Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-12-15
DULlEST WEEK Of
YEAR IN BOSTON
WOOL TRADE
Manufacturers Become More
Conservative Since Demo-
cratic Victory in Recent EleC-
ton and See Gloomy Outlook,

A few firms have mad a fair bust
ness with French worsted apinners
who have taken fine and fine med
ium territory to a fair extent. but
there have been no important trans
actions in other kinds of either do
mestic or foreign woods and as n
whole the Boston wool market has
been very quiet and uninteresting
for a week past, says the Boston Com
mercial Bulletin. According to the
experiences of some dealers the week
has beer the dullest Of the year. Out
side influences such as tariff agita-
ton and the general quiet in nearly
all merchandise markets. are largely
responsible, it is said. for the slow
movement in wool. Manufacturers
are interested to the extent of keep
ing in touch with developments. but
are not receiving orders for goods In
sufficiently large volume 10 warrant
purchases of raw material for pres
ent consumption and are too uncer-
tain about the coming heavy weight
season TO stock up in advance of
their requirements. Since the cleo
ton manufacturers have become
| more conservative than before and
are not at all pleased with the out
bDth loI lnt lii0uctS y. -
being cut in the competition for bust
ness, worsted mills finding difficulty
in exchanging an old dollar for a new
one.
Wool values are steady and should
be strong If the statistical situation
and the iirmness of foreign markets
were the deciding factors, but with a
considerable percentage Of machin-
cry in the mills of the country not
running, consumption is moderate
and in line with the worlds markets.
Manufacturers will net listen to
higher prices, claiming hat the con-
dition Of the goods market does not
warrant them. IF double the guam
tity of goods now being sold could be
moved at present prices there might
be some justification Of higher raw
material. say leading manufacturers,
but as prices hav to be cut to get
new business or 70 move accumula-
tons mills are not in a position to
pay more for their wool.
However. when all the adverse fea-
lures are considered there is a good
deal TO be said in favor OF the confi-
dence of most wool dealers. They
point to the hardening tendency of
foreign markets and the great dis
parity between values here and
abroad is reason for their belief in
the easy maintenance of current val
ues and possibly higher prices when
good domestic woods become scarcer
and the requirements Of the mills in
crease. II Is certain that domestic
wcols are TO be largely those from
which manufacturers will have to fill
their wants, no matter how large or
small these may be, as purchases to
date in foreign primary markets on
American account have been very
very small and there is no reason to
believe that they will be extensive
during the balance OF the season.
Chicago Wool Market.
The local wool market has not
been in as satisfactory condition as
II was the first of this and the entire
preceding month. Still some wool
has moved out to the mills, and the |
dealers express the opinion that n
feeling of uncertainty still keeps the |
manufacturers running close to shore
M not stocking up on their goods
nor on wool.
Thanksgiving may have had some-
thing to do with the comparatively
light sales of the past week, for
where there were only a few small
booked the mills were closed
for the remainder Of the week. giving
the operatives 4 short vacation, and
including all kinds of wool the sales
were less than half the quantity of
those of the four preceding weeks.
It is thought that very few of the
mills that draw their supply Of wool
a good part of II from this market
any large amount of stock on
hand, and unless they curtail produc-
ton they are quite likely to require
wool. still the dealers realize that
the manufacturers will not make
woolens unless they have or
deTs for them, and the merchants
only hope for q better trade than
now exists when the orders for wooden
increase very materially.
Philadelphia Wool Market.
The domestic wool market showed
improvement in the larger in
luiry n sales, as compared with
he preceding week. particularly for
original as well as graded territory
The worsted mills In some in
have been in negotiation for
blocks Immediately following .
election when the sellers were Of
below their asking price. In i
are noted where consignors
have made slight concessions, and
buyers have also raised their Of
Iers which has resulted in bringing
10Th parties together and some FAIR
lized blocks we're taken by the local II
Is we'll as nearby mills. The market
continues active in spots and some
iellers. while holding for former ask
ny prices. are not anticipating any
advance for sometime. This
ear some OF the larger worsted mills,
ormerly using fine Australian wool.
ave bought almost exclusively do
nestle territory and fleece woods.
This has increased the demand for
wool and IS gradually abb
orIine the comparatively limited II