The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1920-11-18
WOOL MARKET NOT LOWEST
LEVEL, THINK DEALERS;
MILLIONS ON HAND
Present World Wool Situation Sheep Specialist
of University of Idaho; Reports Show 3,150;0O0OOO
Pounds in Storage Mills Shut Down.

Boise, Idaho, Nov 16.-How the
present world wool situation has
grown out of the war, together with
figures on world supplies and their
distribution, are explained i'm state
ment by r. B. Millin. sheep specialist
of the University of Idaho extension
division, as follows:
For four years all the worlds
available shipping was used in the
transportation of army supplies Ma
terials not absolutely needed were al
lowed to accumulate in producing
countries. Thus considerable of wool
not absolutely needed for war purposes
accumulated in producing countries
distant from the scenes Of conflict.
Shipping for it's removal in large
amounts to manufacturing centers was
not available until this spring. The
dumping of this surplus on the worlds
markets and the worlds financial
troubles caused slump in the wool
market in May that has continued un-
til the present time. How big this
surplus is and its effects are things
of deep interest to all sheep men.
The Market Reporter Omitted States
Bureau of Markets) of October
gave the estimates Of the surplus wool
in the principal exporting countries
expressed in terms Of grease wool on
September / as follows:
In thousands of pounds, lie, 600 omitted
Australia, fine 16,500; medium, 214,-
500; low, 19s,000; total, $4,000.
New Zealand, fine, 14,276; medium,
96,758; low, 47,5S6; total 15S,620.
Argentina. fine, 27,5Ss; medium A.
1886; low 206,6S1 total 275,575.
Uruguay, fine, 5000; medium, 1900
low, 19,500; total 10000.
South Africa, fine, 1900; medium
36,93S; low, 1880; total 57,1Ss
Totals, fine, 62,S43; medium, 397,
032; low, 490,517; total, 950,2S3.
/ The same authority states that OF
August l there was on hand in the
United States, over 100000, 900 pounds
of wool. The 1920 clip in the southern
hemisphere which came off in Octob
er is expected to add 1,500, 0,000,00t
pounds to those previously mentioned
Thus, except for what is MANUFACTURED
between September l and Novembr
there was to be on hand on November
l about 3,150,000,000 pounds of wool
Fine woods were the ones most il
demand during the war and according
ly were used up, while the coarse woods
were held in the warehouses of th'
producing countries. As result, tn,
September 1 surplus in the countries
of the southern hemisphere is large
ly coarse and medium in grades. This
in part, accounts for the strength
shown in fine wool prices when com
pared with those of lower grades. O
the 950,3S3, 900 pounds accounted TO
in the previous table, only 6.6 per cen
is fine. Low grade woods compose 51.t
per cent of the total, and mediums
the remaining Ais per cent. 1t is no
expected that this falls clip will show
as small a percentage Of fine wool al
this surplus 1t will, however, b.
smaller than normal due to the los
of 100000 sheep, mostly Merinos
by drouth in Australia, and increases
in New Zealand, Argentinian and Uru
guian fiocks which produce, for Nth
most part. medium and low grad
woods. The markets of the world cal
readily absorb all the fine wool beins
produced and so it is probable tina
until the large surplus of medium ant
low grade woods is disposed of tina
fine wools will continue to command
premium and be most easily sold.