Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-07-08
M0RE BUSINESS IN
WOOL MARKET IN
PAST week
Manufacturer Indisposed to
Advance Paying Prices T;
Beat New arexiean Clean
Bring As Cents.


Boston. aiass.. Iuly 1.-Raihef more
business has nacn done Ia tho market
this week, taking everything into con .
slderation. Prices have hardly ap-
prcciated over last week. however.
and manufacturers are very much in
disposed 20 advance their payine
prices and while they exceed thin llm-
e for the best WOODS their basis Of
argument and Of computation as welt
y fifiy cents clean for best fine and
fine medium Woois and about as ccnts
for medium clips
An rmwarranted Tariff slash.
Ovcrshadowinn the opcnlng OF the
London sales and the new clip opera
tions IN the west has been the report
ed slashing OF the duty on tops by the
senate finance committee from i5 10
per cent The proposed bill was
harsh enoug| In its provisions before
and would unquestionabiy have put
-uut OF business many mills whose
equipment was BOT right up 20 the
minute Even s5uie ~ the best equip
ped mills have had grave doubts a.
80 their ability to run under the pro-
posed act.
The proposition to put tops. both
wool and mohalr, on a five per cent
basis means not only surrendcring
what eopmaking a done here either
on commission or by the cloth manu-
facturcrs who buy their own wool 10
the English topmakers, bat Il also
means that u will practically drive the
wool merchants on this side out 81
business. az any rate so far as Inn
porting foreign wool Is concerned.
Fifteen per cent duty on tops would
doubtless be protective with the pres
ont prices 81 raw material. but five
Der cent would give our manufactur-
ers much less than an equal chance
Not only that. but English topmakets
have mmde a speciality Of that work
az Il has not been possible to do here
and are past masters In the art Of
manipulating tops by the admlxture ~
lower cost materials. which would be
= further handicap for domestic top
makers. There ls hope. however.
that n the duty should pass the senate
At five per cent. Il would be modi-
fled In conference.
London Opeps Faster.
with good attendance. the July
series Of London auctions opened in
Coleman street last Tuesday. offer
ings for the day we're 1e.9si bales. al
most wholly of cropsbreds. Cross
areds on the c0aFyrr side we're the
best sellers. Americans taking some
fortles. according - enc cable. Cross
hreds 81 the medium 20 finer cast
were Off par 10 five per cent. There
were very few merino woods put ur
al the opening sale aud these showed
no change in rates from the previous
sale.
Considerable speculation IL rife ~
To- whether the sale win maintain val
ues on parity with last sales clos
ing rates and there are not few whr
arc OF the opinion that prices are
going lower. American competition
for the offerings NJ this sale VIII not
be heavy and many spectators who
bought woais in New Zealand az very
dear rates Ia thu expectation that Am
nrican mills would take them OF theii
hands ~ London later are quite likely
To be kecnly disappointed.
Foreign Markets Faster.
All advlces from the foreign mar
kets show an casing of IN prices
Last week. Antwerp showed q declin'
" par 10 2is per cent while the close
of the Brisbane sale shows decline
af u penny over the rates at the Omen
! Ing DAYS sale. Offerings were $4,000
bales ~ which % per cent sold.
Al the sale In sydney last TUESDAY
when offerings Of 10000 bales were
made. prices made further decline
Of about I'D.
some Comparative Values.
some purchases FOR this market
have been made ia the Australian
market during the pass week which
give some Interesting comparisons ol
where prices are tending for domestic
wool today one dealer who bought
seine super-6i 6Gc which compet'
with fine staple Montana or fine de-
lalne fleece woods estimates me clear
landed cost az 50 cents for WOO
shrinking so per cent Montana iin'
staple 10 compete with this wool woul,
have 10 sell. II Is asserted, on "a basis
OF not over f8Mi9 cents.
Geelong woods Of this same grade
are NFiu mere ~ hNNu WNt'U ~ ." Nf'f
can be sold at 80 cents Ia the grease
for wool shrinking as per cent II
compete with such wool Montana sta.
pie would have 90 sell for about ol
cents in the secured state.
on medium woods Il "a also estinn,.
ed that were the duty 90 be removed
today. Il would zoe found that foreign
competing wools now held In bond
could be sold without reference "a tht
better way IN which the foreign WOO
Ia gotten up a. 90 5 cents a secured
pound cheaper than competing 40
nestle medium combinE wool
Western Saying Iess Active.
Reports nj hand this week mat
cate rathor less active market IN he
west Some purchases have been
made recently "a Dlli0n, involving AZ
together well up towards q million
pounds ~ wool. which went - sever
al different dealers ana not 10 one
dealer ~ Geographic advice last week
stated. For tho best Of those woods
about i7mt7 ~ cents n aaid "a hhV'
been paid little wool W said "a
have been taken hy one dealer ~
eastern Montana az price practically
on parity with the rates paid it
- H. al