Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-05-07
Nd WEAK SPOTS ARE
APPARENT IN THE
WOOL MARKET
Enthusiasm is Lacking How
ever Owing to Narrow SeIec-
ton; Small Lots of Territory
Still in the Boston Market,

il hbNi1 Al
4 task to locate any material enthu.
siasm. But the market is remarkabl!
firm. and so far investigation has
failed to bring to light even m weak
snot sales last week were $50, 00G
nonnds. saws tht American Wool and
cotton Reporter. The bulk of wool
from which the may select
his needed supply is of foreign growth
and now mostly slowed away under
me watchful eyes OF Uncle Sans
Guardians. and no one owning a block
of this wool has the slightest feeling
of uneasiness, as everything on land
NJ present prices shows a fair profit.
sales Largely Small Lots.
sales are not of heroic size, to be
sure. but the big consumers and the
smaller ones are taking out more or
less wool every week, and il is a per-
fectly safe assumption that not a
mound is being taken out of the mar
ket the way matters stand, unless
there are orders Oh the mills books
for the cloth for which the wool is to
be used.
No one is taking chances on the
future. Consumers would be exceed
lngly well pleased to be able to break
the present strong market and n
reason for the moderate sized but
frequent purchases is believed to be
dnt to a distant hope that, prior to
the arrival of new domestic woods,
there viii be a temporary break, This
looks now to be Il forlorn hope. as
goods orders are coming along alto
gcther too rapidly to weaken the mar
ket particularly when it is fully be
lievcd by the trade that early in My
there must be heavy purchasing by
not a few mills that use up a million
or two million pounds of wool in
short RIDER.
Western Lots are Reduced.
In domestic lines the only woods
worthy of consideration are the Cali
%fornias, a few Texas lots and the
secured wool that has been sold and
resold numerous times within the
month, and each week finds the
choicest lots of these limited supplies
taken out for consumption, so hat old
domestic wool cuts little figure in pres
ent calculations. OF the western lots
that have been held in reserve. the
uudnAiAA - ~ ~ AaiiN i''NtN'
and a large part of the st. Louis and
Chicago stocks are now en- route to
mills or to Boston and Philadelphia
warehouses, 10 be graded up and
shipped out as quickly as possible.
Western contracting is less pro-
nounced principally, perhaps, because
prohibitive prices are asked for what
remains open to contract or purchase. :
The buyers and their brokers have ,
for the bulk of what they
believe to be the best woods in the
west, and if the balance can be sold
for the prices now demanded by the ,
growers the choice territory woods :
will prove a highly profitable pur- ,
for the dealers. But there Is a )
top price and, In h judgment of the
wool men, it has already 1,
been reached and further advances /,
viii endanger the whole market.
Against his belief is the undeni- :
ible fact that the combers are using
yOols that a few years ago it would y
AVE been considered impossible to :
Use for worsteds and the French spin ."
are fitting in with their product. :
which is close TO the wooden effect !
shen put into cloth, and it is a trade :
worth considering that the u
of so-ealled worsteds construc-
ion having an unmistakahle wooden {
are very popular at the v
resent time. "
Demand May Broaden Greatly. r
This condition of affairs is rather u
lteresting and leads not a few TO "
ne impression that the popular fancy =
undergoing a slow but sur change, II
nd really before it is fully compre- II
we will have n publc-demand d
IT woolens that viii be of greater o.
'lume than for some years past. q
the combers going into shorter j.
all the time the supply of cloth y
* wool is presumably to be reduced, CT
I'd the danger of the price for the NJ
tier working up to figures nearer %
Ie price of comhing woods does not NJ
assure many of the wooden men II
no are holding on for the return of
II;
Pulled Woods. g
While prices are fully maintained 1u
established last week. there Is no dc
rther advance in regular lines OF ro
He'd woods, except in the choice te
lots that are at this writing br
cleaned up. The demand m
htinues for practically everything sa
and especially is this the l..
Sc with any line of wool that can te'
worked on worsted combs. The o.
g-wool season is about over, and
e shearings are commencing to ar Br
e. Some fairly large lines of Pa no
lc coast pulled woods have sold well II,
ring the week and for hat matter
ring the past four weeks. some OF Ju
P weekend buying was of a specu- lin
I'VE nature. but, generally speaking tn;
2 wool that has changed hands was be.
immediate use. we
Territory Woods. sis
small lots of old territory ths
are still in the market, held by ths
hers for a price. and more or less int
II goes out each week as the ask tor
price is met. Some new woods are tha
J forward, but principally only She
hple lots. and about all of the do Lol
site wool that Is on hand and for hon
2 Is the remaining lots of Arizona, an
zen sell for % "a cents and SOM fol
me best up to 24h cents. This lat ser
WOOL will cost around IS cents fer
an out the offerings of this partic- VIII
.. grade are limited and the bulk the
eny wool has gone out on a basis mo
roSc clean. \ few lots OF Idaho y
".ohtI1g Oh WOOL have bel0 Il-hel
o. "A total rrrhap s II .sa0.- dec