| OCR Text |
Show PROSPERITY SEEN BY WOOL OFFICIAL The return of prosperity is indicated in-dicated in the wool industry, sn the opinion of James A. Hooper, secretary of the Utah Woolgrow-ers' Woolgrow-ers' association and manager of the Utah Wool Marketing asso-, asso-, ciation. "The impetus given by National Na-tional wool week, November 9 to 15, should hasten the return to normalcy in the industry," he said. "If the average consumption of the first eight months should continue, there is not enough domestic do-mestic wool on hand to fill the requirements for seven months. In other words, there would be no domestic wool on hand March 1. At no time have we ever had a condition where there was no carry over." A steady increase in consumption consump-tion of domestic wool from 18,-640,000 18,-640,000 pounds in January, to 35,634,000 pounds in July, with a seasonal decline in August to 34,288,000, and with a consumption consump-tion for the first six months of 1931. of 214,311,000, is shown in department of agriculture figures, fig-ures, Mr. Hooper, said. "Experiefic'e has shown it is unwise to predict prices, and all one can do is draw conclusions from supplies and demand," he said. |
