, 1922-05-04

March quotations.. Bradford
wool market May buoyant.
Huge business last 10 days
tops yarns.
The above telegram was received
yesterday by Matthias Staff. presi-
dent of the National Wool Warehouse
and Storage Co.. who has been in
Rawlins several days this week, look
ing over the local wool situation and
comforting with local stockholders in
his company. The telegram was the
first bit Of information from the
opening of tn" great wool markets
OF London and Bradford. England.
and was eagerly came by sheep
men as sOon as 1t was posted in the
three Rawlins banks yesterday after
Oon and it had the effect of ac-
c~entuating the already firm ton"
which has been noticeable among
wool growers for the past fortnight
Wool supply Data
According to figures carefully com
piled by statisticianS in the employ
of the company of which Mr.. Staff is
the head. the estimated supply OF
wool in the hands of manufacturers
and dealers as of January 1. 1922,
is $50 900 900 pounds. while the
estimated production for the year
1922 is thought will not exceed $50.
100000 pounds "a total supply
available for domestic consumption
of 600. OO0. 900 pounds.
The annual consumption of wool
In the United States is normally
around this very figure. 500. 600. 600
pounds. Consequently, according to
this authority. there should be no
wool on hand on January |. 1928.
except that which will have been i'm
ported under, the emergency tariff
now effective. or the permanent
tariff now under consideration by
congress-.
from 300 to $50 million pounds of
wool on the first of each yea so
| that this year we are approximately
100 million pounds below normal.
Fine woods, such as are produced in
! many sections OF the inter-mountain
west, are now extremely scarce. both
at home and abroad, n reason for
this being that Australia, which sup
plies a great proportion Of the fine
wool. is going into the raising Of
lambs on a larger scale. which has
resulted in decreased production Of
fine wool grades.
World Production
The world production Of wool for
1921 was short over 500 million
pounds as compared with the aver
age pre-war production for the five
year period from 1909 to 1913. In
1914 the count of sheep was $40
million. which in 1921 had fallen to
44O million. From these figures it
Is only reasonable to assume that
while present prices for wool and
lambs will naturally stimulate pro-
duction. there will be continued
higher levels in these commodities
for the next three years at least.
The Protective Tariff
The permanent tariff bill as
passed by the House of Representa-
tives provided for a clean content
duty on wool OF 25 cents per pound.
In the Senate this has beer raised to
33 cents without ad valorem r%estric-
lions. In due course the bill will go
to conference and will not finally
become a law for some time. In
the meantime the Fordney emery
ency tariff remains in force and af-
fords ample protection to the Amer
lean wool grower.
Demand for Wool
The demand for any commodity is
dependent upon the buying power OF
the consuming public and that tn"
buying power Of the American peo-
pie Is steadily increasing is reflected
in the average monthly consumption
Of wool since the first Of this year.
Practically every industry shows
marked financial improvement.
Railroads show increased earn
ings; the steel industry. which was
for a long time stagnant. is now OPP |
Grating at 70 per cent OF capacity;
the rise in prices of farm products
has been little short of phenomenal
and has stimulated all lines OF bust
ness, and last, the stock market has
been creeping steadily upward for
months. II
Thus a spirit of optimism should
and does prevail everywhere and the
conclusion is worldwide that the
great economic strength of the
United States Is unimpaired.
Carbon County Sales
Comparatively few clips belonging