Improved Prospects

Feilding Star, Volume X, Issue 39, 8 September 1888, Page 3

Improved Prospects

f •■;. Although the effect may not b< very generally apparent, there can b< 1 ' no doubt that the recent rise in th< b | price of all our Btaple products hat l \ greatly benefited thia colony. De- • pression still continues, but it is noi so deep, and there is a much more hopeful feeling growing up. The advance in wool and in the price of frozen meat has been most welcome to the sheep farmers, and will relieve ' them to a considerable extent of burthens which were becoming almost too heavy to bear. The prospects of the agriculturalists have also been vastly improved by the rise in the value of grain, and by the expansion of dairying, to whiehwe alluded more particularly yesterday. Altogether the pastoral and agricultural outlook is far brighter than it has been for some time past, and if prices of produce are maintained, or a further advance takes place in values, as is not improbable, confidence will speedily be restored, and fresh enterprise encouraged. There are also, we think, hopeful signs apparent of a revival in mining matters, in an increased gold production and a development of new mineral resources. Thi6 colony, too, is likely ere long to j attract an overflow of the English capital which has recently been pouring so freely into Melbourne, to the great advantage of that city. Taken altogether, there' is good reason to believe that -the lowest point of depression has not only been reached but passed by this colony. — Post.