WOOL.

Hawera & Normanby Star, Volume LXIX, Issue LXIX, 22 May 1915, Page 3

WOOL.

. The new .freights for wool for London, virtually a rise of id, came into .force on Saturday—the day after the ;big crutchmg $ale (.the first of the season in Wellington). In order to secure to buyers the benefit of the old freight (and, indirectly, the growers also), local broking houses (says the Post; worked, .particularly. hard, to get the: wool to the ship's store in time. An. -arrangement , was made that any wool that wns in dTiniping stores -on May loth could be shipped at the old rate. Most of the wool was loaded into the Rangatira. The top prices for crutchings were paid by Japanese, aluhough they were indeoendent of the new, freight rates, whicE apply to the Lnited Kingdom only. The effect of the facilities above referred to, however, was that the Japanese buyers were forced to increase their prices, as the wool was urgently needed"by Bradford as well as by Jaoan. From enquiries made as to whether much crutchings were sold privately in this district it was gathered that possibly 100 to 200 bales did not pass through the sale room, and that the price realised ior them would probably be 2d to 3d per pound less for this 'wool than what it would have fetched at public auction.