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Waikato Times, Volume XXXI, Issue 2525, 15 September 1888, Page 2 (Supplement)

The British Textile Warehouseman says : —" Woollen manufacturers in America are in a very had way. Many mills, with their plant, have recently been thrown into the market, and those disposed of have fetched only a small proportion of there original cost A correspondent of the New York Herald expressed the belief that an advertisement asking for woollen mills at halfprice would elicit even more replies than an announcement that a bull pup was in request. The cause of this depression is the impossibility of working at a profit with wool at the price to which it has been forced up by protective duties. Native American wool is not produced in sufficient quantity to meet the requirements of the trade, notwithstanding that it has theadvantage of a practical bounty in the duties imposed on foreign wool ; while, at the same time, they are inadequate to countervail the superiority of British goods. Thus, the American people have to pay excessively high prices for cloths, blankets, and all other kinds of woollen goods, without even the satisfaction of knowing that they are thereby supporting their own manufactures. As a matter of fact, they are only swelling the surplus of public revenue, which the Washington Government is sorely puzzled how to dis pose of."

Count Kuroda, the new Prime Minister of Japan, is a member of the great Satsuma clan, and has played an important part in military affairs. He i? little known outside of his own country.

A TBLKfiRAM frnm Mussowah confirms the death by pnisoning of the son of King John of Abyssinia,