Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-07-28
WOOL WORTH MORE
THAN It WAS
MONTH AGO
Somewhat Cheerful Tone to
This Weeks Report Upon
Boston Market What Is Do
ing in Other Markets.

Boston, Mass. July 26-SaIes for
the week, 3.45o.OOO pounds. The fea-
ture Of the week under review Is a de-
cided Improvement in the tone of the
wool market and a feeling among the
dealers thai wool is worth more than
it was a month ago. says the American
Wool and Cotton Reporter. Conse-
q|uently prices are a little firmer. al
though the manufactures Is not hun
CRY for wool. and the volume of bust
ness made public is not much differ
ent from what was reported last week.
There is no doubt that wool suitable
for America is in good demand at the
sales now i'll progress in London. and
there is very little doubt hat the man
ipulators of the London sales will feed
the Americans just sparingly enough
10 keep the prices as high or higher
than now prevail, and there Is the
same likelihood Of Fictitious prices be
ing paid in London. as has been the
case in the recent past in the west.
staple Woods Not Dangerous.
Staple woods at prevailing prices, II
W - VEINS q ilthihf II AHhN hbFt a. iAli
share OF staple, are not dangerous to
buy. but there is not likely to be any
rush of manufacturers to get the wool
from the dealers in large. quantities for
some time to come. as the goods situa-I
ton has not yet given any indication
of making il necessary for mills to put
in large supplies of wool.
The lightweight season is now open,
but no one expects "A heavy initial or
dering. so that dependence is placed
upon the recorder business that win
come from four To six weeks hence,
and until the goods demand MATERIAL
ly increases the manufacturer is quite
willing TO permit the wool dealer to
assume the carrying costs Of his raw
material. All consumers of worsted
woods are taking on some supply and
the new territory and fleece woods
coming into Boston are having the
widest distribution known in many
years. individual purchases are rela
lively small, but every one using sta
pie woods is taking a little. This makes
the total sales for the week of larger
amount than one imagines until the
field has been canvassed.
Sampling is a Feature.
Stamping is another feature of the
situation. Thousands OF bags have
gone out during the last two or three
weeks solely for sampling purposes,
ana about everything available has
been thoroughly sampled and the buy
FRS know pretty wen what is to be Of
Tered them. Generally speaking, the
fine grade woods are showing up well
they compare favorably with those Of
asst year, both In quantity and quality,
at prices at which they are offered !
is a reasonable manufacturing q
Profit in them. /
II the lightweight season gathers Z
as the weeks pass. or ii the v
'eorder business late in August or ear
y in September is normal. the price Il
low asked for staple wool will be low
The other p I'd. II the season is as
.rratic as the last heavyweight season
here will De no immediate reason for =,
TO sell any higher. and il will :
'e fortunate il present prices rule. The /,
uture is a gamble. so far as wool is =
oncerned. and the grower who has his I
money in the bank is likely to be bet !,
-r OFF thar the one who has his wool y
n hand. paying storage and interest d
ildIEtS
There is little il any change Ia the .
wool situation. Old wool Is !
and $50 Is new wool Some :
I both kinds Is selling every day. but
he trading Is 81 a hand-to-mouth
haracter. such as il has been for the
six months. As the grading pro-
resses the usual quantities Of low =,
woods are found and as has al a.
been the case there will be a nj
Of staple wool n an album W
ance Of clothing grades. with the end Ca
the wool manufacturing industry IN
sing the clothing woods seriously cur y
.iled by lack Of orders. While the "
.anufacturers OF fine worsteds arelSi
,tting their usual demand. a,
Two MetlI0ds la Iorcr.
There are two methods Ia force Iva