WELLINGTON NEWS

Hokitika Guardian, 14 September 1926, Page 4

WELLINGTON NEWS

WOOL SEASON 1020-27

(Special to “ Guardian.”)

WELLINGTON. September 10

The new wool season ol 10—0—— / will be opened at Wellington on November 15th, for Unit will be the first sale of the new season. It is hardly worth while figuring on the prospects for it is too long ahead ami many things may hapepn before then; judging by the past two seasons the November sales, are generally the best, and it »\oathci conditions permit of early shearing the catalogues for the early sales will be large.” The sales will lie limited both as to quantity to he offered at each sale, and number ol lots. The New Zealand Wool Committee has authority under the Board of Trade Act to limit the quantity offered for sale, and the brokers must abide by this limitation. The buyers, on the other band, also limit the sale by stipulating it shall not exceed ascertain number of lots, and tile brokers must, observe this restriction also. Any wool received, for sale by brokers is subject to all lawful regulations governing the trade. A broker is not liable for loss directly or indirectly arising (owing to restrictions regarding lots and catalogues) from tbe wool not being put up for sale at the first or any .subsequent auction. Any advertised or announced date for the closing of catalogues for a sale may lie altered, and either put forward or back, with or without notice to the grower or vendor, ft is obvious that when once the quantity of wool lias arrived into store, it would be useless not to close down the catalogues. Tt is impossible to say beforehand how shearing will progress and how certain sales are going to be rushed with. wool. Any closing date suggested previously must therefore he tentative. Even when closing date lias been definitely fixed, and the lists have been closed, a certain proportion of I In.* wool which L already in store may he excluded from the sale, as brokers are allotted only a portion of the wool which they have in store at closing date. The balance

must be flit out. Preference, however, will lie given as lar as possible, to wool in order of arrival in store. Oddments. rrutcliiiigs. star lots and skirting. irrespective of date of arrival, may have to give preference to fleece wool. The insurance included in the consolidated warehouse charge is ordinary

firc insurance only and does not include damage from earthquake shock, etc. f'torage is free up to the date o! the sale in which the grower has the first opportunity of offering his wool. A grower holding over his wool on his own initiative to await the prospect of <t better market is given six weeks free storage, and after that is charged ‘2d per bale per week. Care in preparation of wool for the market is always desirable ami must pay in the long run. A buyer, if lie lias a guarantee that wool is not mixed, and is well and honestly got up. will pay It is utmost farthing. It is advisable for a grower to continue on one course and not

change about- every season. EXPORTS AND IMPORTS. The trade figures of the Dominion for .July make available the returns for seven months of the calendar year. The exports for the month of July totalled £3.430,695. as ‘compared with £2,077.560 in the corresponding month of last year, tints showing the substantial increase of £1.1150,1 -lb This expansion is due to belated shipments of frozen meat and dairy produce so as to clear up the past season’s output. 'The figures for the seven months to the end of .July show that the exports aggregated £32,999.529 against £ 10,-175,825 in the corresponding term of last year, a decrease of £7.56(5.290. Wool accounts for the greater portion of this decrease, the value of the wool exported in the seven mouths oL this year being £9.957.132-. against £ 15,306,609. There sere other shrinkages as for instance butter £5.361.(301 against £6,137.627. frozen beef £354.288 against £567,83-1, frozen lamb £4,754,407 against £5,756.5279 and frozen mutton £1,301,179 against £1,898.193. The imports for Julv totalled £3.477.603, against £4,326,039 in July of last year, a decrease of £843.430. For the seven months- to the end of July the imports ■ totalled, £28,194,183, against £29,341,324. a decrease of £1.471.141, which is rather promising, for it is essential that the ha la nee of trade should he restored to normal. Although the number of motor vehicles imported during the seven months this year showed an increase of 1322, as compared with the seven months of last year, the value of year’s importations was £2,357.061 against £2,576,930 for the same period last year, which shows how the cheapening of motor vehicles is proceeding.