THE IMPROVED PRICE OF WOOL.
TiaE following calculation is made by the Otago Times as to the effect in that proviuce of the improved price of wool: — Nearly all last season's clip from this proviuce would be offered for sale in June, and would benefit by the rise, which must amount to about 3d per lb. above February rates. According to a late Customs return, the quantity of wool exported from Otago for the year ending 30th June, 1871, was 12,928,007 lbs, valued at .£523,243. A rise of 3-1 per lb. on this quantity means therefore that woolgrowers here through the competition of French and American buyers, are richer by ,£161,600 than they would have been had their wool been sold at the February sales. It would be impossible to. enumerate the benefits which will accrue to the community if the price of wool is now maintained. Not only will confidence in station property as an investment be restored, but the value of freehold property in the country and in Duuedin will be enhanced. It may be fairly said that a material rise in this description of produce is one of those winds which blows every one good.
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Hawke's Bay Times, Volume 18, Issue 1108, 31 August 1871, Page 2
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198THE IMPROVED PRICE OF WOOL. Hawke's Bay Times, Volume 18, Issue 1108, 31 August 1871, Page 2
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