Wool Dumping and Hates of Freight.

Bruce Herald, Volume VII, Issue 614, 14 July 1874, Page 3

Wool Dumping and Hates of Freight.

Mr W. Reeves, Chairman of the New Zealand Shipping Company, has addressed the following letter to the ' Lyfctelton Times ' on a subject of recent correspondence : — "Sir,— My attention has been drawn to a letter from Messrs Kinross and Co., of Napier, on the question of wool dumping, which appeared in your paper lasr week, in which the name of the New Zealand Shipping Company is introduced. It is there 'stated that the practice of carrying umiped wool in the Company's vessels could be prevented by a combination amongst the ruaholding portion of the shareholders,

;' As Messrs Kinross say, ih& remedy ja id the hands of the runholdeffy and tli» Company will be only too glad to iwsisfc theft* in the matter. The question of carrying dumped or undumped wool, 18* entirely one of rate of freight. If the wool growers are prepared to pay for the additional space which their wool (on account of its being undumped) must occupy, the Com pan 1 ? m\\ he very ready to carry it in that condition!. One paragraph in Messrs Kinross' letter should be borne in mind, viz. : — ' We have repeatedly shipped home part of the same clip, dumped and tmdurnped, with the view' of ascertaining if it is worth paying an extra freight for undumped bales. We have not found that the undumped wool brings any higher price in the London marke r . The bales are at present, as a rule, reduced about one-half, so that the woolgrower vrould have to pay a considerably enhanced freight to place the ship in the same position when carrying undumped wool as it occupies when carrying dumped; and it is, of course, for them to decide whether the advantages they expect to reap woald exceed the additional cost on the carriage of the wool.' "