Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-12-17
WOOL
SHOWS GOOD
ACTIVITY
Pounds New Mexican.
Changes Hands at Around
22Hci Hundreds of Small.
Purchases in Boston,

|o3 J'oN DitAt Gut anu ht0D SlONkS
flied against working riders or or
ders booked ahead for nearby deliv-
cry. There is practically no change
IN the prices. although the quotations
are getting more and more complica-
ted as the year draws to a close. and
many prices listed are purely nominal.
as the grades they represent have not
been sold for weeks. The market is
strong and the outlook for the present
range of prices to continue Well into
the spring seems very good, says the
American Wool and Cotton Reporter.
Decline Is Forecast.
The time to look for trouble is yet
some months ahead. The veterans
who have been through many such
periods as we have passed during the
five months since July / are forecast
ing a decline anywhere from April to
| July next year as they see overpro-
duction by that time and Il slump as
the result. How well they can Judge
of what is to happen -four or five
months hence we cannot say. Their
position is well taken, If precedent en-
tered into the present situation in any
marked degree. but all precedent has
been shattered in wool trading his
year and the dealers who have been
attempting to carry on their business
along certain fixed lines, just because
ii was the custom last year and the
year before that. have not become
~reconciled to the new order of things.
Dealers Taking Profits.
Some of the younger houses have
accepted the change without hesita-
ton and they nave demonstrated their
capabilities as wool merchants in a
manner that strengthens their mill
connection, as well as their banking
facilities, II they are pretty well
cleaned up and ready to operate any
where and everywhere, on the as
! sumption that there is no loss in TAX
| ing profits. ever if the profits are
small. This method OF trading at
tracts the buyers, and under the new
system likely to become fixed there
is an amount OF shopping around
never before known.
Buyers frankly acknowledge their
desire to buy wool, but prices are
higher than they are to see them,
with the future prospects yet not
clearly defined, and wherever there is
an inclination TO talk trade there they
are apt to be found in as serious dis
| cussion over a lot of 10000 pounds of
| wool as would be the case on a lot
of a million pounds when manufac-
turing conditions were more like nor
NAL.
Quiet in the West.
The western situation is of little
more than passing interest just now.
Once in a while IA grower looks into
the future as far as the time when
he expects to have a clip of wool
ready to sell, and then writes to one
of the representative dealers and Of
fers his wool to grow, at last seasons
figures, and few such offers are
turned down. Certain sections of
Utah are well contracted for at about
last seasons prices. and here ana
there clips are under contract in Mon
tana and in Wyoming. We cannot
verify the that considerable
Idaho wool is under contract, and
doubt If such is the case. The posi-
ton of delaine wool seems to preclude
any possibility of contracting this
early in Ohio or Michigan, and in
other growing sections the general re-
port is nothing doing"
Dealers TO Move Cautiously.
The growers who have contracted
their wool for delivery mex summer
are fully as well protected as those
holding back for fancy prices, as
dealers and mills are going to move
with caution to any higher basis than
what now prevails, and a close study
of the distribution markets ana from
wcll-informed leaders in these mar
kets who keep in touch with the re
%tailers. and through them the public,
leads to the conclusion that there are
but few steps between the present
price basis and a condition of over
pricing that will cause the public to
.curtail expenditure for worsted and
wooden fabrics, and check the expan-
sion in this industry.
The growers are becoming moreI
positive in their efforts to get in di-
rect touch with the manufacturers,
and not "A little held-up wool has
gone direct TO mills from the west
during this last month. This system
may grow some, but II Is destined to
reach little beyond the experimental
stage, as there is the ever-presentl
necessity for a responsible middleman
to stand between the mill and the
grower, and the dealer is that per-
sonage. Claims can be more safely
adjusted. and in this particular alone
the medium-sized manufacturer can
save double the amount he could
save i'm dealing direct.
Iondou Sales.
American buyers are operating with
unusual caution at the London sales.
Perhaps the selections are not Just
wha is wanted. and perhaps their
careful buying is the result Of past
experiences. But %spinners from other
countries are taking wool freely, and
paving good prices.
In Australia there is nothing of par
Importance going on. Merinos
are being liberaly distributed and
America is getting all tina is wanted
The seasoned buyers are now on hand
for business. rather than to watch the
fun, and. as is always the case. the
"tenderlOots have been loaded up
and have disappeared. and 1t would
surprising if prices did not sag
more or less during the remainder or
the season.
The New Zealand situation h. some