COMMODITIES: No Tea Party

The Defense Supplies Corp., through the National Wool Marketing Corp., last week began unloading its portion of the null stockpile of foreign wools stored in U.S. warehouses. Despite the suggestion of some of the more feverish U.S. woolgrowers that the enormous stock be tossed into the sea in a modern version of the Boston Tea Party the liquidation was conducted along orthodox lines. With great dignity N.W.M.C. held a two-day auction in Boston, sold 23 million Ib. of wool at prices below the cost of homegrown wools. In Salt Lake City, the National Wool Growers Association was grimly mum. In San Antonio, the Texas Sheep and Goat Raisers Association bleated: “The trade is taking these wools in preference to ours.”