, 1921-12-01
WOOL PROS
". ". DALEY, SECRETARY OF THE
CARBON COUNTY N0OLGR0WERS
ASSOCIATION, IS VERY OPTIC.
MYSTIC over WOOL
PR0SPECRS

w. w. Daley, secretary OF the
Carbon County Wool Growers Asso-
citation, who has given careful study
to the conditions in the wool trade
in al interview today stated that
considerable activity existed in the
wool trade and that a speculative
demand has recently developed which
bids fair to bring about much more
satisfactory prices on the 1922 clip.
The consumption of wool by the
American mills is unusually heavy,
and most of the mills are working
night and day. Some mills special
izing in blankets, women's sport
| goods and overcoating" are reported
to have sold their products for
months in advance. This is but the
natural consequence of the condi-
tons brought about by the buyers
strike, which lasted for nearly two
years.
Mr.. Daley. who is also a director
of the National Wool Warehouse &
Storage Company Of Chicago. stated
this growers selling agency Is pro-
crossing very nicely with the sale OF
| its wool and that 1t fully expects to
have disposed of all its holdings by
or shortly after the first Of the year.
All indications point to a shortage
OF the finer woods the coming year.
This will create in due course a
strong demand for medium woods. In
the meantime the demand for blank
cts, sweaters, and other women's ap-
parel has created an outlet for the
lower grades. which not one had
anticipated during the early part of
1921.
Statistics. according to Mr.. Daley.
will prove that the carry-over from
the present season will not be above
normal. He also stated that accord
ing to reliable reports the speculat-
i've interests have disposed OF their
holdings to a very large extent and
are now preparing to contract for the
1922 wool clip on the Sleeps back.
He believes in view Of the protection
afforded under the present tariff and
the shortage of wool, which is de-
| %veloping, that no one in position to
hold his wool should fall for these
offers. This is a time in his opinion
when the wool grower will need
every dollar that is in his product
and that he cannot afford to sacri-
flee the prospect of much better
prices for temporary relief in the
| form of a small advance on his COM
ing clip, at this time.
Steps are being taken in all the
other western states to finance the
live stock men in order that they may
not be forced to sacrifice their woods
and other products to the %speculat-
i've interests.
Like steps are now being taken to
| protect the live stock interests of
Wyoming and he vas strongly Of the
opinion that any wool grower, who
shows a disposition at this time to
sacrifice his interests lacks good
business judgment. In nearly every
instance in recent years, woods either
sold or contracted on the sleeps
back has proven to be a very disap-
pointing transaction for the wool
| grower.
The ~carry-over Of 1920 to 1921
was reported to be about one billion
pounds to which should be added the
wool production of 1921, amounting
to approximately two hundred sixty
FIVE million pounds. This large
estimate OF wool on hand was effect
lively used last season to force down
prices on wool. but cannot be used
on the 1922 clip.
The consumption of wool in this
country has gradually increased from
a small tonnage in January to ap-
proximately sixty-five million pounds
in October with a result that the
carry-over of 1921 to 1922 will be
only about normal or in the neigh
borhood Of three hundred fifty mil
lion pounds.