WOOL MARKET.

Wairarapa Daily Times, Volume 2, Issue 133, 12 April 1879, Page 2

WOOL MARKET.

The Loan and Mercantile Agency Circular of February 27 says Home industries continue to suffer from slackness in , demand and sinking prices. Employers in manufacturing districts seem quite convinced. that they nannot look for their : profits at any rate in the immediate future in values, and are now using best endeavors to create a margin by reduction of a wages; to this the men are strenuously 1 objecting and numerous strikes are consequently in operation throughout the | country. At the wool sales tho attendance of

buyers from tho outset has been larger and the first fivo sales wero supported with a fair competition, that kept prices generally from falling below tlio average of November-Decembersales. Foreignbuyera have principally contributed to this state of tilings, purchases on English accounts having been so inconsiderable as to lend

Ie or no stimulus to, the market. It is

greatly to be regretted too that there are ni) visible indications of an early recovery from the depression under which our

woollen industries are still laboring, and we can see no prospect of improvement. Tallow shows further decline, the heaviest fall being mutton tallow. In preserved meats there has been rather more doing. New Zealand hemp—Scarcely anything has been done at 19s to 19s 10d,. • .

The thriving city of Reno, the most important place on the line of tho Central Pacifiic Railroad, was nearly obliterated by fire. A fearful gale from the w.est was blowing at the time, and the flames leaped from house to house, and from block to block with lightning rapidity. The panic strickan, half-clothed people caught a handful of the most valuable articles and : left all else to the flames. In three hours all the business part of the town was in. ashes.

A terrible storm occurred at Prince Edward's Island, Canada. It blew down the Catholic Church, Cardigan-road, Presbyterian Church at Jarvis, and railway sheds' at Summerside. The snow in the railway cuttings was twenty feet deep. A tremendous explosion occurrod at Stockton, California, on the 23rd ultimo, in an engine moving a now propelling pump; Eighteen persons were killed. The accident was the result of carelessness.

The World says that Sir Garnet Wolaeley is not likely to remain much longer ruler of Cyprus,and his recall at his own desire is imminent. He has nothing to do, and is sick of the ennui. The death is announced of the Rev, T. J, Messer, an aged Baptist minister, ivlio many years ago was a popular temperanco lecturer, under theauspices of the Scottish and National Temperance League. Captain Boyton has undertaken to swim from Pittsburgh to New Orleans in his life-saving armor. His courso will be. down the .Ohio and Mississippi rivers, about-5,000 miles. It is stated that the man Friday in the

Crystal Palace pantomimehasbeenordered by theLordChambeiiain not to mimic Lord Beaconsfield by wearing a Disraeli curl over his forehead.

The British and foreign Bible Society distributed Bibles to the soldiers in the Franco-German war to the amount of £l6,ooo,and in the Rnsso-Turkinh to £23,000..