Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-11-08
MODERATE TRADE
STILL EVIDENT
IN BOSTON
Largest Manufacturer Buys
Seven Million Pounds of Ter
ritory HaIfbIood Wool in Two
Weeks.

Although the largest consumers Of
| wool in the country have practically
| withdrawn from the Boston market
after having displayed considerable
activity during tho two previous
| weeks, there is still q moderate bust
ness being accomplished, says the Bos-
ton Commercial Bulletin. The iarg-
est manufacturer of All is credited
with the purchase of fully G,00O,OOO
pounds of balf-blood territory wool in
his two weeks operations in several
markets of the United States, and has
now stopped buying. ON the other
hand, there is a steady call for raw
material supplies from many mills OF
greater or lesser importance that IN
the aggregate foots up quite substan-
TALLY. However, il is by no means
true that the total sales are as large
as those recorded when w mills.
alone were credited with purchases OF
fulll six million pounds of wool
Stocks are being depleted constant
is and it is said hat if the present
activity should continue for five or
six weeks longer, the remaining sup
ply Of wool on this market would be
unusually small, While continued ac-
.tiNity would naturally be pleasing TO
the trade it Is a question whether
manufacturers viii buy wool in sub
|stantial aggregates for several weeks
owing to the relatively poor condition
of the goods market.
1t is admitted that the wholesale
clothiers are now buying stocks OF
goods in increasing volume but re-
gardless of the fact that cold weather
may stimulate the movement of heavy
weight goods the current heavy weight
season viii 20 down into history as a
decided failure from the standpoint OF
business booked by the mills. Furth-
ermore, the mills have started the
production of light weight goods for
next spring and it is therefore i'm
possible to manufacture any quantity
of heavy weights hat might be need
ed during the fan and winter. Spot
supplies of heavy weight fabrics are
very small and a substantially in
creased demand for these goods will
undoubtedly be reflected in the move
ment OF light weights. Prices are be-
Ing marked up from ? IL to I cents a
Sard on standard spring fabrics by a
number of mills including the leading
producers Of the country in order to
reach a basis nearer that warranted
by the cost of manufacturing.
The supply OF wool owned by the
majority of mills is generally admit
ted to be relatively small, hat is. it
until the present buying move
ment set in, n any goods orders re-
ceived must be followed by purchases
Of raw material. with stocks OF wool
in Boston being steadily diminished
many consumers requirements
satisfied yet, there is much firm
er feeling in regard to prices in all
although it cannot be said that
substantial advances are ~obtainable.
In some quarters it is commended that
it IS now comparatively easy to get
figures asked two weeks ago in vain,
but Notwithstanding, the long dulless
undoubtedly tended to make deal
ers willing to dispose of their hold
ings when ever a slight profit is pos
sible without waiting longer for the
anticipated higher prices.
II must be remembered, however. |
that there is a large amOun Of tender
clothing wool in the 1910 territory
Zip, thus leaving a smaller quantity
Of good staple wool suitable for worst
I'd purposes. Therefore the latter
occupy a position of consider
lhle firmness. Some OF the keen oh
iervers say that the market is grad
sally hardening as stocks are de-
)leted.
That desirable domestic woods are
considered good property is borne ont
lN speculation in fine secured terri
DRY wool BY several local dealers. 1t
S estimated that the movement be
Ween dealers amounts to 1900 or
600 bags, acquired IN "a basis of SO
o 60 cents. In addition, a number
III manufacturers are still buving wool