The Star. ATUESDAY, AUGUST 25, 1868.

Star (Christchurch), Issue 88, 25 August 1868, Page 2

The Star. ATUESDAY, AUGUST 25, 1868.

Titr roportn rofioivod from Enropo by l!io la»(, mail load us to boliuvo that Iho j>rioo of oui' two chiuf ni'l:i('l«H of export ■ — wool niid whoali—ni'oliliolylo docliiio. The oliiei'cnuHo of the fall in tho price of won), which !m» Ijuoii fjoiug on for "ibe Inut two yoarn, in duo to l/l»o rnpid incrt'utio of production, which him boon going on during v Jong pnriod, Tho inorcuHo ilnolf ih duo to Iho jn'iecH which pi'ovail«d from .1.800 to 18(15. Tho price obliuiuod for wool nb thai; lima Htirnulufcod iIH production loan extraordinary degrco. JOiUcrpritiiug ftion ticiu'duid tlio world ovor I'oiMiouniry uipublo of wool, Tho doiiftrh) of AuHtrahiHiii woro Hourohod, %\\n inlnndfl of tho I/acilic woro ouuupiud, mid Iho vrml/ rolling plain i of South America wrro invaded for tho wilt) purpo.io of finding coiiudy flfc to grow wool. Au might havo huon forenoon, th<> «upj>)y man began to equal tho ilornnnu, and ihun to oxuood il;, Tho prico Hi'ml; bogun to hull;, thon was or, and thon t'dl, till v point luui boon avnebwl at whioh a good doal of tho infbrior wool oflunofc roalino tho OOhI) <)i' production. It in utterly impon«iblo to pi (idiot how far tho prico of wool may jroli fall, without a inoro uoi'foct know* ■iisdgo of tho jxwilion nn'd ojipubilitioH of tho fcloutli Anioricnn wool-grotvor. It in uocoHimry to know whothor good ■frool can bo' grown lliuro in largo (\)iM)l\\,y, and at low ral.iw, boforo any ftpinion can ho i'ormud an to tho futuro ai tho wool trado in thaio colonion. If that in tho r l ,aii(j, tlmn tho prico of wool mufifc rulo lowor hero than it ban douo during the pant ten yearn. Dub wo aliould doubt whothor it can pay Sou'fcii Auitirican »heo[) furmoi'H to grow wool iur iiixpcnco a pound. If it doen not, thon thoy munt o'ithcr improvo tlio 4ju;»lity of thoir wool, or givo up growing il; allogoMior. Koduued \)riim will tend tolcHHcn production aiultoincroniio connumptiou. In t!iiH way tho market will bo ultimately relic vod", but in the nio-niLimc, prc-viuiiH calculatiomi will bo wp«ot, and numborri who havo cm barked tbnir capital in the trade will lone MjiiVO or lomi of it. Tho proHpuoln of tho aorn Uwh are »ho t>l' n downward londonoy, All or two barl harvPHl/M, tlioro aeema lo bo a Tery goiujral proiipnct of a roally good linrvftrtl; over (ho grantor portion of Europe and A.mcrii.-a, In unlioipation of thin HiitiVfitefcory result, tlio prico of wheat baa fallen throughout Great Uri tit in and I'Vunro, and it U o.sti muled by ablo enlculal.orn that the bent siamplrifi of wheat will fall an low n« Mixt.y (diilliiifffi a quurtor i\>\ man an the Smi'vesd; really oommonco-u Jt in thought that owing to tlio hareno.iri of ulxirkii in Uiono rountriai, tho prico will M)t fall lowor than thin for uoino jnoulhn to oomo. Prom theno HguroH, Yfi> may bo able to (jaloulato to a certain degroo l;ho future rango of prico.-i in New Zealand. Much, howovor, will depend upon Australian advices during Did next four months, By tho la«t act-ounttt, wo unlhor that iho growing cropH ia Adolaido and Victoria woro looking well, though Buttering houio-

wlmfc from wane of ruin, At present ib h impomiiblo l;o Hpoeulato upon tho Australian liarvosb. If ib übould turn out mi avorago one, our pricoa will have to lio based upon t'io«o of Bugland, and wo must look to that market for an outlet. In thai; oano, i(' nixty nhilliugn can bo obtaiuod, the former hero oufjlifc to bo able to roly upon foui' HliillingH and Bivponoo for good iminpliitf, Thin will bo tho minimum price, nnd will eorvo us ft btvairt upon which to (Ix tho price of wheat throughout Australia, It ia worthy of noto that thobnvloy Imrroal; m England i'm a failuro owing (;o tho dry Hounon, , Thin will raiao thu price of imported mall/, iwvli roudur it all tlio more ncuiomivy to manuCnofciiro our own. Wo ob'norved that tho Lyllallon limvJ pointod out Imo wook that an avomyo Humplo of Canterbury barloy oont to England by a firm in Ohriiilohuroli, wu» doolnrod to bo quito on a par with lCn<\lish barley, and <!rt|Mblo o£ ho'wfi In/mod into malt an good fl« tho imported article which I'oulinc'H about 12b a Ijuhliol. What jvro our maltaters about?