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DOMINION'S WOOL SALES

SYSTEM OF SELLING CRITICISED «XEW ZEALAND LAGGING BEHIND” Details of the criticism levelled at the New Zealand wool selling system at the opening of the International Wool Conference in London by Mr W. Scheller. of Holland, are contained in a summary of his paper, which has been received by the latest air mail. Mr Scheller prefers the Australian system .of selling. "Compared with the Australian sysfejn—which can really be called a perfect cne —the selling system in New Zealand is lagging behind.” Mr Scheller said. "Certain alterations, which proved to be necessary because of the increased supply during the last 20 years, have not been introduced. "The most conspicuous advantage of the Australian system is that in the leading markets, except Perth and Adelaide, the sales are spread over four days a week, so that the buyers can keep their c.verseas principals informed every day and can daily receive orders and alterations of limits. Consequently, they are always in a position to buy.

“On the other hand, in New Zealand the quantity destined for sale in a certain port is always sold in one single session. It will be clear that if any orders given to some buyer arc inadequate he misses the whole auction. since it is impossible for him to communicate with his overseas principals in time. “If in Sydney, or in Brisbane, the quantity of about 40.000 bales to be sold in a week were to be disposed of in a day, this would seem to us an absurdity, whereas this is really the case in New Zealand. Instead of enabling the buyers to value in the morning and holding the auction in the afternoon, and continuing in that way for two to three days at a stretch, according to the supply, buyers under the present system are estimating for two to three days, and the whole supply, which very often reaches up to 30,000 bales, is' sold in one session only. Advantage to All

“I believe that the introduction ot the Australian system would undoubtedly be to the advantage of all those concerned, both farmers and buyers, to say nothing of the industry, since the buyers would then be in much closer contact with their overseas people, while price fluctuations might be less Sharp.” Mr Scbeller’s roster of sales allows three days for each sale, the offerings at each auction ranging from 14,000 tales to 28,000. A typical example is , the suggested Auckland sale, which would be spread over three days from November 23 to 25 with a total offering of 20.000 bales. Offerings of Scoured .Wool “It is said that endeavours are being Baade in New Zealand to promote the scouring industry by statutory* measures, by which a portion of the offered for sale would have to Be offered as scoured wools,” said Mr Scheller. “I think it is the duty of the International Wool Federation to grant out to the New Zealand authorinesthat such a measure would be teost detrimental both to the general znerests of the wool industry and to mose of the New Zealand wool farmI * ew Zealand wools are mostly "“Jot combing purposes, and scoured wools are less suitable for it will consequently fetch lowsr ••“Cos than as greasy wool.”

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19380623.2.86

Bibliographic details

Press, Volume LXXIV, Issue 22435, 23 June 1938, Page 13

Word Count
542

DOMINION'S WOOL SALES Press, Volume LXXIV, Issue 22435, 23 June 1938, Page 13

DOMINION'S WOOL SALES Press, Volume LXXIV, Issue 22435, 23 June 1938, Page 13