The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1915-04-24
The Wool Mark.
ct In Boston

The latest from the Boston wool
market is as follows:
Some recession of values Is noted
in the wool market, but no more than
was to be expected under existing
foreign woods in the latter part OF
conditions. Heavy importations OF
foreign woods in the latter part of
March relieved the tension, making
both manufacturers and dealers in
| dependent of the western wool grow
ers. Most of the business Of the
past week has been the receiving OF
| lots of foreign woods previously
bought. Consequently comparative
ly little new business has developed.
Further arrivals of Australian wool
are due this week, in addition to
those coming steadily by rail from
the Pacific coast. Shearing is in
creasing slowly in the west, but deal
ers are buying scarcely anything.
Growers have modified their demands
materially, but not enough yet to
meet the views OF buyers.
Foreigns Arrive
Recent arrivals of foreign woods
have cleared the way for manufactur.
ers to 60 forward in confidence to
prepare their sample lines for next
spring. They need an ample supply
of wool at staple prices, which is as
sured from the large volume of wool
already purchased in Australia and
South America. This will help to
equalize values, while assuring
steady supply. Foreign woods are
likely to be used more freely in sam
pies than for some time. Quality and
condition considered, imported woods
offer the best value obtainable in the
market today. Though most of the
recent importations Of South Ameri-
can woods have gone direct to mills,
and most of the Australian stock soon
to arrive via the Panama canal is
to go likewise to mills yet dealers are
getting some good lots of Australian
merinos via San Francisco and Van
couver..
Already this dwelling is in effect
throughout the sections of the far
west where shearing is in progress.
In central and southern Utah, as we'll
as Nevada, something has been &C
complished in the way Of taking off
the new clip. In these sections,
growers are holding their new woods
at % to 20 cents for fine and 25 to 26
cents for medium clips. Buyers are
refusing to pay these prices, conse-
quently little is being done. 1t seems
to be accepted that much OF the new
clip will be consigned this year. 1t
is expected that the growers will
prefer to consign rather than make
so radical change in their attitude
as would be indicated by genuine
effort to meet the price views Of
dealers.
Some well known clips have been
consigned to eastern parties. A fur
| ehN' ho'Nhthl III tiio uhNStioh 10
likely, especially in view of the guar
Nantees, expressed or implied, regard
ing the returns that can be secured.
Washington growers are shearing, es-
pecially in the Yakima valley where
about half million pounds of wool
have been secured by the buyer for
leading mill. Prices paid are said
to have been on the basis of "a to
26 cents for medium and 10 to 20
cents for fine clips. Most Of the pur-
chases have been medium woods, the
early shorn woods being already well
absorbed. Something also has been
done In southern California in the
newly shorn woods, some short sta
pied IL months having been taken by
mill buyers on the basis of 20 cents
clean landed here.
Shearing is under way in some Sec
lions of Colorado, Arizona and New
Mexico, but eastern dealers are show
ing an unexpected indifference. This
Is mainly due to the current quota
lions on the Australian merinos now
appearing so freely. For the best
fine comblng merinos, current quota
tons mean a secured cost of 6S to
~ cents; good combing. Go to 6S
cents, with inferior and defective
woods running down as low as So to
60 cents Both greasy Capes and
Australian merinos are being sam
pied freely and fair amount moved
to manufacturers account. Best Cape
woods are being sold at So to 6S cents
with average woods at 6S to 65 cents.
Secured Australians are quotable at
60 to &c cents, At these figures they
compare very favorably with any,
thing that can ha p,oda from, dor,o,