A RIVAL IN THE WOOL MARKET.

Oamaru Mail, Volume IV, Issue 1319, 16 August 1880, Page 2

A RIVAL IN THE WOOL MARKET.

It has been more than once pointed oat (says " Anglo-Australian" in the European Mail) that the wool trade of Buenos Ayros, where, there are upwards of one hundred million of sheep, might bo made to tnlco a foremost place on the London and American markets, where, in regard to certain descriptions, it might enter into competition with Australian and Cape wools. This idea seems about to be put to a practical test, and an experiment, which will bo watched with peculiar interest by stockraisers, is the shipping of American merino sheep to the Argentine Republic by Mr, W. G. Markhain, a well-known furmor, I living near Rochester, New York, Id * appears that Mr. Markham's attention | was drawn to the possible advantages of such a venture by the success, which has r, attended the crossing with Mongolian ft stock of Amecican merinos, 200 of which he recently took to Japan, under a contract with that Government. The im- i'*j provement in that instance is ostimatod ,i as high as 400 per cent. With tho view, then, of demonstrating the superiority of the American breed, Mr. Markhaut ha& I' sent out to Buenos Ayres 16 of the finest M merino rams that could bo obtained in New York State. Already thestock-raisora k; of France and Germany have, made large k shipments of their choicest stock to the L same market, so that the wool interest of pj Australia and New Zealand must look in ; i the course of' a few years to encounter a ; robust competition, in this article from. » South America. r-