Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-02-14
FOREIGN WOODS IN
L|MEL|GHT IN
MARKETS
Stocks Of Domestic Rapidly
Getting Narrowed Down to
Selected Lots on Which
Holders Want a First-CIaSS
Price; Territory Trade Light

The interest in the wool market
during the past week has been large
~ conferred in foreign woods, aud il
could hardly be otherwise if any in
terest was to be shown, as the stocks
OF domestic woods are fast getting
narrowed down to selected lots of
pretty good wool. on which most of
the holders purpose to get a higher
price than the manufacturers are yet
willing to pay. Sales of the week
were 4,255,000 pounds, says the
American Wool and Cotton Reporter.
Quick returns and small D~,fits
appear to be the order of the day in
not a few WOO houses and brokers
offices, md the average wool dealer
takes to gambling in wool. as they
term it speculation. as a duck takci
to water, and the speculative era is
or us in considerable force. esp scially
in the foreign woods. of which thcrc
Is a reasonable supply in Boston, with
o generous quantity afloat. ana more
coming from the London sales.
Cross BREEDS Stir Interest.
The chief interest has been n the
croSs-brcd woods thai have been in
Boston stocks for some time. Pre- :
have responded in Il measure to the
abnormal prices paid abroad, and
llii nOlAtiS ndNf Dttl NtIN Nlllfff+ w
shift a portion of their carryin load.
and the spectators nave found what
has proved a fertile field for thor
operations and several thousand
bales Of New Zealand and South
American cross-breds have been dis
posed of at a small but quick profit,
and the trading continues on q tasis
al least n cent a pound better tha1
i'm previous weeks in the recent cast
American IkltinU IL IRfLtpsS
London is particularly pleased At
the seemingly reckless but intermit-
tant buying of America. and London
sales are up or down according to the
buying of the Americans. one day
there win be few if any buyers for
America and the price is off and the
sales dun. The mex day all the
Americans will be in and rush prices
up. perhaps to higher levels tina the
opening. and they are fed literally
when the excitement is on in fun
force. There is almost a certainty
that disappointments and losses Will
follow what seem to the careful OBJ
server here reckless buying.
There is plenty Of wool afloat from
Australia, New Zealand and south
America to supply probable needs for
some time to come, n no manutac-
turer Is SO well supplied with orders
for delivery in the spring and sum
mer that he can be expected to be a
liberal purchaser Of these foreign
woods at the fictitious prices at which
they must be sold to slliow OF profit
The manufacturers have been taking
a lot of wool since October, and the
goods orders have not been sufficient
to use IN all of the wool, by any
means. so hat the mills are larry
well supplied for some weeks ahead
and only in case of greatest necessity
will they pay fancy prices with a new
clip now started, and to be IN run
swing within eight or ten weeks.
Pulled Wool Markets.
There is a moderate but very steady
trade in pulled woods at firm to higher
prices. according to the particular Sc
l~ections offered or the Willingness OF
the buyers to axe the WOO at asking
prices. There is no anxiety on the
part of the dealer to sell his wool
and on the other hand some dealers
are refusing wool. except to their old
customers. at the present range OF
prices. Worsted spinners are the best
purchasers of all the pulled WOOL
suitable for combing, and as much as
co cents has been paid for double A
secured. Lots of $50 bags of fine \
supers brought 5Sia a So cents, and
200 bags sold at 81 Y a 5S cents. West
ern r supers have sold for so cents,
sales Of $4,000 pounds being reported
at that price. other sales include a
supers and other grades down to the
poorcst lots in Boston stocks. ana all
at good prices.
coure Woods Good Sale.
Some substantial turns have been
made in secured woods in trades