The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1913-05-22
TONE OF THE EAST
ERN WOOL MARKET

The following is taken from the last
trade letter of J. Bateman & Co.
Philadelphia wool commission mer-
chants:
The wool market during the past
month has been unsettled. with light
sales and no firm basis of values.
Manufacturers are finding il difficult
to secure new business, and consider.
able machinery has been stopped upon
the completion of old orders. II is
estimated that not over so per cent
of the woolen machinery in the coun-
try is now running, and the consump-
ton OF wool is of course much small
er than IT was year ago
Apparently the demand for wool is
going to be light until the tariff mat
ter is finally settled and manufactur-
ers can tell just what competition they
VIII nave to face. The future of the
market will then depend upon whether
they are able to run their mills and
compete with foreign manufacturers
under the new schedules.
During the past month there has
been further reduction in prices in
an endeavor to clean up the balance Of
last years woods. In order to do this
1T has been necessary to accept prices
which average four to five cents per
pound less in the grease for territory
wools than the ruling prices at the
time OF Mr.. Wilson's election
The Tariff.
The Underwood bill passed the
house of representatives with very lit
tie change from the form in which IL
was originally presented. and without
serious opposition. 1t is now in the
hands of the senate where there is ev
cry indication that much harder
fight will be made by the friends of
the protective principle, to accomplish
such changes in the bill as win prevent
serious injury to American industries.
We hope, however, that the final ad-
Justment Of the matter will not be de-
layed longer than is necessary. IF
there is any prospect of improving the
bill so as to increase the protection to
American wool growers and manufac-
turers, those interested would of
course be willing to submit to the de-
Lay and stoppage of business for a
time, but we feel that any delay with
the idea of simply postponing the in
evitable, will be a mistake. Business
is being halted now by the uncertain
ty as to what will be done, and the
sooner final agreement is reached,
the better it will be.
Prospects.
There is no close precedent for the
conditions now facing the market and
we hesitate to make any predictions
as to the course of prices during the
next few months. A comparison of
prices of American fine and fine medi-
um woods with foreign woods of cores
Iponding grade, seems to indicate that
there Is no reason to expect further
decline on this class of wool, provid-
ing American mills are able to secure
sufficient business to create a demand
for the new clip. Manufacturers. as
rule, are carrying very light stocks
of wool, and if they can succeed in
keeping their mills running in the face
of the tariff changes, there should be
a good steady demand It is realized
that the unfamiliarity of foreign
manufacturers with our domestic
woods will act as a handicap in at.
tempting to market American woods in
Europe, and the immediate future Of
the market depends on the demand
from American manufacturers.
Woolbuyers Leave the State.
Yesterday the entire colony of wool
buyers, with single exception, pack
ed their trunks and left town, and it is
said the state, as well. At least a por-
tion of them went to Montana. Among
those leaving were Frank Eshelman,
representing Jeremiah Williams & Co.,
Boston; c. w. Dow, with Koshland &
Co., Boston; George Colby, of Brown
& Adams, Boston; William Burke, rep
renting Cochran & Gilmore, Phila-
delphia.
Walter c. Donald, who represents
Eisemann Bros, Boston, will remain
for the finish
Mrs A