The Wool Market.

Wairarapa Standard, Volume XIX, Issue 1857, 14 July 1886, Page 3

The Wool Market.

Everyone is hoping, yet almost doubting, that tha ‘ sharp rally in prices” in our principal exports, wool anti wheat, which lollowed so quickly on Sir Julius Vogel’s hopeful prediction, will continue, and that our staple products will rise to a price which will enable our runholder and farmers not merely to ‘‘bang on’ but to set to work in earnest, spending money on their properties and employing labour at good wages. The town is dependent on the country—a prosperous country means prosperous towns—so that all, however remotely they may be connected with agricultural persuits, are interested in good prices being obtained for the products of the soil. The recent rises, though they are far from what we hope will he attained, mean no inconsiderable sum to tbe colony. In a recent address to the Dunedin Chamber of Commerce the chairman referred in almost jubilant terms to the turn of the tide in favour of producers, and submitted some figures showing the importance of small rises to Mew Zeaand. He reckoned the last wool clip at 86,000,0001b, and an average' advance of twopence per pound would mean an addihooal and that, too, all extra "spending money." for it would not be accompanied by any increase in expensesTbe advances in wheat and oats be estimated aad 8d tod 4d per bushel respectively, which on the exports last year means over 280,000 ■tore. Tallow baa also advanced in price, aad, taking it all round, something like an datra million of money will be available for aapeadtloie if the advances are sustained, farm led prices most also stimulate product aad another advance in prices equal to fh*t woorded in the last month or two woold restore confidence, inspire hope, and coon pat an end to any legitimate cry of hard tonaa.—Hawke’s Bay Herald.