Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-10-08
new MEXICO AND
WYOMING WOOL
IN EVIDENCE
Supplies of Territory Seriously
Broken Into; Boston Market
Reported in Strong Position

In the Boston wool market the ad-
vanees noted at the opening of Sep
TENDER London auctions. amounting to
10 per cent. on merinos n to II
per cent on crossbreds had little eff
feet on the local situation for the rise
on the other side had been expected
for more than a month and q stiftef
foreign market had therefore been dis
counted, SAYS the Boston Commercial
Bulletin.
The local market is in a very strong
position with dealers somewhat iirmet
on asking prices and manufacturers
more willing 10 pay quotations IN
other words both seller ana buyer are
on a satisfactory trading basis and in
consequence, wool is selling steadily
and in good volume.
London Is higher. the Continent is
dcarer, and, according to n cable re
ceiver from Adelaide. Australia.
Thursday morning, the opening sale
at that place was held on the twenty
third. with an advance of nearly 20
per cent. over the opening rates of a
year ago. All foreign markets SOON
to lack restraint in their upward
tVtiISfs ana ~ Nllhi u "AANN
have gone before the close of season
no one cares to say.
With such strong conditions prevail
ing abroad. and with the outlook dis
tinotly ~favoring extreme prices. there
is good reason from a logical stand
point, for the firmness shown on the
comparatively limited offerings of
wool now available. AS pointed out
laat week, the stocks of 1909 territory
wool in dealers hands throughout the
countr are probably not more than
so, 000. 900 pounds, while there are
still a number Of manufacturers not
fully stocked up on wool to last untli
the arrival Of the new clip.
Manufacturers realize the existing
conditions. and they know that low
prices on WOO are out of the question
this season at least. Conse-
.quently. the far-seVing arc
picking up supplies as quietly as pos
sible whenever wool is available.
During the past week, there was n
fairly good movement of wool, proba-
bly, a%ggregating about eight million
pounds, and all dealers having raw
material sold their woods without diff
ficulty at satisfactory prices. or the
total sales approximately 5000, 600 lbs.
Were of foreign wool; 10000 do
nestle f~leeces, and about 1000, 600
territory and other woods.
A good part of the business WAS ac-
complished Just prior to the opening
Of the London auctions on Tuesday,
but there is still a steady call for
wool. OF c~rossbreds running from 36s
to Az. there had been probably more
on the market than any other grade,
but during the past week. practically
al of those offerings, amounting to
or four thousand bales, were
cleaned up. one house alone, is cred
tied with the sale of 100 bales of SO
o 46s. Cros5breds grading Sos were
llso sold. although the supply of the
crossbrcds has been compare
lively small for some weeks as Il re-
suit of the steady movement in them.
which had been going on while the
over wools had been neglected The
of low crOsshreds is therefore
lbout ali cleaned up now
In addition to the activity that abb |
fully 5000. 600 pounds of avail
crossbred woods, there was also
!; decided increase Of interest in fleece