AMERICANS WANT WOOL.

Evening Post, Volume CXIII, Issue 143, 21 June 1927, Page 11

AMERICANS WANT WOOL.

A more optimistic note is evident in recent reporSs from the United States. Iv iuarcti the American mills used 54,262 000 pound of raw material. Those are the heaviest figures seen for some time, and were over 5,000,0001b higher than ia February. The "Textile World," Boston, states: lhe quantity of the staple used in the first three months of this year was 18 per C! ptV~£lgher than over the Baln<> Period of 1926. lhis increase in consumption coincides with a decline of 40,000 0001b in importations into this centre. Declining imports and increasing consumption usually point in. the direction of higher wool values. In early May, however, prices m American markets were slightly lower for all wools than they were in the new year. America, therefore, continues to bo the most perplexing of all the world's wool consumers. Since January she has reexported fair quantities of wool to tho Continent and the British Isles, owing to the fact that they could not be sold in the States at acceptable prices. Perhaps tho more or less indifferent attitude adopted on all markets by American operators is being overdone. Diminishing supplies may force a revival. IE so, it will not be the first time American buyers have suddenly gone from lethargy to activity.