Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-04-30
GOOD NEWS COMES
TO THE SHEEPMEN
WooIgrowers' Representatives at
The Hub Say Storage
Plan a Success.
TO SELL NOW IS TO LOSE.
Pcssimistic Tone Peryadcs the Textile
World and the Reason Is Given
From Eastern Points.

Success is already ours" say the Of
ficials Of the Utah Wool Growers as
ISOLATION, an organization whose first
act was to start movement for better
wool prices. This confidence is largely
due to message Just received from
the associations representatives, Il. ].
kearns and ]. f. Austin, sent east to
arrange for the storing of wool indie
finitely Satisfactory arrangements
have been made for the storing OF
1QOOO,0O0 pounds of wool In Boston,
money and warehouses being assured.
The banks in the Hub have offered so
Per cent of the market price on tho
clip and warehouses can be obtained
for per cent of the value of consign-
ments stored. The message asked
urgently for Immediate Instructions
The association from its local offices
has sent out kilograms to every corral
of any size IN the state, asking what
wool each will contribute TO the stor-
age plan.
MAY STORE ENTIRE CLIP.
The officers are confident nearly
every pound of Utah wool will be sent
to Boston for storage under the ar,
rangements described They assert thar
the 100000 pound warehouse will he
year will be close around the 10, 900 coo
mark. An rs cent market is assured,
say local wool men who are enthusi-
astic over developments in a wool con-
dition not experienced in this state
for 10 years.
Strictly authentic reports from the
east are not so rosy, however. The
opinion voiced among the best postel
men and magazines is that there is no
Improvement to report in any part OF
the wool market and no Immediate
prospect of any. Prices show steady
downward tendencies" says the Tex
tile Manufacturers Journal. This Jour-
nal is extremely pessimistic for it con
tinues: Dealers have given up at
tempts to predict where the bottom OF
the market is to be found, and the
many who have ample stocks are striv-
ing to resume their share of the small
business Offered at the best prices OBJ
tainable. 1t is generally recognized that
the goods market is the key to the sit
uation, and now that hopes of fair
heavy weight Duplicating have been
abandoned, dealers have resigned them
selves to u long period of dullness until
the lightweight season opens"
DEMAND Is LACKING.
Dispatches from New York say. DE
mand has been an unknown quantity
in foreign markets during the last
few days. Topmakers and spinners
find little in the situation that's cheer
ing. The low point reached just be-
fore the last London sales closed are
being approached again by cross-bred
tops. medium, coarse cross bred, and
merinos are still lower. Sales of fine
foreign woods in domestic markets have
dropped nearly out of sight and the
coming London auctions are expected
To show the effects OF the general
Weakness
From another source comes the ex-
PLANTATION that the general softness
OF seaboard markets Is causing deal
ers to move with utmost caution. Talk
of tariff revision after election has u
big part in creating distrust as un-
der present conditions a risk is a risk.
is the opinion voiced by some con-
cerned
A report from New York says, 1T
appears more certain than ever that
the great bulk OF the new clip woods
VIII be consigned and at prices %
to 30 per cent below those advanced
year ago
HOPE IN THE FUTURE.
With these conditions reported in
home and foreign markets ana with
but 80 per cent Of the mills reported
In operation, the west decided early
that to sell now would he to give wool
away, Storage is adopted with en-
thuHIeisHl. WIN money ana Wdre-
houses at hand. the next move will be
the shipping of consgnments to Bos-
ton. Utah woolgrowers are willing
10 lay wagers the final result viii be
snappy market, strong prices and
saving of hundreds OF thousands of
dollars to this state and others who
follow its example.
The dealers are fast becoming con
WINGED that the time is al hand to-
call a halt on price cutting, says tho
American Wool and Cotton Reporter,
and as the weeks pass the conviction
grows that the bottom has been reach
cd and the dealers are not alone in the
hope that such is the case as democrat
ization in wool prices rs certain to re-
fleet seriously In goods prices, and here
is where the manufacturers show I'M
easiness az they cannot quickly adjust
the prices for their finished goods and
lower ranges than now prevail may not
be met six months hence by the Same
relatively low prices OF wool that arc
available today
ST. Louis. April 3O.--Wool quiet; ter
rtory and west sem mediums Isolde;
fine mediums, hne, 12dl5.
tt.f.