COMMERCIAL.

Taihape Daily Times, Issue 219, 25 November 1916, Page 6

COMMERCIAL.

WOOL PRICES A SCALE AGREED UPON. WELLINGTON, Nov 22. No less than four very fully attended conferences "were held at Parliament Buildings to-day at the invitation of the Hon. MacDonad, Minister of Agri- • culture, to consider a further offer by the Imperial Government for the current season's wool clip. The conference represented respectively the wool growers, wool-brokers, freezing companies, fellmongers and wool scourers. Nothing definite was settled by the woolI>rokers' conference, but they .appointed a committee to meet again to-morrow to discuss the question as it affects their interests. The wool growers discused at length the freh proposals of the Imperial Government, and finally a resoution was -carried practical}' unanimously, offering the whole of this season's cip at a price considerably under the present market rates.' The prices agreed to,; the Minister stated later, would work out practically on the lines of the new offer of the Imperia Government, on the following basis: —Superior merino combing 18-ld to 22Ad;_mediuni to good merino 15 d to IT-iid; inferior merino 13 dto 14jd; superior half bred, ISM to 21|d; medium to good half bred, 14d to 15Jd; superior crossbred, Kiijd to 18Jd; medium to good crossbred 14d to 17d; inferior crossbred 12d to 14d; Lincoln and Leicester, 131& to lti|d; Lambs —Good, 17d to 203; medium, 14d to ltifd. "Of course," added the Minister, "some specially good wool may be classed rather higher than the above prices, while inferior wool may be classed •somewhat below them. The position now i sthat we have to organise the brokerage and valuing of wool. When that is done the matter of shipping Tvill be proceeded with -in the usual •way, so far. as shipping is available. At the present moment no great difficulty is presented in regard to shipping. There will be a slight shortage this month., but w e cannot say what will eventuate after that. \ The freezing companies have decided to accept the Imperia Government's offer respecting slipe wool. The only difference between slipe wool and the main clip is that slipe will probably have to be valued in England, as there is no precedent of vaues to go upon here."