New-York tribune., 1919-08-01
fine Wool Scarcity
Increases Use of
Lower Qualities
Boston Dealers Expect to
Get Large Lot of the Aus
tralian Fleece Rejected
by the War Department
Business Meas Bureau
.SDcciai Correspoudrnco

RosTON, July 3l.-Demand for the
,,usr or coarser grades of wool is be-
wing more and more insistcnt on the
osrt Of the mills as the fine woods
Ss.on,e scarcer and the price advances
n some cases more than 81 pound
inr Ohio delaines, one of the standard
somestie grades, is asked A few Of
,bs country dealers are holding de-
lsines at so cents pound in the grease
end they will probably get their price
4 they hold them long enough, accord
inc to some in the trade.
Certain members of the wool trade
are inclined to think that the $4,000
bsles of fine Australian wool which the
manufacturers are trying to secure
rom England will be Forthcoming.
These are the wools which were re-
.c.ed by the War Department several
months ago, on the ground that they
you'd not be needed. 1t is felt that
Great Britain will be willing to sell
Them because it would help to raise
tAe rate OF sterling exchange. If they
are sent to this country the woods prob
shlv will be sold at auction, with Frank
Windeler. who conducted the sales here
in lglS, as auctioneer.
Views on Prices Differ
While most members Of the trade
believe that the price of wool will stay
high for long period, few
feel that it will not. A member of
the Boston wool trade recently received
letter from a European correspondent
who expects that with the large i'm
oortation Of colonial wool the stock
Of raw wool in Britain will be heavy
in a few months, and consequently
cheaper. Worked wool, tops, yarn. etc,
on the contrary, will bring higher
prices on account of the lack of ma
chinery and the great demand for man
ufsctured goods. For similar reasons,
it is predicted that the United States,
shut out from bidding at the last series
of London sales, will be welcome at the
next series in September and October.
Cables from South America state
that offerings are strong, with the Ger
mans still buying and competition
keen An order for 100000 pounds of
South American woods was recently re-
eeived by an importer in the United
States. A 100, 0,O0O-pound lot recently
sold at prices higher than those OF the
previous week.
Cargo Leaves Buenos Ayres
The Charles Barnett Company, of
Boston and South America, has re-
ceiyed q cable that the Edward Peirce
has completed loading at Buenos
Ayres and is ready to leave with q
cargo for Boston This company IS
buildins a new warehouse, with grad
ing and packing facilities, close to the
central market of Buenos Ayres, which,
when completed. Will have a capacity OF
100000 pounds of wool year. 1t
VIII cover an acre Of land.
The South African market was never
SO bare of good combing Cape woods
for use in making worsteds, it is re-
ported Several steamers are on the
way to this country from South Africa.
Prices are firm.
Carpet wools, both for carpet and
woollen purposes, are in good demand.
in China woods the market is particu
larly strong, and recipients of cables
say that they cannot induce exporters
to make any concessions. The primary
markets are higher than the current
prices in the United States. Both
washed white China wools and long
grays are scarce and are in demand for
use in making blankets and overcoat-
ings. Representative from this coun-
try show little interest in South Amer
ican carpet woods, according to the
trade