Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-06-17
CALL LESS
EAGER; PRICES
ARE FIRM
Sales in Boston Market in Past
Week Seven Million Pounds
No Reduction IN Sight as Yet

large quantities, although there does
not AlrCar To be a sign Of any prob
lanle reduction in price. Sales of the
week we're i.075,000 lbs, says the Am
erican Wool and Cootton Reporter. \
MOST careful study OF wool 'hdN.pnS
Wauil SEER to indicate a fut 'ra o! IN
u dal sire sth after the excitcWen 81;
early buying after the excitement OF
Icariy buying aas WON OFF, and the sta
tisticll position Of Nool seems to Sos
nla.n Why this is lihely to be Tia ,ug-.
4 condition has been made absolute
IS by the manufacturers and up to the
present time 1t is the result of nothing
but the action Of consumers OF wool,
or rather a few who have
maue the high prices lost control
of the raw material market in the
meantime, and are now apparently az
tie mercy OF the dealers and thp
growers, and they must pay the pr'c-
as.
Domestic Clip 300. zoe. 0uOLbs.
There has never been a question as
to the position Of wool. but there was
no necessity of forcing up prices as
was the case at the London sales and
III Nllllt Nttll0flF VI Nlt NfHAs " ~ va
sis that is likely to prove burdensome
in the future. Less competition would
have secured ample supplies at low
er prices. and the basis price would
have been more satisfactory 10 every
one but the growers.
1t is probable that the domestic clip
win run close to 500, 000, 600 pounds,
and we will call upon foreign growers
for at least 800, 000. 600 pounds, as
more machinery win be in operation
" thin the next three months that viii
call for wool, than ever before. and,
even allowing for the large quantities
Of cotton that viii be used, it Is CON
scrvativoly estimated that American
mills win call for go. 0O0. 900 pounds OF
MOO during the next twelve months.
Wool is now from 20 to 80 per cent
higher. the secured pound, than Il was
a year ago, and the question arises.
can goods prices be put put up proper
tilratcly, or advanced enough, allow
ing for the use of cotton to make good
the higher price Of wool some say
yes and some say not, but, with grow
ing prosperity, plentiful crops and mo-
ney at nominal rates, the signs all
punt to 81 complete rcturn Of nubiie
confidence, and if tho pricing can be
adjusted at the present range of raw
material prices, it would seem as II
no setback was likely.
The danger lies. as We ave fire.
qucntly stated. in ovcrpricing. and
while a few weeks ago there was fear
Of such a condition at present ranges
It looks as If tho manufacturers sec
their way to balance on good prices
ana can operate freely at present prize
es. but how much higher the public
viii stand for can only be learned by
tests.
Dealers IN Control.
Perhaps, after all, the control Of the |
in dealers hands may prove a
blessing in disguise. If tho manufac-
turers had a years supply OF wool ON
hand there would he price cutting on
goods among themselves, and the
goods market would be dcmorHlized |
it Is, they are practically bare OF
wool. and must pay the asking price
This means that they must get a price
for their goods and few II any mills
operating on speculation or other
Mise than on orders, so that the busl-
ness done now and the forthcoming
lightweight business viii be taken at
prices likcly to show reasonable pro
on present WOOL prices, and no
llc is in a position to do much price
,utting. This works out the ideas Of
he big associations perfectly. and as
ong as the public viii stand for IT,
90 one interested objects to sO-cent or
'e-cent wool any more than II the
1rice We're SO to 60 cents.
The greatest danger Is IN suhstl-
ution, but his is not SO extreme as
many would believe it To be. although
he cotton yarn business is improving
5 onderfully But In modern produc-
there is a legitimate use Tor cot
ana so long as it Is reasonable no
iarm Is done
New Machines Starting.
The carded wooden mills are starting
machinery every week, ana this
ranch is far more active than at any
imc within the past five years. with
he demand increased for the clothing
,ools and the worstod mills increas- :
ng their capacity not alone for com
ing grades. but for what were hcre-
largely classed as clothing woods
here Is little doubt that the present
ange of prices viii bold and perhaps
.dyance II is now ~ To tho dealers q
o use good judgment in maintaining {
riccs. but not over pricing simply be-
ausc they are i'm control Of the situa .
ion. aud then the future seems fairly
ell assured. {
Affairs Lack Precedent.
As one important factor put 1t last
eek, there i no precedent for thu
resent state Of affairs. We are pre- I
umably entering an era of unparailel- {
d prosperity following - long period
T depression There is growth in pop :
lation to consider first. n then the
esires Of Tho public to buy textile q
ibrics Of improved price, II not OF =
Lality, as sort of a reaction follow 5
ig retrenchment. This Is purely a 8
art Of human nature. as positive a.
nything under tine sun. and IL Is a !
regouc conclusion that once conn I
oncc is restored and pay envelopes I
row larger there will De- a much more
rec distribution of the public's money I
,r luxuries and necessities. Of which {
be- products Of wool are important
Pulled Woods. I
There is very little to say regarding !
A. pulled wool branch nf the market. I
L =