OCR Text |
Show ENGLAND STOPS WOOL Nw l.'iiglaud Mill Hald to lime llouglit lit mil) In Uimloii, ,.avlce recelul In Salt Uke City this week b) J D Halllday, president of tho National Wool Warehouse and Slorago oompnii), Indlcato ho sn)s that the woolen mills of the Hast and tho wool buyers buy-ers aro dealing heavily In Australian Austral-ian wool In order to depross the price of Aemrlcnn wool The tele-Krum tele-Krum he received Atnten that tho New Kngland mills Itought no heavily heav-ily In the London mnrkcl the Ilrl-tlsh Ilrl-tlsh government has placed mi im-bargo im-bargo on exportation of merino top to the" I'nltod Stnt, Franco or Ituisln The telegram concerning concern-ing tho Ixmdon mnrket nnd the no tlvltlta or the American wool buyers buy-ers follows. "Iondon nles closed at 10 per cent advance Merino In great demand de-mand b American mllU Next sale da) will be June 29th, when much woe Is to bo offered. Hale at Svd-ney Svd-ney total more than seventy million pounds Tho sensation of the tendon ten-don market wna the Advnnce In merino combings to a ten-cent higher high-er level and tho advance In merino tops which went to seventy-four cent a pound Knglnnd ha forbidden for-bidden the exportation of merino tops to the United States, France and llussla and seem to be deter-mlnul deter-mlnul Xo make these countries buy raw wool. The Increase U prctum-ably prctum-ably basd on the foreign sltuntlon and wool ma) go higher owing to tho war becoming a long drawn out ii f fair "Tho Now Kngland mill are not purchasing any American wool nt till time, n they hope to drive down tho price. Wool value aro tending upward and In our judgment judg-ment there will bo a strong advance In price In domestic wool." |