The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-02-25
OPENING PRICES IN
SOUTHWEST ARE
HIGHER THAN
EXPECTED
Secured Wool Worth From "A
to as Cents in Albuquerque
Market With Plenty of Of
fers.
EARLY ARIZONA CLIP
BRINGS N PRICES
General Shortage of Territory
Woods Reported in Boston
Market and Firm Prices in
Europe.


Europe.
Local wool dealers who are IN clos
I uch with market c1rditi1ns look
with considerable satisfaction or the
present market outlook for the com
ing season, and with the annual ad-
vent Of the small army OF wool hdy.
ors but a month away. growers iiNe'
wise are feeling considerable more oi
assurance as to tho prices likely ~
De- offered for their spring clips than
Was tho case three snonths ago. IN
general prices nov prevailing for ter
ritOry wool and for New Mexico
woods In particular are considerub bly,
better than had been bored for. Wool
Is now selling. where sales are pos
siOle. M much better prices than at
this season a year ago, while those
growers and dealers who have wool
are holding IL. expecting further adj
vance before the Tune and July sea-
sen when the eastern markets may
be expected to be filled. And while a
slump il looked for in the midsum-
mer, the most experienced wool men
III A~tNuihNllAh ot3 hAAutAA H1htAA~
ton that il will not be much of a
slump and look forward to the season
as a whole as likely TO be "A salts
factory one both to dealers and grow
ers.
Secured wool is worth a to 46
cents In the Albuquerque market to-
day, as witness telegraphic oneis
which a been received here dur
ing tho past day or two, and which
thus far have had no takers.
Generally speaking We have had
no better outlook for the wool bus
inoss for several years past said one
Of the veteran wool men Of New Mex
leo here yesterday. There Is a sharp
shortage OF fine woods In Europe. II
is scarce ana there is no immediate
prospect for hlling the demand. The
early spring market Is better than
was expected. Fancy prices are be-
Ing paid for the early Arizona clip and
4 considerable quantity OF New Mex
leo wool Is being contracted al around
~ cents. ! can name several Of the
large clips which have been contract
ed at this figure. There are, also "a
number Of quite large lots of New
Mexico wool which were held over
and are still being held In anticipa-
ton OF n further advance. So far as
/ FAN see the tariff has had very lit
tie effect upon tho wool situation IN
the southwest. There Is every pros
poet that the European market VIII
remain firm, and II Is being demon
strated that In several classes OF sta
pie goods wool cannot be manufac-
tured in Europe and shipped TO
America al a profit. Discovery OF
that fact Is having its effect upon the
wool market.
you will notice that every reliable
Boston eport refers strongly TO the
shortage in territory WOODS. This, OF
course. viii be overcome within a
very short time now and we may look
for the stocks to be full in June or
July, but even then should a slump
occur, / do not believe Il will prove
a serious one. l am Informed that a.
ana as cents are being offered for
secured wool here.
"On the whole, we have not had a
better outlook for the spring season
la the wool industry for several years
past. / do not think the growers
have much cause for worry. IRE
lambing season should prove a gooS
one, and with a good lamp crop THIS
years wool report for New Mexico
should show "a fat balance on the
side Of the grower
IlostOn Hcports Optimistic.
Successive reports from the Boston
wool market continue 20 be unusually
optimistic. Last weeks wool reporter
Is especially encouraging In the tone
Of its market report, OF which n
following are extracts;
The market remains firm ana
steady. with an undercurrent OF y
timism relative 10 prices for the new
elm. There has been notable ae-
tiyity throughout tho entire week,
and dealers who have supplies or
wool on hand have been able 10 de-
liver some considerable quantities,
sales for the past week have con-
sisted largely Of foreign woods due
TO the fact that there are extremely
limited supplies OF domestic woods
now 90 be found In dealers hands.
This state Of affairs IL not peculiar
90 the Boston market, but prevails
in other wool centers, and the pri-
mary markets are practically denud-
ed OF their entire h ldings Half
blood ana fine woods are particular
|iy scarce. IN fact. ~ M should 20
through the market with a fine tooth
comb u ir not at an probable that a
quarter of a million pounds OF such
woods could be found In the entire
district. within n few days a Phil
|adeiphia spinner who has taken or
derr for large quantities OF yarns
which require the use Of half-blood
woods for their manufacture was In
this market. thinking that he might
cover his requirements without ef-
fort AZ a price which would permit
Iof his delivering the yaEps ~ a pro-