The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1916-06-15
WOOL UP TO 32c SAYS Bt..l.

ii
| the latest sales in Montana have
been as high as 80 cents the pound,
Here is the wool story from the last
issue:
Response to the news on Monday
OF the rcimposition of the embargo
on all wool shipments from Aus
tralia to ali destinations was almost
instantaneous in the local market.
iioiaers advanced their woods from
Wo TO i've cents secured pound
I'at the extreme asking price has
been obtained in few instances Ad-
St'hees Oh cent and two cents q
secured pound, however, have not
hcen uncommon and some sa1es have
been effected at three or four cents
advance.
THE significance of the embargo
in the form in which it was first an
nounced, that is, refusing shipment
to all destinations, was felt to be
very strong and especially in con-
junction with the British govern
ment census of wool supplies in the
! United Kingdom, which began on
Monday. The scope of the embargo
at the present moment seems to
ne not fully determined. After the
first announcement, the selling
brokers in Australia demurred as
sorting that they were being pen
allied too heavily for having their
market curtailed simply to buyers
from England and the government
then agreed to allow shipments to
Japan, whereupon Russian and
French buyers protested, declaring
that this action Disseminated
| against them. Finally the brokers
in Brisbane, after postponing the
auction for two days, until Wednes-
day, decided to postpone the sales
still further. and at this writing, it
is expected that Brisbane woods will
be valued at Brisbane and the lists
VIII be put up at Sidney on Wednes-
day and Thursday, next. in which
event, the Sydney sales will follow a
week later. Our cabled advices from
London state that Freshfelds is
making representations in favor OF
American competition at the sales
with little or no prospects hat we
Will be allowd to ship if our E,uvers
should operate.
me buying during the past week
mere has been both of a Speculative
ana OF regular nature. Manufac-
tuTers have been WATCHING the mar
het more or less closely and have
bought some wool, principally for
elsn and fine woods and secured lots.
lhere was no hesitation shown in
approving any lots that were under
approval from Saturday to the first
OF the week. When Monday came,
those lots were taken without de-
muir. Since the holiday on Tuesday,
some houses have experienced less
keenness in the situation. but the
market has remained very firm and
there seems to be little likelihood
That values will recede much, if any
Sales OF the week have amounted
probably to some three million
pounds all told.
Western Buying isrisker
buying in the west has become.
II anything, little brisker this week
and in the territory section limits
appear to have been advanced a lit-
tie. 1t is estimated that there has
passed from first hands about so
TO 90 per cent OF the territory clip
up to the present time. Buying has
started in New Mexico with fine and
me medium woods costing about 7S
to 80 cents, clean landed here. There
mas been considerable wool sold in
wyoming and some in Montana at
81 and 80 cents for medium woods
and about 25 to 81 cents for the bet
ter fine and fine medium clips. Close
to so cents is being paid for fine
clips in Oregon and staple and half
blooded clips are figuring more.
Buying has been fairly steady in
Idaho and Soda Springs section at
the parity OF prices ruling elsewhere.
In Texas little has yet ben done
Fleece woods are moving moder-
ately at full recent rates. I'm
washed fine woods have started at ar
ound 30 cents talthough some little
wool has been bought at 2S and 20
cents). Some wool containing a
large percentage of deaine has been
taken at 81 cents.
For medium woods the market has
held steady at 80 cnts for average
clips and SO cents and occasionally
81 cents for the best light shrinkage
woods. The foregoing prices are
prevalent principally in Ohio. Penn
sylyania, Michigan and New York,
with Missouri about a cent lower
while Kentucky and Virginia for the
highest shrinkage medium woods 4 0
and Al cents has been paid.
The Manufacturing Situation
The situation at the mills is hard
~ changed. Manufacturers are
grinding up very large amount of
wool. Repeat orders are not pro-
getting his price for every yard of
goods he sells today and many of
them are still sold ahead for several
months, in fact most of them are
sold for deliveries we'll up into the
fall
Splnners and combers have natur-
all been dispose dto follow the stiff
ening in the wool market due to the
embargo news but the market with
them has been rather unsettled and
doubtless sales have been held up
more or less by the advanced asking
prices so that no advances appear
to have been made in yarns and the
situation in the top market is much
the cana in vor,,o