Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-04-04
WOOL TRADE HAS
HAD VACATION
PAST WEEK
Much Of Uncertainty and
Weakness in Market Due to
Garment Workers Strike;
Arizona Clip Begins to
Move

NeA@""AA~ NNAf - a." "
Move
Boston. Mass. April s.---wi,h the
exception Of one " tee large heutss
which have the larger quantity Of sup
plies on hand. the summer street wool
trade has had pretty much OF q va
cation this week, says the Boston
Commercial Bullesln. Those pafticu-
lar houses report q very fair amount
n business and un the basis u prices
which have prevailed for desirable
selections during the past two OF three
weeks odd lots Of wool have been
solo at miscellaneous prices and Ia
r.W instances some fair sized lots 81
desirable wool have been picked up at
bargain prices. Manufacturers, how
ever, when they actually need wool
Tor specific purposes aud they are all
running close on raw material are
simply forced to pay the price de-
manded. Hence We have a market OF
extremes. some dealers. who are fore
ing their woods realizing low prices.
while others who are not anxious
sellers realixlng good full rates.
Much OF the uncertainty and weak
ness of the market latterly has prob
ably been due TO tho short sales OF
topmakers and yarn spinners who
have considered the recent past. on
account OF the strike among the gar
ment workers, "A strategic moment Co
operate believing that they would be
able 10 cover short selling al cut
rates with low-priced raw material
This move has doubtless resulted fov-
orably TO buyers % "a certain extent.
The fax end Of the purchasing 10
cover these short sales. however.
doesn't seem To be accomplished quite
30 easily.
The Goods Sltuation--The situation
IN the mems wear division of the
New York goods market has been con-
siderably upset during the last week
or two because of the understanding
which got abroad that certain houses
had reduced their prices on fail
goods. either because OF lower quota
tiona In the yarn market. or else
through manipulation OF tho goods
themselves. Ia either case, consider
able quictude was the result and
many Inquiries are said 10 have Nome
forward to distributing houses as TO
the present situation regarding values.
lmportatlons Of heavyweight dress
goods are reported as very marked for
such goods ESPECIALLY broadcloihs)
AS are made ON squared looms This
demand for foreign dress goods Is said
to be the result ~ the fashion changes
rather than the expected reduction In
| tnrln duties.
In spring goods both for men and
wOmen's wear there appears 10 be q
fairly good business moving both at
distributing points and with the retail
ers. the season having been very pro-
/ pitious thus far
Weaving and knitting yarns have
been IN limited demand OF late and
prices have been very erratic,
Tarin speoulatlon-There can be no
| question but that there Is "a hold up
/ In business on account Of the APP
! preaching revision OF the tariff. now
become a practical certainty. Chair
man Underwood recently made "A
statement that no official announce
ments regarding the several duties la
the various schedules had been made
| by the committee on ways aud means
and that almost everything which had
been printed on the matter had been
not only wrong IN almost every in.
stance. but also generally misleading.
From sources OF Information which
seem To be very close to inside facts.
however. there has come several times
OF hate the assurance that the Bulle-
tins prediction of 10 per cent ad va
loren on raw wool would be- the rate
proposed In the tarln bill as intro.
duCod TO congress whether or not
cuts will be made la manufactured
and partially manufactured goods In
| Schedule X az compared with the
original Underwood bill. correspond
Ing To- the cut Ia raw wool, remains 70
be seen
The New clip sltuauon--As set hut
little has been done towards moving
the new clip in the west except Arl-
zona. Some early shorn wool has
been sold In the Yakima valley. Wash
ington, al ~ To ~ cents for fine wool.
or clean cost laid down Boston estl-
mated nt about SO cents Medium
clips are said TO have brought A. 20
II cents and one clip Is understood 10
have sold at "a cents Altogether
same two or three hundred thousand
pounds has changed hands bat latest
advlces state that tho trading has
ceased for the time being
IN Utah. rumor has ~ that GER
tain clip of some 1900 neeces has
been contracted al 10 cents. Many In
the trade do not believe this 10 he
true. shoarlug In Nevada has begun
and very little wool ~ reported Ia
have been sold va that state al a. a.
rs cents.
Floods through The fleece wool see.
tons have doubtless been more or less
destructive of sheep. To what extent
the loss has gone is uncertain no adj
vices being received IN the trade 40
10 the present writing, all wires being
down la the Hooded section and even
this side the section most affected, 80
that although local men are on the
Scene. they have found u Impossible
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