Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1911-09-22
OPINIONS DIFFER AS
TO PROSPECTS IN
WOOL TRADE
There is Belief That Wool Can
Not Go Lower and MANY
Think That 1t Must Go
Higher Before Long.


with reference 10 The wool -itua.
tion. 'ho Boston Commercial Bullctn|
of recent datc saws
Transactions IN Che Boston wool.
market thss week. have been extreme.
ly limited and what sales have been
effects We're ioJ retain lots ana spread
over q wide range OF grades. rather
more foreign wool than usual ming.
ling IA the business put through
Notwithstanding The comparative
llghiur~s OF ,hc sales since the tarin
oil was disposed oi. allhuugh o. had
been cNIcg ed tnat more wool should
have moved prices are maintained on
an UNCHANGED basis this week. dealers
declaring nat there Is no occasion
Tor them tO sacrifice their WOODS.
which are already ON low and cheap
basis. especially since these WOODS
are quite likely to bo needed by the
mills later even though the gooJs
market ri the present moment ls dun
ana without particular encourage.
ment
Low Wools Principal sellers-De.
mand continues principally for the
low woods, which are especially
sought after hy the wooden mills and
serge manufacturers although the lai
ter have not Decn so insistent on
these grades this week as they were
On account OF the steady sales of
low woCls which have been made,
there agc comparatively few lots
available on the market many deal
crs being Well sold mp ahead already
OthcI markets, which huyc low
woods io ofcr have set their asking
prices very high. SO h,gh Ia fact rs
10 absolutely shut on trad, For In.
stance. certain ST. Louis dcaler has
This Wect forwarded sample. of COM.
mon aud braid ton which he wanted
"a cents Quarter blood Missouris are
available u this market al - cents.
according to we'll informed traders.
although suac holders ask "a i2c ana
lhr prices asked tor common auh
braid ou ihis basis seems relatively
va, above the proper market % is
recalled tina ,ho grades oi wool ia
question sold moi many weeks bach
quite JDcl' ut % g.. cents
Goods Market Uneertain--Thc key
of thp whole situation $50 mU as th,
wool merchants are concerned
namely th, New York good, murkct
has been slow 'o respond to lll ON.
doJyoIs io force business. except m
% trw spot. and while 90 is perhaps
s',ll somewhat early 90 expect heavy
trade uu winter W,i-bts there is mo-
suiusal.nl thar lby market ON the
whole has been dI,Jppu.uuus The
wooden goods manufacturers are said
,o ue ENJOYING % taig business on ran.
cy Woolens bur this trade i- %, minor
proportions ms compared with the
whole mtrhof The manufacturers
haN, also been helped somewhat tIs
IAN Dos iho government ORDER, ON
Woolon cloths Tor the array In 70
fcW Instances sclgos have been very
well sold up generally speaking NE
Wprstrd manufacturers have been
running yrl, light while dress goods
are erlll iu the doldrum- one prom
iutur manufacturer OF wOrstcds ls
quoted as saving within few days
ihat his cancellations ON wurstcd
goods ran as heavy as his new orders
There Is a belief that wool cannot go
lower and many think that 10 must
advance ana II this be- true the price
OF goods will show corresponding
strength which WI undoubtodly in.
ducc trading in the manufactured
article
The attitude OF the manufacturers
towards he wool market is perhaps
summed up In the statement OF one
OF the principal buyers who declares
that there IL absolutely nothing m
the New York goods market a. the
present moment 10 warrant any buy
ing OF raw materials by the mills m
anticipation OF their actual needs