Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-06-29
Lu|I in Buying Of Montana I
Wool Called Ruse to Scare
Grower; Tariff Mess Figures
Purchasers Point to Revenue Question in Hope of
Frightening Producers, Association Warns;
Price Largely Determined by Supply and De-
mand, Say Leading Men in Wool Trade.

mills to get wool. to obtain the highest
prices for their woods"
Continuing, the circular of the Mon
tana Wool Growers association reads:
1T is significant that the views so
frequently expressed by the officers of
your association while the wool was
still in the hands of the growers are
now expressed in almost the same
identical language by Boston dealers
after a large proportion of the domestic
wool clip has passed into the hands of
the dealers.
I'm the meantime prices in the BOs-
ton market have advanced with more
or less regularity for several months
past. The following quotations at this
time may be considered reliable:
Territory wool. secured basis, S1.35
M1.4O; y blood staple, $1.15G1.20;
* blood staple. 9OMH cents; 4
blood staple. DMS0 cents; fine and
medium clothing, $1.10M1.2O; French
combing, $1.20M125.
THE Montana flock-masters who
still have in their possession this sea-
sons clip. in summing up the situation
should take into account the fact that
prior to the receipt of this seasons
clip the stocks held by dealers in Bos-
ttIl anu ctHti ulStl ibu'ihE tNhtNiS WIZ
lower than at any other time within
the history Of the wool trade. In fact
they were almost entirely depleted.
On top of this condition comes the
reliable report that a considerable
portion Of this years purchases were
taken over by the mills prior to shear
ing or while the wool was enroute.
In consequence of this we learn that
very little grading is being done in fine
woods. all fairly choice lots moving
readily in the original bags. This
would further tend to show that The
demand is far greater than the avail
able supply.
I'm all the fleece wool section the
activity is very pronounced and Ohio
fleeces are selling at from so to 80
cents in small lots. Medium woods are
bringing from 40 to II cents. In
Michigan IS to 30 cents is being paid
for fine clips and Al to 43 cents for
medium. In Texas where the wool
growers are thoroughly organized and
have control 70 their own business.
weekly auctions are continuing to bring
brought ~ to 45& cents for eight
months wool while SO to 1875 cents
was paid for T. months wool. These
prices are said to be from two to five
cents in excess Of prices paid for wool
on sleeps back, again illustrating the
fallacy of contracting wool prior to
shearing.
1T is true that in foreign markets
prices have receded slightly. but it
should be considered that midsummer
always tends to lessen activity in wool
distributing centers. American par
~ticipation in bidding in foreign sales.
which must ultimately manifest Itself,
will in due course be reflected in ad-
v~ancing prices.
While no one can forecast at this
time when the permanent tariff will
finally become a law it is the judg-
ment of your officers that the uncer-
tainty as to its passage has been over
played by the buyers and that pur-
chases of wool nave been made on the
basis of the rates generally agreed
upon for the permanent tariff meas
ure. As expressed by Mr.. Elliott, ii is
more a question of supply and demand
The fine woods being extremely scarce
will continue to be in strong demand
and this must of necessity result in
increasing demand for medium woods.
The association has renewed its
last years contract with the National
Wool Warehouse and Storage company
of Chicago for handling the wool of it's
members shipped through the associa |
ton. and Montana growers who are not
members may avail themselves of the
services Of the warehouse on the same
terms accorded To Members