The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-06-16
MARKET IS
NERVOUS OVER
WOOL PRICE
New Mexico Clip Reported
Moving Freely at from
IL liz to 10 Cents; Dealers
Studying Comparative
Prices.

The Boston Commercial Bulletin.
discussing conditions iu the wool
market and the country during tho
week, says boz part
Notwithstauding ap-prchcnsions and
predictions wool has continued 10
move With some freedom during the
week and prices la the Boston mar
kct have been FUZZY maintained. The
greater part OF the transactions has
been Of territory wool agdih. but
there has also been 81 moderately
good trade In foreign woli in addi-
ton To- the spot transactions there
have been fairly good salos Of woods
Co. arrive aud rumors are current that
100 the n-cighhorhood OF a thousand
bales OF Punta Arenas presumed "a
Doe largely OF the half-blood, or near
half-bloud grade, have been pur-
chasod abroad through several local
houses.
Adviccs from Bradford and CONT
mental points, particularly tho for
mcr center, indicate "a continuance
on the part of American operators 10
seCurc wool Of hfties grade and above
aud it is pcrtincntly suggested that
the imports ~ foreign woods bcing
made TO his market and other sea-
board markets by the American
trade Is bound 60 make up in consid-
cradle measure the shurngc which Is
reported In the domestic clip.
France, which seems to be the only
country with any surplus wool, is said
To be exporting fine wool and tops
To certain mills in the United States.
In this connection II Is stated on
The authority Of a very weli-posted
operator In the local market that one
mill AT least rs attempting to market
some goods this coming lightweight
season which will bc made wholly cot
foreign wool and an mills Will un-
doubleday, on the present parity of
prices, make heir blends with the
minimum OF domestic wool.
Comparative Prices.
This fact leads as naturally To "a
consideration OF ne comparative
prices ruling on domestic and foreign
wool of "a grade. This subject has re-
ccived no little comment of late. but
Il cannot DE no enrceitiN ct ca
by tha trade. To be sure the do
mestic wool clip is now out OF grov-
ere hands, taking the country as a
whole. but importatiuns Of foreign
woods are being made At a secured.
landed cost Of . o. 10 cents "a pound
less than the corresponding grades Of
domestic wool viii have To bring ON
the present basis OF prices being paid
iu the country. The prices for doc
mcstic wool might seem justified ln
the light of recent and current pur-
chascs oh the part Of the mills were
il not for the fact 81 the abnormal
temporary Hhortalc The prices paid
In tho country OF late may be iusti-
In the light OF subsequent events
anyway, but the fact Is not uttered
that not a few bon the trade consider
present prices for domestic wool In
the country dangerously high. and
are therefore refusing to buy wool
New Clip News.
Another week viii see the terri
tory west Of the Mississippi. river
pretty well cleaned up. except FOR
the woods In the far southwest Com
parutlNClN little wool is left ln tho
midle ana northwest now. Montana,
Idaho Wyoming and oregon being
practically cleaned mp. In the Tri-
angle section this week as high ms
-lh cents has been paid for medium
wool ANA 20 cents is the going price
IN Montana for the better woods now
left.
In Ontario. Oregon. this week.
merely ordinary wool brought Is clean
landed basis Of ,t tp 90 cents. while
az Mountain Home. Idaho. mediocre
wool also brought "a clean landed
basis uf IS 10 90 cents. The offer
ings al these W sales. totailcd about
$4,000 pounds. 81 shanniko. late
last week, about 90 million pounds Of
wool were sold at which staple woods
borught q price Equivalent 10 81 60
80 cents. clean landed Boston. while
the short woods Drought 90 TO GO
cent? on the same hBsis.
In New Mexico the clip IN moving
very freely and prices have been
varying for the better woods between
l'a cents and No cents. the latter
having been paid this week for q
choice clip. The latter price Is fig
ulcd Ia cost over 60 cents clean land
ed Boston.
iU Texas the bulk OF the eight
months woods at san Angelo have
been sold al around ~ cents. but the
many twelve months clips are stiiI
being held. The kcrrvilIe woods viii
DE put mp al auction on saturday ana
are 'Npeeted 10 move on the current
market basis
To nAUr nrC-vv--