Selling Wools.

Timaru Herald, Volume XIIIC, Issue 14141, 26 February 1910, Page 4 (Supplement)

Selling Wools.

THE DRAFT ALLOWANCE. proposal to discontinue the draft /allowance of lib per cwt. on. wool emanated from Australia, and the decision of the London Importers' Com- ; mittee and the London woolbrokers not to consent to this abolition surprised Sydney wool men. The "Sydney Daily Telegraph," in discussing the , matter, says:—"At one time the custom was almost equitable arrangement between buyers and. sellers; but .that ■ was 1 in the days when" wool-classing, . wool-showing, and wool-selling were not on the same plane as they are to-day. It is idle; to pretend that the .;.: weighing conditions of wool to-day are ■'■■' in, any way similar/ to -the time when ■■■ -the one pound, per cwt .draft- allowance was made to the. Trayer.' How: the rules are in lie Sydney : i market with regard to weights is but' imperfectly understood. . For instance, :«11 wools have to be weighed by the wool broker within-48 hours of the receipt of the wool in store. Or, rather, the wool has to be weighed within that ,-; time by sworn weighers, on machines r j that give no possibility of there being V eT cwt. out. Moreover, only originals in weights are charged, unless cut-weights are required; and then, of .course, out-weights must equal inweights.—less any samDles taken out "-- 8 D «yers. These provisions in the : selling regulations were never dreame£ of when the pound per cwt. draft .-allowance was, made; nor could. such possibility have, been uroposed, simply Because the Tules provide for the buyer getting his wool invoiced at the weight as it arrived in store, no matter what it's weight is when taken out; so long, of course, as it is not less than when Surely these arrangements without any, pound oer cwt. thrown - ta^are-generous enough." ' ..'-'■