The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-02-04
ABOUT F|VEIMILLION
POUNDS Of WOOL
Kills Want II and Seem Likely
to Want More, Is Report
for Past Week in Boston
Market.

Boston. Mass, Feb 3.-Tho rsencs
are changing with k~aleidoscopic
swiftness In the wool business just
now. Wool, even ungrown wool. rs
master OF the situation beyond the
peradyonture of a doubt, says the
Boston Commercial Bulletin. Com
tracing Ia the territories which had
barely begun last week has become
very pronounced particularly in Utah
and the Triangle section. Even In
Wyoming ana Nevada a few con
tracts are said 10 have been made.
Just how extensively these contracts
have been entered into Is not know
with ans assurance but some csti-
mates place the quantity nus bought
ON. the Sleeps hack NJ about five
million ponds, Prices paid are re-
ported az as much as 1874 to iG rents
IN the Triangle sertfon, ~ 60 10
cents being paid IN Northern Utah.
The motives causing his action
styled by some as bold in the face
Of free wool" are patent. IN tne
first place wool Is admittedly scarcs
In the scn-hoard markets ana money
D. fairly plentiful at lower rates OF
interest. Back of all however g.
the fact that the mills want wool
and seem likely 90 want much more
IN other words the fundamental
icpson Il the faith Ia the ability ~
the domestic manufacturers 20 @
troll tho domestic market Nor does
this ability extend merely 10 the
manufacture 81 medium goods, as
un.r.aA lNIaNN nnrANN - hat uNaa
tn even the fin'r goods. on which
some manufacturers have begun To
receive business some merchants
Ia the trade are bold enough 20 pre-
Diet that American manufacturers OF
wouiens and worsieds viii be selling
very generally abroad In the neal fu-
iure. but az Kipling says, That Is
another story"
II h certainly Just cause for con
graduation thai the domestic manu-
~facturcrs are finding u possible to
compete 10 such good advantage with
the foreign manufactures and Il h
Co he hoped that contracting VIII not
proceed 10 such AN unjusiified cx-
tent az "a prove n boomerang.
Goods Prlccs Tend Upwards.
The leading factor ~ the goods
market has marked up certain scrges
ten cents "a yard. Reports current
In the goods market generally in
duce the belief that prices will be
marked up on other lines also and
a. view Of the position 81 raw ma.
toriai. this doeH not seem az all IN.
likely. Following the lead OF raw
WOOL. tops have been advanced IN
price n finally yarns are quoiabiy
higher Thus q Is inevitable thot
prices on goods must likewise be- ad-
vanced 81 business is to continue.
Foreign Markets strong.
London closed strong wita purch-
asses for the United States estimated
al 5000 halea. England bought
about 40 600 bales. the Contlnen,
about bS 600 and some 1000 bales
were held over. Prices were fig
nred al an advance OF from 3 to ~
per rent for the better woods. with
occasional choice lots bringing 50
per cent over the previous series.
Australia-The competition at tbs
Geelong sale ON Thursday aud at ths
Melbourne series was keen, especial,
NJ the former place. There was q
large supply Of choice crosshreds ans
a small supply OF good merinos
America and Yorkshire we're keeF
buyers but the continent Jagged. Fins
comeback sS-60s were barely firm
being stlmated as down By ~ 20
per cent herinos were unchanged
as were also medium crosnhreda
c~Fossbreds. 4es and below. wer,
about ga per cent up. Melbourne
had "a fair SUNNY Of nood wanls TN,
market WAS rather hrmer "a Sydnel
under very strong general competl
lion. Ninety peg cent or more wa
sold a. All the Australian sales.
a sale will be- held at brisbane mex
week. when 20. 900 bales viii he Of
fered.
New zeaiand-At Timaru last sat
urday $4,000 bales were offered
There was an around keen compel
tlllon ana the market was fully uI