OCR Text |
Show HIGHER FIGURE FOR . WOOL IS PREDICTED v Secretary McClure Says Prices Will Go Up Because Germany Buys VAR FINISH PRESAGED r Drouth in Australia Respon, sible for Great Shortage in Supply Opt m m con erning the chan es for h gh oo re next vear is expressed by S V. MeC re secretary of the Iva t onal T oolgrowers associat on Eeports that Ge man bu ers have been busy contract ng next year s crop in South America and to some extent in the Dn ted State a e thought to ind cat that &e nanv ntends to hold the wool until t e wa ends sa s Mr M fljre as we 1 a that h Germans expect hos tiht es to ease w thin another ea In anj e ent t s expected that the act ties of the German buvers to gether w th the shortage predicted in the Aust al an wool cl p and other kn died causes w 11 contr bote to a stiff market next pring Concern ng the situat on Mr McClure sa d yesterdaj Word from all the ea tern wool cente s nd cates that the marke r for terr ton wools has been very act e du ng the pa t week and prices ha e moved up a hade in response re-sponse to he m reased demand in Boston and Ph adelph a In all fore gn ma Lets good wool is strong er now ban at any time since the 4 war legan Shortage Foreseen B eason of the machinery being located n Belgiun and Germanv that in the jajt consumed a large par of he nfenor wool an! th s ma h ners not now being in opera tion these trash wools are not n e g ea demand nor has there be n an a3 ance n the f r ce of the n during the last two or three mon h The Australian drou h, wh h p e a led this vear is going to reduce tne woo c p of that ount v probably 'OO 000 000 tons, and such wools as Australia does produce will not be up to the r s ual standard. It is therefore clear that d ring the coming season the world will experience an actual shortage of good wool Unle s ome nfo e een e ent occurs thi is go ing to mean better prices for wet ern wool than those which pre- a ed this vear For some reason wh ch no one eems to understand German buy er have been taking up a large part of the strath American wool cl p When American b ers recent v wen o the Argentine to begin the purchase of wool for the com mg season thev found that the Ger man hal beaten them to it and alreadv had contracted on the sheep back a large part of the irgent ne clip r For End of War It not known whethe Germanv is act a 1 a le to mport wool at this t me b t t, l generallv up pose! that he not Therefore the purchase of thu large amo nt of wool s taken to indicate that the Germans ntend to hold it until af ter the war is over so as to have an ava lable snpplv This would indi cate that the Germans think that the war will clo e before another vear and be followed b a mater al ad ance in the pr e of wool American b vers are verv active in the ustral an wool ma Vet and it i thought bv ome that thev are sim.1 spec lating In response to American bu ng wool ha e moved f. up se eral cents n tralia There are those on this side who believe that American buTers will purchase a large proportion of the Austral an clip and hold it until the close of the war Vmerican Cor tracts It reported in this eountrv that Cern an b vers ha e contracted for OOt.0 1 pounds of American wool to be deli -ered at the close of host 1 t es. Whether these sur m ses are correct or not something las mat all strengthened the wool market in the pa t two weeks. The con er at att t le of Mr M -Lre.r, rKri ? P preictions is noticeaUe as i the tact tha h most reached and s ghtl pas d the action of the market bef rt the sea on of por W $ya,8b t h astern countn n.T. f h,11 1e Pros ? f rf nXt Tear ar r-J In a con er at e n an er a us al the fact remains that Mr Mc inn h,, ft, thcre.ro nl at ns f good pnceS it |