THE Wairarapa Age MORNING DAILY. SATURDAY, DECEMBER 18, 1909. COTTON AND WOOL.

Wairarapa Age, Volume XXXII, Issue 9670, 18 December 1909, Page 4

THE Wairarapa Age MORNING DAILY. SATURDAY, DECEMBER 18, 1909. COTTON AND WOOL.

The invariable maintenance of harmonious relations between the prices of cotton and the prices of wool, the latter staple rising and falling in the markets of the world as the former rises anifalls, makes the excitement in the American cotton market of the deepest interest fo our New Zealand wool-growers. The American Agricultural Bureau, which publishes the anticipated cropping of the cotton plantations, as well as their actua 1 output, has officially announced that the crop is 200,000 bales below expectations. In the face of hopeful expectations cotton rose steadily and wool with it; relieved of a heavy shortage it has risenv with a bound—and wnol cannot but share its renewed buoyancy. The remarkable rise on the New Orleans and New York cotton exchanges may nut be wholly sustained, for it may be partially due to speculative selling in the pist and to the frenzied efforts of exchange operators to transfer their obligations to other shoulders. But though the market may steady itself, there is evidently no possibility of prices being low during 1910. Not only is the crop short, but the renewed industrial activity of the United States and the promising industrial outlook in Europe must create an increased demand, which can only be met by the restraining effect of higher prices for cotton goods, the precise condition which reac's advantageously upon the woollen industry.