Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-11-12
FORTY-EIGYT CENTS
REACHED BY NEW .
MEXICO WOOL
One Lot of Quarter Million
Pounds of Colorado and New
Mexican Sold; Little Change
in Situation.
BELIEVED PRICE HAS
HIT THE BOTTOM

business In the local wool market
has been of very similar proportions
and character this week that has been
true during the last month. Mills on
this slide OF the Atlantic have been
following much the Same tactics add
opted hy Yorkshire factors with ref
crcnrc Go the primary markets this
season Up lo q short time ago Am
cricHn manufacturers wore successful
~ forcing prices slowly bat surely
downward contrary Go the experience
OF the english trade. who found wool
vulu,s slowly but surely rising. due
principally 90 the demand from
France
To-day t D. somewhat ot a question
whether prircr hpvc reached the top
abroad urd tho bottom hcrc. Most
nhacr.Drs sav "No" with reference to
the former question ana Yes Co the
latter. II is fair 10 say. however
that there Or moro unanimIty Of opin-
ION as foo ,hr situation hero.
Tho belief that tho situation here
b. at tho tow point is perhaps partly
caused hy tho operations of certain
Pslg.ru top maker who luH taken e.
number OF sample lots ol different
grades ul Amoricnn-growu territory
and fleece wool Tor export this week
anh lgst N le probable fNut thc
woods rnaf yfkcn were thought right
and that uo loss viii result but nee
cor1lnr Goo tho buyers oven ideas there
win ho ro rr,at chance OF huyinr sub
ylnutlal quantities of similar woods
ON 20 profitable basis since tho ar
ference ir cost Of such woods nero
md similar woods abroad " hardly
moro han enough 10 offset the trans
poitatipn and other charges
However Il takes no great amount
Of logic to determine the proposition
that if domestic wool o. really low
enough 90 br exported q is low enough
60 keep at home. whore its qualities
arc be.t known ana whore n cat
%" worked ,to best ADVANTAGE. Tho
situation m this respect also onforcoa
tho statements of not n few handlers
or fine and mcdiam territory woois
that at present quotations desirable
territory sorts are good property 90
own.
Minis Fnirly Employed
GpuDWlv sprnkng both wooden and
voretD1 mills nrc fairly employed on
orders for prompt ociivery. This
statement applies with equal force 90
tupWakors and yarn spinucrs, ln
ono Cpsp. Wc hear uf % spinner ut
woretcd clothing warns Who is sold
ahrgd oven 90 MurCh Not "a toW
mills ere running to nine o'clock
nights ana in number oi instances
both 20 tight aud day shit are om-
plpv,d
The fact that some cloths have been
advanced 2is and g cents and n one
instance ten cents "a yard ls also talk
On uR un encouraging fact. Wool
merchants moreover are not slow 90
remind manufacturers that such on
advance iu goods is hardly comppati-
Die with The contention that wool
should mil ou % lower basis
rho Fail 2, vas Ciip.
Considerable Interest o. being dis
PLAYED in Inc FAN Tcyns clip. concern
ing tho merchandising Of which %
number 90 wool houses are engaged.
Already % le aald that "a small guam
NV eft This clip has been purchased
principally nt about I 9 cents although
some of the cip is said 90 have war
runtcd payment of about ~ cents
Tho clip generally speaking IS under
stood 10 be wcll-grown. on account of
ohuudon' rains. and Is also In very
fair condition. These prices are os-
tmatcd on 27M3S cents clopn landed.
Considerable of tho wool is already
purchased largely hy Boston houses
Noyt Liverpool -nlo. For tho nryt
Liverpool auction of East india woods
which viii begin on November 18th,
28.5oo bales have been declared u
is expected THAT the offerings OF Knn-
dnnurg VIII va of fair proportions
aud condition
Forrinn Markets strong Adylccs
from South Alherioa This week imdl-
cate frm market ON the limited