The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-05-14
NECESSITY IS THE
MOTHER OF HIGH
WOOL PRICES
Boston Authorities Say Manu-
facturers have to Come
Across These Days and Won
der If it will Last.
BOSTON MARKET STILL
SHOWING STRONG

q ~ ANANNNN NNA"NN NAH
reviewing last weeks wool market.
says In part
Necessity may be the mother Of IN
veutlon but la wool she is unqucstlon-
ably the mother of high prices at the
moment Tor undoubtedly necessity
has compelled the mills throughout
the world to pay the prices which are
ruling today VIII necessity continue
90 force prices upward h. the ques-
ton now being asked ana for the inn
mediate future only an affirmative
answer IL given. but the %corollary TO
the question. or is answer Is. How
soon will IL be before necessity will
give birth Co substitutes to offset these
high prices: 30
While there Is no large volume Of
wool being sold there is q very fair
amount OF trade considering the
stocks available On TIE market. and
everyone comedies that the demand
for wool b. kecn and hat prices are
undeniahly firm Transactions of the
week ave included both foreign and
domestic woods aud buyers are ready
ahsorbcrs 81 anything that they cars
use al reasonable rates.
London Advances-Since the open
ing OF the sales In London fine cross
hreds and merinos are higher 50 that
the advance ON the choicest woods Is
about ~ ger rent over tho March
closing rates. Crosshreds, except for
the lower counts, 3es. i0s. which are
OF about "a h%a'penry. are holding hrm.
For zoe Australian merino. the clean
landed cost at Boston Is figured at
20 cents for the best woods and about
81 cents for the best 64s.
According 10 advices IN the trade
here. purchases thus far for America
have been largely on manufacturers
accounts, one mill IN particular pay
ing up To iSd for s6s. Competition at
the sales is general. especially for the
finer grades.
The New Clip-The advance at
London has Internationally stimulated
the western buying To- "a ycrtain eN-
tent. but growers in many Instances
have refused 10 accept current offers
and ere waiting for shcaring time. IL
rs estimated that two-thirds OF the
western clip Is already out of first
hands Comparatively littlc has been
done in Montana during the week. ON
account Of the indifference OF growers
10 buyers offers. What woods have
been taken pa were at around rs
cents FOR comparatively inferior
woods.
In Utah 1914 cents was paid FOR a
medium clip estimated at o. per cent
In western idalfo medium wool has
been taken at i7is 10 Is cents aud In
the soda springs district rs to IS
cents has been paid for medium clips
In oregon 10 20 4, cents is reported
rs the current price Tor fine wool
For wools along tie Union Pacific
in Wyoming the clean landed cost
east rs figured at SO TO IS cents
Shearing il getting under way In Tex.
AZ and a very little wool Is . ported
sold but no market has yet beer
established.
In the bright wool section won.
buying has moved rather slowly
Farmers have been more engaged ~
planting than IN wool shcarlng ant
20 the campaign has hardly begun IL
good earnest as yet In Ohio ant
Michigan the p%rcvailing price fol
medium clips stili appears to b'
around 22 cents to the farmer. small
country lots continue 10 come into IN
81 Louis market, whore 2lA 10 81
cents is being paid for best medium
lots.
Operations IN domestic WOODS hayl
been confined largely 10 the Garlic
shorn woods which are arriving In an,
market from day To day. These wool
are being taken about az fast as the.
get here and one Instance IL cited thu
week whore "a lot oi secured wool wa
sold out OF a shipment before IA.
mill invoice was received.
Scoured-Sales of secured WOO
have been fairly good this week. con
These woods have an sold In IN
market A little early New Mexical
No. ! has been brought in this wee
and sold readily at o. cents. som
u super Of eastern pulling was sol
az f3h cents. Eastern As are bring
ing up 10 a5 cents without difficulty
and AA's up to bs or 60 cents. Will
some extra choice WOODS are held a
80 to az cents.
Sales Of territory WOOL this wee.
have been Of the newly received PAT
GELS and have included Utah. Ne
vada, Arizona, Colorado and idah,
These woods have al lsold In N
range OF So to IS cents.