The Press. Published Tuesdays, Thursdays and Saturdays. Thursday, July 9, 1908. THE WOOL MARKET.

Waipukurau Press, Issue 280, 9 July 1908, Page 4

The Press. Published Tuesdays, Thursdays and Saturdays. Thursday, July 9, 1908. THE WOOL MARKET.

In his Financial Statement the Premier referred hopefully to the prospects of the wool market. The estimated population of the world in 1882, he said, was 1,433,887,000, and the last information from which a fairly accurate estimate could be got was'for 1902, when the population had risen to 1,600,000,000, an increase in the twenty years of 166,113,000. , It was fair to calculate that from 1902 to 1908 the increase had been another 60,000,000, so that the world’s population had increased in twenty-six years by fully 226,000,000 of people. “ The most experienced men engaged in the wool business,” said the Premier, “ recognfce that the wool supplies have not increased anything in proportion to the increase of population, and some of the best judges are of opinion that the fall in the value of wool which has taken place, due chiefly to the dislocation of the financial world ■ >. -I.' ■Il J • J ■'' ' ' .

t in Germany and America, canno long continue, so that we are at least warranted, without attempting to prophesy as to the future of this important staple product, in believing that the present low values must before long advance. , To what extent that will take f 'place no one can conjecture, but I mention this matter for the purpose of putting on record my opinion that the future of the wool market is not without hope. It should not be forgotten that, in years gone by, when New Zealand was in a much less satisfactory position than now, and heavy drops in the value of wool have been experienced, our people faced the situation with courage and hope, and I am sure that the same characteristics still prevail/’