Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-11-14
FOREIGN
WOOL CLIPS COMES
TO THE FRONT
Stock of Domestic Becoming
Smaller on Boston Market
Fair Business in Territories
Being Done.

With the stock Of domestic wool be
coming still smaller on the local mar.
ket, interest in the new clips of Aus
tralia and South America is steadily
coming TO the front. says the Boston
Commercial Bulletin. However, there
is still a fair business being done here
on territory and fleece woods, consid-
ering the comparatively low state OF
SUPPLIES available. In some quarters
II Is estimated that the weeks trans
actions total fully 5000, 600 pounds
which others more conservative In
their estimates, place the activity a.
about 2,500,0 900 to 5000, 600 pounds. A
a matter of fact, the movement o
wool is only moderate, for the buyer
are mostly confined to Representatives
of the smaller mills. The larger con
sumers are well stocked with raw ma
terial for some time although the
prediction is advanced that anothel
squirt in the market will take place
between now and the first of the e
year.
That the large manufacturers as
well as some of the less importan'
ones are well stocked on wool is testi
fled to by the unusually heavy guam.
titles of raw material in warehouses
Dealers claim that of all the wool ir
bonded warehouses which is taxing thu
storage capacity to the utmost, from
as to 90 per cent is owned by manu-
facturers. In ordinary warehouses i
is almost impossible to obtain room
for the storage Of wool in quantity.
While the above shows that there
is considerable wool unconsumet
though owned by the mills it is con
tended by some of the most astut'
dealers in the world that all the raw
material from America, Australia anC
other producing countries will bt
needed to take care of the increasing
demand. New mills are being erecteC
in this country for which wool will b.
required. Furthermore, cotton on tn
extreme price level now current II
not particularly attractive to manufac'
turers.
1t is impossible to find a dealer II
Boston who believes that the marke'
will suffer any material decline il
values for months. Every merchan
is looking forward to a continuation
of present prices although all believ,
that a lower level in Australia woulf
be a safer one. With a firm belle,
in a maintenance of existing condi'
lions, every house in the trade Is hold
ing for top prices and concessions are
out of the question. The manufacture
er who bids even a fraction under the
asking price is permitted to go away
without obtaining the desired supplies
In several instances, the raw matcrial
is later obtained by the payment of the
dealers price. In n recent case this
was particularly true. a manufactures
who offered 34h cents on Ohio quar-
ter-blood last week without success
having just paid the asking price of IS
cents on 100, 900 pounds. thus estab-
fishing a new high figure for that
grade. The demand is fairly well dis
| tributed among the available offerings
of territory wool, such as oregon,
| Wyoming and New Mexico. Idaho and
Utah stock have been exhausted for
some time. and Montana fleeces are
pretty well cleaned UP with one or
two exceptions. New Mexican Ii
reaching a lower point every week.
for while the sales are not individual
" heavy the aggregate foots up quite
substantially.
wyoming wool in the original bags
is still moving fairly well on a basis
of 25 to % cents. II is reported that
the remaining supply of this wool
ranges between 100000 and $780,
600 pounds. Further moderate trans
actions in original bags of Montana
are told of with prices still at % to
2S cents. For fine medium and half
blood New Mexican up to IS cents and
even 26 cents in some cases. is being
paid. Fine staple oregon is also NOV
ing with moderate success on a grease
basis Of 25 TO &c cents. Secured woods
are having q fair call, with sales taxi
ing place at a range of sS to IL cents
for fine medium to fine. A little
Northern California is moving at
about eS to 20 cents in the grease.
Texas wool is still exciting the inter
est Of manufacturers. b.; they are not
willing 10 pay asking prices so no