The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1915-04-03
Wool Market Ia
5 h Boston

| mdrhet IL DO ioho"b'
Figures now available from points
In the west where operations are
possible give point to the reports on
the situation. In Nevada, where
shearing is in progress, 90 cents is
being yefused for good clips, the
growers, demanding % cents -, This
means, a secured cost laid down here
of so to. So cents, When compared
with good Australian merinos, at 6s
to 70 cents for Gas to 7Os the above
figure becomes prohibitive. 1t is not
strange that buyers should seek for
relief elsewhere. Last year these
Nevada woods sold at IL IL to II
cents, the average being somewhere
between these figures. ~
Arizona growers are nearly as un-
reasonable in their views Of the wool
situation as those OF Nevada. They
are refusing to accept any bids Of
eastern wool men, consequently a
large part of the new Arizona woods
las been forwarded on consignment.
According to report growers are SO
involved with the banks that no 9th
er course is available to satisfy the
latter. Returns thus far secured
have been unusually profitable to the
growers this year, but for the mo-
ment a material recession from the
high point is seen. Growers. have
begun to show some anxiety over the
indifference Of most buyers. 1t Is the
wool buyers turn to draw back. In
view Of the dull trade here and the
large importations of foreign, woods
less eagerness to secure the fine wool
territory clip is not surprising.
Also less effort is being made. to
secure even the most desirable med
ium clips. With South American
crossbreds available to the extent
seen during the past week, the medi-
UNI wool situation does not appear
to be nearly So difficult as hitherto
supposed. In addition to liberal
supplies of South American cross
breds, relief Is claimed to have. been
secured in another direction. Amer.
lean manufacturers with large con-
tracts in hand for uniform clothes for
the allies have found It impossible to
get the medium woods needed to
make the goods. This situation has
been put squarely up to the British
authorities, with the result, II is
said, Of securing the release of sew
eral thousand bales Of New Zealand
crossbreds to be used solely in filing
these contracts.
Pulled and Secured Woods
In the local market, spot sales Of
domestic woods have been mainly
confined to pulled and secured grades
with small transfers of fine washed
fieeces. Fairly liberal stocks of B
supers bought at the top OF the re-
cent wave are held by Boston houses
and naturally such holders would be
glad to maintain values. Pullers also
are firm in their ideas, as the season
for the pulling of good stapled woods
Is practically over and little more
will be available before fall =, Some
holders OF eastern B supers are re.
ported to have refused 65 cents for
their wool, though frankly saying that
no doubt others would be willing to
sell for less, One prominent wes-
tern puller Is reported to be very
bullish on the situation as the sea
son for the best woods Is practically
over In his establishment several
weeks earlier than In other years.
On the other hand, demand Is so
slow for such woods that prices are
largely nominal In the lack Of ac-
tual transactions and b supers ap'
parently are dropping slowly to their
proper level, compared with the 9TH
or grades. Some dealers who fol
lowed the market up when the ad-
vance was In progress now md them
selves with good stocks for which
no immediate outlet appears. Some
of these holders are refusing to let
their woods go at any price that buy
ers are willing to pay, hence quota
lions take a wider range than usual.
Eastern pullings are stronger than
western, as usual, though Chicago
pullers are asking fully as mush for
their woods as do the New York men.
Good eastern b supers are quoted at
SO to 81 cents, with some holders re-
fusing to sell at IS cents. Eastern
A supers are quotable at IS to 6S
cents. with extras and fine supers at
81 to 70 cents. c supers at so TO SO
cents and gray pulled at 80 to IS
cents. Chicago A supers are quot
able at GO TO &C cents and Chicago d
supers at SO to Ga cents. Combing
pulled woods are selling on lower