OCR Text |
Show OUTLOOK BRIGHT FOR HIGH WOOL S. W. McClure Predicts 1920 Clip Will Bring Seventy-five Cents. That western half-blood woo! will sell on the range for 73 cents a pound next spring is the opinion of S. W. McClure, secretary secre-tary of the National Wooigrowers' association. asso-ciation. "In my judgment." Mr. McClure says, "the outlook for good wool prices next spring is Improving every day. Last week the eastern woo! market experienced experi-enced a boom and prices advanced somewhat. some-what. It is reported that more wool changed hands in Boston last week than during any previous week since 1914, except ex-cept during the auction sales. "A strong demand has developed for three-eighths-blood wool. the grade which is most commonly produced in the west. The lino wools are practically exhausted, ex-hausted, and attention is consequently being turned to the coarser grades, and this is a point in favor of our part 01 the country. "It has been my opinion for some time that the 1920 clip would sell for more than the price received last year, and recent events have strengthened this conviction. con-viction. I thoroughly believe that our very best clip of tine combing wool and the one-half-blood grade will sell for 75 cents a pound on the ranse next spring. "The stock of wool in the United States is at present very large, but conditions con-ditions are such that I do not believe this will materially affect the price of next season's clip. Iabor is better paid than it has been before, and, consequently, consequent-ly, prices will remain high." |