RUSH OF WOOL

Gisborne Herald, Volume LXVI, Issue 20079, 27 October 1939, Page 6

RUSH OF WOOL

BROKERS ANXIOUS j BIG GISBORNE STOCKS INFORMATION AWAITED 1 VALUATION INTENTIONS _ SERIOUS DELAY FEARED | Growers and brokers alike are becoming a little anxious regarding the absence of an announcement by the Government on the matter of wool j appraisement and handling, and the i lack of information is holding up ship- j menls. which usually commence at' this time of the year. Shearing is becoming general throughout the district, and despite I showery weather m some parts of the I district during the past fortnight,! good progress has been made, and the i lleece should be coming into town in i increasing quantities from now on. [ Although Gisborne seems assured of | being an appraisement centre, the lack j of a final announcement of the list I of centres has held up some of the j arrangements in the town stores. Pre- | parations are being made for the, accommodation and handling of the j district clips, but no details of the! system to be adopted by the Govern- ! ment have come to hand.

In the meantime, wool is piling up in the stores, and brokers fear that much additional handling may be involved by the time the Government makes known its intentions.

Early Shipments

Gisborne and Coast ports are always able to send substantial quantities of early wool away, and usually from 5000 to 0000 bales arc shipped in time for inclusion in the January sales in London. Frequently the first I of the wool is loaded from these ports at the end of October, and other shipments for the London January series leave up to the middle of November. It appears as though, under the ; war-time system of Government com-1 mandeer, shipments as early as in past seasons may be impossible, unless immediate information is made available by the Government regarding the system on which it intends to work. In any case, it appears to be too late at present to arrange for shipment of the first of the wool as early as the usual date of the first shipment.

Matter of Payment

Although some information was given yesterday by the Minister of j Marketing, the Hon. W. Nash, regard- j ing the system of appraisement and ; the necessity for effective classing by | the growers, the industry is stiil in S the dark on the matter of eventual j payment, but growers appear confi- I dent that the payments to them will j approximate an average of 12d per | lb. pn the whole of the Dominion's j clip. The Dominion average is also \ approximately the Gisborne district | average. j

Judging by the wool which has come off the sheep already some of it is light in grease' and also short in staple, and if later shorn clips show the same tendency the quantity of wool from the district will be lower than usual. The severe drought conditions following the last shearing is said to have caused slower growth at that time than under ordinary conditions, this being responsible for the shorter staple .Otherwise, however. Ihe (lecce appears to be in good order