The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1915-02-23
WOOL MARKET
IN BOSTON

~Ohsahuub idIsciy IN pull
ed woods and medium fieeces and ter
ritory grades, but broadening OF
demand to include the finer grades
Is noted, undoubtedly due to the ia II
that the embargo has threatened to
create famine In such woods. While
1t is exceedingly difficult to get a
line on the actual quotations in such
a market, advances of to 5 cents
per secured pound have been estab.
lished in extreme eases. II Is con.
sentative to say that the whole mar
ket is to 3 cents a pound higher
now than a week ago. This does
not take into account the extreme
prices demanded by some wool hous-
es for their recent purchases. They
are asking prices which have not yet
been established by actual sales.
According to experts, there is not
wool enough in the world to supply
army needs, to say nothing Of the
b normal consumption. which continues
with only slight degree Of diminu.
ton. Attention Is called anew to
the worlds experience in wool dur
ing and after the Franco German war
of 1901. For the decade ending
in 1871 the high point for fine
woods in this country was 81 .O3 a
pound; for medium and coarse grades
81 a pound. That war was followed
by a season of prosperity for the
French mills and the demand thus
created carried values to abnormal
figures. Many members of the wool
trade are looking for a practical re-
petition OF that experience. The ire
mendous waste now going on is de-
pended upon to create a shortage In
the wool supply that will keep values
high for a long time.
German Buyers Active
Germany is eager for wool. She is
willing to pay any price for what she
needs to equip her soldiers. AS Great
Britain controls the bulk of the
worlds supply, Germany must look
to Argentine and the United States
as possible sources of supply. 1t is
this which led to the shipment of the
big cargo Of wool on the steamer j.
l.. Luckenbach the other day, con-
sidered the direct cause of the latest
action by the Australian authorities.
From the traders standpoint, it
would seem like "eute" trick to
sell the domestic clip to Germany
and then turn to Australia for wool
with which to make up the deficien.
.cy.
German buyers have been active
in this market during the excite.
ment of the past few days, though
they have not contributed material
ly to the tremendous advance in
values. Some lull in the speculation
followed Mondays press dispatches,
announcing that the embargo had
been lifted again, but this was only |
temporary. Houses with Australian
or who have buyers on |
the spot, were unable to confirm the
statement. Cablegrams received un.
der date Of February 10 report no
change In the situation. A part Of
them state definitely that the EN-.
barge Is still in force. The question
open between the Austria
liam authorities and the American
buyers seems to be what action
should be taken regarding the wool
bought during the period while the
embargo was lifted, especially that
purchased from February 1 to 4.
All supers High
In connection with the speculation
here in pulled woods, eastern b SUI
pers have been sold at "a IL cents
IS cents and 66 cents. The current
quotation is "a to 81 cents. Some
holders are refusing to sell, even at
these figures, demanding 6s to 70
cents. Eastern extras and A supers
are now quoted at SO to So cents with
fine A supers at 65 to 67 cents and
c supers at SO to So cents. The posi-
ton Of Chicago pulled woods appar-
emily is more highly speculative than
that OF the better eastern pullings.
Speculative holders are asking 66
cents for their Chicago BIS and In a
few eases are said to have refused
s. cents. Based on what has actu-
ally been paid for these woods by
they cannot be quot
3D. at over go to SO cents for Chica.
20 A supers and 62 to Ga cents for