OCR Text |
Show WOOL TAKES DRASTIC RISE More money is jingling in the pockets of sheep raisers, for wool has scored the most sensational advances of any farm commodity in the last six weeks. A report by the bureau of a g r i cultural economics today showed that in the third week of May quotations for domestic wool on the Boston market, the national na-tional wool center, were 40 to 70 per cent above the March 1933. low point. .They were from 70 to 120 per cent above the low point of July, 1932. when prices hit levels sheepmen prefer to forget. New clip wool is now arriving in eastern east-ern markets and the advance is significant, because farmers. In many cases, have new- wool on hand and can take advantage ot the improved price. The bureau attributes the rise to the stimulus of changes in national na-tional monetary policy, increased buying aativity and low spot supplies. sup-plies. Prices In foreign markets also have risen, but less than in this country. The increased prices have increased in-creased demand. with many manufacturers rushing in for .supplies. The bureau found consumption con-sumption during April and early ' May. usually on the decline at that season, ir.creo.sed this year. |