THE WOOL TRADE.

Globe, Volume XXII, Issue 2044, 11 September 1880, Page 3

THE WOOL TRADE.

I In an article headed “The Requirements of our Trade with Australia,” the “ American Exporter” says :—lt is admitted that the wools grown in Victoria, New South Wales, and Tasmania are the finest in the world, and manufacturers in this country hare long since discovered that without an admixture of these fine wools it is impossible for them to make the finest descriptions of cloth. Notwithstanding this, our millownors are virtually prohibited from purchasing Australian wools by the existing tariff, which amounts to between 50 and 60 par cent. ad valorem. We consider it the duty of Congress to take this matter into consideration at its earliest opportunity, so as to remove this obstacle to our trade with Australia and Now Zealand, who feel that they have a right to expect it, while we admit that we need their wool as free of cost as our rivals in trade admit it to their markets. In order that a still more rapid development of the commercial relations between Australia and the United States may bo seemed, it is evident that the Government at Washington should remove some of the existing restrictions with which enterprise in that direction is now handicapped, for if America desires to sell, she must be prepared to buy, as trade always resolves itself into paying for commodities by commodities.