Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-07-31
HEALTHIER TONE IN
WOOL TRADE IN
PAST WEEK
Demand Broadening Slightly
Tariff Delay Restricting
Trade; New Mexico Clip Re-
ported Coming Slowly.

A"etuh, MASS July at,-Mhlie uc-
'uai transactions during the past week
VA the Boston wool Grade have indi-
Gated little actual change from the
situation which has been la evidence
Tor several weeks. the CONSENSUS of
uPhlon is that there Is healthier
tone, innsmuch as demand IN broad
chins somewhat says the BOSTON
Commercial Bulletin.
manufacturers have not been OBJ
liged yet To come into the market To
such an extent that prices have been
advanced, but BY steady demand for
retail lots they have maintained the
market On steady basis.
II is unquestionably true that the
trade are free sellers on comparative
" tsuall margins of profit An en-
coufnginS feature 81 the trade Is the
pufchase OF a very considerable auan /.
tity OF sample lots. ON the later ar
rivals. the margin of profit ls little
Z wider perhaps because OF the fact
that these woods were bought to bet
/ yer advantage. Wooden mills are ex-
hihiiing kcencr interest, presumably
on repeats and secured fine w0als OF
character are firm. NOils, too. are
selling 10 much better advantage. es-
peclally Ia the fine domestic grades.
Tariff Delay Restricting Trade
hhtie ~ very strong conviction
throughout the wool textile trade that
were the tariff bin enacted. business
would be very greatly improved tenn
porafily AZ least While the tariff
~ unsettled. however. there ~ uucer-
lalnty and consequently inaction. II
Us generally believed that the recon- !
mendations Of the finance commit.
tee relative Ia the deferrlng Of tho
date uf effect of Schedule X viii he
sustained in the final bill and some
business has undoubtedly been done
as result OF that belief
AZ 90 the rates on tops and yarns
az and ~ per cent ad valorem. re-
spectivoly, there Is much dlsauietude.
The opinion Of the English top and
yarn trade that there would be very
considerable Imports Of tons and warns
M the rates of g per cent on tons and
~ per cent on yarns Il likewise held
hN the local trade. duty of only
i've per cent on tops would undoubt-
cay he ruinouE on tho present cost Of
production. and the same ~ undOuht-
ediy true with reference 10 yarns
Immediate Interest IN Goods situation
Chief interest for the immediate
future ccmiers In the New York goods
market n ~ generally conceded that
the majority 90 manufacturers are
running close on raw material and
with any lively demand on goods
wual uiust feel Isle impetus very
quickly
some of tho leudlng mems wear
iactofs have made npenings of liuht
weight fancy worsicds and wooicns
during The week The goods shown
were principally those priced IN the
range Of tt.e2h To- 81 70 por yard
This h q reduction uf to 40 per
a..
New CLIP Buying
Ruying has boon somewhat ncceler.
nted IN Montana during the week ana
everyone has taken little wool. be-
sides which some has heen cunslgn-
- which was held at higher prices
than dealers cared To- meet rho
prices paid for the wuols purchased
have heen on about the same basis as
those current week ago, i7m17h
cents being the going quotation FOR
woods of staple character shrinking
around g0Ggg per cent IN some In
stances Il IL said the prices paid have
favored the buyer rather more than
they did week ago, perhaps To- the
extent 0f - haif-cent IA the grease. 4
few exceptionally light shrinking lots
have changed hands al higher rates.
one small lot bringing 10 y cents. but
furnishing NO criterion OF the market.
except as ith exceptional quality ~
taken into confederation. Estimates
are generally agreed upon seventy
five per cent ns the proportions OF tho
Montana clip moved eat Of first hunds
To date.
Some further conSignments are re-
ported from Wyoming while the clips
of New Mexico and Colorado are mOv-
ing slowly, partly by purchase and
partly hy consignment. Oregon. a
cleaned ZIP except for a few hundred
thousand pounds. Idaho h also prac-
iicaily cleaned out OF wool. the odd
cllps loft being shipped a. rule on
consignment
In the fleece sections, only mod.
crate quantity ~ wool ls mnNiRg. the
deadlock between dealers and grow
crs restricting buying Va very mark
ed degree. one or two mills are stiil
taxing some unW ashed fine wool and
paying saW2t cents. accnrdlnr 10 the
proportion ~ delalne woods 10 the
clips.
liverpool Aucllons.
The Liverpool auctiong opened w