Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-07-06
OUTLOOK N WOOL
IS DECIDEDLY
IMPROVED
Consumers Have Come TO the
Point Where They Have to
Have the Supply and Price
is Expected to Climb.

Boston, Mass. July 5.-Sales of the
week. $4,000 pounds. The time has
arrived when the Of wool
are confronted with the same old
problem in a new form, says the Am
erican Wool and Cotton Reporter.
They must have wool to fill orders.
II the serious question Is whether
To buy sparingly in hopes that prices
will lower or whether to buy liber-
any under the assumption that prices
have already touched bottom.
For the past two or three weeks
there has beer 2 sort of buving sDasm
which has carried as far west as the
growing sections, and some dealers en-
tered into rather surprisingly spirited
competition for lots of what appeared
10 be very attractive woods. so far as
quality goes. The competition lasted
but a brief time and those participat-
ing-9re- Specializing rather than buying
10 supply q legitimate consumer de-
mand in the east.
Dealer Must Look Ahead.
UnquestiOnably the wool dealer
must look several months ahead when
UNI Il SUM Vi h1A NObls III =
is his Individual Judgment against the
field in arriving at a range of prices
that is safe to offer for the wool he is
likely to need. No two dealers can
exactly agree as to the probable flu
ture curse of the eastern markets, as
there ls an entire lack or harmony
among the eastern dealers. each n
operating for himself alone. and it is
in this single purpose that the grower
is almost without exception the gain
or. One dealer likes the looks of a lot
Of wool and not ~infrequently bids up
the price. not so muck on recount of
his need for II, perhaps. as a definite
purpose of preventing his competitor
from securing II. Here is where the
grower scores the low bids for the next
lot are started. In this way the west
ern market has been pushed up from
] to 3 cents a pound since the new
clip. season opened, and the goods
markets. to warrant this advance, are
purely speculative.
There is a steady demand for staple
woods. for anything hat can be used
10 produce a worsted yarn. and in
fieeces particularly there is a manu-
featuring interest that is growing as
the weeks pass. The local market Is
practically cleaned up so far as fleeces
are concerned, even the common lots
that could not be given away two
months g finding a ready market.
Noils are also in better demand than
they have been at any time previous
to the first of June. but the trading
IS now narrowing down somewhat.
where for several weeks it was quite
general in character, at reasonably
good prices.
The contraction in Montana was at
prices equal to the full values of III
wool secured in the east. n IL is by
no means certain that the contractors
have any better bargain than those
viii secure who wait for the shearing
and buy from samples. Still, there is
not much risk in taking the Montana
woods around 15m17 cents. as there
is always a demand for the staple
grades that the dealers have never yet
h"on able to supply with domestic
wool. i@FFN
Influence of London Sales.
The Loncon sales opening on July
IA. will have some influence on the
situation in the west. The effect will
be purely sentimental, as the situa-
ton in London is not the result Of
supply and demand so much as OF
manipulation. IT the offerings OF WOO