Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-09-05
WOOL DEADLOCK IN
NEW MEXICO IS
UNBROKEN
Several Million Pounds Still
UnSoid Says Trade PU4-
LEGATION in Review of Past
Weeks Wool Markets,

retail business in many kinds of wool
rassing but no sales of any Importance
taking place, says the Boston Com =
mercial Bulletin. The total business
accomplished is every moderate, in
deed. and the outlook for a substanti-
al Improvement in the near future is,
by no means bright. Prices are firm,
however, and in spite of a continued
lack of trading it is believed that there
will be no necessity for lowering vail
ues. In fact there are two things
faVoring the maintenance Of present
values at least, namely, the relative
ly smaller amount of new wool in
dealers hands, and the realization that
many purchasers of the 1910 clip were
made on a higher secured basis than
had been understood at the time of
buying,
The first fact naturally leads to the
belief that dealers will be less in
clined to lose faith in the market with
4 limited business n reduce prices,
while the latter seems to Indicate that
manufacturers may ave to pay a
higher figure for raw material re-
u%uirements than had been figured on
previously. Another factor or consid-
cradle Importance is the belief that
many mills rave not a large supply
Of suitable wool on hand for light
weight purposes. This belief is de-
Quoted from the operations OF many
manufacturers in wool as soon as or
ders for goods had been booked. With
the above conditions ruling there is
undoubtedly a fairly strong undertone
to the market sufficient to keep values
ut about the present level.
Conservative dealers do not antici-
pate a boom for several months at
least, but on the contrary believe
that there will be a steady movement
in raw material as manufacturers
needs are determined by the yardage
of goods sold. In other words. the
activity in the wool market depends
more than ever on the manner in
shortage of raw material supplies in
many mills, it is contended that in
creased activity in manufacturing
plans would be reflected soon in the
wool market.
Manufacturers are examining the
new woods as they come onward from
the country and are being graded.
Grading has in many instances, re-
vealed the fact that the secured cost
Is greater than expected. This inter-
est Of consumer centers chiefly ON
well-known clips that buyers are in
the habit of taking in the original
bags, but no purchases of any conse-
quence have been made to date. A lit
tie business. however, is being done
in sample bags of New Montana orig
inal woods. bft as a general rule, the
trading for several weeks has been
principally confined to the acquisi-
tion of old stocks. Very little new
clip wool has changed hands, but the
large holdings by sheepmen VINO are
waiting for better prices relieve the
merchants from carrying as large
supplies as is usually the case. The
stock of f~leeces is also practically un-
touched.
The local business of the week is
confined to individually small quantl-
ties the demand being for many kinds
of raw material. However, three
eighths and half-blood grades of ter
ritory and fleece wools are in chief re-
quest, owing to the character of the
goods sold to date for the coming light
weight season. Sales include ONO
quarter-blood; Ohio three-eights and
half-blood; but Michigan woods are
still comparatively neglected as Is Gus
tomary when Ohio woods are avallable
for purchase.
The movement i'm territory com
prises original bag Arizona; medium
to fine secured; original bag Mon
tana; Soda Springs half-blood. Prices
arc practically unchanged from those
Of last week. A little northern and
southern grease California is moving
while 8 months Texas is selling I'm 2
limited way. Pulled woods are stlH
quiet with prices nominally steady at
quotations.
A few scattering clips are still be-
ing bought in Montana at IL to ~
cents for the best wools. The small
quantity of new woods remaining m
sold in Oregon is being held very firm-
ly by owners. one operator picked
M more than 100. 600 pounds within
the last few DAYS in Montana. Several
millions pounds of wool are sun un
sold in New Mexico owing to the dead
lock between the sheepmen ana the
buyers.
New York Wool Market.
The local CARPET wool market con-
tinues comparatively quiet In spite OF
the fact that without question mol
cheaper supplies Of class three woois
can be bought in any OF the world
markets. To replace present stocks "a
the primary centers would necesSltate
the payment of higher values than
rule here owing to the activity OF
home governments in the countries OF
production, and in consequence OF the
latter strength recently noted mas
been maintained fully.
Knowing the true conditions ABROAD
New York dealers are distinctly urn
in their views of values, and even
fractional concessions are not consid-
cred by the important holders OF ra"
material. The leading carpet manu-
facturers are not i'm evidence. but 1t IS
believed thai they will show greatly
Increased interest in supplies when
they return to the market in a snort
while as expected.
The bulk of the limited business
passing now is being furnished by the
wooden goods manufacturers VINO are
using fairly large quantities OF the
secured woods. his activity on the
part of wooden mills which a been
noticeable for some time. Will IN an
probability remove a substantial part
the better qualities Of class three
woods from carpet manufacturers
Arrivals Of China wool during the
week were 214.566 pounds. WIN,
drawals from warehouses aggregated
t62.69s pounds against i92,o1O ppuhuS
varehoused. and 1O4.S62 pounds en-
Tered for consumption.
Philadelphia Wool Market.
The market was not 50 active TINS ]
week as some Of the largest
mills having covered Their
present requirements are not Wiling
10 buy for future needs. which WIN
cut orders are very uncertain Inc {
manufacturers continue 10 Keep III
with the market and there Is
amount OF sampling mainly 81 ,
woods. both original as Wen !
IS graded which represent larss f.
blocks ranging from 200, 600 To SOu,evv /.
pounds. Some large houses who were .
'epresented in the sales made the pref .