The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1923-03-01
BIG PROFITS ON
WOODS LOOMING
NEVADA GROWERS POSITION
is STRONG AS THE SEA-
SON APPROACHES

With half a dozen or more 1ac-
tors in their favor with the ap-
proach of shearing time, Nevada
wool growers are faced by an out
loook more optimistic than has been
the case in years, it is gathered
from statement issued by Vernon
Metcalf, secretary of the Nevada
Land and Livestock association,
which fosters this great industry
in this state.
Favorable factors to which he
calls attention are:
Opening of market for manu-
featured woolens, fall delivery,
1850 to 16 per cent higher than
last season.
Wool consumption, 1922, more
than 20 per cent higher, at S03,.
100000 pounds; fine wool con-
sumption greater than was usual
in two years.
Steel, building, credit and rail-
road conditions on sharp upgrade.
Foreign markets all favor grow
ers here.
Metcalfs Statement
Secretary Metcalf's statement fol-
lows:
"As usual at this time of
year, attempting to guess the wool
market is one of the popular pas
times, and the usual flood of propa-
ganda is being sent broadcast by
eastern concerns closely allied with
wool-buying and manufacturing in
terests.
Growers in all sections of the
west are optimistic as to the out
look. All the factors upon which
wool market is supposed to be
based appear to be in favor Of
the grower Under these conditions
those interested in low prices of
wool to the grower have dropped
back upon the old policy of pointing
to a number of rather intangible IN
fluences which might injure the
market outlook and then exhibiting
considerable sympathy for the grow
er who plans this year on taking
his own risk in waiting to sell
his wool until the crop is shorn.
at is not the desire of any one
having the interests of the grower
closely at heart to encourage him
to gamble or plunge.
Strong All Over World
"Among the favorable phases of
the existing situation growers
should remember that from trust
worthy sources come reports of a
healthy condition in the big steel
industry, always a safe barometer,
with tremendous steel orders from
the railroads, builders and automo-
bile manufacturers, as well as a
continued increase in building ac-
tivities, with consequent activity
in all allied lines. Railroads are
beginning to get back on their
feet and the textile industries are
active. The credit situation is rapid
ly Strengthening up. Everything
points to safe and conservative re-
covery, with no desire for another
period of inflated values.
wool is in a strong position all
over the world, with increased de-
mand, diminishing stocks and re-
duced production resulting from
depletion of focks. In all coun-
tries the labor costs in making
clothes has SO increased that the
cost of the raw wool in a suit is
as comparatively small item, and as
consequence expenive labor is
used on the higher grade woods.
THE opening of manufactured
woolens in the past month for
orders from retailers for next fall
delivery has established prices rang
ing from l2lA to 16 per cent over
those for last season and the trade
is adjusting itself to the advance.
Cotton goods are from ID to 40 per
cent higher than year ago.
"All in all, there does not seem
to be thing on the horizon to
warrant any belief that the wool
market will weaken between now
and shearing time. Reno Journal