THE PRICE OF WOOL.

Manawatu Standard, Volume X, Issue 1493, 29 October 1885, Page 2

THE PRICE OF WOOL.

f ■■ ~ ■ '- • Thb priced catalogues of wool sold m London at the September, sale 3do not 'supply pleasant reading for runholdejM jand other: sheep-owners.. The prices ar.e ; ;about the same as those of 1870, that dolefuj tjme : 'of .depression of ■ whjoh -Mr iStbut spoke the other day. Two Cariter•bury stations have, obtained for a considerable number of bales of greasy merino wool as much as Is lsd per lb, and lone lot of Otago wool , has approached ' this figure, but these prices are quite exceptional. In almost nil other oases the^ prices are deplorably low. Clips of goba"' reputation have ' brought 'for* their best quality of cpinbing wool intho, grease from ßd to Ki^d per lb," the avbrageindre nearly approaching the former than the latter. Crossbred. Wool is m quite as bad a way as merino, and pieces and locks can leave little surplus after expenses are paid, That these low prices can last f6r ever (writes a Wellington paper) it is imposiible to believe. Croakers saidfitteen

years ago that things would never mend, and two years later the value of wool was exactly doubled. The production; of wool ■ Jias- Enormously increased m the intwrval^ and we shall probably not a^ain seefsucht' a sudden increase m value, but that things will improve few can doubt* r ;j|