MOHAIR PRICES.
The price of mohair has fluctuated with the caprice of fashion. Supply and demand are the essential factors in its valuation, but demand has been so influenced by the requirements of fashion in the past that one finds a wide range in price for the raw material. In a report issued by the Bradford Observer we find the price ranging from fifty cents a pound in 1856, to eighty cents in 1866, ninety cents in 1876, and then down to thirty cents in 1886 and 1896. In 1903 the average price in the United States was about thirty-five cents a pound, and for 1904 about thirty cents a pound.
READY FOR THE SHEARERS.
To-day there is a demand for mohair, regardless of fashion. During the past two years the price of raw material has been low, but there has been a margin of profit in the industry, and considering the fact that fashion's decree has eliminated the manufacture of luster fabrics for the present, the mohair producer can feel assured that there will be a steady market for his material. With the occasional good times when luster goods are in demand, the mohair grower should do well.