WOOL SALES
WELLINGTON OFFERING
A total catalogue of approximately 15,000 bales will be offered at the Town Hall to-morrow, and the market will therefore be fairly tested. As the latest advices from Bradford showed, the tops market was dull, but auything may happeu at a wool sale, and the market show an unlooked for turn for better or worse. Growers appear to be inclined to meet the market, and the clearance of the whole or practically the whole of this catalogue would materially help to improve matters for the 1931-32 season. That may seem a long way, but half the selling for this season has been done, and there is a great deal more unsold wool in the Dominion at the present than is good for the industry. The question has been asked as to liability for wool lost in the earthquake area. The position is as announced by brokers when the current, season opened, viz., "Growers are expressly notified that the -insurance included in Brokers' Consolidated Warehousing Charge is ordinary fire insurance only,. and does not include damage resulting from earthquake shock, nor fire as a result of earthquake shock, riot, civil commotion, hostilities, military or usurped power. Extra cover will be taken out against any or all of ,the excluded risks at owners' expense, on receipt of specific instructions."
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https://paperspast.natlib.govt.nz/newspapers/EP19310212.2.153.5
Bibliographic details
Evening Post, Volume CXI, Issue 36, 12 February 1931, Page 16
Word Count
221WOOL SALES Evening Post, Volume CXI, Issue 36, 12 February 1931, Page 16
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