THE WOOL TRADE.

Waipawa Mail, Volume 3, Issue 210, 15 September 1880, Page 3

THE WOOL TRADE.

The following interesting report is extracted from a letter received from Alessrs Goldsbrough and Co., Melbourne, by their Waipawa agents, Messrs Aliller and Potts, who have kindly placed tho same in our hands for publication:—“ During the past season about 17,000 bales were bought in Melbourne for direct shipment to America at prices ranging up to for merino and 13d for crossbred greasy. Tho clips most in demand are those in light condition, and wellskirted. The total sold in Melbourne last season was about 125,000 bales, value for about £2,500,000. Of this qnantitv we sold 03,000 bales. Tho warehouses erected by us combine every appliance and advantage that experience could suggest, and we are now making large additions to them in readiness for next season, our new warehouse beiug 313 ft. long, and five floors in height. All our top rooms are devoted especially to the exhibition of sample bales, and a mellowed southern light, so favorable to the display of wool, has been arranged ; hence clips can be shown to great advantage. Freights to London during the season range generally at |d per pound for greasy and Id for washed. Our arrangements with the Union Steamship Company enabled us last season to take wool from New Zealand ports to our warehouses, Alelbourne, at a total cost of £3 5s per ton for greasy and £4 per ton for washed. These contract rates included all charges from our taking delivery in Napier until the wool was received into our, warehouses in Melbourne. Insurance to tho extent of lOd per pound on greasy and 20d per pound on washed is also included. It w'ill thus be seen that owners can ship their wool to our warehouses in Alelbourne, offer it there, and if not sold, ship it to London at about or very little more than the cost of freight from Hawke’s Bay direct to London. Should we not succeed in selling in Alelbourne, our total charges for warehousing, offering, and insuring, during the time the wool is in our warehouse, will bo only one shilling per bale. Proceeds of sales are remitted each Tuesday after sales.”