The Sun. [volume] (Price, Utah) 1915-1932, 1916-05-19

found a quick response In the West.
Recent purchases Of wool In wyo-
ming and Idaho have been made on n
scale much larger than hitherto re.
ported Values east and west are
fully sustained. though II is difficult
to see how dealers under present con.
ditions will be- able To- get now dol
lar for an old one. There ~ much
talk A. a. what attitude Great Bri-
tain viii take on the question Of al
lowing Americans 60 buy wool this
year IN Australasia. u is generally
figured that prices In the domestic
market depend largely upon this fac
tor The wool market II In a delicate
30, itiun. with much speculative activ-
ity likely
Sales tor tie week. are estimated az
four To- live million pounds. including
transfers late the previous week of
territory woods not covered In the fig
ures TOT that period. Most OF the re-
cent buying of territory In this mar
ket Ia credited Co leading mill In.
tercst. Its buyers are said Co have
found u possible Co get choice old
wool In this market az a lower figure
than was prevailing In the West. Yet
the same interest has bought more
wool from growers during the week
than heretofore. Recent transfers
here have not exhausted stocks of old
wool. but have gone far In that dircc.
ton. The leading warehouse interest
has succeeded In disposinR of the
larger portion Of its better woods. and
nc prices said o. be eminentiy salts
factory Ca confignors.
Most of the recent activity In tho
West has been In Eastern Idaho and
Wyoming. In the latter state. some
thing like two million pounds have
been taken by Eastern buyers during
the past week. at prices ranging from
20 cents for fine 10 32h cents for me-
dunn clips. The range for the latter
IL 30 60 32h cents. Some of the
woods bought In Wyoming and Idaho
are estimated to show u clean landed
cost OF 40 to ~ cents In Central and
Eastern Idaho prices have run up TO
about thirty cents Tor medium clips.
In Western Idaho. buyers continue "a
nay 20 cents for the best fine clips
and 30 cents for medium. though
some have been secured Tor less. one
buyer has taken something like a
million pounds In Washington during
the week. paying from 10 To- ~ cents
therefor.
Southern Utah. Nevada and Arlzo-
m report shcaring e. be- well along
and the new wool being shipped ~
rapidly as possible. Traffic condi-
tons are greatly improved. Wool
houses her" now are nbl. % get ship
mcnts from the West without the eN-
aspcrating delays noted In the early
months 81 the year. Shcnring h well
H..
either accommodating OF being shipped
east on consignment Prices Tor the
new clip are not yot established. OPP
eratlonF In the California field are
moderate In volume. Local buyers
there are paying ~ Co 20 cents Tor
the best fine cight-months wool aud
~ Ia - cents Tor twelve months. Al
strong tone n noted In ohio aud Mi
chlgan. Concessions can M longer he
obtained. most growers standing
firmly Tor 30 cents Tor fine aud 30
cents Tor medium clips In fact ru-
mors are afloat that these quotations
have been exceeded for some choice
clips, BASED on the recent transfers
VI old wool IN this market. such fig
ures ate not very attractive o. the
Eastern buyer. ~ pcrchnncc he l.
obliged 60 carry the wool bought for
a year as has ius, happened, IL will
take close figuring to make any prof
II. Sales have been made In this
market during the past fortnight at
Figures whlch bareT pas lhe seller
and hs agent In th, Wee; o commits
sion. The woods now being bought In
ohio must bc sold on level far
higher than anything touched during
the SEASON just closing.
Notwithstanding an uncertainties of
the situation. no ln,k ~ courage l.
found IN the trade. A. one dealer
said. when hid low price for a lot of
choice wool. This n not slaughter
house. IL b. wool store" This fairly,
u somcW hat ourtly. represents the at
titude ut the wool trade today, IL h
believed. After the dun period In tho
early part eft April q disposition was
shown hN some holders Ca solicit bids
slightly below ti,c previous lrycL
Luckily toe them buyers were not
ready tu upriut, freely and the up-
poTtunitN Was passed. The recent
heavy Transfers have changed THE
sentiment. aud Now holders are not
willing to sacrifice amy desirable lots
OF wool.
one leading house has distributed
considerable half hiuud and clothing
territory wool Good half blood clips
have brought nap tp So cents, secured
basis. while Zine woods have brought
up 10 20 cents ana fine medium, 20 To.
70 cents. uther sales of old wool in
clude three hundred bags of half
blood Utah. ON the basis uf "a cents
clean and 100000 pounds of original
Montana az private terms, hut esti-
mated tu show clean cost of 20 Co
so cents Not very much has yet been
done In the new ritory woods. Sell
ers ate exceedingly reticent In regard
TO what Is being paid for them. One
transfer at a hundred thousand
pounds .ew Arizona wool In the ORR
ginal bags Is noted, at private terms.
All the new woods thus Tar sampled
are of good appearance, with light
shrinkage. though the difference be-
tween the clip Of this and last season
Is not enough Ia cOunterbalance the
increased cost.
Secured values are firm ON the re-
vised basis noted a week ago, Fine