East Oregonian : E.O. (Pendleton, OR) 1888-current, 1914-05-09
HIGHER WOOL PRICES
ARE NOW COMING
LONDON SALES SHOW GREAT
STRENGTH; MANUFACTURE
ERS ACTIVE BUYERS.
Based on Clean Market Prices Now
Eight Cents Above Last Years
Ffgures-Dealers Anticipate Higher
Prices.

sent out the following circular.
London wool sales continue on a
level highly satisfactory to the pro-
ducer. 1t appears rather more diff
cult for buyers to obtain wool at OPP
ening day prices as the sale progress
es. Crossbreds, corresponding to our
S-Ss and IA bloods, are getting firm
er every day, and Merinos frequently
are Z 1-2 per cent higher. The mar
ket is finding support from all quar-
ters, English, Continental and Ameri-
can buyers competing daily.
A feature of the sale seems to be
the large buying for manufacturers
accounts. 1t is reported that there are
fourteen different buyers operating
for the United States. Not infrequent-
ly in times past has it been necessary
to withdraw woods in large quantities
to prevent prices from breaking, but
this is not the case so far in the pres
ent series, as the Withdrawals have
been practically nothing.
1t is estimated that the landed
clean cost for Australian 64s (corres-
ponding to our Oregon or Montana
erican manufacturers usually declare
that they cannot pay within five
cents the clean pound for American
woods as compared with Australians or
New Zealands, on account of the su-
perior milling quality of the foreign
woods, as we'll as the better condition
in which they are obtainable. Even
in view of this discrimination, it
would seem that 60-cent clean mar
ket for fine clips was assured. Such
woods aer being turned over in Bos-
ton today on a basis of 55 to 81 cents.
If growers will refer to the Price
Calculator recently sent them, and
will place the 60-cent clean market
opposite 65 per cent shrinkabe, 81
cents grease is indicated at the end
of the slide, and If the shrinkage is
but so per cent Gas no doubt will be
the case in some Montana clips)
grease value of "a cents is shown.
Many recent transactions indicate
dealers are expecting a higher mar
ket. Fine medium clips in southern
Wyoming have sold for IS cents, and
mixed clip of about $4,000 pounds has
sold for 19 cents at Lander, Wyoming.
These prices compared with a year
ago are based upon not only an in
crease in the clean market of eight
cents. but upon very much lighter con-
ditioned woods.
Not for several years has the fu-
ture of the wool market seemed as
free from uncertainties as at the pres
ent time. with business at an ex-
ceedingly low ebb, it would appear
that any change, which is likely to
take place, will be for the better.
Big Morrow Co. Deal--A deal which
was consumated yesterday between
John Kilkenny and George j. Currin.
involves s125,O0O and 10000 acres of
land Mr. Kilkenny has purchased
all of the Currin property outright
and will take immediate possession.
Mr.. Currin will retire to his home in
Heppner, where he has virtually re-
sided for the past five or six years.
NJ. Kilkenny still retains his Sand
| Hollow ranch, where he has become
an extensive sheepman since coming
! to this country.-Heppner Gazette
| Times.
Bought Washington Land. - G. A.
| Stewart. the former hotel man OIL
| JIkiah, has returned from a trip to
! Hatton, Wash. where he has pur-
chased a section of wheat land. He
says that on account of some recent
crop failures in that section he was
enabled to purchase forty dollar land
for half that price but as he former
| IL was in that section and acquainted
| with. the land he felt perfectly safe
in buying, as the land will come back
into production again.-Pilot Rock
] Record.
Hay Harvest SOon.-With contin'
uation of present weather conditions
| hay harvest in the Vincent country
| will start the first week in June, ac-
cording to word brought in by well
| known grower yesterday. Prospects
| for good first cutting are encourag-
ing. and more arm weather is needed
to get the best results.-Milton Eagle
Has $50 Hogs Herbert Strohm
well known young Hermistonian, has
moved out upon his ranch on the west
side of the river and is now actively
engaged in the hograising business
He has $50 hogs on hand now, 12S
OF which are young ones. He has
great faith in the hog business as
money maker on the project.
|
First Bag OF Peas-The Lamb Frui
company shipped the first bag o.
peas last Monday, receiving them from
Frank Mcsherry and netting him Il
1-2c per pound. This Is probably thu
highest price ever received for pea
from this vicinity. Times
shipping Cattle TO Portland-Jullu
Guderian. prominent south-end cat
tleman, is today preparing three car
OF cattle for shipment to the Portland
market
Carload Of Hogs.-Bert Whitman
buyer for the Pendleton Meat Co
will leave in the morning with a car
load OF hogs which the company !
shipping to the Portland market
These hogs are a surplus acquired b,
/ N n 10.