OCR Text |
Show I ( In Hotel Corridors ! KHNNI2T11 HUTCJIINS and E. Frank Frankenstein, wool buyers from ..Boston, 1 arrived In Sail Lake City, Friday e.ven- ing. o or lhe Los Angeles Limited. They are flopping al the Knutsford. Mr. llutchins will remain in Utah Indefinite-I Indefinite-I lv. Mr. Frankenstein will leave Satur-I Satur-I day for Idaho, where he will spend a short lime. ! Mr. Tlulchins stated that wool, along I with many other commodities, had 1 dropped In price, and that growers must i not expect the high figures they secured only a year ago. Mr. llutchins declared that he expects lo see but little lS-eent wool, and that the probable figure at which Utah wool would sell for. would be from 10 to 12 cents. Various reasons are given for the cause of the drop In the price of wool. The most important of these reasons is the fact that tho supply from Inst year is not yet exhausted, exhaust-ed, and this wool, even in the Fast, brings figures varying anywhere from 15 to IS cents. Freight, storage. Interest I and other factors will demand a propor-I propor-I tlonal reduction in this spring's clip of I wool. .lust whp-l it will be Is not known. The buyers only aim to make a small pro tit in handling the wool, and are more or less disinterested in the actual figure at which wool sells, provided they do not become losers in their transactions, transac-tions, Another factor which will demand a low figure on wool is the conditions of the mills In the East. Many are running with hardly one-third of their machinery in opeVatlon. C. II. GODDARD of New York arrived In Salt Lake City. Friday evening, from the Northwest. He Is stopping at the Kenyon. Mr. Goddnrd left New York and visited the coast by way of the Southern South-ern route. Mr. Goddard is secretary and general manager of the American Druggist Drug-gist syndicate. This syndicate- according accord-ing to Mr. Goddard, is a health trust. Its aim is to secure . the use of the knowledge of its 7000 members In prc-! prc-! paring prescriptions which will be of value as against the many patent, medicines medi-cines alleged to be so injurious, but which have an excellent sale. Mr. Goddard thinks that the effect of the recent financial stringency has been moral, rather than real, and that the shock on the country's system will not be of long duration. The. drug business is one of the few1 which shows no change because of the financial stringency. Mr. Goddard leaves for the East Saturday afternoon. |