Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-07-10
WOOL PRICE STRONG;
j. s. MILLS BID ON
LIVERPOOL MARKET
Anticipated Shortage of Raw
Material Sends Buyers
to Europe.
Special to The Tribune.

special to The Tribune.
Helena, July 9.-The end Of July
found the Boston wool market as fund
amentally strong as it was a month ago.
with prices holding firm and confidence
prevailing throughout the trade, says a
report from the Boston bureau OF the
Daily News Record of New York. June.
tor the most part, was quiet, but this
was a ~seasonable dullness. Consider
able wool changed hands during the
month. in spite of the hull, some going
into other dealers hands and some to
the mills. Some of the more skeptical
have been inclined to characterize the
tendency to sell as a weakness, but the
fact that prices have been maintained,
and buying is still going on in the west
at prices which show but little change.
are convincing indications for the gen
eral run of the trade that the market
is fundamentally sound. The average
price of wool has advanced from 40
cents q pound last October to above 20
cents in June, an increase of owe IS
per ZEN for that period. Comparative
analysis of the situation here reveals
nothing which points to a reduction in
the immediate future.
Another report of significance to
western growers. said II. RI. Plgott,
secretary Of the Montana Wool Grow
ers' association. is found in the June
statistical of the wool indus
try issued by the Merchants National
Bank of Boston. The recent East In
dia sales at Liverpool registered adj
vances of ) to 10 per cent for the
choicer woods, this report shows. and
this was due largely to American par
ticipation in the bidding. In view of
a short wool production in this country
this wear, it is conservatiyely estimated
that America must import 3OO.ODD.O0O
pounds to meet milling demands. The
advance in London during the last three
weeks of June. the banks report goes
on to show. has been IS TO 33 1-3 per
cent when expressed in English pence.
but when converted into American
money it has totalled 80 to go per cent.
An official report shows an unusual
" small amount of wool in bond at the
beginning of June. this year. as follows
in pounds:
Clothing wool. ~o4.41s.5622; combing.
20. Si3. 545; noils, 67,OS3: mohair and
alpaca. 1.504.632: tops. 22S,3l3; wool
yarns. 635,34S.
4 pool of 1000 pounds at Coke
vile. Wyo., offered on July 1. was with
drawn when only 80 cents was offered
as the top price. This wool consisted
of medium and lower grades.
a letter from the National Bank of
Commerce at Boston, commenting on
the wool situation. stated that the Bos-
ton price in June. cleaned wool basis.
was S1.45 a pound for Ohio fine de-
Iaine. an increase OF 43 cents over the
January price. and for Ohio quarter
blood. IS cents, a. increase of % cents
over January.
In a Salt Lake report on the western
situation. dated recently. to the Daily
News Record. il was stated that The
temporary tariff helped the ~sheepmen
Il great deal. as it went far towards
doubling the price of wool. and if the
present tariff bill is passed. ii is esti-
mated that it will add 10 cents a pound
to the price of wool
The present paid-up membership of
the United Textile Workers is 10000.
as against $1,000 last year and 104, 900
two years ago.