The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-06-24
CONDENSATION EVIDENT.

IL seems 10 be n well settled fact
that the eastern manufacturers are
hammering wool prices 10 the extent
OF their ability. The condition OF the
market at the present time can be ac-
counted for IN no other way. The
producers are not alone in this opin-
ion. as the following from Clay. Rob
inson & Company's Livestock Report
will show.
Wool buyers are working their com
binatin0n overtime. They have
put up the sign that prices must
so lower. and lower they are
Lots OF wool OF last year pro
ducti0n is piled up in the big
wool warehouses, and, Of course.
the big eastern buyers know
where every pound Of IL Is. They
are banking on the holdoNer
supply 70 help them out and Up
TO date 10 Is doing H. some Of
the best posted wool growers say
that tho depression he's beer too
much and too sudden 90 last and
they look for some reaction. 9th
ers are possimtgtic aud can see
nothing tut n tobOgCan slide. IN
the recent far m ilec ses some OF
the middlcmsn have been sadly
stung Several big Cnicaso
dealers are said Co re loaded up
with wool that cost them zJ4
ga cents. and now they could
not sell 10 az 20 cents.
The American Sheep Breeder dis
cusses the chaotic condition Of the
market, which 81 is unable 60 under
stand. and concludes by saying: I'VE
are not going to give any advice. for
we don't know any more than the
reader. We hope and pray for a change
before long. We can't see any log
teal reason for lower wool"
The Logical reason IS the action OF
the manufacturers beyond the shadow
OF a doubt tt is so understood both
east and west. and the result is that all
those who can hold their wool are
storing Il until such times as they can
get something like a square deal.
r.. r. Biciner Of Pocatello. Ida. re-
gently visited Chicago. and in the
course II an inter .iew said, regarding
the situation:
Wool buyers and sellers are far apart
I'm their views OF prices through
out the west An unusually small
number OF deals have been con-
summatcd thus far. while the
proportion of storing and con
signing is remarkably large. The
rockmastcr f. OF the opinion
that there IS a secret Under
standing among the wool manu-
facturors and that there has been
On map Dulation Of the money
MARKET Many of the wcll-in-
formed growers believe that this
combination has been the chief
cause Of the dull and lower wool
market And 40 certainly looks
as though such is the case. I'm
view Of the fact that wool prices
az London are 2G3 cents per
pound higher than n year ago.
while they are Dos cents per
pound lower in the United
States.
The same views are entertained
here in Utah. and all over the west.
and stronger evidence than a COM
parison between tho London prices
and those obtained in the United
States could not be adduced.
So Tar e IS a bad season Tor the
wool grower. on top Of the losses on
the range during the winter months.
comes the combination OF the manu-
fscturers. who want protection for
their products. but free raw material
when they enter the markets 20 pur-
chase wool
IL is TO be hoped a sufficient amount
OF this years clip can be stored to
bring these people 20 their senses