The Feilding Star. TUESDAY. DECEMBER 3, 1889. Wool

Feilding Star, Volume XI, Issue 71, 3 December 1889, Page 2

The Feilding Star. TUESDAY. DECEMBER 3, 1889. Wool

* . The prices for wool in the Golonia and English markets, are undoubtedly hardening this year. In Auckland, we l^arn from the Herald, the prices at the first sal o of the season advanced .dbout I'd to l£.l per lb all round. The whole of this a/iva nee upon last year's prjCc-s is not '.o he taken as the nett increase in the price given for thp wool 501 d,,,., quality ;i for quali'-s for it, was generally, admitted' that it Be condition of the this year is much better than "sof, : sevbra'l plist. The staple of the wool is even throughout,'' dbo/wing thai the.eondituiOß of growth'; from .the slioaTing i'Hme iri 1 88^ to^fehe; eatne; period this

year, has been highly favourable. From this cause the wool naturally benefitted, and the increase in price above stated is therefore due pattly to the actual advance in the prico, and partly to tho article produced this year being superior in quality to last year's production. To whichever of these causes the enhanced prices are most due, thti fact remains that tho actual producers will largely benefit, and if the sales nosy under nolice betaken as a criterion for the rest of the colony, the spending power of the farmers an I sheepowuers will be very largely increased this year. Last year the amount of wool exported from New Zealand was 83,225,7331b5, aud allowing for a fair, proportion for increase in the number of sheep and the advance in 'prices the increase in their income this year as compared with lhatof 1888, will he fully £350,000. This added to the general advance in flax and in other rural products, together with freshening interest in mining, gives promise of the coming year in New Zealand- being oue of more prosperity and cheerfulness than we have experienced for several years past.