Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-08-25
IMPORTANT BUYERS
IN THE MARKET
FOR WOOL
of the Week 1885,
900 Pounds Quick Delivery
Demanded and Good Wool
Wanted.

The local o market now is only
out of wool, for the few who arc not
enjoying the business going to some
of their competitors. Without the
extended period OF inactivity quite
generally expected, the market has
resumed a substantial activity, par
tieularly large in character, due to tho
presence of the more important buy
ers in the market. who are doing
more than looking around Sales
Of the week were 41,375.000 pounds,
says the American Wool and Cotton
Reporter.
This general buying has much in
iluencc ON the market, not so much.
perhaps. in the nature of advancing
prices. as in convincing the wool
trade that their belief in the value of
wool is substantiatcd and, barring
some untoWard event not in the pros
pcct at present, the wool market is
destined to make new history this ycar
and shattcr all preccdontS.
Want Quick Delivery.
Few, if any. years in the past have
developed trading conditions OF n
character even resembling those at
present influencing the market. The
domestic wool clip is about the same
size as that of last year, and general
~ speaking it compares very favora-
bly, with that of the previous year in
quality. there being good lots and
poor lots about as usual.
While the domestic clip remains
about normal, the machinery used IN
manufacturing the wool, into cloth
has increased to a phenomenal cX-
tent. ana where altoroth"r too large
a percentage of it was dun a year ago,
1t IS the exception rather than the rule
at the present time to find Il plant
smut down, or to even find one not
running VII time, with overtime in
many spinning departments.
The cry from morning to night is
for quick delivery. Not Il few wool
houses with extended lines Of sample
bags out in the hands of the manufac-
turers are frequently called to the tcle-
phone ana asked If such a lot Of wool
can be shipped today or tomorrow
the question of delivery being of more
Importance than price. and the ship
ping departments of the big wool
houses are the most important depart
ments nowadays. Business is being
done at a rapid pace, and payments
are surprisingly prompt as we'll, so
that the money usually tied up in the
wool business, SO far as dealers are
concerned, is smaller than in many
years. yet millions Of pounds more
wool have been sold than at the same
period a year ago,
Market Ahead OF Normal.
In fact the present market is six
weeks ahead of normal. and under the
circumstances no N a single
lnanufactur of buying wool for specu-
so that evidence seems suffici-
to justify the belief that there has
oeen Unprecedented goods buying and
best feature is the prospect of full
deliveries where the fabrics are up to
specifications in all respects.
The speculation in goods is also q
natter of the past, due to the firm
of President wood of the Ann
'rican Association of Wooden ana
Norsted Manufacturers, 81 that when
We consider the present situation from
I'll viewpoints ii looks strong, so long |
IS substitution and overpricing are not
The market is no higher. in q broad
than in the recent past, nor is
t lower. Adjustments have been made
ltely in prices strictly in keeping with
he qualities Of the wool offered, ana
Il some cases there have been rcduc-
ions while numerous grades have
zen marked up, and quality justified
he change in every instance.
These adjustments could not BE-
lade earlier, simply because no ON"
new what would be the result of
in advance. Now the many
nown and unknown clips have beecn
pened, ana hcnccforth the trading |
i'll be confined more Ia specific
rades than in the past, and in a gem
raj way the woods are looking well
nd meeting every critical tests.
Want Good Woods.
There is no mistaking the policy Of
he manufacturers in getting full value
,r their money. They must have eX-
,tly what they pay for, n narrow
lg the grades has proven successful
the few instances where il has been
tempted. This course on the part of
ayers is nothing but good business,
nd in turn they are finding their Gus
'mcrs. the clothicrs and cutters-up,
lily as careful in taking cloth. and it
"A pressing case nowadays when any
ling under specification gets by the ,
.spectors Of the cloth. '
Naturally the territory woods are of