OCR Text |
Show WOOL WAREHOU8E COMPANY PREDICT8 HIGH PRICE8 Tho National Wool Warehouse & Storago Company issues the following follow-ing circular of Interest to all sheep men, under date of Fobruary 23: To the Shareholders Eastern mar-kets mar-kets aro qulot on account ot lack ot supplies.. What little wool remains is bolng Crmly hold. Ohio throe-threo throe-threo eighths blood has boon sold at 36 conts. This corresponds to 32 cents for Torrltory. Tho London sales opened today and will contlnuo until March B. Offerings during this series aro 93,000 bales ot which 80,000 bales aro morlnos and tho balance Now Zealand crossbreds, Cablo information in-formation so far received is as follows; fol-lows; morlnos and lino crossbreds 5 por cent advance; low crossbreds 7 12 per cont advance. "Sales havo been progressing In both Melbourns and Sidney. Iloports lndlcato oxclted goncral competition with merinos from 10 to 15 per cent dearer, American buyers operating, but nro storing wool. It does seem howevor, as If American wool buyers aro having troubles ot their own. After Af-ter raising heavon and earth In or-dor or-dor to got permission to ship wool from Australia and with three vessels ves-sels afloat containing somo wool destined des-tined for Boston via Vancouver, the Canadian government passes a war rovenuo moasuro and puts an Import tax of 7 1-2 por eent on wool (2-3 cent tho grease pound) . "Wo cannot pass on Individual offers, of-fers, but again wo beg to repeat that our Judgment Is that it wools nro not '.'lil until slmnrlng, thero will bo mu ioro competition. Wo bollovo that such n situation will oxist as has novcr taken plnco In tho west boforo. England needs medium wools. Tho fow million pounds offered In tho present sales are a mcro baga tollo. England bought wools In Hoa-ton Hoa-ton last fall and who knows, but thnt efforts to fill her orders will bo mado ln tho west nt shearing? Think what this combination will mean in the way of competition United States manufacturers, German manufacturers, manufactur-ers, English manufacturers, United States dealers all after wool!" |