Show GOOD CHANCE FOR WOOL TO RECOVER Ac according conling to L U edgehill head of uio the sales department ol of tile the national wool marketing corpora tion aton the most encouraging feature of the wool market Bitu situation atlon today Is the fact act that stocks on hand at present are so BO low wool according to him has a much better chance to come baek back and to rise in price than any other in august and september the national wool marketing corporation was ablo able to to clean out a great deal ot of ule the old stock of wool it had on hand the mills that a year ago wets were carrying large stocks of goods today have practically depleted their tocks stocks 8 and it Is no longer possible for or them to fill ill orders on the day they are received it is a matter ot of waiting a week now the now new york trado trade is looking forward to good business it is tile belief that the cheap suit that Is on n the ilia market today is going to be a b big I 1 g factor in increasing sales tho the men who have been getting along the last tow few years without now purchases will make atheni now the failure of the corporation to send out inal final account statements was wag explained by mr air edgehill BS as being due to tho abnormal production ot of wool in 1930 which was the largest in history and the mistaken policy ot of the corporation trying to maintain price brice levels by holding the tha wool A lot ot of wool was carried over into 1931 and at tho the beginning ot of 1932 it had over million pounds on hand mr air edgehill Edge hlll further went on to say that ithe now setup in the selling department of the corpora tion firm believers in the principle ot of cooperative marketing are going to strive to do OVery everything thing possible to make tile the plan successful but we need tho the support ot of the wool growers to accomplish it |