Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1912-03-02
Boston Wool Market,

Business quiet continues IN Ire local
wool market, as lar as fresh transac-
tons, are concerned, but there is no ma
teflal decline IN the movement on stock
sales contaminated some weeks ago. ami
there Is little doubt that current trad-
ing would be much heavier IL il wers.
not Tor marked scarcity Of the kinds
OF wool most wanted Outside of Law
renee. wooden machinery Is very we'll
employed; indeed, al the manufacturing
end of the business. conditions are bet
Ter now than they have been before in
Two years. Meanwhile. the demand for
goods IS sufficiently large To enable the
than recently prevailed The manufac-
lurefs therefore. are keeping Ia close
touch with the wool market and picking
up as much of the woods they need as
they can find
Prices are quite as firm as they have
been lately and there issnothing in sigh
to suggest any immediate Weakening
statiStieally. the local market has sell
dom or never been in as strong a posi-
tlon as now The shipments OF wool in
The first two months of this year have.
exceeded the receipts by almost H. 00000l
pounds. and it is probably true that the
stocks in dealers hands have been re-
dueed that amount
Meanwhile, on account of the high
prices that now rule in the seaboard
clips would not he had al ANYTHING like
reasonable prices. The new woods that
have been contracted for have not been
especially high priced, compared with
the present basis In the East, but the
effect of the contracting has been to
strengthen the views of the growers as
TO the value of their woods Growers
notions in fact, are 50 high that bust
ness ia the primary markets has ceased
Tor the time being Eastern merchants
must secure the new clips at much lower
prices than the growers now ask IL they
are to turn them over at Il profit at the
current local level.
The present LOCAL prices for all medium
woods but especially medium fleece
woods. are, in a way. abnormal and due
entirely to the fact that supplies of these
w6ois are very meaRre and the manu-
facturer who must have any is forced To
pay prices asked No large quantities
could be sold at current prices; indeed,
no such prices could be obtained if the
woods were here in large quantities. 1t
is purely supply and demand market
as far as the medium clips are concern
ed, and at present both supply and de-
mand are limited The growers cannot
be blamed Tor asking big prices for the
new WOODS in view of these facts. but ii
rs also fact that medium Aeeces are
now at o basis at which similar types
OF foreign clips tan be bought in and
sold. proftably. and it is doubtful if the
goods market win escape the effects of
the coming Presidential election.
The trading of the past week has been
SO light as to call for no special COM
ment Fleece woods are too scarce to
figure in the business to any considerable
extent and the trading in territories has
not been nearly as extensive as. IL was
short time ago Medium territories are
in good demand and q good many small
lots have been moved. Numerous, bur
usually small, lots of fine and fine me-
dunn WOODS have changed hands
Included in the recent business was a
lot Of 100000 pounds of original bag New
Mexican wool. Secured and pulled woods
have done little, and Texas woods are so
Well cleaned up that large sales are
impossible. outside Of a little business
in spring woods, California woods have
been neglected.
The leading grades of wool are quoted
in Boston as follows:
Ohio and Pennsylvania Xxx and above
sc. fine unwashcd 2i@21lc, unwashed
half-blood 26027c. clothing 236t24c three
eighths blood combing 2ac, clothing go
&c. ouarter-blood combing. sc fine
Michigan and New York-E'ine unwash
ed 2oM2lc. unwashed half-blood combing
blood combing 2sc, clothing 22q23c, guar
ter-blood 2S929c, unwashed .delaine 24e.
Kentucky. Indiana and Missouri-un-
washed three-eighths blood combing 2sc
quarter-blood csc.
Texas--Twelve months, choice 19d20c.
a,.orage 1Sa19c. eight months l7alSe, fan
16G17c.
alifofnia-Ilumboldt and Mendocino
1Sm19c. southern l4d15c, fall, 14@i5c.
Oregon-Eastern staple, choice lsal9c,
average leal7c, valley No. 2l@22c' no.
22G23c, No. 3 22a23c
Territory--Idaho, fine 17n1sc. heavy
fine 15m16c, fine medium 17M1Sc. medium
2la22c. low medium 2Sm24c. Wyoming
line l7 54 heavy fine l5aise. &C.. fine me,
226p29c: Utah and Nevada, fine 1791sc,
fine l5Gt lye, me lledia. n,o l..,4ee
medium 2002lc. low medium 22n2Sc; pa
lsota fine Noise. medium 22423c, low
medium 23a 14c.
Montana--lTine choice 1Sai9c average
False, fine medium, choice ls@lge, aver
age ffMfSc. fine staple 2lM2i4c, medium
dium 2sa2ic.
Colorado. New Mexico, ete.-Golorado,
fine 166risc. fine medium lSM19c, medium
Al ..&HfAn
Arizona heavy 16miTc, average i9n20c, |
choice 21Gl22c: Georgia 22df23e.
Pulled wool. secured basis-EXtra 5of
per 4sai5oc. low II super ss940c. C super
s5dD3gc gray woods azu 35c coInblng, The
52Q55c medium 4s450c, coarse 42445c