WOOL APPRAISAL

Evening Post, Volume CXXVIII, Issue 130, 29 November 1939, Page 12

WOOL APPRAISAL

THE BASIC PRICE

WELLINGTON TOMORROW

''Evening Post," November 29

Wellington appraisals of wool on behalf of the Imperial Government will begin tomorrow. The appraisement of the wool is an intricate business. Values, or appraisals, are made according to type, yield, and count. The appraiser, or valuer, is an expert wool buyer. Having gone over the wool as displayed in the store he submits his marked catalogue to the chief appraiser, who thereupon fixes the price to be paid for the wool so dealt with—according to its type, yield, and count. The woolbroker also values the wool in his catalogue and checks his own valuations with the price fixed. The broker having received his priced catalogue invoices the Government for the wool and the Government issues the necessary shipping instructions. Payment of appraisers and brokers for their services is made by the Imperial Government. The grower's responsibilities end on the arrival of the wool in store, but he has to meet costs of transit to the store. The price. schedule has to be adjusted to deal with 1200 different types of wool, and some prices may be several decimal points of Id different from others. A difficulty has been the necessity for taking yield into account, for appraisement has to be based on Continental and United Kingdom types. Possibly some crossbred growers will be disappointed with their returns as the price schedule to which their wool is related may return less than the average return of the past two years. This point should be kept in mind) when considering the basic average price of 12|d per lb net to the grower. The payment to wool growers, as stated, is on an average basic price of 12Jd per lb in New Zealand currency, payment being made fourteen days after completion of the appraisement. , „ , ,' , Averages for New Zealand sales oi the past five years were as follows:— Per lb. ■ - d. 1934-35 6-54 1935-36 2-13 1937-3F 10.04 1938-39 ••■-••• • 9-17 Gross realisations for wool sold in New Zealand for the past five years have been as follows: — Year. ■ Bales. Receipts, £ 1934-35 ........ 479,797 4,480,479 1935-36 - 756,833 10,083,297 1936-37 .- • 686,994 15,344,231 1937-38 ...... 629,671 9,027,905 . 1938-39: ....... 720,202 9,386,375 The above returns are compiled by Dalgety and Co. Although the sale of wool to the Gov- . ernment is. on a basis of 12 id per lb net, from the average prices received for . the past five years woolbroking : charges had to be deducted; these are ; novHDorne by the British Government as sole buyer. : The New Zealand wool shipments : overseas for the past five years in bales were as follows: — : , Bales. 1934-35 ■■'•'......•....'.." 598,841 - 1935-36 924,297 1936-37 '. 813,064 J 1937-38 763.871 1938-39 .;..... 899,130 ] The shipments, it, will be noticed, ] vary considerably but they may be 1 taken as an average of 800,000 a year, - and including freezing companies' and scourers' wools, as well as wool ship- ( ped on growers' account for realisation elsewhere. i Wool-sold in the Dominion will include supplies for local manufacturers arid will be in the. grease. , There has been no congestion in the Auckland and Wellington stores, according to brokers' advices, the i quantities appraised and yet to be appraised being in normal volume. ' Production last year was a record at 917,000 bales, but it will be well down this year, probably by 60,000 bales. I In the judgment of experts the wool how under appraisement in Wellington is lighter in condition than it was ] last year by about one pound per sheep. That from the Wairarapa dis- j trict, is said to be slightly discoloured with.dust, due no doubt to dry weather I in the autumn. The Manawatu-Wel- ( lington wool clip, so far as can be g gathered, is rather more attractive and i brighter in condition than that of the ' Wairarapa. - i