The Pahiatua Herald. with which is incorporated THE PAHIATUA STAR. Published Mondays, Wednesdays, and Fridays. MONDAY, OCTOBER 29, 1894. A COLONIAL WOOL MARKET.

Pahiatua Herald, Volume II, Issue 221, 29 October 1894, Page 2

The Pahiatua Herald. with which is incorporated THE PAHIATUA STAR. Published Mondays, Wednesdays, and Fridays. MONDAY, OCTOBER 29, 1894. A COLONIAL WOOL MARKET.

The admission of wool duty free into the United State*; is destined to hav< a beneficial effect on the Austmlasi: ;; dolonieg. Thi 1 the consumers of wool, the annual con-

sumption being al 10,000 )1 . of which about 110,000,000 lb or 2s I pet cent, of th was, in spite of a ptohibiting tariff, imported in 1898. The wool production j of America is about 460,000,000 lb, i the bulk being of medium quality an i grown in the territories of the Far West, which has to he carried by rail : considerable distances to the menufacturing centres in iho Kast and bear a freight charge of 1 id p> r 11) of great y wool, i':- 1 ' r a Vm cans arc sure to cast about for th 1 cheapest market for applies, and we [ are certain to look to Australasia to furnish sable. The question th n ! arises, will the Yankees be content to ‘ buy their wool gupplii i in London? in other words, will the American manufacturer submit without murmur to paying all the charge s incidental :o shipping the wool from the colonies to London and from there to Boston and the other manufacturing centres? \\ e think most people will givo the Yankees mi»ie cr<dit fore m . rcial en prise than belief they th • 1 ■ courses will present themselves to block the shipping to London ; first, every inducement will be offered for the direct shipment of Australasian wool to American ports, and in tins

connection it is inn resting to know that New York is alive to the probabiln ios and is < recting a wool excl which will have a lloor area of aboui four acres and a storage capacity of 25,000,000 lb of wool. Tin re another course open, and which v hope to see advantage taken of, anti that is for American buyers to attend i sales in the colonies. It is to the expansion of the colonial markets that . we wish . . din m ’I ! . ling of the Australasian clip in the colonies has, in spite of a commercial crisis oft recurring, grown in volume, as tlie following table, which we talc from a letter i ipearing in a i a issui of the Sydney Mornin; H will show;— AUSTRALASIA. 1880-81 1880-00' lki;!-<»4! I’ri in -■ a, (bales) 057,000 1,400,000 1,900.000 Local salt s (bale*) 197.000 508.170 851.000 Percent. 20 39 46 i he . • i r 180.1-0 i re . Btimaf d. considerable, bo th« i plicity of littie lnni'konx The po.tn ! where wool sales are held, nec-si-j of buy- rs ol Hone* and foreign conj with one another both buyers and 1 sellers suffer; furthermore, at these - little sales it is impossible, from thi inadequat stsragi> acc >mmi idatioi . to | properly exhibit sampl* s and afford buyers a ready means of insp *cting the : bulk. Let u (tain h( ci le of th< Einpnv (’it)*; there are thr, dill l r lit | firm 3 ilia pr<ip h tiding wool sab -. and to their credit lie it recorded, all ! I ho firms will sell on the same date, i Now the buyers have to move about ; from one part of tin city ;-> the other i to attend these sales, while there is ’ ]y war .hoti could givi | the requisite ace anmodalion to any appreciable quantity of wool, lunch less properly exhibit samples and hulk. The remedy lies in providing a special building of 1 he nut lire of what is known as a wool exeluuc* . win* the who' parcel fairly i th differ! nt lot off* ri da rational purchases. The advantages j „o the wool grower under neb n j syst' hi must be obvious, as in lead ot . hr<, jpfs of r< *n- n, trtt r-. etc., | ~ i it ■ so i would l j * * sufficient, and the other in in ' which figure on the debi; siil,. nl the account sales would he I Materially reduced. If, ills: aid of • wool sales bring held at every centre land other places that are bunged up I by sentiments u ,social. I with lb *- frog j in the fable, the whole of tie wool it ... in i i vantages would he cun ovcl on both buy rs and •Her . it would tend n I reduce eh o * a ii.miior i with n I probability of n t * ! sequent upon buy r boil g n ffoi ded a larger sclweion, with ample facilities | for inspection. i passed to n virtui in every city, n wn and hamlet in this Colony, and the

petty spite which has raised commercial barriers to a free iniorchang. of commodities, ihe place for an Australasian central wool exchang would, in our opinion, bo Sydney. Is may be that by shier force of circum stances Sydney will command tin position in spite of the blasting ea t wind of intercolonial pettiness. Sin occupies the first place to-day, and i will b difficult to dislodge her front the vantage ground. Sydney is tie.

great outlet for tie wool clip of thi New South Wae-s flook" numbering about 62,000,000 sheep, and she gets part of the wool of the Queensland flock numbering sotm 25,000,000 sheep. Last s stson about .100,000

I bales of wool wer. sold in the Sydney I i market or quite 50 per cent of tli. j total quantity sold in tin. Colon- j i The position of Sydney its the leading 1 ! wool market of Australasia is un- ! assailable, and time will but strengthen her standing, more especially if tie i enterprise of the wool brokers leads ! them in the right direction. Tiiekk is an increasing tendency on , the part of our wool growers to disI pose of their clips in local markets a--against shipping to London and if they combine tor their common in- : terdst they can enforce reforms that ; will be beneficial to all concerned, i The creation of one huge- centra! | market for all classes of Australasian | produce is inevitable ; a London in I the Southern Hemisphere must d: - in tim . Then many aspirants for the coveted position, but the influences of natural advantages .and human enterprise arc with Sydney. The mother colony has much to do before ii can assert herself, i tit tb-'' Hi- is r! ■ to her high -anted. Tli ■ coming wave of commercial ■ '-tivity will place Sydney in the posii'm that rite is apparently destined to sc py. Unfottun ely or New V. a-

laml she cannot attain to any si/., o: offer any inducements for the position of chief mark. :. V,. have four « ntn neither of these strong enough to lead: narrow minded, iq'eio: til« :.’ouof one another they foul their own inand Colo ly.