The Daily News. TUESDAY, APRIL 7, 1903. ENCOURAGING PROSPECTS FOR WOOL GROWERS.

Taranaki Daily News, Volume XXXXV, Issue 86, 7 April 1903, Page 2

The Daily News. TUESDAY, APRIL 7, 1903. ENCOURAGING PROSPECTS FOR WOOL GROWERS.

We have always held that many of our dairy farmers would do we'l to keep a few sbeep on their farms witkut detriment to theirgrazing,qualities. That, while costiug very little to keep, they would keep their owners in meat, and their wool would bring in a nice little bit of pocket money. While the value to each individual farmer would not be very much, in the aggregate the word produced would probably amount to fiev(ral hundred to a thousand bales; a (i.raafc gain to Taranaki. Wool has been !ow in p- ice for Fom<) year* 3 , but there is every indication that a considerable rise in valuo is about to take place, and if e.ich farmer was in a position to reip scino ben>fi% however smnll, tbe district, as a whole, would gain, and it is ho general prosperity which tells more than the prosperity of a few. The farm-is of Taranaki are not, in our opinion, devoting enough attention to by-products', and a fall in the price of the staple product will be severely felt, unless miniasised by having bypt educts to fall back upon As an in dication of the probable rise in the value <f woo], a wtlJ informed correspondent from Sydney gives stat'stics of the wool exports for the year ending 31sfc D - 1902 1801 State Bales Biles Iner'te l>ecr'se N.S. Wales... 227,811 381,229 Victoria ... 201,671 229,089 •So'th A'stralia 70,322 83,706 Queensland .. 29,093 64,625 West A'stralia 24,436 26,180 Tasmania ... 6,080 6,030 60 Now Zealand 133,226 93 932 39 294 Total ... 691,646 853,731 89,314 201,629 It is thus seen that there are fully 200,000 b»ks of merino wool less than in 1901, which, of course, was itself a' pwr year. It was expected that the increr.se of wool in Nsw Zealand and the River Plate might be some com, pensation for the shortage in Australia <ut information from those having business rektions with South America dispel this idea, A letter from Buenos Ayres, dated 22nd January, forecasts a decrease of 10 per cant, on tho clip, equalling 100,000 to 120,000 bales of Australian weight. This total shortage of Aus'ralian and Kiver Plate wool, if correct, must tend to lift crossbreds to that higher value referred to, a>;d thus what is the misfortune of these countries may turn out to be a blessino to New Zealand.