Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1918-06-13
Sioux City Live Stock.
WOOL RULE HITS ARGENTINA.
American Regulations Affect euenos
Aires Market Adversely.

Buenos Aires, May 15.-Much I'M
Buenos Aires by the imposition of war
regulations in the United States. which
have resulted in paralyzing the Buenos
Aires wool market. Argentine wool
men believe these measures to be di-
rectly aimed at the Argentine market,
and this belief has been strengthened
by the reports from London that Amer
lean political pressure was the cause of
the British government Selling recent
importations of Argentine wool.
One of the wool bulletins in an April
issue, in commenting on American In
fluences on the local market, says:
ut appears also that England has
had to restrict it's purchases in our
market because Of North American
pressure. The economy Of shipping
space could hardly be motive for the
retirement Of English buyers from our
market, as a sufficient supply OF wool
is just as important to the United
Kingdom as a sufficient supply of leod-
stuffs. On the other hand, such retire.
ment favors the United States. as with
the elimination of Great Britain as a
competitor, the United States Is en-
abled to dominate our wool market
lust as our cereal market Is now domi-
mated by the allies, under the direction
of England.
TN this manner the United States
attempts to reduce the price of our
product to the quotations in North
America, forcing the Argentine pro-
Queer to pay the enormous freights be-
tween here and the American ports.
1t should be explained in connection
with this statement that the price fixed
for woods in the United States Is little
lower than the ruling prices at Buenos
Aires, so that it is impossible to meet
these fixed prices unless the producer
here pays the freight. The bulletin
continues:
1.-The necessities of the United States
are sufficient to absorb our entire out
put at present, and it is easy to under
stand that the new admission Of Ar
gentine woods into Great Britain is not
agreeable to the United States. which
very rightly calculates that this must
contribute to the sustaining OF the price
of Argentine wool. in spite OF the ef-
forts Of America to force them down.
Also, the American wool industry fears
that such direct purchasing OF wool for
England will make it lose some Of the
orders Of manufactured woolens which
the United States mills are now put
ting out in competition with the British
industry.
TT is true, as has been said, that
during the last few months the United
Kingdom has received sufficient wool
to support its industries during the
current year, 5ut these assurances are
not very valuable from a practicable
standpoint, for 1t must be taken into
account that the private consumption
of wool is under very strict govern
ment supervision and that it is sup
Piled only by means Of very small
quantities Of raw material which are
distributed to the various factories by
the government supervisors.
Even tho these contrivances OF the
United States momentarily remove
England as a buyer in our market. this
should not be allowed to induce our
producers to lower their prices. as the
world demand for wool will continue
to be just as great as 1t has been. Our
prices have now arrived at level
which N view Of the world necessities
can not be said to be excessive, nor
should they be an obstacle to unlimited
buying by the United States. We un-
derstand that the United States hopes
to bring about its pressure by remain
ing out of the market, but in the end
our producers will be the stronger and
the great stocks Of wool now on hand
can be sold sooner or later without any
lowering in prices.