The Chronicle PUBLISHED DAILY LEVIN. FRIDAY, JANUARY 9, 1914 PRICE OF WOOL.

Horowhenua Chronicle, 9 January 1914, Page 2

The Chronicle PUBLISHED DAILY LEVIN. FRIDAY, JANUARY 9, 1914 PRICE OF WOOL.

The maintenance of tlie standard of values at the Wellington Wool sales this week gives* cause for a feeling of satisfaction. Lately there has been a determined and sustained effort to ''bear"' prices of wool, both in England and in 2s r ew Zealand, and to some extent the efforts were effective in our own islands. Fortunately for the farmer, the Bradford "topmakers" failed in their concentrated endeavours to so influence the London market as to bring pricse of wool down to what they consider a fair relative level ty the manufactured article. From the manufacturer's viewpoint the topmakers 5 endeavours were quite proper; there is a losing disparity between the price of New Zealand's staple product, and Yorkshire's manufactured woollens. But to-day Yorkshire has many competitors for both merino and crossbred wools, and when they are prepared to pay the price the Yorkshire buyers perchance must follow the lead. It is a good illustration of the working of the inexorable law of supply and demand. Meanwhile the wool sales ten thousand miles removed from Yorkshire experienced a much-needed fillip, and the sheep farmers of New Zealand and Australia arc the gainers by quite a million of pounds sterling in the aggregate.