Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-08-12
MIDSUMMER QUIET
IN THE WOOL
MARKET


ietHlbii Nh9s7f' "a hh-. tA-l ilRiN lS a.
midsummer quiet in the market, per
haps more pronounced this week than
for some time past, Yet the dealers are
actively engaged TN opening the new
woods that are arriving in large uuau-
titles and grading them up and get
ting their warehouses; into shapS to
intelligcntiy show prospective puf-
ehasers exactly what there is for in
~speetion. and at ruling prices and flu
ture prospects there is no particular
anxiety to o the new woods at this
early stage, says the American Wool
and Cotton Reporter. Al the matter
stands the dealers are standing pat"
They have much less money invested
in new woods han at any like period
covering the past three or four years,
and what money has been required
has been available at much lower loan
rates than last year, SO that carrying
costs are reduced for the present at
least.
How long such an easy condition
Will prevail depends entirely upon the
near future demand for the new woods
by the manufacturers, and no remarks
able activity is looked for during the
present month.
Prospect Not Very Bright.
The demand for goods will natural
~ govern the future, and aside from
a fairly normal demand for worsteds
and ~high-grade Woolens it Is some-
what uncertain as to an active goods
market until quite late in the fail, So
far developments in New York do not
lead to a great Teal of encouragement
for goods that require the regular
clothing woods hat are in such album
dant supply, but there is every indica-
ton hat all of the staple woods avail
able will be required, and his con
dition has strengthened the market
position of these particular grades.
The dealers getting them at 15m16e
viii have a good margin of profit to
help balance up on the lower quality
woods, while those buying at 17M1gc
will sell at a profit, but Will not be
favored with as large credit for aH-
%eraging.
Firm Tone iii Market.
The market is rather firm han 9th
erwisc, and there is al unmistakahle
undertone of strength that appears to
discount a higher range Of prices With
in a few weeks, When the woods are
all opened and graded. The showing,
as we expect, will be fully up to aN-
erage. IL not a little better han av-
eragc. Just what position some of
the dealers viii take who bought sta
pie woods early. or contracted for
them from l5c to lie a pound, is one
of the problems confronting the trade
At the moment these dealers are
not inclined to sell below a market
price fixed on Il basis of the higher
prices paid in the west, ana IL they
hold out they are gamers by a cent or
two cents a pound over those who
bought later.
ON the other hand. should they de
eide hat the manufacturers money
was better than the woll at one or
two cents below the market. condi-
lions would be generally unsettled for
a time. as enough wool is on hand, If
its owners choose to sell, to supply
all required quantities for a number
of weeks, and buyers stand ready to
take substantial lots at the reduced
figures, but since the close of the
trades for q large Rhode Island man
ufacturer. who got his wool . cents
a pound lower than it can now be
bought for. there has been no notice.
able eagerness ON the part of the deal
ers to sell out
Pulled Wool Market,
While trading is not active in pulled
woods, there is a steady demand for
practically everything offered, ana the
lack of desirable woods is largely re
sponsiblc for the quietness in this
branch of the market. Winter woods
and everything suitable for combing
purposes are well sold up, and new
lambs wool is not coming ia in cs-
pecially large quantities, SO that the
decks are pretty well cleared in the
pulled wood department of this mar
ket. The prices ruling for the past
few weeks hold, but there is a proba-
BILE advance due in the near future as
the woods begin to show longer staple
Dealers are keeping very close
watch on the market, and are buying
with moderation every day. Sales for
the week are l50,0O0 pounds.
SECURED Woods Moderate sale.
only a moderate demand is report
ed for secured woods, and What bust
ness has been done was Of a small
volume. sales running from twenty
five to nifty bays to a customer, 60 b"
largely FOR making samples or
piecing out some orders for goods
Prices are unchanged. 50m52c being
paid for tho best and 47M $50 for fine
medium. Sales reported, 10000
pounds.
Ohio Tlceccs Good SELLERS.
The center Of interest and activity
is ia fleece woods. and quarter hloods
are IL the greatest demand. some
quarter selling up to 26r during
week. This is tho top price for
season. and equals the price for
threc-eigbths blood aeccces out
n Ohio THAI have old during the
week
Among sales were Is. 900 ohio quar-
.crs at 2sc. $50. no0 Michigan quarters
- n a i-zD. 100. 900 Ohio quarters
II % f-2n4ee. o 1000 Ohio quarters
ct 26c. I75.noo Ohio one-half and
hreo-eighths bloods at % 10 n 27c,
5000 Ohio three-eiEhths blood al
,6c. $4,000 Illinois and Wisconsin
quarters A. % % 1-2c: 10000 Mis-
quarter AZ 2fc. and p 5000 ohio
lalf blood 1T 27e.
Wool from Territories.
oregon and Montana staple woods
been the feature Of the market