Norwich bulletin., 1920-07-31
WOOL GROWERS MUST WATT
 FOR BETTER MARKET TIM

Wool growers will have to face the sit- nation of holding their clip for brighter days in the mafAet is the conclusion ex- pressed by A. G. Skinner. sheep special at Storrs Agricultural college in summary of the wool situation. In the farm Serviee-New published by the college he says: & d
 The following summary of the present wool situation has been prepared by A. G. Skinner, Skinner sheep specialist for the Extension Service
 '1The wool market of the country has been experiencing surprising fluctuations since the middle of May. The unsettled condition in the market and wooh trade generally, the withdrawal of the usual buyers and the practical stoppage of the wool market Nhas caused a temporary hardship over the country for sheep men
 During 1919, wool was placed on the market at from 50 cents to $1 per pound according to the grade. This season, due to the temporary interruption of the wool trade, wool cannot be sold except at a loss to the grower. Newspapers and wool buyers are talking 20-cent wool, which is absurd. If wool is bought at this price it will be held in storage un- til the market opens and probably sold at from 50 to 80 cents per pound.
 What is the cause of this situat ton :? The condition resulted from several causes.
 First the buying public backed up on the high prices of clothes and woolen goods. For the past four years the mills have been operating on a full pro- duction basis and the price of woolen goods has gradually risen until the sit nation reached has hapDend in the silk industry and may happen in other lines of industry in the near future.
 When the public stopped buying, the reaction affected the manufacturer. The clqthiers, iobbers and wholesalers can celled their orders with the mills. In some cases this cancellation was as high as 90 per cent The result is that the manufacturers are loaded up with goods they cannot move; hence their hard ship is as real as that of the wool grow CT. One mill in Connecticut has s1,- o00OO0 worth of cloth in it's store rooms which it will have to carry until trade opens. During this month 80 per cent. of the mills in the east will close for an indefinite period.
 With their shipping rooms full of manufactured goods and facing a shut down, the manufacturers are naturally not buying wool from the wool houses in Summer street, Boston. The wool bus mess houses have done little or no bus mess with the mills during the past three months. Money stringency due to the ef- fort made by the banks to check spacu- lation, has caused Summer street wool merchants to bring their buyers in from the field, leaving the wool grower high and dry with this years clip on his hands. This is an unusual circumstance IS the wool trade has previously financed the wool at the time of shearing for a period of from four to six months or longer. This year they failed to secure enough credit to do their usual buying in the field.
 "The difficult transportation facilities and the general unsettled feeling re- earding the British policy in handling the wool clip of the British Empire are a1so factors affecting the general situa- tion.
 What is to be the solution of this