The Fielding Star, OROUA & KIWITEA COUNTIES GAZETTE. Published Daily. WEDNESDAY, APRIL 3, 1895. THE TURN OF THE TIDE.

Feilding Star, Volume XVI, Issue 234, 3 April 1895, Page 2

The Fielding Star, OROUA & KIWITEA COUNTIES GAZETTE. Published Daily. WEDNESDAY, APRIL 3, 1895. THE TURN OF THE TIDE.

In connection with the present rise in the price of wool our readers will remember that the December London sales showed last season's Australasian wool clip of 2,000,000 feales to be worth only an average of £lO6sßd per bale, or a total of £20,606,000. After that estimate was made a further fall took place at the January sales on most classes of wool, and this to a very considerable extent discounts the present advance of 7_, per cent — equal to £1,500,000 on the year's production of woo}. Farther, the season's sale in Australasia amounts to at least 850,000 bales and Australasian interest in the bulk of these ceased in the colonial auction room. The greater part of this quantity was sold before the fall took place in December, and buyers have to look for a further im provement in the market to bring them a profit. The co'onial growers-, then, will reap the benefit of the present advanced prices on only about 1,000,000 bales— say, £750,000 of increased revenue from wool. Of course the future has to be looked to, and it is pleasant to remember that the growers have the prospect of obtaining £1,500,000 more for their next clip than they would have secured if the low rates of two months ago had. been maintained. In commenting on this, the Ly Kelt on Times does not think that the rise will be sufficient to restore absolute prosperity to pastoralists m x4.ustra(in, aud in that opinion we agree, but still wo thiuk that the change has gone far to restore public confidence in all other industries, which is a geat factor in ensuring prosperity.