Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-07-22
OLD WOODS CAUSE
GRIEF IN BOSTON
MARKET
Supply of HoId-Oyer
Clothing and Poorer Grades
One Cause of Inactivity in
the New WOODS.

Boston. Mass. july 2l--Salcs of
the week ~4.zs5.0oo pounds The guam
tity Of clothing and low grade woots
left over from the last season is .
matter Of considerable importance IN
the Poston market and in a sense ana.
neld-over wool is a depressing inllu-
encc OF progressive operations in the
west By not a few local wool houses.
says American Wool and Cotton Re-
porter. The estimates OF heid-0ver
clothing and poorer grades rage
from 5o.000. GOO pounds. which is ex-
trsvagant. to 100000 pound,
which is low. and IL is probable that
more than 20. eco GOO pounds could De
found in Boston if there was any ~
casion To disclose the stocks now in
storage
Interest in Staple Woods.
With 20.eoe. 80e pounds Of old wool
on hand il is perfectly safe to expect
a lack Of interest in neW WOOls ru..-
ming mail proportion L staple. and IN
consequence the interest in the west is
in staple WOODS. such as are coming
from Oregon and Montana In that
state some buyers have plunged quite
extensively and plans 10 get big blocks
Of Montana wool on the fifteen rent
basis have all gone astray except in
the case of a few energetic houses.
and the number does not exceed two
Those houses went in early for staple
WOODS, beginning in Oregon. and while
the big fellows. so-called. We're think
ing il over. these smaller houses were
picking out the choicest lots at the
lowest prices
Now that prices are two or three
cents higher han a month ago. there
Is some Of the OId-time scramble to
get the wool. and unless a a is call
ed fictitious prices will b. paid. For
goo Montana wool Il cents is not
a bad price. all things considered. as
times must be pretty bad when this
figure. with carrying charges added.
al not be secured for the wool There
is never a time when choice staple
wool is much in excess Of demand.
and neither does a year pass that the
domestic staple comes anywhere near
supplying the demand. So that at II n
II lie the purchase is a pretty safe
but lacking any ~aIIuriug profits
TO the buyer at the present time
Recovery j. Show.
The recovery Of the goods market
is ex-sspeTatingly slow. but in a broad
sense each week finds conditions bet
ter still. there Is nothing to
age heavy buying BY the medium
sized mills. only in quantity to meet
orders as they are received. and the
chances are in favor Of a large piece
meal buying all through the present
Weol year. a policy that viii cause in
carrying charges FOR the
dealer.
Reflections are another important
Probably at no time in recent
years hav reflections been so large in
proportion 10 the weight Of original
purchases as since the Ist Of January.
There Is no manufacturing rush what
n there is plenty Of time to crit
cally examine all wool received at
mills. and this Is lone to an ex-
.ent seldom before Known.
One of the good features Of the wool
situation is the easy money market
borrowers can get plentiful sup
slies Of money at 4mZ4 IL per cent.
with ; per cent the top rate. and the
j. practically unlimited. so that
Earring heavy plunging. which m
interests will summariIy
heck. there Is plenty Of money TO fin
nee h wool coming east The pres
nj loan rate is in refreshing contrast
o the : and 9 per cent which some
4 the Trade were taxed 10 add to the
Of carrying old clip wool sew