Albuquerque morning journal., 1910-10-17
MORE TRANSFERS IN
WOOL NOTED IN
TERRITORIES
Values No Lower but Dealers
Obtain No Advances, Accord
ing to Commercial Bulletin 5
Review of Situation.

KeVleW OF Situation,
In several houses there is more bus
mess being accomplished this week.
but in other quarters trading is still
of q comparatively unimportant order
on the Boston wool market says the
Boston Commercial Bulletin, How
ever, II IS the general belief chat the
market has finally reached bottom at
ter q decidedly unsatisfactory husi-
ness during August and September,
and that within the next several
weeks the demand for wool viii in
crease. Prices are no higher, but
there seems to be a little firmer feel
ing in regard to values on territory
wool and only moderate Improvement
Is needed to cause advances.
Without doubt the present Is diB-
tinctly favorable time for manufacv-
turers to lay in supplies of territory
wools when the Offering is little
broken, and when prices are appar-
emily reasonable. Ii is contended that
probably no materially higher rates
will become effective here during the
next or weeks but IL is claimed
that by the middle of November
enough heavy weight goods business
chase of additional supplies OF raw
material As Is wen known, the stock
OF good staple territory wool Is rela-
lively small. and with q clean cost
Of about Ga to 65 cents ruling, il
would seem wise for discerning manu-
facturers TO operate in this class OF
wool without delay. before the de-
mand becomes too active, ana dcal+
ers are Justified in advancing prices
on poorer selections.
That a number Of manufacturers
are evidently beginning to realize the
situation is indicated by the incrcas-
ing interest manifested by many mill
representatives. Bids are frequent
but owing to the difference in ideas
OF buyer and seller many possible
transactions are prevented II Is un-
derstood that considerable interest is
being shown in ohio quarter blood.
three-eighths. and half-blood. as well
as fine unwashed hut many bids are
being rejected. However sale of
good Ohio quarter-blood is reported
at 90 l2 cents as compared with ~
to 2S cents asked in some parts OF
the market
In the territory division of the
market business comprises transfers
of both grease and secured woods in
the original bags as well as IN graded
packages Values are no lower. but
dealers cannot apparently ohtain Hd
Nanccs over the rates in force for
weeks. The activity extends through
Montana, Wyoming. Utah, Now Mex
lean and Arizona stock. and few
fairs sized transactions are noted
However, the bulk OF the business
passing Is being done in only moder-
ate quantities for the smaller mills
arc the chief operators still IL Is
claimed by some of the leading mcm- |
berg of the trade that the market Is
on 70 sound hasia, ana |
hat the present increasing interest on
the part of consumers is probably IN |
iicative of substantial buNing before |
many weeks win have passed
The goods market, of course, Is the /
kew 10 he situation and according 10 |
ate reports from New York the !
'lothiers viii soon be forced to pur-
'hase additional lots of cloth To- meet
heir heavy weight requirements.
Iold. seasonable fan weather viii un- I
stimulate the demand
or heavy weight clothing. ana i'm turn /.
he goods market viii feel the effect
its activity 60 the mar
,et for raw material I,
In addition to the movement in
many kinds of territory wool ana me-
Ium fleeces. there IS a fair trade /,
,assing in both grease and occurred |
'alifornia as welI as in sample pack !
yes of eight months Texas. Bids
n several lines OF the latter have
lccn rejected within the past few days
'ulled woods are moving only moder- 4
tely, with little change IN values (
Foreign woods are changing hands :
with cross -brodr most
ctive on account Of the scarcity of Z
me woods. Argentine cross -brcds from
lw uuarter-bloOd up 10 three -eighths, (
nd it is understood that some inter Is
81 is being shown in MontcVidco Z
alf-blood. although no actual trans Z
ctions Of Importance are reported. (
interest continues lu carpet wools K
ut new business is particularly II
lbstantial yet
Philadelphia Wool Market.
The domestic wool market con-
nues active in spots. There was
iorc inquiry and sales were confined
ary largely 10 territory wool The
uyers represented buth local and
earhy worsted mills as won as
orstod mills in other states. who
lnunue 10 sample large lots.
New York Wool Market.
In spite Of the fact that manufac- &
lrers of carpets ana rugs have been
rowing considerable interest IN aNhli- Q
bic supplies Of class three woods. 10
lying has not yet assumed import q
lt proportions. although IL is un- <
-rstood that some moderate lines Of x
.w material are being taken from Is
me To time. According 90 some rec 10
lris there is q tendency on the part Z
the several dealers 10 grant slight =
ice concessions ia order to move rs
cir holdings. but the majority of 0
.alers believe that general coHdi- Q
,ns warrant firm maintenance of x
ices. and therefore they are unwill- TX
& 60 meet conlumcrs' VicwR 10
Late adficos state that in some %
Iarters china wool De- obtainablc az ~