Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-05-26
WOODS
SELL FREELY IN
THE MARKET
General Trade Activity Sharp
Reaction by Dealers Al
though the General Situation
Is Considered Good,

The early excitement IN the WOO
market forecasts a situation that Il
causing somewhat Of an undercurren
Of u~neasiness, as it is By 40 means Ger.
tain in the minds Of more than one
conservative dealer .ilat the excite
ment viii not be overdone ana a re
action set In az q result that will per
haps cause a stampede OF selling tina
will prove disastrous when the fact Il
considered that all the domestic WOO
coming into Boston is high-priccd an
so high that profits viii be wiped on
IL the market gets beyond reasonable
control ana a reaction sets in, say
the American Wool and Cotton Itepor
ter. Sales of the week were 6,2N5.00
pounds. Just now there is no liml
to the enthusiasm. and talk Of price
runs To such high figures that all rea
10 is lacking, as the prices named a
probable To prevail are really pro
hibitivc. Foreign woods are being IN
fluenccd by the optimistic talk an
the advancing market in London t
the scene Of spectacular competitlv'
bidding such as that market had no
witnessed in years.
Holders Taking Profits.
The application Of the saying h
speculative financial circles tina
there Is no loss In taking profits +,
recommended BY not a few dealer
who are acting by selling substantial
blocks OF their contracted wool at
fair profit and even a few weeks o
such selling. of only in "A modcrat
way. will have a very %stcadying effec
upon tho market and cool Off som
Of the hotheads who are shoutin
higher prices.
When the manufacturers have pr
In a few million pounds Of wool whic'
win give them a moderate reserv
supply, as well as sort up their pres
ent stocks, which are not entirely use
up by any means. there is not tn
slightest doubt that they viii keep or
Of the market entirely just as Ion
as possible. by that time new WOO
Will he coming IN with q rush and
viii be found that conditions hay
changed entirely from the period thta
months ago when with rednced stocw
the dealers could safely set a pric
and wait for tho manufacturers =
come forward and pay the price.
Big lots In Storage.
But when 5000. 900 to 100000 90
pounds Of new wool are in storage
costing round sums to carry, the cour
& of not a few dealers viii weaker
as 1t always has in the past, an
win come the manufacturers
turn. ana they VIII control the marke
rather than the dealers, unless rea
sonahle Judgment is exercised in III
ing the early lots Of new woods, Tho
is rot the slightest doubt in u min
that all the new wool VIII be use
the 1910 new clip, but the for
woods must be reckoned on an
at the present time there are q mum
Der of million pounds Of such WOO
held in reserve that on the price ask
I'd ana paid for domestic future de
livery orders show a handsome pro
III in excess Of the profits On the do
nestle grades. An advance Of a feN
moro and this foreign wool
likely 20 go TO the manufacturers, am
sales would dcpress tho domest'
for a number of weeks, lon
enough TO cause a reaction, If over
seems likely.
The complete success of the weston
contracting has followed precedent A.
sc have frequently stated, memof
.aiis TO recall "a time whcn .here wrf'
good profits in the contrasting No
how long the sheep Wpra tn
aftor Il was sold TO grow, "a Anf
lealcr But the end of contracting
been reached for some time tt
ono. unless there is a drastic slu1ni
II wool prices before another soasol
in. Tho price of wool in the Yves
8 now at a dizzy height, and it WI
Ne "a courageous dealer indeed VIII
isks contracting another season upor
basis ot present prices, and il goc
Without saving that the growers vii
pat on the top level OF the sea
on's prices as n beginning for hids
text year. aud We predict general dis
prointmcnt FOR them II they expect
o do business In advance of shear
lg. ]
Scarclt, of spot Wool.
The lack of spot wool Is the best
hing that could happen TO the Bos-
an puark.t uu with fair ~supnlfe4 IA |