Show WOOL GROWERS EXPECT prosperity PHO IN COMING YEAR el with one of the tha most difficult years in history behind it during which a tremendous task was accomplished complis hed the national wool mar ketling corporation looks forward to 1932 convinced that the trend of events in the coming year will favor a more active e wool market at tarm to better prices that Is the opinion of J byron wilson mckinley wyoming general manager of the wool marketing agency tor for wool growers of the united states as the cooperative begins activity to await arrival ot of an anticipated large 1032 1932 clip from the thousands of producers 1 through 1931 darkest year ot of a world wide depression when every commodity took price declines wool held its own wilson said wool was one of the few commodities to show how an increase in consumption during tho the unsettled year the lucrease came during retrenchment per periods of production labor difficulties and general inactivity during this period the marketing agency tor for the wool growers was outstanding as aa a factor in keeping market levels on their proper plane wilson said our policy of never selling below current price levels and that of rejecting bids below a fair price did much to keep wool on its proper level at the same time we urged independent dealers not to sell their wool when efforts were made by large consumers to force the market down dewi 1 this resistance to lower prices brought us respect front from buyers and a as a the year ended it left the growers cooperative with more strength than over aa ted to wool growers and buyers that the national is the leader ot of wool marketing no attempt to lo create a false price was made and the th 0 cooperative did not make efforts to dictate which the price should be except to refuse to dispose of its members clips at a sacrifice to make a sale recognition ot of what the Nati national orial has done during these past uncertain and trying days was accorded the growers cooperative by the boston issue of december 17 when that paper said the national cooperative which is the largest holder of unsold so id wool Is quoting prices slightly above the market average and shows allows little hesitation apparently in turning down low bids some hesitation if not Is usual in the closing al 11 ng month ot of the year but sentiment Is actually more cheerful now than a year ago marketing conditions tor for wool i should improve during 1932 tor for many reasons lea sons mr air wilson believes these include increased consumption curtailed production because of smaller carry carryover over of sheep and a constantly growing demand tor for wool large replacements needs by mills now operating with depleted stocks on on a hand to mouth buying policy also will bring labout about heavier buying for the first ten months of 1931 the tha united slates states consumed 63 million pound more than in the same period of 1930 mr Wilson said sald these figures which are exclusive ot of imported carpet carped wools clearly indicate 0 that the nation has return returned t to wool and that general betterment la Is in store tor for the long suffering wool industry style trends brought copl into the spotlight a year ago and the tha steady demand for lighter woolens an and d worsteds worst eds has haa grown so strongly that wool cannot be easily replaced or removed from a now wool minded buying public the national has cc cooperated operated with all branches of the wool industry in conducting wool pro motion and an education campaign to boost wool in the tall fall of 1931 our organization took tooh the I 1 lead eta d aai in sponsoring national wool week when worth ot of woolen anti and worsted fabrics were sold the present popularity ot of wool woold I 1 the sterling of all fabrics makes it obvious that wool will be tha the stand ard bearer ot of dominating style trends tor for 1932 and tor for many years to come with this athla demand increasing wool consumption will continue la in proportion and the supply for this year should bring better prices continued to back page V WOOL OOL EXPECT prosperity IN COMING YEAR 1 4 i continued from page ono one consumption on nil all grades ol of domestic wool except low quarter guarter I 1 blood was greater in the first nine months of 1031 1931 than tor for the sa earne period a year ago this la Is especially true ot of three eights blood wool which experienced tt a run from mills when it was learned that the supply was low the increased demand for or three eights wool also alao helped stimulate demand for other medium grades consumption by grades in me i united states for or the arst first nine months of 1931 and for or 1930 showed that pounds 0 of three eights wool was used compared to pounds for the same period in 1920 1930 pounds ot of tine fine comb ing or pound more than nine month a year ago the united states consumed pounds of halt blood wool or pounds more than the first throe three quarters of the year 1030 world wool production tor for the tha entire year ot of 1931 was four per cent above that of 1930 totaling 2669 pounds figures on the entire years consumption are ara not yet available but for tho the first ten tell months of 1831 1931 world consumption was esti niqi joldos buoo u jed jad oz 03 al 01 in 1930 in the first ton ten months of 1931 the united states had consumed pounds of wool exclusive ot of carpet wool this compares to pounds for or the same period ft a year ago intimated united states produs tion for 1931 to la pounds or pounds more than a year ago it Is interesting to note that the courso ot of wool consumption throughout 1931 domestic as related to foreign has risen steadily atoa dlly since pass ago itice ot of the ford noy mccumber bill in 1922 index figures based upon 1926 1920 consumption of 0 domestic and foreign wools including carpet wools at in each case show the tha upward trend in domestic wool at tho the same time they show the lack of demand tor for foreign wools consumption of domestic wool in 1931 was 28 per cent larger than the average tr fr the past five years while consumption of foreign wool for or the same period was 28 26 per cent less I 1 n as indicated below 1928 1026 domestic foreign 1827 1927 D F 02 92 1928 D 11 m 2 P V 83 82 1029 1929 D V T 07 1030 1930 P V GO 1931 estimate D I 1 FCO five year average D I 1 17 ac with all ot of those factors in our favor enough to discount the existing economic with which we wa are arb nil all familiar the national wool Alar marketing corporation and its 40 grower bombers look for ward iward to the now new year with brighter hopes bopes than lu in tho past |