Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1911-09-16
Boston Wood Market.

Surface conditions suggest dull mar
ket locally for wool but the actual mar
Set Is anything but q duh one. though
I must be admitted there is not as much
LONG as there WAS a few weeks ago.
Few large Individual transfers are re-
ported. nat there is a steady stream OF
mai lot safes which. with liberal orders.
make NcIy satisfactory aggregate.
Prices 90 not change much and the
MARKET can be We'll called steady 1t is
repo. led that there is little softenng
II prices on secured woods. The sales re-
f@FtCs this past week fail to disclose
any decline III the price of these woods
an everything else that has been moved
has brought at least as much as IL did
asst ok
or course. buyers are using every ef-
tort 20 break prices, but SO far have not
2een successful Dealers only Just having
nnlShed taking II the new clips feel the
better policy is To wait the buyer out.
II is figured that goods orders will ne
larger soon, and that larger demand
tor wool Will ensue. Increased Durcha seS
of wool now could be brought about only
at the expense OF prices because the pol
icy Of the manufacturers is to buy the
raw material as thee rders for the nm
ishcd goods come forth.
Dealers in general believe that current
prices are low enough all things con
sidered. II is pointed out that the present
basis on domestic wool Is from 10 to %
Gef cent. below that of year ago, while
IN Australia, where new season is just
opening, prices are almost. IL not fully.
as high as year ago. Such situation
naturally rebounds to the favor of tne
domestic woods, since il reduces compe-
ition. Another strong factor In the sit
uation Is The decline in the domestic pro-
duction OF wool in the past few years.
II is estimated that this years clip is
5000 900 to 100000 pounds less than that
of 1907
il is reasoned, therefore, that between
the high cost of foreign woods and the
consequent decrease in the importations
on the one hand and the domestic clip
ON the ether, that the American minis
would not have to run more than 60 per
cent. capacity to absorb all the wood that
Is now available, and most of them are
running fuller than that now.
The principal demand locally is still
for the medium styles of wool. though
almost all grades are getting some call.
The leading grades of wool are quoted
In Boston as follows:
Ohio and Pennsylvania-XX and above
26n2Sc fine unwashed 2l@21tc fine unmer
charitable 23a24c. unwashed half-blood
combing 26u2zc, clothing 22G23c, three
etghths blood combing 25ld26c. clothing
23fI24c, quarter-blood combing 24s6t25c. fine
washed delaine SN@3lc, unwashed 25c.
Michigan and New York-Fine unwash-
ed 20Q20lc, unwashed half blood comblng
25626c. clothing 22@23c, three-eighths
quarter blood 2S.@@:24c, :awashed delaine
|23@24c
Kentucky, Indiana and Missouri-u,n-
washed three -eighths blood combing AiM
Csc, quarter blood 23lM24c
Texas--Twelve months, choice lSnl9c.
average 164l7c, eight months 17@1Sc, fall
l5n16c.
California-IIumb9iit and Gendocino 20
T2lc, northern choice l9q2Gc. average 1I0f
1Se, middle county 17@lse, southern $50
III. fen 15016c.
Oregon-Eastern staple. choice lSdl1c,
average 16Gjl7c; valley No. l 21m22c, No. :
22M23c, No. $4,000
Territory Idaho, fine 1s@l9c, heavy hne
1itir