Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-10-20
GENERAL OUTLOOK
IN WOOL MARKET
IS GOOD
Boston Judges Consider That
Conditions Are Fair in Spite
of the Tariff Legislation
and Business Conditions.

Ihe Boston Aeininticiul AuNeiAih-
cr which gives very careful atton-
ton 10 the wool business of the coun-
try. has made very careful review
OF the situation, az seen from the
heart OF the wool buying section Of
the nation. In its issue OF the present
week The report says in part:
Tho buying movement which start
ed up three or four weeks ago with
the purchase OF considerable line
OF south American crossbreds has app
parontly passed the crest and the
tide is now on the ebb Judging from
tho amount OF wool bought In the
local market during the current week.
Altogether hardly mare than three
million pounds changed hands, al
though prices have generally shown
little change being lf anything barely
steady
The mills. which appear 10 be re-
Coiving orders In considerably less
quantity than az tho beginning of tho
iight-wcipht season have been buy
ing but sparingly ana Il would all
most seem that Chicago and 81 I.ou,s
have done more business than Bos-
ton thls week according to current,
reports
Trade Moving Cautiously.
II would seem that with goods for
the lightweight season priced as low
as they have been that orders should
have been very heavy to date and
with some mills doubtless. very sub
stantnl orders have been placed bu,
the possibility Of importing staple
goods after anuary first has unduubt
eddy caused clothing manufacturers
and iohbors 20 hold of their buying
90 experiment ANA 20 play the for
eirn against the domestic manufac-
turcr to what extent thcy can.
Another vital and disturbing fac
tor In the present hand-to-mouth
buying of course b. IA, proposed eur
rcnCy legislation la Washington.
CREDIT" said prominent wool deal
or this week, lis the most sensitive
thing la the business world aud tho
present currency legislation seems TO
be anything but reussuring To our
bankers" With such condition OF
affairs, naturally business men arc len.
clined 10 go slow
The wool trade. however Is not
pcssimistic oven though the tr,ing
experiences of several recent years
might we'll cause such q frame Of
mind. ON tho other hand. there are
many In the trade who are anxious
to get at the cnemg" as President
Wood nf the American Wooden COM
pony puts Il and they are not few IN
the trade who say that 'hcy believe
that they can "gct by" Tho general
disposition Of tho trndc however. h.
10 get possession of the facts $50 far
as that is possiblie) surrounding and
confronting the trade at the moment
In other words the proposed tariff
which becomes effective ON December
LIST and January LIST FOR raw wool
and manufactures OF wool respective
~, is wholly AN experiment ana con-
ditious under II must be more or
less tested to be- known
Lond0n CLOSES strung.
London closed "wednesday with
prices fully on par with the open
INK rates. Medium to low crossbreds
were par 90 five per cent above the
close at hast sales rites ana fine
crosshreds and mornos were par "a
~ per cent mp Estimates of the
purchases for this country vary from
q 10 Thousand halos ono report
stating that ont of seven thousand
bales bought, only four thousand will
Doc shipped to this side Immediately.
The English trade a. credited with
taking 1900 bales ana the continent
$4,000 out ~ total offering NJ 40. 100
bales. American purchases are un-
derstood to have been low crossbreds.
fiftY per cent Of which went 10 tho
order Of two mills, AMI slipos fpulled
wnoD. Demand was koener through
out tho entire serles. especially on
crossbreds. than he'd been generally
expected The opinion n entertained
in many quarters. that not little az
tho huylng was speculative in anti
cipl,ion ~ American needs later
There were $4,000 bales held Ger fvor
for The sixth series (which opens Mo-
ycmher 2Hth
n o. estimated that tGs New Zenl.
and crossbred woods would cost
landed here. an charges paid. on the
basis of the London sales 2702S
cents or about 40 cents clean. az
against about 80 cents M the clean
cost Of ohio quattors today ALLOW.