Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-07-01
LACK OF SNAP IN
WOOL MARKET
At BOSTON
Due to Scarcity Of the Buyers
Ready to Purchase at Pre-
yaiIing Prices; the Territory
Woods Are Quiet,


Boston. June go Sales for the
week s.ss7.00o pounds The week
under review has been broken by ii
holiday. and ss poor excuses are bet
Tor than none. II may be well to
credit the prevailing dullness 10 the
holiday says American Woo; and Cot
ton Reporter. whatever may be the
cause. there was a lack u snap in
the local market. due entirely to the
scarcity Of buyers ready 20 buy at the
prevailing prices. But the turn has.
boon about reached. az not a day
passes tfat buyers are not IN the
market looking around. and there Is
more interest than has been shown.
for some time, owing In q measure to
tho flrmer tone prevailing every
whore thai wool IL sold. and some
business IL being placed for future
delivery
The buyers are actually bidding for /
wool That % suitable for their pur.
poses but the price Is hollow what tho
dealers consider fair and most Of the
bids are being r%ofuscr. A the
weeks pass the bid are being raised
and the price difference on a number
biz blocks Is now narrowed 20 such
q close margin that some substantial
sales may he looked Tor at asy day,
Two Features of Market.
There are OF least two features 20
the market that are being carefully
considered. Tho staple wools are fsar
gone and the clothing woods
'rc being transferred To milts Ia mod !
Quantities each week. $50 that )
hey are being absorbed, and the best z
-cmaining Is taken al each saie. The {
clothing woods cannot bu sold a.
profit any lower than the prices at !
the old woods are being held. :
% the only question IS That of carry 7
ng charges. and some of the mills are
bout ready 10 hat charge to !,
insure q supply 81 desirable wool for !,
reeds of the immediate future. All \
hat remains 10 close the pending
.eals IL a slight concession on the part
y the dealer, or a slight advance IN
bid Of tho buyer. KS
There g. no secret made Of the factln
hat mills are hare OF wool supplies n
nd there would be "a much easieriF
ceiling among those responsible Tor n
wool ahead for manufactur
lF needs. II their siorchouscs contain
q more wool Yet there Is the hopo
ased On tho course OF the market $.
the past five on six months 81
lat prices will be lower and then they u
an stock up But it looks a. 10 the y
ottom had been reached two weeks az
and the tendency nov is toward
prices FOR staple ANA medium
oois, with a little better tone TO the
woods.
M Help From London.
No HELM can be looked for from or
ondon at the July sales if there is "A.
'cu moderate compeuton for woods m
for use in this country. and -,
d a fow sales to be- maintained IN IA
as provided the goods market here ~
'ntinucH TO Improve as "a has dur
q the past few weeks The improve SCI
eat is gradual TO DC sure. but u g. fls
lmistakablo and more iiubl. TO gath ics
Ia volume than 60 rcCede.
u grower should receive = price pr
sod on a fair profit Ia Boston TO y
e dealer. and the present bid prices =
r mo new woods arc as high ~ VIII
this with any desroc of safety
der present and Immediate future -,
nditions There are some new fca- 81
res 10 be considered this ssaf IN -,
milling the wool clip and none are of
90 the dealer. e,,
f1cexsc situation. e.,
The neecc situation g. far from sat ola
There Is = price diffcrcncc nal
tween the grower and the dealer .
"a viii. of necessity. he considera- dir
= narrowed before there can be any cot
neral business ID tbs nau ~eeis ser
In the east 40 NOS Nsrrant ave
eI ~ cents for medium and IS cents
= washed on the cars n ohlo. and
, washed sections the growers art T.
ing 81 VI arr storing ltheir wool
h@y-fet IS practically clean y
t'sone ~. -ele and there u--~- =,