Albuquerque morning journal., 1910-11-28
MODERATE TRADING
IN WOOLS OF
TERRITORIES
New Mexican Among Those
Movingi Manufacturers Feel
Conservative With Change in
Schedule K, Likely.


reported last week after the elections
says the Boston Commercial Bulletin
Manufacturers undoubtedly possess q
feeling of considerable conservatism
owing to the fact that change IN
schedule X is practically inevitable
The scope of the revision IN naturally
to be determined later and in the
meantime none of the more impor-
tant wool consumers seem disposd to
lay i'm supplies for purposes of spcou-
lation.
According To late reports, there Is
a tendency on the part of some man
ufacurers really anxious for new
business, to grant fractional Conces-
sions on goods contracts. The inn
portant fact TO be remembered IN
connection with tho course of the
goods market is that buyers are alb
somtely opposed to paying above
their previously determined limits.
Therefore, unless selling agents are
willing To accept buyers figures com
paraitvelv little can he accomplished.
1t has been stated by several manu-
facturers that in selling wool goods
prices are without profit to the pro-
ducers IL Is q well known fac; that
the majority Of mills are not husil>
employed and IL is undoubtedly true
among some OF the mills more eager
for additional business than other
producers to accept orders that VIII
show no profit whatever on produc-
ton.
However. it is believed that only
really cold weather is needed 10 stim-
ulate the demand Tor stock goods
with the result that the goods market
in all quarters may become more ac-
tive. New fabrics for the heavy
weight season OF 1910-l1 VIII be
shown during next January ana II y
hoped that they viii move In mueh
greater volume than was the ease on
both heavy and light weight goods
for the present winter and coming
spring. II is understood that num-
Der of samples OF rough goods WIZ
be shown, which, If they sell at all
freely. will result in decided I'M
provement in China and East India
vools. Some claim that these wool
ems will receive considerable atten-
tion. hut II is generally admitted that
worsteds win unquestionably move In
the greater volume OF course, the
comparative cheapness of the former
which can be made out of the better
grades of class three foreign ana
short domestic woods, VIII attract
the cost of production. on the other
hand the distributors who look FOR
quality in preference to value VIII
turn their attention to medium ana
finer qualities Of worsteds.
with manufacturers inclined TO
manifest "a little easiness on the mat
ter nr prices, the stability IS insured
chiefly by the fact that current val
ues are distinctly reasonable as com
pared with prices ruling on compel
ing grades in foreign markets. II ~
a fact that fine domestic Wools otn
be bought in Boston at 10 To 10
cents secured pound cheaper lhah
competing grades abroad. ON TINS
account American manufacturers
have shown very little interest in tof-
eign woos Tor many weeks, ana with
"A steady drain on domestic stocks
the latter have become smaller than
had been imagined. One of the most
important American operators IN
London is understood TO have boughi
not over 500 bales Of wool In London
during the past twelve months SIM
ply on account of too high prices ns
compared with those ruling IN TINS
country
The present range Of values on
domestic woods are. therefore, likely
levels for some time at least, by rea-
son of the low prices current and the
small stocks OF desirable woods LEFT
unsold. 1t must not he forgotten
either. that If heavy weight goods,
opening next January, move at All
freely there will undoubtedly be
greatly stimulated demand Tor raw
material Under present conditions.
however with the majority OF WOOL
consumers apparently committed 20
a waiting policy, there seems to pc
little reason to expect that trade IN
wool will increase materially during
the remainder OF 1910. IT Is quite
probable that business will continue
in about the same maner as now with
manufacturers taking moderate sup
plies of wool as they become neces-
sarv. The leading mills bought quite
extensively some weeks ago, 50 great
activity on their part should not pc
locked for during the next seyefa
weeks at least Within very short
while. however. quarter-blood VIII
undoubtedly move more freely Tor
heavy weight purposes. AS malter
of fact. this grade OF fleece IS pc
ginning to attract more attention ana
n little is selling.
In territory woods there Is CON
tintied moderate trading. with most
of comparatively modest
Both graded woods ana
wools in the original bags are chang
ing hands IT firm prices. The stocks
moving include such woods as Mon
trna. wyoming, Utah. Idaho, Ari-
znna ana New Mexican. Secured
wools are in continued iemand az
strong values.
Floeces of half blood, three-eighths.
fine unwnshed delaine and quarter
blood are selling, but the last named
grade is in distinctly small demand
prices are very firm on all grades
however some eight and twelve
rnontbs Texas fleces are going To
while California woods |
of all grades are quiet but steady IN
value. A fair business is being ac-
complished In T. supers which is the
most attractive grade of pulled woods |
nov and tops of all grades nom
coarse to fine. ranging In value from
sg To IS cents are selling quite freely |
la soune quarters with the eXccp
lion of an Insignificant quantity of |
fine Australian. practically little OF |
nothing h. being done in foreign |
,yrols. although there are buyers who |
would be Interested IN CSC TO zoe ii |
.hcy were available in quantity
Philadelphia Wool Market.
The demand continues fair IN spots
ion both original and graded territory |
vocI There were also fair sales cf
cor,r,on and braid. Ia. 3-N and l-t /