WOOL.

New Zealand Times, Volume XXX, Issue 4368, 20 March 1875, Page 3

WOOL.

Sib —I find in the Nkw Zealand Times of the 17th MSnJ) (he circular issued annually by Messrs. Windeler and Bowes, of London. This is very valuable, as giving the total importation to Europe, in the place of merely the importation to Great Britain. It vwonld have been much increased in value if the comhad been for a greater number of years. Had it also given the facts in greater detail it would have been more instructive. It states the total European import from Australasia, Cape, and Kio Plate in—--1874. 1873. M 1,000,500 005,587 Deduct import to Greatßritain) from the Colonies i 82C,810 717,000 Shipped direct to Continent.. 233,807 Of this there were shipped) ~„> ondirect to the Continent \ 170,009 138,89 u prior to 30th June > Shipped d irect to Continent be-) tween 30th June and 31st V 50,778 100,002 December / It was stated at the lime the account imported to the Continent from Kio Plate, which appeared in your paper a few months ago, that the direct importation in the latter part of the year to the Continent wonld be much less In 1874 than it had been in 187», and the figures above, though probably not quite correct, will, after making even a considerable allowance for error, show that there was a considerable decline, which will account for, to some extent, the unusually large purchases made at London sales by buyers for shipment abroad. It is stated that an unusually large proportion ot wool was shipped to England last year in the grease—- • to what extent this may afreet the supply some may know. Bales in the grease are generally much heavier than bales of washed wool, but I know not what proportion a bale of greasy wool when washed would weigh, compared with a bale that had beer, sent home as free as usual of grease. It may be it at bales in the grease and bales of washed wool would yield nearly the same quantity of fibre. According to tho English import, there is showni an increase of 15 per cent, over 1873, wh ' lß .\ t n "L ß i ! ™f statement shows a European import of 10 per cent. » increase only, and thereby is its superior value proved. Fifteen per cent, increase might have very seriously affected the price of wool, and 10 per cent, lias not operated to a great extent: yet, with only isli import account, the impression would have prevailed that it represented the general increased supply, it is a question worthy of serious consideration for many, whether, under leas favorable than present circumstances, a cumulative annual supply.of 101 per cent, would allow of present prices being mamYthink, with the loan secured and the prospect of tte wool market, that New Zealand affairs are likely to remain favorable for another year. Samuel be vans. Woodside, March 18.