Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1926-04-09

count.
In July many growers took adYan-
tage of temporary furry preced-
ing the resumption of the Australian
sales. This furry was followed by
midsummer lull, extending into
early fail.
With October came a renewal of
interest in wool which developed in
to a speculative movement in No
vember. Crossbred wool was in keen
demand and all bright, well-grown
woods were sought, though less de-
sirable lots did not share in this
movement to the same extent.
France and the Continent had
been supporting the foreign market
and it looked like America and Eng
land would come in stronger. In
early December, however, the foreign
market Unexpectedly declined slight
ly and our market reacted The end
of the year found quotations slightly
lower, but without the element of
speculative buying.
From this it can be seen that there
were only two short periods of ac-
tive demand and while those grow
ers who shipped their wool and sold
either in July or late fall came out
decidedly better than those who sold
at shearing time, many remembered
the high prices they had refused dur
ing the previous winter and played
the game too long. At that, in No
vember some of the keenest men in
the wool trade expected to see an
active January market, ,and bought
extensively on speculation, so those
few growers who still have their
wool were not alone in their opin-
ion.
Looking ahead, stocks of domestic
wool are admittedly limited, espec-
tally those of more desirable charac-
ter. Conditions are, however, decid-
edly different today than they were
year ago Less foreign wool is
afioat to this country, and though it
has been stated that the wool clip
of the Southern Hemisphere is about |
2 per cent larger, their sales have
progressed well in line with the pro-
posed selling schedule.
In the American Wool and Cotton
Reporter there appears the follow
ing statement:
Albert w. Elliott, of the firm of
jeremiah Williams & Company of
Boston, made the following state
ment in connection with the year
1926:
81 look for a large consumption of
wool all over the world in 1926,
by the present compare
lively low price of every class of
wool l expect to see the lowest
prices for wool in the first three
months of the year, with the price
of wool gradually rising as heavy
eats into the supply"
Another prominent wool merchant
says:
"There will be good business if
the present rate of foreign prices
because prices are as low
as at any time in the past year. Wool
in relation to other commodities is
low At these prices there ought to
be big consumption of WOOL"
While recent openings of the
heavy weight season have met with
limited response in the way of large
orders, most manufacturers are look
ing forward to a good years bust
ness. Goods were priced from 10
per cent to IL per cent lower than
a year ago, and with wool prices
from 20 per cent to 80 per cent low
or there should be a reasonable de-
man for goods. and an increasing
demand for wool during the year,
with an accompanying appreciation
n wool values.
The lack of response to the open
ng is attributed to the growing pol
cy of last minute buying, rather
han to business conditions of the 1
country. Owing to changing styles
md fashions, many mills with orders
IN their books cannot proceed with
manufacturing, lacking definite spec