Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-03-02
WOOL MARKET QUIET
FOR ANOTHER
WEEK
Consumers Still out Of
the Market Trading Confin-
ed TO Purchase for Current
Requirements,


Reviewing the wool market in Bos-
Commercial Bulletin reports another
week of generally quiet business with
the large wool Consumer still out Of
the market. The limited trading pass
ing is wholly confined 10 purchases
for actual current requirements and
no buyer IS taking wool in other than
small quantities. The best woods,
however, are being we'll maintained in
value despite the continued inactiv-
itv, but il is undoubtedly a fact that
a shrewd buyer can pick up oc-
casional bargains in stocks that are III
greater supply and least demand. II
is but natural hat dealers reaching
the bottom of supplies with offerings
we'll culled over, Will permit a manu-
facturer to name a trading figure
slightly under market rates in order
that some business may be accom-
plished, but such proceedings are by
no means of great frequency or OF
serious import.
The undertone of the market is un-
Q~uestionably strong for conditions in
the other raw WOOL markets of the
world are excellent while all indica-
lions in this country point to n heavy
consumption of WOOL within a short
time. 1t is true. of course, that heavy
weight goods for next fall and winter
are not selling at al satisfactory, a
condition that arose from the unwiH-
ingness of clothiers to place orders in
substantial quantities ut ruling prices
but the manufacturers Oh clothes can
not remain out of the goods market
indefinitely If they wish to obtain
sample pieces Of the new fabrics for
display to their customers.
1t Is the usual custom of clothiers
to show sample pieces to the retailers
sometime in April and manufacturers
short while II deliveries are to be
made on time for it requires from six
to eight weeks to manufacture the
goods. Arguing on this line.
that clothiers cannot delay buying
much longer, IL is claimed by some of
the shewdest observers in the wool
trade that the goods market viii be-
active within two or three weeks
the most, buyers. in the meantime, |
realizing the futility of trying to lower
values further. With q substantial
business received by goods manufac- |
turers, ii is also claimed, n with |
that the mills will be !
forced to purchase additional raw ma
terial supplies. 1t is common knuwl- |
edge that the majority of manufac-
nave enough wool on hand for
and nearby requirements
1t is asserted nevertheless, by wool
merchants that none of the mills of
the country have sufficient wool to
last until the arrival Of the new clip
next summe If orders for goods are
as heavily as is anticipated.
Therefore, a cleanup Of remain
.ng stocks of territory woods is eX-
with the further engagement
II goods requirements for the com-
ng heavyweight season, and it is ex-
renrely unlikely that there will be a
Material decline in wool values dur
ng the entire season.
The western wool growers are APP
determined to hold their
$40 woods for fully as high prices MS
we're realized at the close of last sea-
or else to keep their woods for
he warehouses of different wool
overs associations. owing TO the |,
eneral strong financial condition of !
he nockmasters it would not be sur
If this policy we're carried out.
Wool buyers are not disposed TO I
for new clip heeces except !,
4 Utah and the ~'"Triangle." In Utah !
eeces were bought on the sleeps
ack within the past week at prices
ouching 22 cents, While in the "Tri- 4
purchases were consumated |
cry recently at figures AS high as |
3 1-2 cents.
shearing is still delayed in some
arts OF southern Arizona. some re-
ant purchases were made on a basis
o. 4 4 . IAf -A.A-- - = H.
ew clip were consigned to Boston
buses. IT is estimated that the spring
lip around Phoenix. will total about
600. 900 pounds.
The bulk of the territory woods on
lis market is composed of fine and
ne medium grades. With the cxcep-
on of Oregon stock. staple woods are
comparatively limited supply, and
rices are very firm on thu available A
ferings. During the PAST W. or :
lree weeks there has been more or
sc talk oi an easier tom in fine
othing woods and although some
that prices showed a decline
ON previous quotations, leading
erchants contended that values
ere practically unchanged on de-
woods. Within the past few
'ys. interest in fine and fine medium n
ock increased somewhat and several
a~nsactions were accomplished. one ~
aiding house disposed of three lots :,
wool aggregating fully 200, 600
'unds on a secured basis of 81 to G. 50
nts. but It is still contended that fine 9
wool is worth MP to 20 cents &c
ID even - cents Although prices "a
showed "A slightly easier ol
ndency under a very limited de- bi
all merchants are Of the opin- IL
that but little trading would be ~
cessarS TO cause values to stifcn. g
fact, a decided change in the situa- G.
N might occur over night If the b;
'Se buyers were to enter the mar IN
=. by
~ IA
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