The Manawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coast. WEDNESDAY, MARCH 24, 1886. THE WOOL MEAT TRADES

Manawatu Standard, Volume XI, Issue 1666, 24 March 1886, Page 2

Manawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coast. WEDNESDAY, MARCH 24, 1886. THE WOOL MEAT TRADES

We make, the. following extrapLfroin a letter-frpm the Woo4ville'~7jlorresppnd,ent of the Wellington Evening, Press A-ihe dread: of being- driven out of the -field; by the: stock of the River' Plate, wjiieh tin's huug , ,lika ; a nightmare: jover thej^ustralas^an. sheep-farming industry of late is^ ijt,we may credit the utterances .cf-^the~;Buenos' gyre's Standard itself, a very groundless dread indeed. ' The Economist, m a recent ISBUe, m 'Tetriiirk ing" pn-.fchp:- tgo. enterprising borrowing power of the republic, observes "(the ■•highypre'.raium.S .to which gold haa been driven : has, : of course,' 'injuriously affected < i(? : m: many ways, but at the same time it has not been without advantages; Thus the Buenos Ayrea Standard writes; — "Wools are so low, and wheat pnd tallpw_jp .depressed,, that „.bu|_ jjjor -the premium on gold all our farmers would be ruined j'..:ln.'btlier.:.words, the purchasing power of gold : has risen' so greatly, that the rise more thaa,comp'ehsates exporters Jforj the-fall^in the prices' .of tlioir products, -■ and ygwM^a great: stimulus to the export *.trade." SThis,- of course, the Economist very justly job-,, serves, cannot be a permanent state of things: The ' depreciation of silver jin India, though, .a great .djsaster for [the Indian ' Treasury, has operated, it has been observed, similarly as a,, :bpuatyj on the Indian .wheat, export,;, It : H\ws iappears that a policy of a state' of things which is highly mischievous to the State as a corporate body, may for a time,! at least, be advantageous to the individuals ■,that comprise, it. : M. Savelbye, in^ai recent article m the " Contemporary," draws attention to thW extraordinary pro 7 gressin. wiaalth^ splendour, .. .a'nd -vpopuli^ tion m Vienna, simultaneously with {the increasing difficulties of the Austrian Government. Thispperhaps- r is-ano^her-instance m point. I commend the artrui uaent to Sir JutrosP^OGEL. \