Show WOOL kool OUTLOOK GLOOMY the federal reserve reserve boards mouth month ly review of business tailed failed to to hold bold out any promised promise to wool producers of nf the country there are no signs that the wool market Is reviving the report discussing this thi a industry says baston cobl manufacturers are said to b be itt iri a state ot of waiting whItIng 1 uncertainty pre prevails valls as to when mills which closed will be able to resume on a full time basis at present very few orders have been received and price reductions lons have failed to stimulate buying diug for tha th 1931 1921 spring season season the effect of the absence of buying dem demand ud Is found in tl tie e market for or raw wool representative dealers agreeing that prices for standard grades have declined since may 1 about 35 to 40 per cent philadelphia reports that 7 woolen bolen yarn spinners spin tiers ers are receiving practically no orders although september which it is expected to make certify and october are usually the busiest months mills in the district are T variously arious ly reported to be operating at al from 10 to 80 per cent of capacity those more ft fully ily employed running on back orders one factory work 1 ii 9 at 30 0 per cent of 0 Us its capacity stated that from 30 to 40 pe percent recent I 1 oi of the he work was being doie tor for stock mills emills engaged in tile the manufacture 0 of underwear an in tile the philadelphia phia district ero also either shut down or running at a small fraction of capacity the la fil regard to yarn prices as well as lack of orders helps to explain the existing situation in hosiery lines the closing of plants is general inala anaa ability in gaii prices has made tor for frequent changes cli anges in prices quoted by manufacturers with a resultant hesitancy on the part of jobbers and retailers to place orders carpet and rug mills in u tile the philadelphia district are receiving practically no orders ordera according to reports although some soine of them are manufacturing for stock |