New Zealand Loan and Mercantile Agency Company’s Circular of 25th August, 1874, shows the import in England in first seven months of theyear to have been thirtyeight million pounds of colonial wool more, and twelve million pounds less of foreign than in 1873 to the same date, giving an actual increase of twenty-six millions; whilst the export has been thirty millions more, leaving to the 31st July four millions less for England than to same date in 1873. Your paper not long ago gave an extract from Messrs. Jacomb, Son, and Co.’s report of July 8, stating that the import from Rio Plata for six mouths to 30th June had been, to the Continent of Europe this year, 172,259 bales, ao against 131,402 bales last year to same date —or an increase of 40,857 bales (Query, if of SOOlbs. each). Though there had been such an increase up to June 30th, it was stated that the total export from Rio Plata for the year 1874 would be less by from 10,000 to 15,000 bales than in the year 1873. It is very probable the United States have taken less, and a much larger number of bales have gone to Europe. 1873. 1874. Lbs. Lbs. Tbe Continent took of England's imported wool to July 31st 04,793,000 94,704,000 The Continent received direct from Kio Plata to June 30 105,200,000 137,700,000 160,993,000 232,624,000 England had left of imported wool up to the 31st July.. 160,173,000 162,555,000 It will be noted that the Rio Plata wool received direct in July is not included in the above statement, not being known, or it would augment the striking contrast considerably. Further, it must be stated that the Rio Plata bales have been multiplied by 800 to find the number of pounds. The authority for this is the work of Wilfred Latham, published in 1868, in London. It will be observed that whilst England retained four million pounds less this than last year, the Continent received of imported wool more by sixty-two millions of pounds, or rather more than 36 per cent- increase in seven months, and without including its month's import for July from Rio Plata. The third London wool sale commenced on 18th August and concluded early in October, lasting nearly seven weeks, and was well attended by large buyers from and for the Continent, showing that great as had been the supply in excess of last year, the markets were not considered over supplied. England must look to her laurels, for this statement shows how great is the rivalry she is experiencing in the woollen manufactures by the Continental States. Samuel Revans. Woodslde, October 8.