Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-01-20
TRADING ACTIVE IN
THE BOSTON
MARKET
Many Inquiries in New York and
Quiet Tone in the Trade in
Philadelphia and St, Louis,

aA's ha'ffHf - -
and womcn's wear products. have
been ON the market. and without
much excitement being aroused have
quietly picked up a considerable
quantity Of desirable raw material.
The transfers are. of course, not Of
phenomenal size, the depleted condi-
ton Of stocks not allowing for a large
turnover. Still, business has been
good and indicates to holders that
there is, Notwithstanding the hrcavy
purchases during the closing weeks
of last year. n considerable demand
yet to be filled.
Nearly all classes of domestic stock
have been called for by
and speculation to a fair extent in
secured woods is being negotiated on
the part of dealers. But for the rapid
advance in prices of these secured
woods. thereby putting them out of
reach for tho present of the spccula-
tors, a much larger business would
have been accomplished. The feature
in imported stock is the good demand
for any movement in Australian and
New Zealand woods brought in London
at the December auction sales. These
nav ~ ~ oh NV " i'io NV
and are being absorbed quickly.
A Firm Market.
With more activity at present and a
prospect OF continued good demand.
there is a very confident feeling in
the trade. Values are firm all along
the line. with the tendency in favor OF
sellers.
Selling at 80 cents Ohio unwashcd
three-eighths has done better by a
cent than the highest price recorded
on recent transfers. Bids of 20 cents,
freely made, were turned down. Ohio
washed delaine also shows an adj
vance. a line Of 10000 pounds being
reported sold at a price better thar
80 cents. Half blood Montana wool
has sold at "a cents. and fine Nevada
on the secured basis OF so cents.
These are stiff prices, and mark a big
advance from the low point last year.
1t is felt. however, that the situation
warrants all of the advance, and that
supply and demand influences are in
Icontrol.
Any further advance depends Of
course upon developments. If IN
sumption is so large as to seriously
utDlttb tlt StothS. utuOuDl'ulN u'dN y
which manufacturers own. resulting in
an active demand. then a further rise
is probable. on the other hand should
consumption fail to materially expand
1t will probably be found that con-
sumcrs have enough material on hand
to satisfy their requirements, inwhich
event their absence from the market
would tend to depress values.
Western Contracts.
II is reported here that a good deal
Of contracting of the 1908 clip is go
ing on quietly in Utah. Idaho and Ne
vada. with Is to Is cents being paid
1t is difficult to trace the actual tx
tent OF his business. but u st. Louis
firm Is said to ave operated with
some freedom and a Hartford firm to
a moderate extent. while the ranks
OF the spectators have been recently
enlarged by the acquisition Of a Bos-
ton firm. 1t is a fact, however, that
most Boston dealers are opposed to
contracting operations. and that they
will not enter the lists unless forced
to against their better judgment.
with world markets firm, cousump-
ton increasing and supplies none too
large. the opportunities for specula- |
ton appear to be favorable, But there
are many elements OF uncertainty
which makes buying for a rise a
doubtful underta king. Prominent in
the uncertainties is tho lack Of defin.
lite knowledge as 10 what is to be done |
with the tariff. There will be an un- |
feeling until the question Is
finally eliminated.
New York Wool Market.
The market has not resumed activ-
ity yet but many inquiries for small
quantities Of carpet wool arc daily re-
by dealers. who are steadily |
holding prices at the top level. Bust |
ness i'm rugs is on the increase, some |
OF the largest distributors now being |
in the market for additional lines for |
the coming spring. With a bright
outlook in finished material. fur
purchases of raw material will
o become necessary, according to
predictions of many wool dealers. and
as supplies of carpet wool are com
p%aratively limited. values on the re-
meining stocks are being firmly held
at fun current rates. Bids made be-
fore the new year are now being re-
luStu bNllE " lhf iSn'I lltdS OF
holders. For new woods Just arriving
)n this market. consumers are asking
prices that the former consider alto-
too high.
Withdrawals from warehouse weret
on of the holiday lull
n manufacturing centers. being only
l72. 900 pounds. as .compered with
pounds warehouscd and 941.-
100 pounds entered for consumption.
about 10000 pounds OF new Russian
WOOL arrived here during the week.
large shipments OF China wool
been shipped to his port. but
hey will not arrive soon enough to
elieve the present tension of high
'rices. Shipments Of wool from Rus
ia will be rather limited for "A few
months at least. owing to the increas-
ng demand Of home consumers. who
re paying owners satisfactory prices.
The official returns Of the imports
or the past fl months show an even ,
decrease than was expected. ,
he decrease amounts 10 approxi-
10000 900 pounds as compared
nth the same period OF 1907. China
hipments dropped from 30.2s6.4sf
to 1e.sss.224 pounds. Russian.
~20.273.T2e pounds to s~.ss5.e24
French, from 2.743,959 to