Salt Lake Telegram | 1938-05-30 | Page 10 | Rise Foreseen in Wool Price

RISE FORESEEN IN WOOL IL PRICE Wool consumption for the first quarter of 1938 reached its lowest consumption period in 21 years but despite this Utah can still feel happy happy because because there are better days ahead So reported James A. A Hooper executive secretary of the Utah State association Monday Mills have curtailed production for some time said Mr Hooper which means means' that so soon n there will be a demand for wool which will force prices upward He pointed out sales saies of woolen goods have been steady during which time no articles have been jeen made Shearing of the 1938 crop has been delayed because of adverse weather and shearing will continue to the middle of June in some cases after the Jie lambing period Mr Hooper said the Utah wool crop will be about the same as last year There were pounds a i slight decrease compared with 1936 He said the largest tonnage of wool was shipped to the Boston market last week Some Was sold outright while other grow growers rs are taking advant advantage ge of the commodity credit loan S Wool has been bringing bringing- an extremely ex- ex remely low price only from 16 to 20 cents a pound