COMMERCIAL.

Star (Christchurch), Issue 5649, 19 June 1886, Page 2

COMMERCIAL.

Btar Office, Saturday. THE EISB IN WOOL. -The chief item of interest discussed within "•■last day or two is the rise in the wool market at ****- lhe intelligence is the moro noteworthy as Home. t-_ ____pected, even by those who were it waa tots- y^t informed. Ita important hearsupposed to be -$ may be judged wheu we say Ing on New Zeala_ * covered th«* total product that, if the advanoe ha_ - o _ld have made a diffe*of this province alone, it .. *_ e growers, rence of £175,0 .0 to £200,000 to . — — -tiie Ageucy The New Zetland Loan and Mercau — I Company comment on the advance thus : an fl , Giveu a good trade in the English -e J Continental manufacturing districts, it is mo. than probable that this upward movement in prices will continue until the level of three years ago is reached. Our opinion is based on the following considerations, stated by various writers of authority on the subject :— The use of woollen •lotting has increased at a wonderfully rapid rate, while the Huropaan supplies of this staple have steadily decreased iu volume, so that although the quantities pr.duced by Australasia nnd South -.raarfoa have increased year by year, their great development has not exceeded the needs of the iroollen-clot-od peoples, and the present production of the raw material per head of woollen- wearers is not greater than it was 30 years ago.