OCR Text |
Show STABILITY COMES IN miMKET UTAH SECRETARY OF NATIONAL WOOLQROWER8' ASSOCIATION RETURN8 FROM CAPITAL Reaction In Market Line to Bring Wool Business Back to Former Days; No More Free Wool to Be Admitted to Country Salt Lake Woolmen throughout tho United States have every reason to rejoice, re-joice, according to Frank 11, Marshall, secretary of tliu National Woolgrowors' association, who has returned to Salt Lake from Washington, D. C. Tho market mar-ket has reacted strongly to the assurance assur-ance that no more free wool now can be admitted to tlio country under tlio present administration through tho unprecedented un-precedented aotlou of both houses In extending the emergency tariff law until un-til tlie regulnr tariff bill can be passod. "Tills puts tho market In n position of liability," said Mr. Marshall Tburs-Iny. Tburs-Iny. "Uutll this action was taken there was always tlio possibility of a period of free wool. Thoro Is a liugo quantity of foreign wool lu bonded warehouses at ports of entry, if ono hour elapsed admitting free .wool there would havo been n great flood. "Ono small Importor said that ono hour of free wool would havo netted lilm $10,000. Tlio action of congress shows thegoveniment's Interest In the igrlculture of tho country. It shows un appreciation of keeping our farms, Uords and flocks In condition to sup. ply our requirements. "Prices have beon Improving gradually grad-ually for sovcral weeks, Now tho uncertainty un-certainty Is removed, things nro bnek to the basis of demand In rolntlon to supply and posnlblo Imports. While tho emergency tnrlffrcmalns, grease wools must pay 15 cents per pound; skirted wools 80 conts, and scoured wools, -15 edits. According to the ilopartmont of ng-flculture's ng-flculture's report limed on September 'JO the amount of wool on hand In tho ountry Is four hundred million pounds, which Is much less than many believed. believ-ed. "This Is n very little more than tho normal stock for this tlmo of ho year. Wool Is being consumed In tills conn-try conn-try nt a rapid rate. Most of tho larger larg-er mills havo orders that will lost only until February. It seeniH certain Hint the wool market must tnko a pronounced pro-nounced upward tendency. "Tho woolgrowors wore tho first ones to feel tlio deflation of May, 1020, and It seems now as if thoy would bo the first to recover. Tlie regular tariff tar-iff bill will bo passed to tlio satisfaction satisfac-tion of tho woolgrowors," Mr. Marshall was ono of tho com. mlttee of leading woolmen nnd agriculturists agri-culturists of tho United States who appeared ap-peared before tho somite finance committee com-mittee to urgo tho lmmedlnto oxten-Hon oxten-Hon of the emergency tariff bill until the pnssago of Uio regular tariff bill on wool. |