Show LARGE WOOL suPPLY f I BUT WE VALUE IS FIRM Excess of Pounds Does Not Depress Says Says' Weekly Letter Although the wool su supply ply on hand owned by manufacturers and dealers is now about pounds in ex excess ex- ex c cess s of oc what it was a a. year ago ac according according nc- nc cording to the tho Week weekly letter o of th the tho National Wool Warehouse Storage company It is not likely to cause cautle a a. depression in values This unusual condition is explained by tho the warehouse ware waro- warehouse house company's letter b by the fact the th clip In th the territory of the states in Ia inthe the vicinity of Chicago will be reduced b by pounds by the outbreak last year yeaV of ot the hoof hoot and mouth month disease disease dis die ease and that a n. large lane amount of or machinery machinery machinery ma ma- chinery In the textile trade is Idle There Thero are aro at present stored tor in dealers dealers dealers deal deal- ers and manufacturers manufacturers' warehouses pounds o ot wool as against pounds a year ago o. o Ot this condition the letter says As WAs business Improves es in irs this country a as foreign contracts are re received re- re more machinery will be put into operation and this slight surplus of pounds of ot wool less the reduction in our own countr country coun coun- tr try will W In our opinion prove inadequate made made- quate and there will be an aa active de demand demand demand de- de mand for all grades of ot American grown wool The warehouse company also In tn its weekly bulletin gives information as asto asto asto to the foreign wool market and says a Fine cross are scarce and ar art are badly needed The They are generally dearer this week Tops are selling Belling in London at 88 cents an advance of ot 2 22 cents English tops are considered as equivalent to American Quotations of oC clean basis basle |