The wairarapa Daily. TUESDAY, JULY 13, 1886. WHAT THE RISE IN WOOL MEANS.

Wairarapa Daily Times, Volume VIII, Issue 2345, 13 July 1886, Page 2

The wairarapa Daily. TUESDAY, JULY 13, 1886. WHAT THE RISE IN WOOL MEANS.

The Melbourne Telegraph, writing on the recent rise in wool, declares that the causa which led to the rise iu wool it is a matter of difficulty to name.' Wool biokers themselves, who have had years and years of experience in the wool trade are unable to say definitely, Mr R. R JRonald, one of the London Board of the Australian Mortgage, Land and Finance Company, says that the wool market was of all markets the most difficult to understand, rises and falls in pricps taking place with almost electric suddenness. The causa of the present rise, however, he explains iu the, following manner : "The effect of the long winter has worked off the stock of woollen goods, and clothiers and cloth merchants have ijono to the manufacturers with orders in their hands, and the manufacturers, taking these orders when the price of wool was so low that it would not do for them to run any risk, determined to buy as much wool as would supply their orders for cloth," Our representative had also interviews with other gentlemen intimately acquainted with the wool trade and squatting interests, From lhem_ he, ascertained that the general opinion was the present rise in tho price of wool was similar in character to that which took place in 1870, when, along, with a general break-up of a disastrous drought, wool suddenly increased in value in the . London market, This was what was called the " double event," and the wool merchants and stock and station agents say the experience has now been repeated. Already the rise will mean £2.000,000 of money to Australia. While there are not wanting voices counsellincf care, and issuing warnings that tho favorable features may not be permanent, the majority of those entitled to form an opinion agree in predicting a long rim of prosperity. The general rainfall has not had any direct effect upon the wool market, but of course it has given station property a '• boom." Inquiries have been made for properties which have for many months been available for purchase, without the slightest sign being shown of a willingness to buy. The future, as painted by those best qualified to judge, is a rosy one. The ' immediate cause of the rise is that the i "top-men" at Home worked out their. \ stocks, and were compelled to buy, and j buy largely, of second-class Material'; (

but ut simultaneous, demand of the- kind from all three manufacturing'tie'iitres.-■■ the North of England,. Germany, and France—is ■' unprecedented." Every report; which! has subsequently been .received goes to confirm the accuracy of the forecast of the Mel-, bourno Telegraph. A considerable proportion of the last Wairarapa clip, it is said one-half, will share in the advanced prices, .'o that wn this year we shall in this district benefit to the extent of several thousand pounds by the late rise. The main. advantage, however,, to us is the fact that the late vise infuses'a.new spirit into the disheartened woolgrowers of this district, who have in many instances been working their' proportus at a loss for the Inst year or two, and who are now placed in a position either to carry them on under, more favorable auspices 'for.the future or to-soll. them at a fair value, 'Of late station properties haw been absolutely unsaleable in New .Zealand, but the good news from home will speedily, oha'nge all this, and now that the Wairarapa is .free from scab there will be strangers, from other districts looking but for land in this neighborhood. Our friends in the country districts are likely now to have an income, and' this in a luxury which has been denied to theth for'nonunionsiderable time, We have no doubt that the tradesmen of Masterton will speedily realise the advantage the town' will derive from the improved circumstances of country residents. The commercial interests of Masterton have suffered somewhat latterly by the stagnation of trade, but we now look forward to a revival, of prosperity. It may be said that Masterton has not for some years past either overstocked or overtraded, and the result has been that on the whole it has weathered a period of depression with scarcely an effort. We can fairly regard the present winter as the tail end of the depression in this town, and if there is one lesson more than another which it should teach us, it is the lact that the prosperity of the town increases and diminishes with the prosperity of its country districts, and that the woolgrowers of the Wairarapa will on the present occasion virtually restore the town to a condition of prosperity.

' Mr Jno. Young, ironmonger, of Cuba street, Wellington, notifies that this is tho last month of the" nail" competition, and advises those in want of ironmongery to buy at once and secure chances, W» draw attention to an advertisement of Mr F. H. Wood in to-day's issuo which contains information of genera! importance. Money to lend. paddockß to lease, properties for sale, &o. Their Royal Highnesses the Prince and Princess of Wales gave a garden party on Saturday at Marlborough House in honor of colonial visitors. Her Majesty'the Quooii was present, and many colonists were presented to Her Majesty. Wo are requested to remind our readers of Messrs Lowes & lorns' fortnightly stock sale, which takes place to-morrow. Their list includes fat sheep,, heavy store wotherß, ewes in lamb, lambs, store cattle, pigs, horses, etc, At a meeting of the Council of the Acclimatisation Society hold last Wednesday at Ohristchurch. the following resolution' was passed:. "That the Secretary be requested to apply to the Government to include the pukaki or swamp hen in the native game protected, dnring the close season, under the Act." We remind'our readers of the entertainment this evening by the Matserton Christys to augment the funds of the North Wairarapa Benevolent Society. Having such a desirable object in view, combined with the wo!l-known ability of the company, there is no doubt but that the Theatre Royal will be well patronised on this occasion.

The anniversary of the Battle oftho Boyne was celebrated in Auckland yesterday with greater eclat than usual. The Grand Orange Lodge met on Saturday aftomuon, and on Sunday a special roligious service was held. Yesterday afternoon the brethren marched in pro-' cession, with bands of music, from Newton to Remuera. At night a soiree and concert took place in St. James' Hall.

The eight-roomed residence of Mr D H. Guthrie, master of the Terrace End School, Palmcrßton North, was totally destroyed by fire at two o'clock on Silnday morning. The family escaped with their bare lives. Nothing whatever was saved. The insurance on the buildiiig is £2OO in the North British; furniture £165 in the same office. The furniture wsa valued at £250 above the insurance.

The latest news from the Empire City is that the "whiffler" has started as a counter attraction to the Salvation Army, aud is competing with them for the honor of having the largest body of larrikin followers, flia grjtesque performances are said to be conducted in his sober if not sane moments, and so far he has not rendered himself amenable to law, A charge of creating a disturbance made against him by a zealous constable was refused by a cautious station sorgeant on Saturday night.

A correspondent writes;—"A rather, amusing game waß going on last week amongst the settlers of Wardell Township. If any of the authorities had been looking on the green cart would have been the first thing they wonld have sent for. Auburn and black thought they had a perfect right to turn a dozen frames into a neighbors paddock to' make cows of them, but on the other party thinking it rather too good the family and a very sensible friend thought fit to shopherd the cattle close to the fence for a bit and then took down the rails to put them in again. Feminine nature could not stand the pressure. The cuva were forgotten, and a sort of pugilistic encounter took place which ended in color retiring defeated, much to the amusement of onlookers and consternation of sympathisers of the cowherdesses."

Considerable anxiety is being experienced at. the absence of Mr A. L, Levy, J.P., secretary of the New Zealaud Alliance, who left his home in Wellington on Thursday avowedly for the purpose of visiting the Wairarapa and assisting Mr Burnett in his mission here. On Saturday evening he was stated to have been seen in Masterton at the Theatre Royal whilst the meeting was being held there, but it was not the case. Mr Levy is known to a great many people in Masterton, and is suro to have been spoken to had he been here. His friends and relatives have their fears for his safety kept alive by the knowledge that he was lately the recipient of threatening letters in consequence of his action in connection with the recent licensing cases, There is a possibility that he left accidentally in' the • Hauroto,' (is he was known to have gone on board that vessel shortly before sho left the Queen's Wharf on Thursday, for the purpose of seeing off a friend bound to Sydney. In the meantime the detectives are doing all they can to find traces of the missing man, or to account for his strange disappearance, • '■.■••:

. ".The ordinary fortnightly meeting of the 'Masterton Borough Council takes place this evening. Messrs Lowes & lorns add'to .thoir sale to-morrow two hack horses, and four large piss.

The usual dance of the Private Quadrille Assembly will take plase to-morrow ovenin? at the Theatre Royal. The Borough Council invite", applications for the office of librarian and custodian to tho Masterton Institute. "' Mr W, Cullen, agent for the Singer's Sewing Machine Company, notifies, that he has removed to new. and more 'com'-" modious promises in Queen-street, opposite tho Occidental Hotel, At Greymouth yesterday a mooting of policyholders in tho Government Life Insurance Association passed a resolution in favor of handing the Association back to the Government.

Wo loam by cable that M. de Lesseps has abandoned the proposal to issue lottery bonds for the purpose of carrying on the Panama Canal. Other bonds will, however, be issued for the amount originally proposed.

A Napier solicitor, Mr A.'W. Lascelles, was subjected to a severe thrashing by two men and a woman on Thursday last, at Olive. He had in the morning appeared in a case against the three individuals, and submitted the woman to a severe cross-examination. She, was the first aggressor, and all three wero fined next day for their attack on the lawyer.

The Orange. Lodge of Auckland Dis" triot yesterday passed a resolution of sympathy with the brethren m Ireland, which m\ ordered to be forwarded to the Grand Lodge, Ireland. A further, resolution expressive of unswevingfidelity to the Crown and constitution and- deprecating any change tendering to weaken the unity of the Empire was also passed, This resolution was directed to be forwarded to the Marquis of Salisbury.'

At the Supreme Court, Auckland, in the case of R. Fitzroy Bolton, charged with inducing Hudson Williamson, Crown Solicitor, to endorse a promissory' note for £2OO by means of false pretences, prisoner was acquitted. The Judge ruled that the transaction, though a fraudulent one.'did not disclose a, false pretence. In discharging the prisonor, the Judge said the transaction disclosed gross fraud on the part of tho prisoner and his wife.

The committee of the Dunedin Presbytery appointed to confer with' those who had started a free church in Dunedin, through being dissatisfied with the innovations™ the Presbyterian Church, brought up a report recommending that the Presbytery regard itself obligated by all constitutional means to protect the. congregation against the innovating tendencies of the times, They recommend, that a formula be signed by' all members joining that they should neither directly nor indirectly seek to introduce'or stir questions of the introduction of hymns or instrumental'music; and if they do so their membership in the conpregation 6hould cease. Consideration of the report was deferred. 1 /

At ,fche Supreme Court, Wellington, this morning Cornelius Toll convicted of robbery of 80s from an hotel, and against whom previous convictions have continually been recorded since 1873, was sentenced to ten: years hard labour. P. A. Dodd, for forpery, was sentenced to 12 months hard labor. '

At Kaikoura early this morning Mr Connor's Temperance Hotel was burnt down, and about £3O worth of proporfcy only was saved. The inmates saved little or nothing. The premises and contents wore insured, for £6OO in the New Zealand office, Fortunately there was no wind, or Maxton's new store would have gone. As it was, it was only Bavod by the most strenuous exertions, tho building being slightly damaged. The following team will' represent the Volunteers in tho football match to* morrow afternoon, Fire Brigade v. Volunteers:—Back, S. Minifio ; halfbacks, F. Felling.and Thompson; quarters, O'Hara, 'Hoffiens, E. Welch; Forwards-J. Hooper, W. Wilton, A. Hoar, Casolberg, Croft, Ranby, Chandler, Porritt, Brown, Kuramer, W, Welch'and Evernden. The following team will represent the Fire ; Brigades: Back, E. Minifie; half backs, Ewington, Thomas; quarters, Pelling, Muir, Hounslow; forwards, Morris, White, Creelman, Jackson, Ross, Honnslow, Chandler, Mills, W. Worth. Emergencies, Peacock, Neary, Fitton. Play will commence at three o'clock.

A special meeting of the management committee- of the Wairarapa Kugby Union was held on Saturday at Carterton. It was resolved that on next Saturday the trial fifteen will again meet a selected eighteen on the Carterton ground, and it ishoped a better muster of the eighteen will take place to give the match committee a chance to see the play of some of thoso who did net turn out last Saturday. -

A gentlm'an lately, boasting of the neatness and regularity of his wife said, "If f get up in the night, pitch dark, I can find my clothes, down to my very gloves ; all in their proper places, l was up this 0101™? before daylight," he continuod, putting his hand into his nocket for his handkerchief, " and—" Here he pulled out; not his handkerchief, but his wife's night-cap!

During the last two months I have sold 50 Men's.Heavy Whitney Overcoats at 16s 6d, and have remaining just 35 more, which I intend selling at 15s 9d. I have also just landed 24 Mtn's Heavy Beaver Overcoats that I am selling at 28s 6d, that are honestly worth 45a. Boys' Overcoats from 9s 9d, Youths' N.Z. made Tweed Hats 3s fid. Men's Tweed Suits from 18s 6d. Inspection solicited, Note the address—Tho Wairarapa Clothing Factory, next the'EmpiroHoteUlasterion. ■

Coughs, Colds, Bronchitis, Ac., are quiokly'cured by using Baxter's''celebrated Lung Preserver." This old established, popu&r medicine is pleasant to the palate, ndn highly extolled by the members of the medical, legal, and clerical professions. Sold by all Patent Medicine Vendors. See testimonials in advertisemente.-I'APVT.I lam going to make a speciality ot certain mes during the next months. At the present time lam running Macintoshes and Overcoats at prices which defy any house in the 'Wellington District to approach. By sending the length which you require in inches, you can be supplied vtith a grand Tweed Macintosh for 27/6, honestly worth £3. Give mo a trial John Trorburn, the People's Olothier, ■Willisstreet Wellington,—CAdvt.] Venetian Blind and Revolving Shutter ntanu factory. All Blinds guaranteed of tho very best description. Price list on application to R. W. Henn (late Henn and Hansen.) Poneke Steam Venetian Blind and Revolving Faetory Wellington.—Advt.