From the foregoing estimate the world's supply of mohair may be stated as twenty million pounds annually. Australia is as yet producing only a very small amount.
Practically eighty-five to ninety per cent. of the world's supply of mohair is handled in Bradford, England. Nearly all of the South African and Turkish stuff is shipped directly to Bradford, a small amount of the Constantinople export coming to America, but a large part of the American import comes from Liverpool, England. At Bradford the raw material is manufactured, some of the manufactured stuff being exported as yarn, but the larger part is used to produce the finished article. The remaining ten or fifteen per cent. is manufactured in the United States. At times the demand for mohair goods stimulates the demand for raw material, and the United States has been known to use from twenty to twenty-five per cent. of the world's supply. To recapitulate, the United States produces five per cent. of the world's annual supply of raw mohair, and manufactures from ten to twenty-five per cent. of the world's annual production.
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.
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.
The goat should be shorn before he commences to shed, as the mohair loses its weight and luster after the shedding process begins. There are a few goats, which, under certain kinds of food and climatic conditions, will not shed their fleeces, but most goats will shed, and even goats which have carried their fleeces over a year in one section, may shed if they are moved a few miles and the food is changed. A class of non-shedders would be very valuable, but so far a distinctive class of non-shedders, under any and all conditions, and which transmit this peculiarity, has not been identified. The Angora goat will usually commence to shed early in the spring, or as soon as a few warm bright days come.