, 1923-08-02
AMERICA LEADS WORLD
Continued from Page ~

the 1907 market OF 3327.17: A DIFF
ference OF soc per pound over pres
e0t prices. for similar wool and
then deducting one third for buck
wool. and 1G for tags. 1t will be
seen that the wool market In 1907
was much better than the wool
market in 1928. On a clip of 1000
pounds. this differsnoe would
amount to 5000 more than the
present prices.
The United States has one four
teenth of the sheep OF the world and
produces fully one tenth the wool
OF the world and more
than one third OF the entire worlds
wool clip.
Tho United States Is one of the
largest livestock countries OF the
world. and compared to the balance
Of the world Is second in the num-
Der OF cattle-India being first with
2s.02%. and the United States sec
ond with 1875. In sheep the
United States Is third with 7.2 % .
Argentina second with $50 and
Australia first with 1879. With
hogs the United States is first with
27.1%. or over n fourth the hogs
Of bhe whole world; China is second
with ls,4% and India third with
"a %.
. The worlds wool consumption
last year was at the rate of three
billion pounds. while as stated be-
fore. the worlds production was
only two and one half billion
pounds. On account of the excess
OF consumption over production. the
largo surplus stocks OF wool. exist
ing at the close of the war. have
been used. For example, on jan
uary |. 1929. the British Australian
Wool Realization Association, com
monty known as the Bawra. held
stocks OF wool amounting to L.
S9O.37s bales. and on May 3lst.
1898. their stock OF wool was 6O0.-
months of l.70O.241 bales. TVts
ton of wool has overtaken and
prices must remain high for some
time to come. or until the produc-
tlon exceeds consumption. Stats
t1caliy. wool is I ma stronger posi-
tion today than 1t has been for
years and unless some unseen catas-
trophe occurs. 1t will continue so
for sometime and wool. lambs and
sheep may be expected to remain
at tho present level Of prices.
The increase I'm the worlds wool
consumption is due not only to the |
post war requirements for
but also in a considerable
measure to the increased popularity
OF n goods. such as gold jackets.
sweat~rs. wooden hosiery. bathing
suits. etc. A much larger volume
Of ladies dress goods and clothing
~ being made now than ever be
fore In history. The increased out |
put OF closed cars by automobile |
manufacturers. with their conse
auent heavier requirement or up
h0stery goods. has been a decided
factor In increased consumption. |
The Increased output of virgin wool
cloth and blankets. on account OF
the demand by the public for virgin
eabrics. has been a decided
'achor In Increased consumption.
l believe that We have every rea
soa t" look hopefully into the
future, so far AS the market for
Dur product is concerned. would
dislike TO see a market for
wool or lambs. as II would almost
certainly be followed by n reaction.
what we want is n stabilized market
that will allow US a fair margin of |
profit over the cost OF production
and permit US TO recoup the serious
losses suffered by our industry dur
the defistion period.
The present season has developed
Frl 49,
For several month mast
boNHnn prices for wool in bond were
below the parity OF
wool prices; thus II was
TO reeNport wool from Bos
ton At u profit and a considerable
volume OF low woods were so r.
exp'rted 10 be sold at London and
.i.'"rpooa Then too. manuractur |
e1s. early In the season. commenced
wool in the west having
prizes sbove the Boston market
Whilo no statistics are available a,
seems certain that NOR. wool was
"oush' In the west this year. nv
manufacturer direct. for their own
"n" man ever before. This IA an
from the woolgrowors
h'"h"Point, because tho
'u'efs could. and did In a yrca,
many Instances. pay more for wool
the dealers could afford 10
pay. '"
II Will be remembered that n, IN,
convention OF our Association 4,
.sSpcr is months ago. predicted
that instead OF a worlds surplus OF
WOOL. within three pears W.. would
nav" an actual worlds shortage I'm
l.,sn" or III" finer grades OF wool
Ihat this prediction vas consorm
Nv" IN shown by tho worlds wool
situation today.