East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-04-27
Prices Higher in
Northwest Centers

PORTLAND, Ore, April 21.-That
the price of wool is likely to follow
the sensational advances recently
scored by the mohair market in this
state, is the opinion expressed by some
OF the leaders OF the trade here, but
not for publication.
As high as S2c a pound is being Of
fered in a limited way even at this
time for course woods in the VILLA.
mette valley with offers for medium
at s1c and fine at 90c a pound. These
are the highest quotations ever
known here since pioneer days, and
were then in effect for but short
period.
The sensational advances in mo-
hair values. together with the extreme
shortage Of supplies Of this fleece. are
expected to force some OF the mohaif
users into the wool market and this,
together with the already known
shortage in the latter is expected to
force some sensational tactics in
values.
These facts were published some
months ago by The Journal in an ef-
fort 10 restrain northwest woolmen
from giving their fleece away at low
price contracts. That the agitation
was successful is indicated by the
many letters received from grateful
sheen interests who have been saved
much money as a result Of being post.
ed on worlds market conditions.
A late Boston mail advice says:
Moderate trading in wool has been
observed during the past week, with
figures practically unchanged. Nor
has there been any prospect Of let-up
in prices. Demand is mainly for the
moment, in the line of foreign clips,
although a fair amount is beginning
to move in the middle west and Bos'
ton receivers are not looking for rap
i'd transit for the new clips from the
growing sections.
shearing at all producing points Is
proceeding with little delay. however,
and most of the stock that is coming
to hand appears of good condition. A
large portion Of the new wool is light
In weight and OF fairly good texture.
Good quality clips are the rule in
the southeastern section Of the coun-
\ try. Nevada, Utah and Arizona es-
recially, reporting excellent supplies
that bring satisfactory receipts. Fur
ther north the new clips are not as yet
showing up so good in quality, but give
promise of reaching higher grade as
the season progresses.
On every hand prices are upheld
Very firmly. The progress is not rapid
ii; character. however, from the west
to the eastern .seaboard, inasmuch as
there is somewhat of deadlock still
over the question of prices at produc.
ing points.
Not only is the price of new sup
plies strongly held, but mill products
partage Of the same strong charac-
ter and all orders and recorders COM
mand high prices New calls for
heavyweights are not extremely large
in volume, so that renewals in heavy
weight lines indicate a more limited
range
At the London auction sales there
is enough competition on merinos to
advance values about per cent and
on crossbreds to maintain them at the
opening level. Pulled stock for blan-
kets is also quoted penny higher
American buyers, nevertheless, are not
operating freely in London at this
, series.
It is noticeable that there is a well
, sustained advance in the quotations
! on duplicate heavyweight goods for
mems wear for the fall. A large per-
/ oentage Of the recorder business that
! is offered cannot be accepted. Ir
} dress goods there is a somewhat sim
. liar state Of affairs, although recorders
in this line are less urgent.