The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1914-11-28

Aires, leaving to the buyer the prob
lem of settling the vexed questions
OF freight and insurance. Late quota.
tons from Montevideo gives Sos to
oos 10 pence, cost, freight and insur.
ance.
New clip wool are said to be
scarce in Montevideo, not having yet
entered the market freely. Unusual
interest attaches to South American
markets this year, as this is the only
place In the world which Is open for
American buyers freely to operate.
The combination of Indifferent manu-.
facturers at home and aggressive for
eign competition in the primary mar
kets is a source of keen disappoint-
ment. At home, the manufacturers
have allowed the good woods to slip
away, without taking their usual
share, while there is nothing in the
goods situation or financial condition
to warrant large purchases abroad.
AS far as South American woods
are concerned, serious bar to pur.
chases is given by the inability of
Argentine shippers to make firm of.
fers. A case is cited where local
firm was offered two lots of 500 bales
Buenos Aires wool at a certain price.
Some of each lot was sold, subject
to confirmation by the shipper. When
the trades were cabled for accent.
ance word came back that they had
been refused. as Bradford buyers
were willing to give more money
Manufacturers here are SO firmly
welded to the idea that prices of
foreign woods are to be very much
lower In the near future that they
are unwilling to 60 beyond the GOV.
ering Of their immediate needs.
On the other hand, some of the
largest holders of wool in the conn.
try are equally sure that a higher
level of prices is to rule before the
next domestic clip is available on
neeces as well as territories. The
three largest holders of territory
woods have been in this city the past
week, representing houses in Boston,
chicago and st. Louis. Apparently
they are willing to back their bullish
opinions with their money and they
show no especial urgency towards
making sales. They place confidence
In report from Washington to the
effect that, although some time may
be required for the complete working
out Of the same a plan for the lift.
ing of England's wool embargo is be-
ing engineered which will be salts
actory in all respects both to British
and American interests.
Curiously enough, the National
Wool Growers association, in conven.
ton at Salt Lake City last week ad
opted resolutions calling on the ad.
ministration to cease its efforts to
have the embargo raised and urging
the necessity and justice of reimpos.
Ing duty on wool. The solutions
recite that the great weight of fine
woods usually consumed On the con.
tinent is likely to be poured into this
country the moment the embargo is
raised. They say that such action
cannot fail to be ruinous to the wool
growers of the country and will sure.
ly break the prices of domestic woods
to point far below the level of prof.
table growing. Incidentally. the in.
ference Is given wool growers are
as much entitled to consideration as
any other class Of citizens.
In the same direction. though view.
ing the question from different an.
gle. Is the comment heard in the wool
trade over the different attitude OF
the administration towards the cot
ton growers Of the south and the
wool growers Of the west. They fail
to see why cotton Is any more enti
tied to protection than wool and as
sert that, II the wool growers or wool
manufacturers of the north and west