OUR WOOL PROSPECTS.

Dominion, Volume 3, Issue 888, 6 August 1910, Page 8

OUR WOOL PROSPECTS.

HOAIIS EXPERT'S' VIEWS. <I3y I'elcgrapli.—Special. Correspondent.) .. Auckland, August .'j. llr. Frank Hyjie, who is a partner m the iirm of Messrs. Involl and Company, of London, woolbrokers, is at present 011 a visit to New Zealand. Jilr. Hyno has , been touring the Comniomvealtli, and arrived' in Auckland by tha" Maheno on Sunday. As ho has hot; yet had time to seo tho back country, he is naturally not in a position to discuss how we are doing things at this end, but respecting the English end of tho business liu id an expert, for he was bred and born in Bradford, and ■ is thoroughly aufait with topmaking in that centre of tho Yorkshire industry. ' Mr. Hyno stated, in the-course of .an interview, that' the classing of New Zealand wools during . the last few years has greatly improved, and that owners are now realising that the careful skirting of their clips means a largo increase in the value of their wool 011 the. London market. As to the outlook for crossbreds, /he remarks ' that, if the present rates, aro '.maintained—and there seems to be at the present time no reason why they should not be—owners will have 110 reason to complain, hut'it should ho borne in mind by graders and 'shippers .that. tho prices, now ruling for !,this grado of staple are high. At the same time, reports which he has just ■received by. cable from tho Home and the , Continental markets iill tend to show that the trade, is good and sound. ; .// .. . Questions were asked respecting the not infrequent complaint .of growers that. allegedly .inferior wool sold ,by some ; other grower had brought . a higher price in London than their own wool. Mr. Hyne stated, in reply, that when wool is. opened out for sale, though the owner may think that the breed of sheep running on his station iis better, than that' of his. neighbour, :and that the appeara'peo of-, his wool is. better, tho 'fact :is -tlwt the.'buyer in the London market biises his judgment of values on tho estimate of what .tho wool will yield when clean scoured. Nearly all tho buyers of - to-day : sell tops and havo to base, their judgment i of values accordingly. .' . vWith regard to/the quality and. the yield of-the wool,, he has seen a great deal of'tho wool-growing districts -of 'Australia, and-.hopes to become equally well acquainted with those. of New Zealand before he leaves, tho Dominion; j

Mr. Hyne intends - to remain in Auckland for another week, and then to 'travel; to tlie South .Island,, visiting ; :the chief.^oordistricts throughout 1 Zealand.