Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-06-16
BOSTON DEALS IN
WOOL FOOT UP
BIG FIGURES
Market Very Strong and Past
Weeks Business Large;
Trade in West Shows Signs
of Quieting Down.

The Boston wool market Is very
strong today, and although business is
apparently more quiet on the surface,
the transactions in wools to arrive that
are being consummated without pub
licity from day to day foot up very
handsomely. and they make the ag-
gregate distinctly substantial. says the
American Stockman. Details of these
transfers are not obtainable now, but
the reports current among the trade
are sufficiently trustworthy to war;
ram the statement that the weeks
business as a whole is very satisfac-
tory TO dealers. 1t is said that the
sales during April and May were prob
ably as large as have been recorded
for a number of years. Everyone
seems to feel that the outlook Is
bright. and that the wool market and
the goods market are fast approach
ing an era of unprecedented prosper
ity. In the fall trade is expected 10
DE on a sound basis in all textile
quarters.
Most of the present activity is IN
new territory woods, for foreign stock
is low except for the purchases at the
last London auctions, which are ar
irving, while bright woods are not at
tracing much attention at the mo-
ment on cou of the prices rul-
ing, which are very close to the inn
porting point. The easier tendency
on domestic quarter blood fleece woods
started in St. Louis on Wednesday.
as a result of the unwillingness Of
manufacturers to operate at the
prices asked. Dealers lowered their
asking prices about one cent. One sale
of Kentucky WOO was made here sew
eral days & at 35 z cents. but fur
ther transactions can be put through
at 35 cents. Today Missouri and In
diana quarter blood is held at "a
cents and Kentucky quarter blood at
35 cents. In other words, dealers or
now willing to readjust values so
that may be induced to
buy supplies, but Notwithstanding the
reductions, manufacturers are still
rather reluctant about taking addi-
tional woods at this tins.
On the other hand the territory
wool situation is firm in every par
ticular. and dealers are disposed to
sell new clips only when satisfactory
profits are o~btainable, for they believe
that they will get high prices during
the entire season. Early purchases
in the west made when growers ideas
were not as lofty as they are now are
being marketed here without diff
Guilty, in fact they are changing hands
as quickly as holders wish. 1t
is said that a prominent nous has
sold nearly 1000, 600 pounds OF Titan
wool in the original bags at a hand
some profit, while others have moved
their holdings very steadily and in in
~dividually large amounts. The move
ment includes wyoming, Utah, Ne
vada and Idaho stock. mostly in the
original bags. Owners of the new
Montana clip do not appear disposed
to sell their wools to arrive, as they
believe that it is more profitable busi-
ness to hold these choice woods until
later. A line of 100, 600 pounds Of
Tennessee WOOL, half of which IS
three-eighths grade and half quarter
blood, was bought the other day at 80
cents. to be delivered in Boston. For
Montana staple wool there is talk OF
80 cents, and the manner in when
other territory woods are selling NJ