Show Eastern W Wool oo Stock Materially Redu Reduced ed CONTINUED HIGH RATE OF CON OF-CON- CONSUMPTION CON CON- SUl EXPECTED MEANS l STRONG DEMAND DEl FOR 1932 CLIP From every standpoint the market outlook of the wool pr producer ducer is much more favorable now than It was a year ago Stocks of wool on hand both in mills and dealers' dealers warehouses are considerably considerably considerably con con- below a year ago the com ing clip is certain to show Ii a substantial substantial substantial reduction from the preceding one and all reports from the goods market indicate that 1932 will develop a big volume of or business in wool fabrics thereby continuing the high rate of consumption n attained during 1931 During this year practically every nation consumed more wool than d dirIng dur during dir dir- ing the previous year but the United d States recorded the most substantial Jump Current estimates estimates- place the world increase in wool consumption at to pounds probably nearer the larger figure Although Al- Al Although Although Al Al- though December consumption in the United States Is yet to be reported itIs it itis itis is generally felt in the textile trade that this country's consumption has exceeded that of the previous year yearby yearby ear earby by more than pounds half halfor or more of the world increase Wool production in the United States for the past year represented cent approximately approximately an increase of 7 J per pounds over the preceding year The Increase in consumption cnn cnn- however exceeded the rise In production by about 13 per cent The sharp rise in demand for lor wool not only completely absorbed the Increase Increase in increase In- In crease in production but moved much of the holdover wool from 1930 |