WOOL SALES.

Lyttelton Times, Volume CXVI, Issue 16992, 20 October 1915, Page 11

WOOL SALES.

TO BE OPENED IN CHRISTCHURCH NEXT MONTH. EXPORT TO AMERICA PERMITTED. ' The chairman of the Woolbrokers' Association has received advice from the Hon W. F. Massey that the' embargo that has for some time been enforced against the export of wool to the United States has been removed as far as cross-bred wool is concerned. It is generally anticipated that this will have a decided influence on the course of values for this class ot wool at the coming sales. since trie removal of the import duty on wool in the United States colonial wool-growers have been looking forward to the time when American buyers wovdd'be large participators at the annual sales, ami in the early stages it looked as it their most sanguine anticipations would oe fully realised. However, the outbreak of war, followed as it was by restrictions placed on the export ot tms commodity, prevented* American competition, and many fears wero enteitained that the position during tlie coming series of sales would be similar. Now that buyers from America will be permittcd'to ship cross-bred wool to their country, it is expected that a considerable amount will'be diverted, in that direction, and that the local sales will be beneficially influenced in consequence. ;11 The opening sale of the season wiu be held in Christchurch on Thursday, November 11. LONDON SALES. Messrs Gilbert Anderson and Co., the well-known operators in colonial produce, of Terminus Chambers, 0, Holborn Viaduct, London, have addressed the following letter to tlie secretary of the Wool Buyers' Association, London: — . "We beg to bring before you the advisability of fully considering the manner of offering wool in the London | wool sales for next year* in time to advise the growers and shippers prior to shearing. • ' : "The present war conditions nave brought out and" emphasised many weaknesses and disadvantages of theLondon wool sales which have beont known in the past, and pointed <w from time to time by the colonies. "The question of the shortage ot labour demand's some change if wool shipped for a particular series is to be made available, the work in the warehouses economised, and delivery or wool given with promptitude to the buyer, i > ' i „i "If more frequent and regular wool sales were assured, growers and shippers could act with more confidence in the disposal of their wool, with the knowledge that the sale of their wool would not be delayed without their.-con-sent, and the price realised would be known within a reasonable time after shipment, all of which is of vital importance to the colony. Further, the financial position could bo better arranged ' and provided for, both in Bradford and London. "It has been pointed out that Bradford buyers can buy wool in the colony, ship d, have it delivered to Bradford and manufactured before the neighbouring clip shipped to London is offered for sale. "We need scarcely point out that all these circumstances militate against the selling of wool in London. "The present conditions warrant a change that will assure the more prompt sale of wool likely to come to London, and at the same time enable the merchant to deal more promptly with consignments or regulate.,the sale with some degree of confidence. "We venture to suggest that if eight sales wore fixed at the following dates, satisfaction would be given to all concerned:—January 11, February 22, April 4, May 23, July 4, SepternW 5, October 17, November 28."