WELLINGTON NOTES

Hokitika Guardian, 1 October 1924, Page 1

WELLINGTON NOTES

PROSPECTS. (Special to “Guardian”.) WELLINGTON, Sep. i>!). Although trnue locally is dull, there is an undercurrent of optiniisiu that is easily explained. The prospects are bright and the outlook remarkahlv ooed. Wool is certain to make "nod money, tor cro-.sbred wool was never no liiy,li as it js now. ’I lie only danger to I lie wool prospect s is the purchasin'.’ power ol the people in Europe. Keen it there is a sliold recession in prices wool-growers will do well this season. II is prohahle, too, that there will l.e an appreciable increase in the output

i- the (locks have increased. It is ter

tain that the hulk ol the wool will he submitted to auction at the local sales as was the cr.se last season, when o():),Sf)!i hales wore sold locally. This season it is prohahle that Gisborne will he allotted a sale date and that should add to the volume of wool sold in New Zealand. Kroxen meat is also selling remarkably well, and it is anticipated that Values will continue to rule aL a payable level. Heel', of course, is still quiet, hut an outlet for heel may he found in C'oiitinential Europe, provided the prices are not too hi“h. I here should lie more mut ton and lamb available for export, and as it is probable i bat several freezing plants will be put out of action, (he remaining concerns should be tilde to earn a reasonable protit. Mutter is 'miking pood money, and the demand appears xll'nnp enoitph to last. Prices have linen improvinp dttrinp the past nine weeks, the statistical system making this possible.

bile the outlook' i- pood, it is pend mainly hecnu.se supplies are sliorl. It would, thi'iylore, be unwise to place any reliance upon liiph prices coiilimiinp tor any prosit lenpth of time, ami. it would he dnnpcrous to increase the costs of production. Some lnisiness people arc alraicl licit the liie.li prices "ill lead to inllatioll and a ri'petitioil of past I roubles. NKW WOOL KKASOX.

Wool hrolters are pettinp ready for the new wool season, and already shorn sheep hare heen proiidneiit in the sale yards. With the approach of (lie new wool season Ihe annual reviews have heen circulated, and that issued hr Ihilpety and Co., the loadinp woolhrok'ers o| Australasia, is rather interest mp. Ifealinp with the past season this linn says, _"(l rowers penerally call look hack upon the season ills! ended with the uimosi salislael 1011, and it

is s:itc In sav tli:tt tin* averaj'e of 1 ii'iocs I'lTurili'il for cnisslimls was far I eyniul i hi* in o' i saiiy-uinr expecta(iniis.’’ Il woiilil a|>ih‘ar Ms if wool f'mtvin;' Ini' ciitnvil ini,) n mm- <_-ra, fur mo !■ a\ o o 11 1 \- to look Ihi i k in tin' i• 111 1 of lhL’O In ri'iiioniher tlio dislress'iiiLX com li ti<i n' under uliirli tlio ira■ |i • mms ilioii I a 1 11 ] 111 ill o uilli tin' iaw himli•ri a 1 srlliny Moll I■ll■ k■ I' i o.' I nf prn11ii tii n. Till' nii'l <•<ii ii- I'l'i'ov•l'fy is dif null In 111 n I "i' I m ml. Inn il i- li-n ( 11 1 a [ m i 11 1 m ill 11 rll to 11 < 1 1 11 a I roiiliti i> 11 . il u . w 111 1, | is oniisiniiiiiu' mull a■l ■■ r l !ia H it ra II 1.0 |•n all n-fi I. a Mil so on"; ms roiisniiipi it-.n is uni iviaided In arl, rf inn ■ ■!ia 'inpnMrr, uM'iuy In .liyll pliers, till* outlook is llliisl prnlllisiny. Till' r"iiilil illll' m| pri'M'iif |n• rtaill- - I f111.11;x 1 1• •i: I Ihr world silyyrst m hiy |: 11 I■ I! Ii; • I il l ■ 111 a 111 1 Ini' mini IcNlilc'. I"M II lull I lII’I I■■ n\'ri 11 .1.1 ■• | I 101 l I lull Mil i II" 11 mil 11 .1 111 .'.I pill I li.i III" pi m IT. Mini pi'll I'S 11l lI SI Ilf M vital I MI'I ill' Ini' M ll!l'y tilin' In rninr. .MrrilliK IlM'.'l’ (Hire M L.M ill I'l'Ml'hl'il M li'Vl'l Ml v. Ilil I, tlir liiir.-i Min! In'st rlnilis rM• I only In' I'rs'Miilfl ms m luxury. Mini I ns-lilrils, ullirli nllly M slnlil lililr ayn Ill'll' so rlo'MO. Mir moll 111 i II;;' lip Mill! I li’ 1 y Ila II M'l mi-ly ilrMr. Kxprrts ill I Ilf I M'l ill' IrM i li* I ran Is ly Milmil Iha 1 w illi M iio i'll ia I -1 Mto i.l prosperity 11 1 ri i i i;t hi ml l iir \\ iii'lil. it iin ■ 111 supplies III' mini Mini Ii I lII' total ly iliMilrijilalr. . hill I hat i 1111 ■ 111 ion lines Imi Ml presold i'<i-l. Will'll, l hi' l'i' Ii i l'i'. Mr rnllsidrr , tin- Iplrsl inn nl m possible srarrily ill ttiinl snpplirs Mil h M i nri i'-pniiili ny Mpprrria I inn In mint's, il is mlsh iirressMi'y In rniisiiliT th" pii'silii lity tlml ntimuriny pi'irrs limy result ill m rlirr't tn till' li’avriilriil MIIi rll is I'i's pn II sil; In Ini' I In' l'i s". Till' lllMl'krt Milmllrril Inst year I roni l lie lirsl sttle In-lil l’i Xuvi'iiiluT riyht tip -in tin* Inst sales hi'kf in _M ari • 1 1. Mild m nnniolirs in tin* prims I'l'Mliscd luivr limn nmrli in vidrum. Takiny into rniisiderntinn ill' unsi'tt Ird state of Ku rnpe, Mild tin l 11 i- - .'(Milt. Hurt ua l ions in oxrliMiiye mi ill" storliuy dollar Mini franc, minors imd yreat difficult v in ouoiiiiy m lirm valiir. esperiiillv when liuvors limits, frum tin' rausi's uirll l illni*d arr inrrrasrif. redtiroil. nr entirely caneidled til file shortest Holin'. It is not exported t!:..l values Mill IlnrtiiMte duriny the roininy srasnn tn tin; same extent ms they did hist veilr, espn-i.'illy in ernsshreds. Mild ( a Mill prnl in hly he found that the | prims ri'.orded Ml the o]irniny smlos. | Mill he evenly maintmiled tliriiuyliout the solidly year. 'I his. nl rntirse, is ' Mtiidher m'mv id assertiny that prims are at their peak. We have yet to realise vhat inlluenre rnitnu will e.xer- . rise, lor tin's iihre has fallen several pem-e in prior durian; the past lew M eeks in ant ieipat ion nl a hili Aineririiii crop. i