Evening star., 1923-11-13
BETTER TONE SEEN
IN WOOL INDUSTRY
Dealers Look for Stronger
Demand and Higher Prices
in Near Future.
By j. G. ROYLE.

Special Dispatch to The Star.
NEW YORK. November 13.-There
is noticeable frightening up" ap-
parent today among the growers and
dealers In the wool industry. This
ters as indicating a decided renewal
OF activity. The active entry OF the
American Woolen Company into the
market for raw wool undoubtedly has
had the effect of stimulating other
manufacturers likewise to anticipate
their 1924 needs But ii has also dis
posed growers and dealers to stand
firm as to prices both for old woods
and for 1924 clips,
Wool men throughout the west and
FAR west are frank in outlining their
belief that prices for the 1924 clips
will be higher than those which OBJ
tanned at the opening Of last season.
So thoroughly have they made this
attitude known that few have been
approached thus far by representa- :
tives or eastern buyers and manufac-
turers regarding contracts for wool
on the sheep's back. Future con-
tracing also probably was Influenced
TO some degree by the opposition to
the practice voiced recently by Presi-
GENT Wood of the American Woolen
Company.
Growers See Higher Prices.
Growers. however. point to the fact
that there was q decrease In the wool
stocks in this country and on the way
mere OF 56.950,962 pounds at the end of
the third quarter OF this year. Wash
emphasized their belief in better mar
ket conditions at their recent meetings.
Dealers take the view that the buy
Ing at present by the leading interest
can only indicate belief in a big. heavy
weight. season in 1924, with an in
creased demand by the public for mod
erate-priced woolen goods. 1t will not
be long now before the mills are en-
gagged In turning out the heavy goods
required for next falls garments.
Manufacturers stocks of the raw
staple are known to be running short
The high-priced wools purchased last
aPring are near to exhaustion. So far
as the demand for clothing is con-
cerned, the sales this fall have been ie-
tarded in many sections by mild
weather. But clothing demand is al
ways fairly stable. and there is ample
evidence that the total volume for this
season Will not fall below the average.
Trade Watching Texas.
The trade In all sections Is watch
ing closely for the results OF sales at
San Angelo and Mertzon, Tex, today
and Thursday. These offerings,
amounting to over 100000 pounds.
are to be sold on sealed bids, but the
general trend of the market undoubt-
edly will be defined, even If the prices
paid do not become known at once
Production OF wool throughout the
world has decreased about 20 per cent
in the last ten years and this cuntry
h In the last two years has raised only
80 per cent of the domestic mill re-
quirements. In view of these facts,
growers assert they are in better po-
sition TO market their product more
iflh "
atire marketing associations have
been formed this fall in many of the
wool producing states. and through
these associations. growers are able
under the agricultural credits act TO
borrow money ut 51a per cent. These
the agricultural credits act. These
organizations. the sheep men believe,
VIII enable them to market their wool
IN n, An orderly and economical way. and
this influence has dissuaded many
from soliciting contracts for still un-
grown wool for 1924 delivery.
Beet Sugars Steady Market.
Only about one-sixth Of the coun-
try's beet sugar production has been
disposed of. The market for refined
sugars continues to show stability.
sugars has further declined almost to
the vanishing point. Indications are
that the supplies of beet sugar, which
have been sold in eastern mark
Ior the HrSt time, Will SufhCe to regu-
late conditions and prevent shortage
until the new crop Cubas come on the
market. Although the price of beet
sugars nominally was advanced 2Oc
d bag at the close of last week, man.
ufacturers actually are holding the
door open for contracts at the old
price basis of $40 a bag.
Reports from the west state that
the harvest of beets probably will be
running night and day. with beets ar
running night and day with beets ar
irving regularly.