Salt Lake Herald-Republican | 1916-11-17 | Page 14 | Wool Prices Touch a Dollar a Pound; Highest since 72

Wool Prices Touch a Dollar a Pound i Highest Since 72 Supply Being Depleted Depicted While Demands of Manufacturers Manu anu- anu I Increase wool ool sold In Boston S SCOURED yesterday at O 5 cents cent and 1 a pound tho highest point reached since 1873 1872 1812 Advices from trot tho odst odet were to the effect that the supply Is being rapidly depleted and that buyers buers are ao already in tho western states s making contracts for next years year's ears clip At the offices of ot the National association S. S W. W McClure said that the sharp advance advance alvance ad ad- al- al vance was due tue to the embargo placed on Australian wool by the British government government The supply of or wool in the United States Is inadequate In Inadequate In in- adequate to supply tho demand demant and as wool was Imported last year yea In order to furnish the tho warring nations nations na na- na Hons of or Europe with cloth the situation this year ca Is said t to be he without parallel In the history of or the wool Industry Mr Ir McClure said that ho expected still aUl further price advances ances The United States bought more than pounds of or wool from Au Australia last year er Since July 1 the British government has hal refused to permit the shipment of or wool to this countr Tho The country exportation tation of cloth from the thc United States to Europe has ha Increased during during the year car and ant Mr McClure said that the tho only hope for woolen manufacturers manufacturer is 18 for the British government to permit the sale to this countr country of lower grades gaes The greater part of or the wool being Imported Im Imported imported Im- Im ported Into this country countr is coming coming from South Africa and South America