Matawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coast. MONDAY, OCTOBER 19, 1885. THE PRICE OF WOOL.

Manawatu Standard, Volume X, Issue 1484, 19 October 1885, Page 2

Matawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coast. MONDAY, OCTOBER 19, 1885. THE PRICE OF WOOL.

be a vastly extended demand. As; matter's remain at present, the pro-; duction is increasing year by yearly and the result is that prices are low and promise to get lower. The magicians wand that will restore prosperity to New Zealand must be m the directien of raising the price I of wool.

At the last meeting of the Wellington Chamber of Commerce Mr W. T. L. Travers who presided read a letter uffrom Flinders* Wool Warehouse, at Melbourne, addressed to the and signed by rJVIoNCKTQN.p. Synnot Bros., who, it .would be remembered, had lone taken a great interest m promoting wool trade with other countries, and especially with China and Japan. /The letter was as follows ;— . ? *" Melbourne, 2|st\3teptember. ; " f o v the-Secretaiy of the Chamber of Commerce, Wellington. v S'DEAtt ¥ Sißi^We^g'|to address you on a subject, of much importance to the wool-producing interests of Australia and New Zealand, and shall tie glad of your consideration of the matter, with a view of affording us your active co-opera-tion and support. Having been associated with the late Moncktox Synnott m the initiatory steps taken some years since to open up direct trade m Australasian wools with China land Japan,, and havingjtollowed the matter carefully, we are of opinion that existing conditions are highly favorable to the prosecution of this enterprise, : and that a further effort could now be made with every prospect of success. We would point but; that its establishment would at once materially enhance the value of wool-producing property ;' ' its ' development would :^mbraj»^a]Lpq^ikleJn|(n^^;of f^T^ duction for some years to come, and supply a fixed minimum value for all Australasian .wools.. , Feeling satisfied that !this fatter fwjill commend itself to our notice, we will esteem it alfat^ri if 'ypu- wjllj static m reply if you coujd make it convenient to attend a meeting to be convened within (say) ten days, the purpose being to take such steps as will. lead to immediate action m the matter.---:.wea«jr&c.;^''y;; .[/•*:},'.';;, * *' Monckton J). SYNsroTTBRbs: 1 * : It is sincerely tip tW.hoped that something will come' of this^ matter. It is evident that the' cqnditioi]i' of > the ,wpol n)artcet is the i re verse of enconraging, and 'there is little reason to anticipate any improvement ; but rather indeed the reverse: " J WK'at is wanted is other outlets for our staple 1 product. We pointed out recently that once a market was established m .China and Japan, there would