WOOL APPRAISAL

Gisborne Herald, Volume LXVI, Issue 20099, 20 November 1939, Page 6

WOOL APPRAISAL

COAST MEN ANXIOUS NO ADVICE RECEIVED CHARGES BY BROKERS AGREEMENT REACHED East Coast wool-growers are becoming anxious regarding the absence o£ advice on the inatter of appraisements at Tokomaru Bay and Tolaga Bay.

Although the work of valuing will commence in Gisborne next Friday, the two Coast centres have not been mentioned in communications received by the Gisborne Wool Brokers’ Association, arid while at first it was thought that Tokomaru and Tolaga Bay would have their appraisements while the valuers wei-e in the district this hope has diminished with the announcement that the Napier and Wellington wool is to be appraised four days after the commencement in Gisborne.

Tokomaru Bay growers are particularly anxious in view of the fact that the only appraisal store is now filled, and everything is in readiness for the operations. Cost of Appraisement Advice has been received by the Gisborne Wool Brokers' Association that agreement has been reached with the Government regarding brokerage charges and costs of appraisement, although no figures have been released for publication. It is not known yet, however, the method being adopted in making the appraisements, whether the prices fixed will be based on the recent market rates or whether the intrinsic value of the wool will be observed. In the absence of a schedule in this respect, brokers and growers are unable to gauge just how far off the average of 12jd per lb their prices will be.

On Saturday it was stated that from 0500 to 7000 bales of wool would be available in Gisborne for the first appraisement, and while this estimate has not been revised yet it is expected that, with the fine weather now prevailing, there will be an increase in the quantity that will be ready. Already the second round of the sheds is commencing, and some of the ewe wool from a few of the larger clips has started to arrh’e in Gisborne.