Show SUMMARY OF TREND OF THE WOOL MARKET there are aie many points in the world wool situation and outlook which should lead the american wool grower to feel that the depression depies sion is is over through the many foreign contacts of long standing established by draper company our sales agent the national wool marketing corporation has available aai lable for foi its use the best possible sources of information on foreign trade liec suse of their direct bearing on the american picture we have watched matched happening i 3 abirad very closely the last several months it is our belief that the world situation offers much to encourage the producer of wool in reading leading the regularly regul aily published wool market maikut reports in the press from this city growers glowers should remember that boston is the center of wool trading and manufacturing in this country because of this there is danger that wool market reports emanating from aiom this point will reflect the interest inte iest of the city not always is the interest of the dealer the same as the interest of the producer in in its market reports lep oita the catl national 0 al 1 wool Marketing 7 corporation has cn n deavo red to present in n accurate picture of the situation from the standpoint of the producer pio ducer many declare that with a new rec ord 01 d clip coming on in 1931 there will be too much domestic wool for the coming coming season it is pointed out that the domestic carryover cair from 1930 1910 is not excessive as compared to consumption even though it may retard marking up prices on domestic wool as rapidly as if the production smaller perhaps the supply simply of unsold raw wool in boston is larger than at the same time last year but this is more than offset in our opinion by the inventories of wool manu fac jurers r for ih istance the th n annual report of the american aanen can woolen corn com pany shows inventories of as of december 31 1930 against 28 1328 tor for 1929 1029 and for 1928 most of the mills show sim jarly low inventories which places them in a favorable position now that the bott toni of the depression has been passed reports we have from abroad show large laige increases inci eases in clearances of the seasons reasons clip in australia south am erca erica and on the gape cape some aus aug fillian wool has been taken on ex change bange the exact amount no one knows we are aie advised however that of this wool has been acquired by concerns that plan ta hold it at least two or three years for better markets maik ets we do not feel alarmed over the wool taken out of australia on exchange we do not believe the volume ta as excessive and doubt if much of it will compete seriously on the market during the next year at least at many of the sales at foreign primary primal y markets maik ets price pi ices have ae shown gains of vi 15 to 25 per cent since the lows of Janu january arv the improvement at london at the opening of the second series was particularly noteworthy the london opening pi prices ices have shown ability to hold the improved prices pi ice abroad are arc particularly apparent in and higher everything points to the old truism that wool does not remain long on th the bargain counter elwool wool always has h been among the first commodities to stait upward after a period of depression pros don we believe that lt it will run true tr to form at th this s time hence aba brower who suli supports hn his own marketing agency which will reflect into info the producers pocketbook pocket book full benefit from every market improvement stands the best chance to cash in on oil the tili turn that is now starting in wool NATIONAL WOOL MARKETING corporation |