Show EXPECT LITTLE LITTIE CHANGE CHANG E IN WOOL PRICES DEMAND NOW FAVORABLE wool prices in the united states arc likely to remain near the present level during the next neit few ew months the bureau of 0 agricultural economics said today in its ita current i wool situation report mill consumption has declined ned i from tho the high rate in the early patt pait of 0 this year it was reported but supplies in the unit united cerep s states arted ta es are still below average and demand con lenues relatively favorable united states consumption ot of apparel wool on a scoured basis in the first halt hall of 0 this year was ac 16 percent larger than in the first halt half of 1936 anil and larger than in the same months ot of any year since 1923 mill tion the last halt half ot of the year is not likely to be as aa large as in the same months of ot 1936 4 the Dure bureaus aus outlook tor for world i wool production this year is tor for a larger production than in 1936 it was pointed out ont that the increased production will be partly offset at least by the small carryover carry over in 1 the southern hemisphere coun countries the amount ot of wool to be shorn in the united states this year has been estimated at about million pounds this is an increase ot or 2 percent over but nearly the I 1 same as the average for the 5 years 1931 35 total supplies ot of wool in J this country on july 1 though thought 4 larger than a year earlier were smaller than in most other recent years 1937 wool clip is largely in the warehouses ot of the national wool marketing corporation or hash hadj been consigned or sold to dea dealers leri the clip was the lightest shrinking and highest quality in ten yean prices tor for unsold wool is expected J to be above prices received in th field 41 |