Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-05-27
DISCRETION BETTER
PART OF vBL0R IN
WOOL TRADE
Manufacturer Mostly Mark
ing Time and Buying Only
on Speculation and 10 Meet
Actual Requirements.

part Of vnlof" Manufacturers are
still Inclined 20 buy wool only ont OF
one or two considerations, either be-
cause Il b cheap enough 10 be- a Houd
speculative purchase of bec8usH they
must have the woM for actual require
ments. Rather more business hnt
doubtless been pat throueh this week
than during The previous seven days.
but the total volume OF business ~
far below the average volume o.
transactions. says the noston Com
mercial Bulletin.
Nevertheless. manufacturers are
closely watching the market and are
keen IN their analysis 81 the new wool
arrivals. Some of the WOODS which
have just come into the market are
being taken on a basis ~ about nfty
cents clean. which seems 10 be the
basis on which manufacturers want 40
buy the fine and fine medium clips at
the moment.
New Woods Selling Moderately
what new woods have come forward
ara meeting with moderately good
demand New Utah wools are bring
ing, In the grease, anywhere from ~
up TO ~ cents. This wide variation
In price explains the wide difference
IN condition 81 these woods this year
ON the clean basis. however, they cost
on the average OF about half-dollar
some costing cent or two more.
others cent or two less.
Offerings Of new fleece woods are
still a i.ttle above the level al which
manufacturers want 10 trade IN mnns
Instances. selections are not yet
plentiful. however, owing to the back
ward shearing weather.
Moderate Buying in wesi--There Il
no haste displayed in the purchase Of
the new clip seldom. n ever before.
In the history of the trade have the
western buyers shown more conserv-
alive attitude than they have SO far
this year IN the west. Frequently, 60
paraphrase the motto OF the old Eng
lish wool merchant. II has been case
OF "buy and repent" Contracting
ahead OF shearing has been almost
wholly. II not quite. absent. year
ago. probably az least hair OF the clip
Of the country had been purchased up
To this date. largely before belng
shorn.
The Utah clip Is now we'll over halt
cleaned up. having been largely pur.
chased but partly consigned. In
I Nevada further purchases are report
ed. the best clips hauring up around
47a4S cents clean landed on the sea-
board markets IN oregon. trading
has been slow, the better woods bring
ing we'll up towards ATTY cents. clean
landed east.
nrnnstr.ti,. ,.ntttna hn. ...t f..on
done In the Triangle or In Montana.
A little wool has been purchased
around Rock springs. wyoming, &C.
cordlng 10 reports, but most Of the
wool Of this state has been consigned.
thus far From Texas and New Mex
leo no reports of buying are yet heard.
In the fleece wool sections. shear
Ing IN progressing slowly. ON account
OF the adverse weather. on this ac-
count very little wool has yet been
received IN Chicago and not much In
, 81. Louis. For Missouri country
w9Ols. "a cents continues to be paid
at the 81. Louis street auctions. This
IL. OF course. FOR clear woods.
la Wisconsin. as high as 20 cents
has been paid 60 the grower for me-
dlume, while In Indiana. recent adj
vices state that as high as "a and
even 22 cents has been paid.
In ohio some dealers are getting n
little wool al s and 10 cents for me-
dunn and i6 cents for fine but Il mill
has been offering about cents a
pound above the lower price during
the past week. which dealers consid-
or far more than the outlook war
rants their paying.
In Michigan prices are on ab"u, the
same basis as In Ohio, I. e., up 10 ~
n 20 cents for medium wool.
The English Point Of View--''To
see ourselves as ithers see us" Of
ten difficult OF accomplishment. cs-
pecially when the pocketbookE Of the
others" are affectes. Two we'll
known Bradford iopmakeFs and wool
casers have been IN the Boston mar
ket this week getting a line" on the
situation and they have expressed tho
belief that under the proposed tariff
bill. English manufacturers VIII not
be especially concerned with the Am
erlcan market for the immediate fu-
ture. They declare that topmakers
could easily sell their production for
4 six months ahead In England on che
basis OF current prices " they would
but fears that free wooi would quick
en- American competition IN London
make for caution. This attitude u
OF course due to the shortage and con
sequent high prices Of wool and o
considerable drop IN wool prices
abroad would undoubtedly give q
vastly different aspect 20 the situa'
ton
one Of these Bradford men ha'
been getting samples Of domestic fin'
and fine medium territory woods am
IL quoted as saying that he would he
In the market for considerable lin'
at clean landed cost OF AZ cents
Bradford. such woods 10 be gotten ~
on a strict grade.
The Liverpool saies--The Liverf'oo
East India wool auctions opened o.
Monday with total offerings Of ss.etl
bales. Prices were on a parity Wiz
the closing rates OF the previous sal
for good woods. Sandy woods wer'
irregular and neglected. on Tuesday
rates hardened slightly and on Wed
nesday good Joria woods we're sellinl
lat i2Md, while Thursday saw th'