East Oregonian : E.O. (Pendleton, OR) 1888-current, 1915-02-27

In a letter under date OF February
% the National Wool Warehouse q
Storage company predicts unheard Of
competition for wool at shearing time
and consequent high prices, provided
growers do not contract their clips
In the meanwhile. The letter in full
Is as follows:
February 20, 1915.
To the Shareholders:
Eastern markets are quiet on ac-
count Of lack OF supplies. What little
wool remains is being firmly held.
Ohio 5-S's blood has been sold at s6c-
This corresponds to 32c for Territory.
The London sales opened today and
will continue until March 5th. Of
ferings during this series are $4,000
bales. OF which $4,000 bales are Meri-
nor and the balance New Zealand
crossbreds. Gable information so far
received is as follows:
Merinos and fine crossbreds per
cent advance.
Low crossbreds 7 1-2c advance.
Sales have been progressing in both
Melbourne and Sidney. Reports indi-
cate excited general competition with
Merinos from 10 to Is per cent dear
er. American buyers operating but
are storing wool.
1t does seem. however. as II Am
erican wool buyers are having troubles
Of their own. After raising heaven
and earth in order to get permission
to ship wool from Australia and with
three vessels afloat containing some
wool destined for Boston via Vancou-
yer. the Canadian government passes
a war revenue measure and puts an
import tax OF 1-2c on wool (2-3c the
grease pound.)
We are enclosing copies Of two ar
ticles in recent publications. That
from the Daily Trade Record" sup
ports our previous advice that high
prices for wool this spring are justi-
fled by the acute shortage.
The article in the Bradford, Eng
land Wool Record" is interesting as
showing the prices fixed by Germany
December gath last. 1t would be
much more interesting II we knew the
limit that Germany now puts upon
wool as there has been a decided
worldwide increase in values since
the prices were established December
Gath.
We cannot pass on individual offers
but again We beg to repeat that our
judgment is that If woods are not sold
until shearing there will be much
more competition. We believe that
such a situation will exist as has never
taken place in the west before. Eng
land needs medium wools. The few
million pounds offered in the present
sales are a mere bagatelle. England
bought woods in Boston last fall and
who knows but that efforts TO fill
her orders will be made in the west
at shearing? Think what this COM
bination will mean in the way OF COM
petition-Cnited States manufactur-
ers. German manufacturers. English
manufacturers. United States dealers
all after wool
WAREHOUSE & STOR-
AGE COMPANY.
From The Wool Record. Bradford.
England, February 4th. 1915
Wool Values in Germany.
I'VE are able this week to present
our readers with some most interest
ing official particulars respecting
wool values in Germany. Our only
regret is that we cannot give these !
ietails every week, but with the mail |
being disorganized all
,ur information has to come a very |
ircuitous way. However, there is an
evidence that Germany |
S feeling somewhat acutely being de-
'arred from purchasing wool in the
arious markets of the world though
I the same time we are certain that
considerable purchases have been
made in South America during the
asst two months, and undoubtedly
his wool will find its way to Germany
through neutral countries. We are
OF so sanguine as some that Ger.
lany's supplies are entirely cut off.
nd when we are informed from Swe-
en- that Notwithstanding prohibition
ermany has been able to obtain some
Iirly large supplies of cloth. the val
e OF embargoes in neutral Continen-
Il markets does not show up in the
est light. However, that does not
lterest us very largely at the mo-
lent.
I'm the particulars furnished be-
w, the reader will see that the Ger
ian War Wool company is offering
cry tempting values for all raw wool
nd its allied products, the high prices
eing no doubt fixed with the idea
f getting shipments from Continen-
II neutral countries. Furthermore it
an be taken for granted that Ger
lany is not altogether without wool.
ut We understand that the prime
love in fixing such high values for
he raw material is to attract sup
lies from outside countries. We
i've below official particulars Of the
Maximum prices fixed last December
4. these being decided upon by the
3undersrate s. which Is really tha