AMERICAN WOOL PROSPECTS.

Dominion, Volume 6, Issue 1824, 9 August 1913, Page 8

AMERICAN WOOL PROSPECTS.

• EFFECTS OF NEW TARIFF. The revision of the American tariff is a matter of groat interest to Australasian wool-growers, and naturally the-freo wool proposals have raised great hopes. Of late years tho American demand has becii of a fluctuating 'tatnro, which has made it (lifiicult to forecast the market prices with any degree of certainty. Commentin;; on tho future, trade prospects with America, a writer in Dalgetv's "Weekly Review" gives a lengthy review of tho situation. Referring particularly to the action, likely to follow the revision of the tariff, the writer remarks that tho especially keen demand for what are now known as American wools would perhaps not bo so pronounoed under altered fiscal conditions, neither would there be the same incentive to pay extreme prices. There would, however, be a marked increase in tho demand for arerago sorts. It has yet to be seen what classes of wool will bo needed for the fashions of the season, but an enormously increased demand is assured. Commenting on tho high prices that ruled last year, it is stated that thero has always been a prevailing fear that the pendulum might stt-ing to the opposite extreme, that is, judging: I) 3' the history of the wool trade. Cut a prospective increase in the purchases on account of America, baicd upon the relative increase in the population in proportion to its flocks, in audition to the offeot of the new tariff, dissipates that fear to a largo extent, and encourages ronowed confidence in the position indicating the permanence of a high level of values.