Salt Lake Telegram | 1932-05-20 | Page 19 | Wool Trade Weighs Cooperation Play

WOOL TRADE WEIGHS COOPERATION PLAN BOSTON May 20 The WV-The Commercial Com Corn mercial Bulletin will say tomorrow The suggestion recently made at ata ata ata a New York meeting of various representatives representatives rep rep- of or the wool textile Industry industry Indus indus- try by a man prominent in the councils councils coun coun- of the farm board wool cooperative cooperative tive that the National Wool MarketIng Marketing Market Market- ing corporation and the federal farm board would welcome the counsel and aid of or the wool merchants in tilting tating ting the wool market and relieving the has resulted in several several sev sev- era eral conferences this past week between be bc- tween members of the wool trade and the he cooperative and finally has led President Robert L L. Turnbull of or the Boston Wool Trade association to go goto goto goto to Washington lo to confer conCer with the federa federal fed fed- era eral farm arm board in the matter Just how for far the setup and md condl- condl lions Jons under which the National Wool Marketing corporation is laboring at atthe atthe atthe the present ent time will permit the wool merchants to cooperate for the relief of the growers and the infusion of confidence to the entire Industry is isa isa isa a matter very much open to discussion discus discus- slon sion and the outcome is a matter of opinion at the present moment In the local market business Is practically negligible and md prices still stilla a matter of or guesswork in the absence of sales soles In n the west some life has been injected into the situation by bythe bythe bythe the purchase for account of Boston Doston merchants of or some four million pounds of Texas 12 months wool at an average cost of about 9 0 2 1 cents or approximately 30 cents clean landed Boston for rood good 12 months wools Rather more more consignment business has las been noted elsewhere through the west vest The foreign markets are arc generally quiet and awaiting the opening at London ondon next Tuesday with bales bein being offered The Bulletin will publish the fol following following fol- fol ol lowing quotations Scoured basis Texas Texas Fine Fine 12 months selected 37 HOc fine short 12 months fine 8 months California Northern California Northern middIe middle mid mid- dIe dle count county northern 35 Oregon Oregon Fine Fine and fine medium staple 37 fine and fine medium French Trench combing fine and fine medium clothing valley No 1 I Territory scoured basis Montana and similar similar Fine Fine staple choice 41 half hat blood combing three eighths blood combing 34 quarter blood combing combine 30 3