Albuquerque morning journal., 1910-06-24
NEW W0OLS REACH
THE MARKET FROM
NEW MEXICO
Little Buying in West Owing
to Generally Pfohibitiye
Prices Asked by Growers;
Trade Quiet,

The Boston wool market is gener-
ally very quiet and some Of the lead
ing houses in the trade report The
smallest business recorded in long
time, says the Boston Commercial
Bulletin There Is q between-seasons
luli that is augmented By the uncer-
tainty as to future values As a rule.
prices are established in June on some
trading basis either by important pur-
chases OF new wool in the west or by
sales Of new wool goods Neither the
purchase Of wool nor the sale Of
goods has been effected in substantial
volume and as result both wool
merchants and manufacturers are -at
sea- as TO what value should be
placed on the 1910 clip
Therefore the make is suffering
from q practical paralysis Of demand
although the comparatively limited
remaining SUPPLIES and the high prices
ruling in the west are serving to
make Boston dealers less inclined to
grant material concessions than two
OF three weeks ago However. when
business IS as dun as IL has been for
many weeks 1t is but natural that
buyer viii not be permitted to leave a
Wool house II he IS willing TO talk
reason on prices. In other words. the
wool merchant will grant a reason
able concession in order 10 move his
stock but he viii not accept an ab-
surdly low figure owing to the fact
that the woods cannot apparently be
replaced except at high rates Sup
plies Of domestic wool are compara-
lively small in the leading houses and
y Is the belief of some Of the most
important dealers that it is unwlse to
sacrifice good offerings nov
The business of the week is com
posed mostly cf sales OF odds and
ends. The most important transac-
ion IS the transfer Of approximately
80 bales of New Zealand crossbred
'6s to 40's and 33 to ) cents which
ange Of value is slightly above the
igures realized on the same grades |
hree weeks ago. Territory woods are
elling in very limited quantities al |
practically unchanged prices. The
vcolen mills are seeking and buying |
United amounts Of secured wool. but
he worsted manufacturers are show
ng little or no desire to take further
upplies
Fleeces, such as unwashed delaine,
uarter-blood and three-eighths are
moving in a relatively unimportant
manner and II is claimed that import
mt quantities could undoubtedly be
ought at concessions from the ap-
ended quotations California and
'exas woods are exciting no interest
Z consequence while pulled woods arc
hanging hands very slowly and in
mall volume
m the foreign division nothing is
cling accomplished with the excep-
on Of the sale Of New Zealand
rossbreds referred to above. 1t is
nderstood that prominent Summer
acct merchant shipped 1000 bales =,
Australian Merinos to England a
eek or ten days ago while fully l. =,
90 bales were shipped this week ,
'om this port to be offered presun- ,
oly In Bradford. South American i,
ools ere without call and carpet :
OILS are moving in very limited guam !
ties
Eastern dealers are still most con- r
rVaiive in their operations both in r
ie middle and fer west, owing to the
mel rally piohibitiye prices demanded r
2 the growers. In oregon and !
laho, however, fair amount Of
sw clip wool was purchased this
eek bv few eastern manufacture 81
$ at approximately So To co cents =
can landed Boston. while figures -
Iuivalent to 81 to So cents landed p
can Boston were refused by Idaho +
cepmen. The purchases Of these "a
ills are said to foot up quite sub k