WOOL SALES.

Dominion, Volume 5, Issue 1497, 20 July 1912, Page 7

WOOL SALES.

THE NEW REGULATIONS, IMPORTANT TO WOOL-GROWERS. At tho annual meeting of tho Now Zcar land Wool-brokers' Association, held in tho Chamber of Commerce throughout the wtolo of yesterday,, tho new regulation:! governing wool sales wero submitted to members, and after ono or two minor alterations they were agreed to. These regulations, which specify in detail the duties of wool-grower and owner, broker, and buyer, aro issued as a schedule to ■ the now: conditions of sale whioh buyers have agreed to. Hitherto wool sales have been conducted in Now Zealand according to rules evolved by custom or precedent. Now the manner of attending to each detail in a wool-buying transaction is set out in clear and precise form. As certain duties are required of the wool-groiver, the clauses of the .regulations affecting him are quoted, as follow:—

SHOWING OP WOOLS. All bales shall be shown tops and bottoms out alternately, and cut along two adjoiniug sides of the end shown, to within lour inches of the comer. Each bale so cut by tlio'hroker shall bo clearly marked (prior to buyers commencing to value) with a dot or cross as a notification that the bale has been opened by the broker, and so marked that the mark may be easily seen by buyers when valuing. Bales shall be stacked not more than three high. Tho proportion cut open shall be as follows:—Lots comprising—2 bales, not less than 2 cut; 6 bales, not less than 4 cut; 10 bales, not' less tlhan 6 cut; 15 bales, not less than S cut; 25 balos, not less than 12 cut; 50 bales, not less than 20 cut. Farmers' spade packed or badly-classed lots up to 15 bales shall all be ehown and cut open. For station merino clips (when sample bales only are sho\ni>-Lots comprising— 4 bales, all shown, all opened; 5 bales to U bales, & shown, ftU opened; 10 bales to 14 bales, 6 shown, all opened; 15 balos to 24 bales, 8 shown, all opened; 25 balos to 49 bales, 12 shown, all opened; 50 bales and over, 20 shown, all opened. - For station or classed crossbred clips (when sample bales only ore shown)— Lots comprising—£ or -5 bales, all shown, ail opened; 6 to 7 bales, 4 shown, all opened; 8 to 8 bales, 5 shown, all opened; 10 to 14 bales, 6 shown, all opened;-15 to 24 bales, 8 shown, all opened; 25 to 49 bales, 12 shown, all opened; 50 balos and over, 20 shown, all opened. , One bale>in each lot shall be shown with brand and nuuiber outwards when possible, and all-bales shall bo so shown when practicable. Gangways shall not be less than 5 feet in width where the bales are shown in tiers. If "star" bales are shown in single rows on end or sideways, three feot is to be the width. Where owners have not legibly brandei and numbered each' bale, the broker shall do so in ink in letters and figures of not less than three inches.

' CATALOGUING. Entries for catalogues shall be closed not less than four aays prior to date of sale. AV'hien catalogues do not exceed 7000 bales, wool must be slacked 21 , hours prior to day of sale. ' When catalogues exceed 7000 bales wool must be stacked 48' hours prior to <iay of sale. Wool not.so Eta:ked must not be offered. Completo catalogues axe to be Teady for buyers two clear working days before the day of a salo comprising 7000 bales , ex over, and one deal day for sales of less quantities. Supplementary catalogues shall not bo issued within, 24 hours of day of sale. ' : All one and two-bale lots shall'be called "Star", lots, and be lotted at the end of the main catalogue. . Lots shall run in continuous numbers. "A" lots and "B" lots, and duplicate numbers must s be avoided. The full brand and description shall always be given in tho catalogue. The numbers-on each bale of a> "Star" or in a bunc hell '-lot," shall! .appear in'<"the<: [ catalogue. Tare shall be printed opposite the brand of each lot. The broker shall not make any wilful discrepancy between description of quality oil bale and description in catalogue. Example: Second pieces on bales shall not be described as "pieces" in catalogue. No lot of wool catalogued and inspected shall be withdrawn before tWe sale, and sold privately without being submitted to auction. Dealer's wool shall in all cases be noted in catalogue by the words "Dealer's" or "Repacked," and wool repacked by brokers shall be designated "Repacked by (name of firm).". For'tho purpose of this regulation wool (although being offered on dealer's account) coming direct from the grower to the show floor, and catalogued without being handled by the dealer is not to bo consid-ered-"dealer's wool." • i A line of wool shall not be offered more than twice, unless it has been repacked, when it shall be offered as "repacked." No brand shall be altered on re-offered wools. No quality mark on the bales shall be altered unless an, error in description ha 3 been discovered. No package shall be considered a bale unless it be contained in a woolpack, and bo in fit order for shipment, and weigh at least 14 cwt.,'. In catalogues for sales held during December and January, the number of lots shall not average less than i\ bales per lot for nil centres in South Island and Auckland, and 5} bales per lot for Wellington and Napier. These averages shall also apply (o all sales where 10.000 bales or over aro catalogued during February.

i • WEIGHING. All wools shall bo weighed within 21 hours of arrival in store by an experienced and responsible person. Weights shall be written on tho bale- in ink, and all cut bales made up to such weight after sale before re-sowing. Inward and outward weights shall be entered in a book at the time of weighing. Where a broker is unable to show that he t«wcighed thoso bales which havo been cut, the buyer shall bo entitled to claim for short-weight, after producing a properlyattested certificate. Tho broker sliall guarantee that outweights of each lot shall at least equal the total of tho invoiced weights, and the buyer'shall be notified at once "of discrepancies in weight. , ; of bales. No bale shall weigh more than 4- cwt. In the event .of any bale exceeding. 4 cwt. the broker shall refund tho buyer all . penalties which may bo incurred under the existing by-laws of tlie Railway De■partment, harbonr boards, or other bodies or persons entitled lo inflict such penal■lC - • FALSE PACKING. Where false packing is discovered prior to sale such lot or lots shall be withdrawn. If, after arbitration, a lot is declared falsely or unsatisfactorily packed/ brokers shall penalise tlio vendor by debiting him with all charges incurred in connection> with the case, and if it is thought advisable to prosecute tho vendor, tho broker shall also give- all available- information and assistance to the buyer to help him to do so. ' Any wool rejected or withdrawn for false or unsatisfactory packing shall not be again offered for sale or catalogued until it has been re-packed' by some reputable packer, whose namo shall be given in tho catalogs, or supplied to tho buyer in case of a private sale. Name and address of owner of any wool rejected for so-called false packing shall be supplied to the secretary of the Now Zealand Woolbuyers' Association, on writ: ten application for same. '