PRICES OF WOOL AND COTTON.

Wairarapa Age, Volume XXXII, Issue 9640, 4 November 1909, Page 5

PRICES OF WOOL AND COTTON.

By Telegraph —Press Association AUCKLAND, November 3.

According to a leading local wool buyer, the rise in the price of cotton is sending up the price of wool. "Yes," he said, when approached on the subject, "our cable advices inform us that both wool and linen goods are advancing, in sympathy with the rise of 7§d in the price of cotton. The extensive operations nf American buyers appear to be responsible, and our cables of yesterday state that they have forced the price of cotton up to lOd." In further support of his statement, he produced the following advice dated from London on September 24th, which had just reached him: —"Cotton is still in the neighbourhood of 7d, but should the crop turn out as bad as the Government bureau reports, it may go up to 8d or 9d again; in fact, the American 'bulls' threaten to put it up to 20 cents, a price unheard of since the American War. Linen is also getting very high in price, and may be forced still higher. With regard to wool, the sale which opened oh the 21st has been a very strong one. Prices all round, from the coarsest crossbreds to the finest merinos, having gone up from 10 to 15 per cent. The fact of the Yankees having started to buy so freely, and the scarcity of me-' diura ani better classes of wool, are the principle causes of the advance."