Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-06-02
CAUTIOUS BUYING
OF WOOL BEGINS
IN THE WEST
Slightly More Optimistic At
titude Evident in Trade Dur.
ing Past Week General De-
sire to Have Tariff Question
Settled.

shearine walt for no man and while
the solona ut Washington are not con.
tributing very much towards reliev.
Ing the uncertainty, necessity IA force
ing trading 70 a certain extent. says
the Boston Commercial Bulletin.
Manufacturers are watching de-
velopments IN tire trade very closely
and a. cheap lots Of wool are offered
they do not hesitate to buy. unless
they think the market can DO forced
lower. Dealers have reached the con.
cIuaion, apparently. that the low point
further attempts on the part Of the
manufacturers 70 bear the market
have met with failure.
More Optimistic Atiatude--zt han
been dlancult for dealers during thu
pact few weeks 70 be anything but
penalmistic under the market condi-
tons prevailing but the coLtlnued ab-
stinanco from buying on che part OF
dealers In tie west has had its erect
and values on aone woods this week
purchasers. Particular reference -
purchasers Particular refeerncs 10
had 20 the purchase on the part OF
several dealers OF some 1000 bags Of
secured western A supera ia Chicago.
These woods were bought on a basis
OF 4a9ts cents. landed Boaton. ac-
cordlng 10 color etc. Attempts 20 buy
some Of the remaining woods OF sim-
liar character have met with a price
advance OF one TO two cents n pound
, but transactions al the higher figure
were not put through, according 20
latest advices.
General Market summary. Perhaps
the most interesting feature Of tho
weeks business. locally. has been the
sale of several hundred Thousand
pounds os unwashed ohio delalne. for
which tho price obtained was 22 cents
This wool. Il r. estimated. would
shrink In the neighborhood OF 90 per
cent. which would make the clean
basis about Sc cents. Competing for
eign wool. 6fs Australian, would cost
To import, without a duty. about so
cents clean Thus the market il
shown concluslvely TO be down TO a
free trade basis. AT this price for I'M
washed delalne wool. II Il clear that
dealers are paying. at IA 10 rs cents
ali the fine woods should logically
bring In ohio Anything beyond these
1 FiN'N " HultN HUftuttANts ~ tue
face Of probable free raw wool.
OnerA, which we noted last week,
TO purchase fine and fine medium terri
tory woods for shipment to Bradford
on basis OF ~ cents delivered have
not met with hearty response. APP
parently. although some wool has been
taken for that destination. presum-
ably at the price offered. or approx
mately that figure.
New clip Advices-- Buying OF the
new clip In the west has been some
what more PRONOUNCED this week.
principally on the part OF the manu-
fncturers' agents Dealers ARE at
tempting 10 operate with discretion
! The most important news from this
direction u reported contracting on tho
: sleeps back OF the wool clip. OF about
a half-miliiOn pounds. In Idaho. The
price reported paid was about Il
cents for wool shrinking o. q whole
about 6S per cent This would NEAR
clean landed cost OF about 53M 81
cents. II Is understood that the pur
chser was a New Jersey mill Othel
sales are reported at i7miS cents fo
woods shrinking about 6s per cent.
In Utah, probably seven-eishts o
the clip has passed out OF irst hands
that ls. az To is million pounds. A
this writing il Is estimated that abou
two million pounds are left In tina
state OF which one-half ~ shorn.
In oregon. some buying IL still be
ing done by the mills. but dealers ap
pear 10 be watching proceedings
rather than buying 10 any extent
Nevada woods are moving SLOW "
some of them being consigned. sale
Z are on the basis noted a week ago.
small consignment IL reported frou
Montana 10 a Boston house Buyer
are beginning TO arrive In Soda Spring
but no business Is yet reported. II
the southwest. buying has not yet be
Z gun. Nothing new In reported from
Wyoming
In the fleece and bright wool sec
lions buying is progressing with mod
Grafton, manufacturer for the mos
! part taking the woods that are belnl
bought For best medium clips 20 q
"a cents and even ace. T. q. b.. n SAT-
TO have been paid by tho mills. Deal
vrs are unwilling 20 pay a. n rul
over 5000 cents and some do no
wish 10 pay that much. These price
apply pretty generally 10 the briEh
= wool sections Fine wools have no
A been 50 eagerly sought, ~ 10 rs cent
being the top prices prevailing.
- At the Mllls--Conditions have M
/. changed materially at the mills sine
our last report Wooden mills appea
10 be receiving fair Duplicate heavy
!. weight orders ana some duplicates az
r coming forward for the woratod MILL
In the dress goods plants fair schec
ule Of operation IL maintained in thos
. mills whore prices have been guar
!. anteed.
Conditions with the yarn spinner
Il and t0pmakers are stlll rather unset
tied, although Il IL Doubtless true tina
n these lines are nearer 20 n fixed has
4 ~ operation.
10 The Tariff while the trade wit
:. good reason hopes for a more favor
II able tarln, as II n eventually enacte'
! there IA a very strong desire to has
q the question settled as speedily as pos
~ sibie. The market is now PRACTICAL
II on free trade basis and while man
:. would like 10 see u on higher ievc
IA =