Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-05-22
WOOL MARKET IS
. HEDGED ABOUT
BY UNCERTAIATY


ufersarera and wool merchants arc
indisposed % undertake. nav contracts
"a tire rates af which new business u
possible. Says the Boston Commercial
Bulletin. The exception 20 thls rule
a found either in the rase u the few
opilmisis among the dealers who ara
taking little wool again this week IN
the west. or else Ia the case % those
Few manufacturers who have some
Immediate needs 20 cover and for the
woods they want win pay rates con-
siderabiy higher than those which
the new clip w0ois are likely "a bring.
The latter case IA exemplified by
She recent advent 81 a certain manu-
factuFer In the market who wanted
some quarter and throc-eighta blood
ssecce wool. for which he said ne
would be willing 20 pay 80 cents. Tie
eventually paid ESQ 90 y cents ON
the other hand Il does not apply 20
dealers who have had souse hold-over
woods. for which they were obliged
to reduce figures when they attempt
"a to dispose OF their holdings, az was
the case with STAPLE Montana woods
this week and last II thus appears
that there IL Wide relative differ
ence between the market made by
manufacturers needs and that Great
ed By dealers desires TO sell.
New CLIP Woods Arrivlng--To com
plicate the price question still fueth-
or. the new clip woods are beginning
10 arrive. although not In large guam
titles as yet. For these wOols manu-
fecturcrs are very 10th. apparently. to
pay a price IN excess Of a half-dollar
clean basis Some now Utahs have
lseen offered al ~ cents. which would
probably exceed this cost and u 10
underst0od that no sales have been
made. A little Arizona wool and
some TAT Sleeps wool has sold, which
would figure cut about on this basis.
Offerings Of new Michigan me
dunn woods for future delivery are
being made IN the market generally
nj 20 cents. although one or two In
stances are cited where price a half
cent or 10 less II understood To nave
been made Dealers have not been
Inclined 10 speculate M this price.
New clip Purchases Moderate
Buying OF the new clip has started up
again IN the west In a moderate way.
Many donlers refuse absolutely 10 pay
the prices which growers are asking
'rhis ~ leading In some Instances TO
the consideration Of making consiEn-
Fnents. Z, practice which generally 'ec-
afes dissatisfaction both for the deal
er and the grower. and which II ~
10 be hoped will not be very gener-
nlly INDUCED IN this year.
la Oregon a little wool has been
a lalr Ifss Ataf
local interests az price which would
mean about so cents landed IN Bos-
ton. IN Nevada and Utah few pur-
chasea have also been made In the
range Of as to Sc cents clean landed
Boston. In tho former state. he
Warren Williams clip has been sold
10 California house AT price said
To be ~ cents The George Williams
clip has also been sold 10 a prominent
Boston house az an estimated clean
cost OF about 80 cents landed. South
crn Utah IL fairly well cleaned up.
In Idaho some contracts have been
placed at prices ranging from 1870
14n cents Not much wool has been
purchased In Wyoming. Tho bulk of
the wool along the Union Pacific
railway, which " rather heavier than
last year according Co ali accounts.
will be shipped east on consignment.
Mil buyers OF Passaic and Woon-
socket are fairly steady buyers at the
above named rate.
IA tho fleece sections. the bulk OF
the purchases are being made In
Michigan. although some wool is he
ing taken In Onto and other nearby
states. For medium fleeces. the go
ing rate AT the moment IL - cents TO
the farmer Some mills are paying
cent and occasionally two cents a
pound more. Il IL said. For fine woods,
IS 20 10 cents h the prize generally
offered. ia Indiana. Kentucky and
Missouri. buying has not yet Stated
10 any extent. although the rates ~
the other states Generally apply here
also
London Closes Firm--The London
market closed "wednesday with prices
very steady and fully on par with
last sales rates. In some instances
prices were slightly dearer Low
crossbreds. which showed a decline Of
about Nd. were fully recovered
Fify.aixes woods we're about va
higher than at the previous sale and
Cape merlnos were par To per cent
above the previous sale. other woods
woer even with mo rates NJ the pre-
vious series
A well known London buyer est
mates that II would cost "a land woods
of the various grades. without duty
charges. about AZ follows For aGs,
a4c; ass 0s. a6c. COS. a7hc. i0-fts,
8sc; tss. t0c. soc, SIC; 5es, 4gci 5ss,
szr. and s4s, Ge cents.
Prior 10 the series the governors OF
the sale. In order 20 sustain prices,
ordered Withdrawn about onc-thlrd
of the 100. coo bales of New zoalond
crossbrcds available. This withdrawal
undoubtedly prevented the slump In
crossbreds which was freely predicted
when ID was arst announced that there
would be zoe. 900 bales OF those woods
offered Americans bought less than
a thousand bales az the sales, chiefly
piecing- out quantities for mill account
One importer estimates that only 500
safes were taken for the y s. A. The
English trade took $4,000 bales aud
the continent III. geo. There were as
geo bales held over.
The rarin The tarin problem, while