Show 1 I WEEKLY MARKET REPORT even president hoovers proposal 0 a one year holiday oli on intel Inter national debts between governments As Is only a pro proposal postal anil and must ile I 1 by the several gover governments inlets involved it already has had an im Ine mediate ne diate wholesome stimulating effect on business find and the world financial structure tuie all stock markets market s 0 of r the world registered a decided u upward turn when president hoovie made public his plan for helping our c creditor editor nations to regain financial equiller in m 1 if if as the majority predict the he plan plait jis s approved appi oved anil and adopted speedily with tout but a world conference of any sort ps would seem more moie than reasonably certain ceil aln it will ill have a far fai i caching benching er feet one of tile the first alist reactions to the th hoover proposal was strength in the wool tops futures markets throughout tile the world the tops futures markets aikels ni fit at antwerp and roubaix moved to ten lil hughei glier levels even the new york top Ai futures tures market which has been drag king along considerably below alia baut market for tops at doston boston mount moun ed substantially ally the declining ti eril eri l I 1 at bradford was halted upon rece fill of the hoover proposal cotton pil ces also showed strength arid and advani adall cel ced sightly tills this is an in matter iatter from the standpoint or of wool tor for leading economists insist tint that ilia I 1 wool WOOI trend during the past year lias has be hern largely by the price for cotton cotlon a ile heavy avy of 11 illch there Is a large surplus Accord according ilig to leports received by the national wool marketing corporation hom front districts the moratorium i proposal la is hi confidence anong among agricultural bankers paul A draper president of draper co sales ales agents for tile the national now irl in JAlOn montana talla reports that bankers and growers in that state are greatly encouraged cou Rou raged ty Y the lie outlook and feea fee that business confidence engendered I 1 by acceptance of if the lie hoover plan will nican mean higher wool alices it if growers lind and bankers who control the unsold domestic wool develop greater rests tance to low dealer offers as a re full or tills this it will greatly help the 1 I hole wool macket III ket structure for there has been entirely too much unloading of ool a at t any cash pi ice during dur liis tile the past Illon months arnin standpoint wpc I 1 1 is in sound statistical position anti and si should lul I 1 respond immediately to any pronounced 1 upturn in buslik ss such as the I 1 mil I 1 of the hoover suggestion sug geston A more fa fin 01 able situation steadly lias has beer de eloping in III the wool textile industry in tills country consumption Con ins has been steadily the dor boi adl analytic anal clr bureau says wool apices inual wn non begin to reflect tile more moie favorable economic situation in tile the woolen ind and NN voi orsted steil industry hilus try ill ili this 1118 country the hie dally daily news nes record new york yolk sis says clothing men manifest moie than ordinary interest Inte iest in president I 1 els plan to declare it a reals cars mor moi or of debts this ii a development of great moment I 1 velh leill begard to public con fi dence they alio feel that a revival 06 09 1 trade is an essential factor i in economics lec le oely covery may ma re corIs or conson consumed led are aie expected to show a healthy increase inci ease of the united states st ates bureau of laboi I 1 abor show a sharp increase Inci ease in pall lull luell employment to the he nion month th aver that of abill the worsted wor ill di slon of tile the amoel Atno edg mills for foi is SO 0 lusy that hat employees hue h 11 1 ue I 1 e been asked to foreio fop ego vacation catlon a until the alie rush season Is spinning mills are aie buster than they lae have been fo leveal months A biegly hea season for foi Is binti antt cutting of mens garment totalled to plem during april pill tile the largest monthly total since oct 1929 cutting during lie he low month ot of the depression depies siou december total leI pil if acceptance of the hoover proposal developed dev de elopes the business volume anticipated alip lie effect will be felt in the wool textile field mill stocks still are aie very ery low loft and anith ith demand growing n will be compelled to make extein ive pill phases it Is it a ell knon net I 1 that hat stocks in retail are very cry low from ever angle file i situation Is extremely favor favorable able to the hie proper gloer ol 01 of wool consigned to tile the national we ve hope that the prospects inspired b the hoover proposal justify growers in refusing to sell their wool eiery everything now Is in favor of the grower who consigns wool prices at boston hane am c shona if 11 slight hardening tendency with slight advances on some lines for which the available supplies ire are very low considering vol volumes unies ot of bag wools principally fine french combing bing are being moved anticipating en li heavier cavier trading in wools v in tho the near future the national Is having its 1931 wools graded as rapidly as possible so that till all sales ties ies can be met consumption figures i 1 how that mills have been using g mort mon of these wools the list last two months mont lis although purchases pui chases have been rell rela lively light on june julie the dally ally of tle the united S ta es department tili erit of agriculture said 1 wool prices show a ma maikel aked general lengthening strengthening tendency several kiouses have advanced asking prices pi ices a cent a pound in the grease on the finer grades of ohio and similar fleeces and in ili a few instances the higher prices pi ices have been realized on sizeable quantities on western grown wools I 1 asking prices pi ices are stronger stion gei than khan last eek with sales mostly on the high side of 0 last ft e i eki price ranges receipts of 0 new wool by the eo co operative alive in boston show conclusive ly that many growers hive have not falter pi edin in theli their support of cooperative mar mai new wools are coming in at al about one and a halt half million pounds per week moi moie e than for he same time last ast year eai on june member associations of the national had shipped 6 Gl 2947 pounds of wool on june juna last year eai six lays days later OIL total was ft as slightly over p pounds this is the nearest date for w which we have hae a tabulation by units on oil june twenty one of the local associations had shipped more mole wool than they had six sl days later in 1930 the utah association again was the first to pass t the lie ten million pound mark maik last year the utah unit did not exceed this figure until the middle I 1 of july Is now well ft ell under aay ay in montana and prospects are aie that last years eais cooperative ton n nage age will ft be exceeded aiom that state despite the fact that shipments so tar far have hav 1 e been running slightly under thoe of f 1930 the mohair market continues very quiet with few sales much aluch interest Vs being shown in a new imitation raccoon coat made front mol nio hali lair it looks very much like a raccoon coat but sells much cheaper the raccoon lac eoon coat has proved quite popular among college men if the new coat meets with advance anticipations it wilt ft jynean the he use of consides consi dei able moli mohair air |