Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-05-15
FATE LIKE COTTON
INTERESTS IS SEEM;
BRITISH GRAB FIELD

pecial Leased Wire to The Journal.)

Copyright, 1920
NEW YORK, May 12.-Wool
growers in the west and some deal
ers in other parts of the Country are
shouting warnings in the ears of
the wooden manufacturing com
panies. SO far these warnings have
had little effect. The growers de-
clare that unless the manufacturers
watch carefully, they will be left
in a position where they will not
have enough raw staple to run their
mills at anywhere near quantity
production unless they buy it at a
higher price than exists at present.
English manufacturers, they say,
already are pouring wooden goods in
to this country and getting the
American consumers business at
time when the New England manu-
facturers are lamer ing the light de-
mand for both Women's and mems
goods. Unless American manufac-
turers take steps to meet this com
petition successfully, they may find
themselves in a similar predicament
to the New England cotton manu-
facturers who declare the dumping"
of English cottons on this market
has forced wholesale curtailments
and threatens the successful life of
their industry.
In support of these contentious,
growers and traders in wool point
to the frantic demand by John Wan
amaker and a large store in Brook.
Ign, which greeted the offering Of
ship load of English Woolen blan-
kets. These blankets were snapped
up like hot cakes, although Ameri-
can manufacturers have been COM
planning Of the dizziness of he mar
ket.
The necessity for stimula ton in
floor covering also is given full rec
ognition in the determination of the
Alexander Smith and Sons company
to hold an auction for the disposal
of $4,000, 900 worth of rugs which
began here today. The various car
pet and rug manufacturers, includ-
ing the Smith company, had named
current prices May and had placed
the previous levels. This, however,
did not suffice to attract orders and
the Smith company decided to hold
the auction and let buyers them
selves name the prices.
One Of the big carpet manufacture
ers in Connecticut has cut wages
and it is known that nearly all the
large factors in the trade contem-
plate heavy advertising campaigns
to stimulate consumer buying.
However, the week opened today
with somewhat more activity in the
buying of raw wool on the western
ranges. 1t is known that the Amer
lean Wooden company buyers are in
the field and the lead set by this
big company usually is followed.
The fact that the American Wooden
mills were supplied with ample guam
titles of wool bought advantageous
last year enabled that concern to
operate near capacity much of the
year and skim the cream of the
goods trade and that policy is not
likely to be abandoned this year.
Despite this, however, the big COM
pany is proceeding to auction a GUAM
tity of worsteds this week.
The chief interest in the west is
centering around disposal of the Jer-
ichO pool consisting of $50, 900
pounds of Utah wool. This collection
in a measure sets the pace for buy
ing in other western sections. 1t is
known that bids above 40 cents have
been refused by the poo managers
Mill men in the east say the pres
ent level OF prices is all the wool
this year is worth. The growers
counter by citing the fact that Bos-
ton prices now are below all foreign
markets and that for every pound
American manufacturers buy at
home they have to buy two abroad.
The output Of the world in 1923
was 2,604,911,0 600 pounds, or almost
100000, 900 pounds less than the aV-
erage before the war. Last year
the mills in the United States alone
consumed 7S7, S23 900 pounds Of wool
and even if consumption is less this
year the domestic supply will not
come within So per cent of filing it,
growers say