PERIODICAL WOOL SALES IN NELSON.

Hawke's Bay Times, Issue 1523, 7 November 1873, Page 7

PERIODICAL WOOL SALES IN NELSON.

The Daily Examiner of the 28tli October, says An important announcement is made in another column by Messrs. W. Stavert and Co. They intimate their intention of commencing a series of wool sales, on the same principle as those conducted by Messrs, Goldsborongh and Co., and Messrs. Hastings, Cuniningham and Co., of Melbourne. These firms receive into their stores wool from all quarters, which they store free of charge, and dispose of at advertised periods, either with or without reserve, as advised. They also make advances in certain cases —a matter of considerable importance sometimes. To farmers who grow wool—the smaller sheepowners in particular—these sales will be of great value, because they can at any time obtain advances; they need not sell to the small buyers who go round amongst them and, probably, take advantage of their ignorance of the state of the market. Disposing of their produce under the hammer, they will have the benefit of competition on the part of buyers, and be certain of securing the fair market price of the day. Wherever wool sales have been begun in the colonies they have grown in importance year after year, until now a very large quantity of the wool shipped to London passes through the hands of the colonial auctioneers, to local buyers for the English market. We have no doubt that the same result will follow here, though the beginning may be on a comparatively humble scale. Messrs. W. Stavert and Co., are decidedly meeting a public want, and deserve the support of the growers of wool.