COLONIAL WOOL TRADE.

Patea Mail, Volume II, Issue 205, 28 March 1877, Page 3

COLONIAL WOOL TRADE.

[From the Nelson Evening Mail March 19.]

Tun wool trade of Now Zealand has assumed such importance, and the resources of the colony are so largely ■r'.Yecled by the lluetuations of the [London markets, that the statistics ' which we propose to give to-day cannot fail to interest a large number of our readers. They are collated from the annual rcqujrt of Hclniuth Fcbwartze and Co., of London, which contains a

deal of information beyond that to be

found in ordinary trade reports. Without further preface wc will from the figures before ns proceed to show the immense strides made iu the Australasian colonics iu this particular industry since 1807. In that year the total amount of exports from New South Wales, Queensland, South Australia,

Tasmania, Western Australia, and New Zealand was 412,041 bales. Since then the export from these colonies has been steadily on the increase with the exception of the year 1872, when, for some reason ol which wc are not aware, the product was 4b,000 bales less than that of the previous year. After this there was again a very large annual improvement, which iu 1873 amounted to 29,000 bales, and in 1874 to the enormous sum of 100,000 bales, and so on, until in 1871! the exports readied 708,808 bales, showing on the whole an increase of more than 3b(5,000 in the decade referred to. .During the whole of this time New Zealand had been making steady progress, her contribution having swelled from 70,304 to 1(52,154 bales, until she is now second only to Victoria

as a wool producing colony, the amount furnished by .the latter being 300,803 bales, New South Wales and Queensland, which are classed together, supplying 109,874, or about 7(500 more than our own colony. The magnitude of the trade, however, will be better understood when represented by pound* sterling instead of the number of bales, and a tabulated statement which shows the average value per bale, and the annual value of the commodity which found its way into the London market assists ns iu arriving at a more iwtelli gible result, while it is also interesting as showing the enormous lluetuations that take place in the market. For instance, in 18(59,the shccpfarmers’ year of famine, the average price per bale was £lb 15s, and the number of bales sent homo, 033,950, realised £9,984,900. In 1872, the slicepfannevs’ year of plenty, so far as prices were concerned, the number of bales had only increased by about 28,000, but on the other baud the average price find gone up from £ls 15s to £2O 10s, and the total value was £17,532,400. The average annual

value of the wool imported into England from Lritsh Colonics during the years )LBOO to 1870 inclusive was £11,074,000, * from 1872 to 1870, also inclusive, it was £18,144,400, although in the latter year the average price per bale was £3 10s less than in 1875, £4 10s less than in 1874, £5 10s less than in 1873, and £7 15s less than in 1872. The value of the New Zealand wool imported into England in 1870 was, even at the comparatively low prices that then ruled, £3,010,387.

The remarkable fluctuations which occurred in 187G arc accounted for by Messrs llolimith, iSchwartzc and Co 41 partly to excessive enterprise and partly to the growing tendency to division of labour in the manufacturing processes, more washing, more combing establishments, more spindles, more looms.had Ijeen put up than the actual consumption required, the injurious consequences met the manufacturer at every turn, whether he bought or sold. Excessive competition kept the raw material up, the market for goods down. In such a position the industry could not remain indefinitely. To extricate it from it there seemed but two ways, either the abandonment of establishments (which has indeed been done, though on a small scale) or a reduction in the price of the raw material. Ever since 1873, therefore, this reduction has been expected, though under what combitation of circumstances it would be brought about, could not been foreseen. At length it happened, very suddenly and like all deferred events, in an excessive form. In the course of four months, from March to July, wool fell nearly 30 per cent, touching almost the low level of 1809-70, the lowest the article has-known for years.” •

' btraugurs ami ’country settlors ooiume to Carlyle, are very iluoi at a ioss to know which is tlie best and cheapest Ceiiei-ai Drapery and Clothing Kstablishment in fin! district. It. A. Adams’ (.ar.iigi.n House, otters special advantages that can in.’ mi t with nowhere elsi; in the district lb’ keeps the largest, and best assorted slock of every description of uiapi.TV goods, imported direct —and from the best colonial houses ; which, being bought on

ihe most advantageous terms, and having thorough knowlo !gc ol; the business, enables him to offer goods of sterling quality at juices that cannot be improved on by any other house in New yfealaml. Fvcry article is marked in plain ligures. from which there is no deviation ; so that inexperienced jtcople are as well served «s the best judges, the terms luring net cash, without rebate or abatement of any kind. .Note the address—lt. A. Adams ; Cardigan House, nearly opposite Town Hall, Carlyle.— advt.

11 vllovkvj' s Ointment, and Pills. —A Cure for Abeesses, Piles, Fistula, and Sores of every description. —The very satisfactory results arising from the use of this valuable Ointment when patients have been suffering from any of the above disorders, have induced the Medical Profession to introduce it into the hospitals and their private practice, and in many instances where the sufferer was considered incurable, Holloway’s Ointment in conjunction with his Pills lias healed the most desperate cases. These medicines are also unequalled for the cure of scrofula, scurvy, and all diseases of the skin ; the cures they effect arc not temporary or imperfect for their purifying powers bring about a marvellous amt most beneficial change in the whole system, and enable it, with renovated powers, to resist future attacks of the same disease.