Show I I BIG DROP IN WOOL I PRICES I New Zealand Says Outlook Gloomy A big drop In the price of wool even as much as 33 per cent due to the tx- tx x- x by New Zealand of ot her surplus surplus surplus sur sur- plus clip will c come me in the fall ac according according according ac- ac cording to the prediction of T T. large sheep owner of New Zealand Zealan 1 who is at the Hotel Utah Mr with his wife and several friends Is I touring the United States en route to England I New Zealand has an exceptionally I large crop of wool this year and the price has dropped approximately one one- I third Mr 1 stated All the tho New Zealand wool Is sold to the BritIsh British Brit Brit- ish government under a pool agreement agreement agreement agree agree- ment the New Kew ew Zealanders receiving 27 21 cents for their product With a large crop this year and and with plenty of pf ships to carry I it New Zealand will export a large quantity of wool Th The I effect of this on prices price's will not be felt Imme Immediately Hately but it will be reflected In Inthe Inthe inthe the fall tall Our main difficulty is experienced Inthe in inthe inthe the shortage of labor All New Zealand Zealand Zealand Zea Zea- land labor is white and the loss of 30 of the finest young men in the calony colony colony col cal ony through war has left its mirk ml Then again many of the young men menI I who enlisted in the army did not re return return re re- turn to to their homes when the armistice armistice armis arms tice lice was signed preferring to try I their fortunes in some other land All this has had its effect on the labor tabor situation A drop In the price of wool will I mean great losses to of the Intermountain West Vest Stockmen have gone through practically a double winter winter winter win win- win win- ter this year and have experienced heavy losses Through h extreme cold and heavy coupled with scarcity of feed losses in n Montana and Wyoming Wyo ming have gone as high as 25 per cent in many herds and In Utah and Idaho Idah as high as from 10 to 12 per cent Unless Unless Un Un- less the Intermountain get a heavy clip and a high fligh price for forI their wool many of them will face fi financial financial ti- ti I ruin it is asserted on good nuI au nu- nu- nu I |