| Show SHEEP ou T 0 OK 6 RAB 1 the sheep industry san juans juani biggest business entered 1933 on a more favorable basis than for a number ot of years past with strong indications that any resumption of general business will vill witness a healthy upswing according to chales redd of la lasal sal follow i ing his recent return from denver and salt lake As a director of I 1 the salt lake branch of the agricultural credit corporation mr redd conferred with many many bankers and livestock producers fit western states and at the denver den ver livestock I 1 show got the tons ions of at other her leaders in the business the well informed con census of opinion mr redd hedd said bald it that wool will be one of the very aties to reflect in better prices a forward movement ot of general business very substantial reasons for I 1 such be liev lief are to be found in the present low stocks of coolon wool on the market the tact fact that mills have hate almost no cloth on hand and that retailers shelves are bare it Is estimated in well informed circles that there are now available only a threes three months supply of wool where whereas ailt it will be five months before any substantial amount of the 1933 clip reaches the markets in 1931 and 1932 there were heavy supplies of wool carried over from preceding years to act as brakes on the price movement the 1933 clip will be treed freed from that restraint in the last year or two the mills have finally eliminated in one way or another the forty per cent excess of loom capacity which had kept this branch of the wool industry mostly in red ink since the slump of 1920 and 1921 there Is a feeling even now among the mills that they should advance thi the asking I 1 price for their fabrics they are anxious to see wool on a arong even aw an advancing market because such a course would be very mate materially tally to their interests in dealing with the purchasers of cloth with their productive capacity reduced to a close approximation to domestic consumption the MIUS mills are in stronger position than they have been tor for years to obtain reasonable prices for their th air products and a strong wool market would greatly help them in sustaining good asking prices the accepted estimate for 1933 wool production Is about pounds while consumption will probably tun run between four hundred and fifty million ard five hundred million pounds thus it will be necessary to import some wool and the tariff duties on such importations are bound to have a stimulating effect upon prices tor for domestic wool another factor which should make for or better wool prices is the reduction in the total number of sheep from the peaks of 1931 and 1932 in the western country the 1932 lamb crop was generally light followed by severe losses during the preceding winter with the probabilities that there has been close to a ten per cent shrinkage in lambs lambs are are likewise in good position mr bedd i believes As compared with beet beef and pork prices for lamb are reasonably high even now constituting less IM than 4 per cent of the average consumed per capita lambs principal cf al market Is among people who eat wh h athey they want without close regard re g ard t to pr price i the strong east more lamb campaigns conducted by the national Wool growers association and the packers together with the cutting and cooking demonstrations of the use of lamb cy ducted nationally have helped materially to stimulate the consumption oft lamb further lamb excellently meets the existing demands by smaller families and smaller budgets for smaller sized cuts of meat all of af these factors contribute to the better feeling existing and to intelligent optimism concerning the future producers and those who do business with W ith them have not forgotten that when the upturn came after 1921 the sheep industry was among the earliest to respond there Is every reason to think that it will again be in the lead when the next turn comes |
