The Feilding Star, Oroua & Kiwitea Counties Gazette. Published Daily. FRIDAY, JULY 6, 1894. FREE WOOL IN AMERICA.

Feilding Star, Volume XVI, Issue 5, 6 July 1894, Page 2

The Feilding Star, Oroua & Kiwitea Counties Gazette. Published Daily. FRIDAY, JULY 6, 1894. FREE WOOL IN AMERICA.

m By the Senate ot the United States of America abolishing the import duty on wool a new field is opened for the staple product of the Australasian Colonies. The advantages which will accrue to them can hardly be overestimated because an advance in prices is certain to take place, in fact we may say that the market in London has already hardened, tor by late telegrams we are informed that at the sales now going on " bidding is good and prices are fully maintained." If New Zealand elects to send her wool to the States either by San Francisco or by New York the difference in freight will be in favor of the producer, both a saving and a profit. We do not anticipate that the labor troubles now obtaining in America will be of long duration, but in the meantime the consequences to trade and commerce of every kind there will be very serious, not the least of which will be the stagnation in trade which must follow. The Americans have great powers of recuperation certainly, but they will need thpm all to recover the losses entailed on the country by thes« unhappy strikes. We can assert, however, with some degree of confidence that the strong hand of the law, supported by public opinion, will at no distant date restore order, and allow the business of the nation to be proceeded with as usual. The now tariff will come into force on the Ist August, justin time for New Zealand's next clip. We do not like to anticipate a " boom " but we have strong cause to hope that a new era of prosperity is about to dawn on this colony. The reconstruction of the New Zealand Loan and Mercantile Agency Company ; the plucky conduct of the Government in saving the Bank of New Zealand, the steady progress of the frozen meat, and the cheese and butter industries, combined with the brightened prospects of the sheepfarmers, all tend to justify that anticipation.