Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-09-27

Boston merchant 10 market American
grown woods abroad. sales Of the 1910
domestic clip were made this week toI
shipment TO England, The activity
was furnished by three English OPP
orators, wha tool supplies of Short
Oregon clothing, No. : California
clothing, short Montana, Australian
merino 64s. and medium to low cross
breds. The aggregate amount in
Volved varies greatly according TO the
different reports OF the transactions,
some stating that not more than TWO
or three hundred thousand pounds of
territory we're sold. while others place
the nmoun at fully 500. 000 pounds,
OF the foreign sales IL is estimated hy
reliable observers that only 1000
bales were involved, hut in other quar-
ters II Is said that the activity com
prised from 2,000 TO 5000 bales. How
ever, q conservative estimate OF the
entire movement is not over 1000, 600
pounds. According to report. the
prices paid averaged about 81 10 5S
cents a secured pound on all the ter
ritory wool, that Is. based on buyers
shrinkage. 1t must be remembered
that there is q difference of fully 2
per cent in shrinkaGc here and IN
Bradford. England, in FAVOR of the lat
ter place, which Is attributed TO the
more favorable climate in England Tor
manufacturing purposes. Therefore "a
secured cost of SO TO 81 cents for
woods grading fine medium to IN EnR-
fish consumer would mean practically
50 to 81 cents To an American mill
handicapped hY less faVoraAle climatic
I conditions. 1t is understood that the
English operators were practically
prepared to buy up to 5000, 600
pounds Of territory wool if holders
were disposed to accept figures based
on q so cent clean cost.
For the merinos the prices ranged
! around 40 cents for f0s and from 81
10 40 cents for Gas. some low quar-
terblood South American at I'D T."
II led was also involved,
When prices are so low in Boston
both on domestic and foreign woods
that English buyers can take stocks,
pay shipping charges TO their coun-
try with the expectation OF manutaC-
turing them into goods, h position OF
the American manufacturers seems
distinctly strange. To-day. notwlth-
standing the above fact, American
manufacturers do not feel warranted
in buying raw material except IN COM
| Daratively limited quantities. The I'M
satisfactory condition OF the goods
market is undoubtedly responsible in
a great measure for apathy, but the
political outlook is also CON
sidered q vital factor. With
the probability of a further revision
of Schedule X by the next congress,
there will Of course be more or less
unrest, but there seems to be no ade-
quate reason why the people OF the
United states should be without
clothes in the meantime.
with a steady II small improve
-...e A.. t.,t, Iao tsxs tspipI t IA ma aVFlnr
goods. there viii unquestionahiy be a
better tone TO the wool market as
soon us manufacturers can see their
way clear to buy additional stocks OF
raw material, but until conditions
show u substantial Improvement II rs
doubtful if manufacturers will operate
in wool other thar in the present
careful manner.
Outside of the business done BY
the Englishmen, the leading feature OF
the week Is the purchase OF approx.
mately 1000 bales Of Australia CAS- by
the largest wool manufacturing COM
pany in the country to make goods
lust ordered, The sydney. GeelonGi
and Melbourne 64s were taken Mt a.
cents secured basis as compared with
! 70 cents paid for the Queensland and
Adelaide CAS-.
The bulk Of the business in terri-
tory is being done in original bags
comprising selections of,Alontana, WY
oming, Utah. Dakota, and New MeNi-
can, but with one or two exceptions,
no important quantities are changing
hands. Secured territory is also sell
ina ct fully maintained values. Some
graded Montana is available and mot-
ing moderately.
In the fleece division of the mar
ket there Is very little being done
except with one leading dealer who
Is marketing Ohio thrce-eighths, half
blood, ana quartcr-hlood, as wen as
Wisconsin quartcr-blood. Prices are
holding nomlnally steady, II factor
in the steadiness being the usefulness
of marking down figures TO induce ac-
tivity. No mill is ready to buy %fleeccs
in quantities unless they have an inn
mediate outlet for them even though
prices on n free wool basis are avail.
able. Pulled woods are comparatively
quiet, but nominally firm at quota
tons. With the exception of the above
noted purchaes of Australian and
South American crossbrcds ana NOR
mos, foreign woods are without partic-
ular call. but prices are being held
steady.
The West.