Eastern Utah advocate. [volume] (Price, Utah) 1895-1915, 1913-06-19
WOOL MARKET


Correspondence The Advocate.
BOSTON. Mass, June 14.-Thls
week has been quiet and uneventful
in the local wool market, most Of
the interest being at present center
ed in the primary markets In the
West and in Texas. Conditions have
been reversed of late, the mill buy
ers having lowered their buying
limits to some extent, while dealers
have shown more desire 70 secure
some OF the desirable new woods,
even though it Is necessary to pay
more money for them than seems 10
be- Justified By market conditions
here. At Kerrville, Tex, on Wed
nesday, nearly a million and n hair
pounds OF wool were sold, tho first
sale OF consequence In that state
this season. This wool was all Sc
cured By a well known Boston house
on sealed bids. the price paid belng
withheld. Further sales have been
held in Eastern oregon and West
ern Idaho, the sale at Vale. Ore,
on Tuesday resulting in the highest
prices OF the season being paid.
These we're estimated to mean
secured cost laid down here of fifty
one to fifty-two cents for good sta
pie clips and forty-seven 60 forty
eight cents for ordinary woods. a
little wool has been transferred in
the Triangle" at fifteen to sixteen
cents In the grease. estimated TO
cost forty-throe TO forty-five cents
laid down here for secured medium
woods.
In Montana, shearing is just com
menclng. and only one clip OF i'm
portance has been sold az yet. The
Ray clip has Just been secured By
the Chicago dealer who bought 81
last year, the price paid being IL
to I'm cents. against twenty cents
paid last year. This clip includes
seven hundred thousand 10 eight
hundred thousand pounds OF wool,
about two thirds staple, and will
shrink siKty-four to sixty-flve per
cent. Buying has duieted down
again In the fleece wool sections,
the mills being unwilling to continu'
paying the high prices demanded in
the face OF conditions here. With
this change OF front on the part OF
mill buyers. dealers have also low.
cred their buying limits, and the re-.
suit Is that for the moment very
little wool IL being transferred. Re
cont sales have been made on IN,
basis OF twenty TO twenty-one cents
for medium woods and seventeen "a
eighteen cents for fine. In bo,h
cases to the farmer. The new
fleece woods are arriving very SLOWLY
as some OF the dealers have notified
their shippers not TO hurry the neN
woods along. Others have received
moderate sized lots and have gol
them opened. One house reports
the transfer OF about one thousand
OF new flecces on the basis OF 20 e
2Oia cents for fine unwashed WOOL
and twenty-five TO twenty-five,
cents for quarter and three-oighti
blood combing woods. No delaini
have yet been moved. and washed
woods have not arrived in sufficient
volume TO warrant their being
shown. The new territory WOOL
continue TO move very slowly. this
prices realized Just about letting the
dealers get out whole.
Manufacturers show very little in
terest. the bulk OF the transactions
for tho week being In small lots OF
both greasy and secured woods need
cd for the mills who have taker
some small orders for duplicate
heavy weight goods and must have
a little wool TO piece out with. Lott
OF secured woods are being taken
five to thirty bags at time. and
Il II apparently impossible 20 gel
b manufacturers TO cover their need
beyond few days ahead. Pulled
woods are quiet. the cleanup sale OF
about two thousand bags OF Chicago
A superH recently having relieved
, the market Foreign woods are
quiet. with only scattering sales OF
small lots OF wool IN bond.