The feilding Star. SATURDAY, NOV. 28, 1885. Glad Tidings

Feilding Star, Volume VII, Issue 73, 28 November 1885, Page 2

The feilding Star. SATURDAY, NOV. 28, 1885. Glad Tidings

The intelligence received from Heme of j the activity and new life exhibited in the wool market, is most gratifying. The stagnation which has obtained m all classes of commercial business for so long has now given way to the pressure of renewed public confidence, and' the consequent easiness of the money market. A rise of one halfpenny per pound for all classes of wool, happening at the very beginning of the shearing season, is one of these fortunate combinations which occur only too seldom. It is all the more welcome especially as we are too well aware, from past bitter experience, what a disastrous effect a fall in the price of this staple commodity exercises over the whole of the Australian colonies. We can appreciate the other alternative at this time when we have already discerned signs of improvement in other which will, with this new impetus, rapidly develope into real prosperity extending over -this and the neighboring colonies. The value of sheep, andjconsequently of grazing land, must increase in proportionate ratio, thus those sheep farmers who, in the South Island especially, have been so long oppressed with a weary and disheartening load of debt, will be either received ef their burdens altogether, or they will be made so light as to be more easily borne. The cash yalue to the farmers in our own neighborhood of this rise in wool, may be estimated roughly at two thousand pounds if not more. To the whole colony it may be reckoned by hundreds of thousands. Therejis a promise of an advance in wheat so that, given a good harvest, 1885-6 promises to be an blessing to the farmers all round. Where they are doing well every body else is certain to share in' their good fortune. Last, but still of importance in their way come the hop growers, who are also going to have a profitable season if we may judge from the reports of the state of the market at Home. This industry is now an established source of revenue here, and has hitherto been very profitable. Money m hard cash is at present tight, showing that working men, the real circulators of bullion, have: not been for some time earning either high or full wages, but with better times among the employers ot labor, this condition of things must give place to the better one of higher wages and longer employment, this releasing money which is now tied up and putting it into the hands of those who " keep the ball rolling."