The Rise in Wool.
The rise of between ten and fifteen per cent in wool has so pleasant an air of permanence that one may be pardoned for remembering one's own idea that no depression was ever permanent. The American buyers' appear* ance in the market accounts for much, if net for air. The American market was supposed to hare in some way collapsed, because the lowering of the wool tariff did not lead to a boom. The reason was that the 'cute Yankee ;■; laid ia a stock and took it out of bond as soon as the tariff was lowered, t" That stock having gone off the Yankee market is open, and the'price has gone up. Ten to fifteen per cent means for New Zealand, if it keejs up f*r a year or two, an extra dividend of between £400,000 and £600,000 a jear. There is no reason why the rise should not go up to twenty-five per cent., in which case our exports will go quietly up next year by a million sterling.— Times.
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Bibliographic details
Feilding Star, Volume XVII, Issue 10, 11 July 1895, Page 2
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176The Rise in Wool. Feilding Star, Volume XVII, Issue 10, 11 July 1895, Page 2
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