The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1913-03-11
GENERAL TONE
OF WOOL MARKET

In their March circular to the trade,
j. Bateman Co., the Philadelphia
wool commission firm, has the follow
ing to say regarding the market:
The wool market has ruled quiet
since the first of the year. In the face
of the almost certain lowering of the
duties on both wool and goods manu-
facturers generally have pursued the
policy of buying only such wool as
their immediate necessities require
Although the stock of wool in the
hands of dealers is light and the coun-
try districts are well cleaned up the
effect of this policy on the part of the
manufacturers has been shown IN some
easing off in prices, due to the slack
ening in the demand and the uncer-
tainty as to the future.
The situation has been further ag-
gravated by the strike of the garment
N9ikers, which, starting in New York,
has spread to other points. Had it not
been for this unfavorable development
it is believed that the small remaining
supply of wool would have found its
way into the mills before this The
effect of the strike, however, has been
to hold up deliveries of goods order
ed as well as to curtail new orders,
and has caused, thereby, a falling off
in the consumption of wool.
From the standpoint of supply and
demand, wool is in a strong position
due to the decided decrease in the
world s. supply during the past year at
time when the consumption was at
high water-mark. This has resulted in
steadily advancing market abroad
and would no doubt have occasioned
similar advances here had it not been
for the meance of impending changes
in the tariff.
Tariff.
Until the new rates of duty on wool
and goods are determined and the date
when they become effective made
known, the question of values for wool
during the coming season is matter
of conjecture IF the new a1minis-
tration lives up to its pledges not to
reduce duties to a point which will
cripple American industries, trade will
no doubt adjust itself to the new
schedules and business will receive an
impetus and values will be establish
ed. In order, however, that the
American market may be secured to
oul OWH
margin of protection to enable them to
compete with manufacturers in Eng
land and on the continent, must be
granted them.
We do not anticipate any such disas-
trous effects from the lowering of the
duties as was experienced when the
Wilson German tariff bill became a
law in 1894 The situation abroad is
7 l. 10 - &lok
as there are no large stocks of goods
foreign molders.
Foreign Markets.
Foreign markets continue very firm
with light supplies and high prices.
The following quotations from an Eng
lish wool circular reviewing last
years business there sums lp the
situation very ably:
"The past year has been a period of
great activity in the trade and ma
chinery has been well employed in all
sections. Prices of wool are from
to 10 per cent higher for Merinns than
one year ago while cross-breds are
mostly 10 per cent higher. At the
present moment the obvious features
of the situation would point to the
maintenance at least of the current
high level of values. Trade generally
is extremely active not only in Eng
land but on the continent and the con-
idence of users is shown by the
prices paid for the new woods. The
demand for raw material is expanding
all the time and it is certain that
there will be a considerable decrease
in supplies as the clips from almost
every large producing country are re-
ported short, -