FOR NEXT SEASON'S SALES.

Dominion, Volume 3, Issue 769, 18 March 1910, Page 8

FOR NEXT SEASON'S SALES.

/ '.? " •'. ,•, NEW WOOL STCffi.". ; -'.■ Tho local, wool sales, have been such a :■ ■ yarjable quantity that the brokers never •;■;/: know just quits what provision they are .■-,,/ Justified/in making, for ithem. The . in--.creases in the. last'few years have been rapid, but' it is'hot' so/long, since there .'.■: were - years' when the offerings. fluctu- .; / ated most violently, showing, decreases of :N Dyer: two-thirds between one season and .;'; another, and'rising;up and falling again ;;■' .:. with; equal suddenness. :\ Despite, the dis- ' ... concerting character of tho local' market, ithe different woolbroking firms aro being "obliged steadily to, extend, thoir accou> .-.'" modation. J Within '■'. the last few"years' substantial-looking wool store?, capable . of-taking from MOO to 5000 bales, have •',. ■ jprung np along Thorndon Quay, and an important [addition is now to -be made to .. the number'by the New/ Zealand Loan : and Mercantile Agency, Ltd. This .firm's ]■•: . architects, Messrs. T.. Turnbull and Son, ! ... are-now calling for tenders'for a large ; three-storied 'building; -which is .' to. lie /Erected' on Thorndon Quay a little; to the . \; north/of' Messrs. Dalgety and: Co.'s big ftore.' The building will be of brick, and t will have a frontage of about 145 feet, -with, a depth of about 112-feet. In a .{large basement storage room for fertilis- '-"• '.«rswillbe found; the'.first floor will be . . - rased specially .for, storing hides, skins, : manures,: seeds, and heavy goods gener- ■;.■,-.": '-.'ally; and the second and third floors will .: be reserved for the'wool. It is calculated '-.v-that the. building will accommodate be- ..; fcween,4ooo, and 4500 bales, of wool. .The .' ■•' ~: . Toof is to be'of the latest approved style - :' v'ifor : giving an equal diffusion of light,-and ..: .' 'besides two electrical lifts,;labour-saving I appliances, and .the'most recent improve-ments-are to be. fitted throughout. The .:.-'.'firm -has: two more . sections 'adjoining,', '-. which are being-reserved for* future exfansion. At, the .present' -biiildiug in eatherston Street there is. - storage : ac-; ■ . : , commodation for. about .2000 ... bales ": of ... wool, so that all told the. Loan and Mer ; .'.; caqtile willbe able'to show on its owii (premises' next season nearly 7000 bales at ; .one sale if' necessary. ; This .season the , . (firm, was very much cramped, and had a . . [large quantity of wool for one of the sales , lin. Messrs. Odlin's building by the Tara-.' inaki Street .Wharf, and . more.'in. the .'. (Harbour Board 'stores'.'. . , Between them all, the associated brokiers:are at present able to accommodate iabout 14,000 bales for any one sale; and .-■'.-'. ithe excess above this has. gone mostly I to\ihe Harbour. -Board- sheds—this,,. year. ; . jmainly to one of the. big •sheds'.o'n . the; . (King's Wharf. For- next season arrango- -.'. ments are being made whereby the top'' iflo'or in the new "J" shed—which is to beT&«rected betweenthe wool jetty and the , ! :: iEailway Wharf—will. be: reserved '. for the. [brokers during the-wool season, thus re- -.". jlieving the situation: to' the extent of '.4000 bales. This will hot necessarily mean. -a,n : increase in' tho space"obtainable from,, .: ithe .board, as the King's 'Wharf! sfiedVis" ■not likely to bo'available again ."Includ--ingthe "J" shed and the.new Loan,and Mercantile store, there will be speciallyreserved accommodation next season for ; the exhibiting-of about 22,000/ bales of : WOOI. '-,■' ..'■:-•. -~.,•,""''.. '- ,: ; ,', : ':V' : ' '■,'.'■ There are ; other section's, on Thorndon . ..'■.;•. -.Quay which have been'purchased .for the ■-."• purpose ultimately of erecting wool stores,'- : ibut brokers 'are .'deferring action"as long' as possible;. t The .stores under .the city. ".-/ .by-laws,have: to .be .built of brick, they , mean a: heavy outlay '• of capital,. and they; . itand almost- empty, and .unproductive throughout the-greater part of the year.' - - -i'-FoT four wool -sales' only in the summer: —: months are they required. The wool once ;/ /sold-and: shipped away, the spiders are ,3eft-to build- and .the. dust to' /- .accumulate-until, eight or nine, months ''.■'■; tlatef, when a new. season's; clip "finds its : '.. iway. in. Somewhere" downstairs in the big v . iSlttreS:may be. seen: a quantity, of. sheep-,. '.'■ ! ;''.::|aEaa. Wmi. 'ou| 'btit that is. all; Under, . '. ''.-.- lisuch circumstahcef, building a 'store, ;t?", '.. Hold wool that sheepfarmers mayor may '■{ -not want to sell in Wellington is taking' .tig chance's with the future. In Christ- : ■jhurch'and'Duaedin^he'.brpkers.are.mpre •-..'.■ fortunate, for ho sooner is: the wooV out ;'■', - of the way hhd'stowed'abpard.ship than, in comes the grain- harvest :to 'fill the '. Etores up again through a good part of theiwinter. Wellington has no-grain har- \ v vest-to store,in winter.,. Nor is there / •■:.' anybody.who'can-toll how much wool it,, •may want to-store in summer. ':/,'. ,'■"'..-.'.•,; "■