Albuquerque morning journal., 1908-07-01
LACK Of SNAP IN
WOOL MARKET
At BOSTON
Due to Scarcity of the Buyers
Ready to Purchase at Pre-
vaiIing Pricesi the Territory
Woods Are Quiet


Boston, June 3O.-Sales for the
week 3,697,OO0 pounds The week
under review has been broken by a !
holiday. and as poor excuses are bet |
for than none, it may be well to
credit the prevailing dullness to the
holiday. says American Woo. and Cot
ton Reporter. Whatever may be the
cause. there was a lack OF snap in
the local market. due entirely to the
scarcity Of buyers ready to buy at the
prevailing prices. But the turn has
been about reached. as not q day
masses that buyers are not in the
market looking around, and there is
mere Interest than has been shown
for some time, owing in measure to
the firmer tone prevailing every
where that wool is sold, and some
business is being placed for future
delivery.
The buyers are actually bidding for
wool that is suitable for their pur-
poses. but the price is below what the
dealers consider fair. and most of the
low bids are being refuser. AS the
weeks pass the bids are being raised,
and the price difference on number
Of big blocks is now narrowed to such
close margin that some substantial
sales may be looked for at any day.
Two Features OF Market.
! There are at least two features to
the market that are being carefully
considered The staple woods are prac-
/ ticaly gone and the clothing WOODS
are being transferred to mills in mod
crate quantities each week, so that
/ they are being absorbed and the best
remaining Is taken at each sale. The
now clothing woods cannot be sold at
profit any lower than the prices at
which the old woods are being held
| 90 the only question is that OF carry
| ing charges, and some of the mills are
about ready to assume that charge to
| insure a supply of desirable wool for
needs of the immediate future. All
that remains TO close the pending
deals is a slight concession on the part
of the dealer. or slight advance in
the bid of the buyer
! There Is no secret made of the fact
that mills are bare OF wool supplies,
and there would be a much easier
feeling among those responsible for
keeping wool ahead for manufactur-
ing needs, If their st0rehouses contain
ed more wool. Yet there Is the hope
based on the course of the market
during the past five or six months
that prices will be lower and then they
can stock up. But II looks as If the
bottom had been reached two weeks
ago and the tendency now Is toward
firmer prices for staple and medium
wools. with a little better tone to the
clothing woods,
No Help From London.
No help can be looked for from
London at the July sales If there Is
even moderate competition for woods
suitable for use I'm this country and
not few sales TO be maintained in
July. provided the goods market here
continues to improve as IL has dur
ing the past few weeks. The improve
ment Is gradual. to be sure. but It Is
unmistakable and more liable to gath
er in volume than to recede,
The grower should receive price
based on fair profit in Boston ia
the dealer. and the present bid prices
for the new woods are as high as VIII
permit this with any degree Of safety
under present and immediate future
conditions There are some new fea-
lures to be considered this year IN
handling the wool clip, and none arc
favorable to the dealer.
i Fleece situation.
| The fleece situation Is far from sat
Ikfactory. There u price difference
] = am=nihe grower and the dealer
necessity. he conaidera-
= there can be any