The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-03-11
WOOL MARKET Goes
STEADILY BUT
SURELY UP
Boston Report for the Past
Week Shows Constantly In
creasing Demand Through
out the World.
STRENGTH OF MARKET
ITS PRINCIPAL FEATURE
New Mexican Secured Brings
Top of the Market. Details
of the Weeks Trading.

OF the tch , Aldulhbs
There h good news in this weeks
report from tho Boston wool ma
ket. THE Commercial Bulletin ia its
weekly review, says.
Advances In the price OF wool are
sttll being chr1niclcd with monoto-
nous regularity. Everywhere through
out the world the demand for wool
il insistent ana holders are cncour-
aged "a mark up values. SO that u
would seem almost - if there were
no limit TO she price which might
be demanded ior the staple.
Locally the buyers have been some
what less active during the week, al
though a Few houses have sold tair
weights OF foreign wool Sales Of do
mostic wool have been OF small pro-
offerings being few and prices
high.
London opens Stroug-opening
prices az the March auctions Ia ON
don were 3 Co 10 per cent higher than
az the close OF the January sales. Ac-
curding To uur ~ direct cable from
London, the market has since ad-
Nanced and prices are nov fully 10
per cent higher on mcrinos and go 60
1874 per cent higher on c~russhrcds
than at the close OF the January sale.
American purchases at the sale
thus far arc reported ar chiefly Of
the nne and medium crosshrods and
this ls Interpreted to mean that pur-
chases are largely on mill account
fro this side. 4 few of the choice
....t..- -. N.HNta NHIar lint TTlNIlN
choice fine WOODS are not available
IN any large quantity. according to
all ndvices. Prices received In the
market according to private cables
are i2d for ass and ~ u d for iUs'
orossbrcd, while Gis merino are quot
ed at i5d. or fully o. 20 . cents landed
in Boston.
Western Contracting Increases
Possibly the fuiflllment of predictions
in London hat prices would show "a
sensible advance has zcep. rvsppnsible
FOR the increase In contracting on the
sleeps back this week the west.
Whatever tbs cause. u rs estimated
hat close TO ten million pounds ut
wool have been placed under con
tract over and above what was re-
ported last week. thai h., close To-
thirty million pounds H. now under
contract 10 eastern dealers
The enter OF interest this week has
been largely in Montana. where some
OF the best clips have been taken and
as high as as cents for the best clips
hats been paid. or an estimated land
ed cost of about 90 20 IS cents II
Is reported that for n clip 10 cents
has been refused. although this price
seems uuduly high.
In Wyoming SOME wool has been
taken on contract also during h past
week and IL is said that one operator
has already paid - cents FOR "a clip
on the Sleeps back. which brought
only 1914 ont in the Boston market
a year ago.
In the Triangle prices rave been
advanced somewhat and this section
h estimated 10 be about GO 20 20 pei
cent contracted. while in Utah and
Nevada occasional contracts are
placed at the top prices of "a week
ago. In western Idaho the situation
has changed but little and 10 y to J.,
cents Is the top price for the clips
of this section. Nothing new appears
10 have been done la oregon or east
ern Washington. while the situation
II hardly changed in California.
In Arizona little wool has been
bought a yet Shearing b. we'll un'
der way around Phoenix, and consid'
cradle Of this wool IL being sent for
ward on consignment. Advance snfn-
plies a. this wool have been shown m
the trade and sales are understood "a
be pending on them. a few contracts
have been placed iu New Mexico ana
Colorado. hut nothing new appear
go have developed In these two states
ln the past week.
Al the Miils-With the manufae'
I%turers. the situation appears 20 have
changed little u ANY. Many Of th'
mills are well occupied hut AZ whal
profits n any r. problematlcHl From
the reports current In the trade II
would seem that profits are not com
mon ON the contracts which the mill
have made on their production thur
far.
The leading factor opened fuFihel
lines OF fancy and serge dress goods
this week, but the prices named show
no real change from the situation ol
late.
yarn appear 20 nave t"nA0
Ia little better trade but top makeri
seem 20 have slowed up a bit oxcepl
for old contracts.
Prospects and Prices.
In view u the fact that the world
needs wool. n Ia doubtful II prices
can 20 any lower for some time q
come.
Terrltory-Except for the holdingl
OF one or two houses az grease ter
ritOFy woods the general opinion q
the wool trade n that even higheI
prices are likely I prevail, although
Il does not follow 81 necessity thai
any considerable further advance IL
inevitable.
Ohio Fieece-Aside from a beiated
lot 81 80. 900 pounds Of = and A
combing and some odd lots. the sale
OF Ohio fleece woods has been Of negli-
gible proportions. a little half-hiood
clothing Is reported recently "a ~
cents. hut holders OF the little fleece
wool sim available. both here and In
the country, are unable 10 obtain ask