The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1910-04-19
THE WOOL MARKET

At a time when shearing in Nevads
is nearly completed, there is practical
ly no wool market. It is stated or
good authrity that during the past 80
days there has not been a pound sold
in the whole state, shipments of the
new clip having been confined entirely
to contract wool.
Speaking Of the outlook for wool, in
their circular Justice, Bateman & Co.,
the Philadelphia commission men, have
the following to say:
The prices of domestic wool last
summer and autumn were relatively SO
much higher than foreign, that nor
nous importations followed. These
importations have continued, notwith-
standing the declining prices on do
nestle woods, which have been con-
tinuous since high water mark last No
vember.
Wool in the United States this year,
like the majority Of the preceding 20
years, seems likely to bring the lowest
price Of the whole year in the spring
and early summer. This was the case
in 1890 '95- 49, '97- '99-1901- '02- '04- '05
'07-'0S and 100.
Growers are likely to be disappoint-
ed this year at the apathy Of buyers
at early clip time. Owing to this many
growers are likely to be stampeded in
to selling at lower prices than they
will obtain in the autumn and win.
ter. as in the years above named.
Imports Of foreign wool for the eight
months ending February, were 20 per
cent greater than the average for the
same eight months Of the two previous
wears. Imports of foreign wool for the
calendar year Of 1909 were over 312,-
600, 900 pounds, the largest for any sin
duties upon imported wool, and II per
cent larger than the average of the
previous ten years, showing that the
tariff is not too high, otherwise this
large importation would not have TAX
en- place.
Excessive imports of foreign wool at
a time. when orders for goods are lack
ing is q cmbination which is response
BILE for the fail in price of domestic
wool. This decline comes at a time
when prices for woods in the outside
markets of the world for like kind
ana cnAIdcteI arc citncI uucndnScu VI
higher.
The decline we believe to be one Of
those temporary drops that often oc
cur. We believe there will be q re
action before the close of the year, il
spite of excessive wool imports, an'
the temporary shptting down of all o
part Of some Of the larger mills.
Our faith is based on the existenc
rrh- ~vsnac fa~ moo
in the United States should be highe
rather than lower. Among them is tn
very important one of the exhaustio
the severe winter, which, sooner O
later, must give renewed employment
to machinery now idle.
Another fact is that the nation wa
never so wealthy as now. That is bt
cause the new wealth taken out of tn
earth during the past year wal tn
employment Of labor in productive in
dustries at a higher wage scale tina
ever before enables the working elias
freely as ever before.
The primary cause for the decline i
wool was undoubtedly the check in tn
uomanu AOI WOoien clotnlng, owing U
the widespread hysteria as to the al
legged "higher cost Of living'' sine
1908.
This had its inception in the recov
cry from the panic Of that year. Con
sumers have mistaken panic prices TO
normal prices. Recovery from pani'
prices started this excitement whicl
newspapers and magazines have sine,
industriously exploited, and it has nov
become a national question.