Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-10-14
IMP ROVE ENT IN
WOOL MARKET
Weekly Review Shows That
Conditions Are Growing
Brighter in the Big CenterS,

The American Stoekman's weekly
review of conditions ia the big wool
markets OF the country is encouraging
to the grower Beginning with the
Boston market tho Stockman SAYS:
Further improvement is apparent,
Tho week has been a busy n for
most firms, large contracts having
been closed and liberal shipments
made. Conservative estimates are for
5000, 600 pounds changing hands ON
fresh contracts. Some authorities
place the total ut 0.000. 900 pounds.
IT is asserted that considerable bush
ness is quietly put through and not
made public. While it is known tnat
at the time the canvass Of the trade
was made by the reporter for the
Bulletin that a number of good sized
leafs were being negotiated, bua
which had not been wholly completed,
and therefore. are not included in the
list Of sales.
The situation is much healthier and
stronger than at any time since the
beginning of tho year. There is i'm
proVement in the goods end ana most
of the buyers VINO have been opCrat-
ing report their mills running fun or
overtime. The proprietor OF a big
Worsted min says that his plant is
running night and day. rhis, of course,
is an exceptional case. but the con-
census of opinion is hat the outlook
for the industry is much brighter ON
the whole IA thai steady improve
mont may be looked for from now on.
With more machinery running, wool
is of course meeting with larger on
sumption and as mill stocks are gem
orally small, manufacturers have been
bought for Immediate shipment to the
mill.
Firm, But No Higher Prices.
Another good feature of the situa-
ton is that some buyers show a radi-
cal departure from their policy an
through the year up To a. week or
fortnight ago. Several are buying in
anticipation OF requirements and buy
ing because they consider prices low
and wool cheap. This tendency of
demand was noticeable last week. and
is fully maintained this. The market
is, therefore, broadening in this re-
spect. and in other ways also, for be
sides thu comparatively big transfers
Of the week there has been % good
sale to cloth manufacturers and maxi
of uauuols and ~oycrcoatiugs.
The market is firm ON AN desirable
woods, foreign and domestic. While il
may be said to be more Of a sellers
market than il was. it is Impossible
to advance prices even ON supplies ,
are known to BE- scarce Buy .
appear to be willing To- pay cur
rates, but Kick when quoted am .
advance. There are too many sellers
for an advance to be engineered just [
now. II may come later on certain
steady market is the most that can Doc
reported
Prominent Trade.
Demand seems to be quito general.
for most grades except th' poor
'st Of strictly clothing woods Nice 5
lium territory has sold Iborallg. a- s.
thryr-cights blood uo,ccs a a
quantity Of fine deI1inr Gee, ST.
has been traded than for "a long time" q
Fine and % medium territory inc 81
'luding staul" and the best class OF d
lOthing woods. harc been In active >.
movement Practically an of the
New England consumers have
Deen operating. and the big yarn spin q.
lers in tAr vicinity OF Philadelphia .
had ar important place. 90
The manner In which clothing tor y
itorial woods of the best class are be- 3
ne absorbed is considered un rSpc- .
tally encouraging development The =
french lUmbcrs have made big in p
in supplies since IN. new clips
commenced arriving This leads TO
aore encouraging views about the fu-
lre OF strictly clothing woods the de-
for which Is stiI comparatively
Already more interest is h%fiug
900 off, rings of Texas. CiIifur-