The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-04-07
EYES OF THE WOOL
MARKET GLUED
TO FUTURE
Lively Speculation in the Be-
ton Market as to What Next
Few Weeks will Bring
Forth in the West
MARKET SITUATION
ADMITTEDLY STRONG

The Boston Commcrcinl Bulletin
snys OF the wool market. Lack OF
supplies in certai. wool and unwill-
ingncss on the part ur the mahufac-
turer to pay the prices asked for ccr-
tain othcrs has had the very natural
tendency Of restricting business TO
less than the normal volume How
ever prices have shown no signs OF
easing. nor yet have there been any
real advances over last weeks rates.
1 Desirable lots Of fine wool wheth-
or Of foreign or dorlestic origin are
not In n considerable supply In the
market al the moment Domestic
fine woods In particular are hardly
TO be had st all. and selections Of
lately arrived Australian flint fleeccs
that are now available for sale are
surprisingly limited.
Looking Forward.
The eyes OF the trade are glued
straight ahead at the moment. ana
the great question h, What will the
future shown" Materially enough
those houses which have made large
contracts in the west refuse to see
anything but a r~osy-hued future
ahead. while houses with little wool
IN hand are bound to view the fu-
turc with more or less d%isfavor. II
would seem, however, as II the prices
being paid In the country for the new
clip nj the moment are fuIG as high
as the situation warrants and there
are those who think hat the prices
being paid In the territory section to-
DAY are high enough Ca warrant q
sharp competition OF yarns from
abroad with the advent Of the new
cloth season.
Al the present there rs
no gainsaying the strength OF the
market, although admittedly the
present situation is somewhat ficti-
tious. owing a. the scarcity Of sup
plies. Manufacturers are not well
supplied as a general rule. with raw
materials, aud should substantial du-
plicate orders come forward on the
high basis at which goods have been
placed since h openings Il would
undoubtedly keep prices firm and
possibly a hit higher. but everyone
Il agreed that there is no possibility
of "A runaway market for WOOL and
that operations from now on can not
be too cautiously conducted.
Contracting.
Contracting The new clip in the
west has progressed rather intermit-
/, tcntly. M some further clips have
been purchased on the Sleeps back
IN Montana and Wyoming. In the
latter state opern4ions appear to hav
been fairly general around Rock
Springs. Rawlins and Casper, for
which wools o. So cents lean land
ed y the basis figures
" Montana 10 cents has been
paid for two or three OF the best
clips of medium and holf-blood wool
which In estimated as equivalent L.
about SO a. SO cents landed in Boston
Many of the average clips nave beer
/. purchased at rs cents. Many Mon
tana dealers are asking 20 cents still
and hope 10 get L..
II Idaho and the Triangle around
Is cents Is being paid for the aver
pRe run of clips and occasionally IA
I. Ia i-2 cent more Is reported. Little
wool is lett unsoid In Utah and Ne.
, yada. Already "a little wool MS.
been shorn In the latter state and
some ct u Is On route To Boston. ON,
or two mills are purchasing the early
. shorn valley woods In oregon ans
, Washington at clean ,lndcd cost
; OF about SO cents for the bulk OF tn,
=. wool although some OF il Is estimat-
cd at IS cents.
/, In the fleece and bright wool sec.
tions little has yet been done Eek
. cept for the purchase of fat sheep.
woods al around IS and 20 cents
being done in the early shorn barr
sheep In New York and Michigan
Some small % OF business II
the former bringing for small lot
i7Gl rs cents, while 10 a 20 is under
x stood 10 a ben paid In The latteI
state.
- The purchase OF contracts by th'
: mills and topmakers in the looa
y market duriug the wtk appear 4
/. have been very limited. II. indeed
4 any usine has been done.
s. At the Millr.
3 New business with the manufac
d turors and spinners appears to b
o coming along Put slowly. Manufac
l. turers are generally well employe,
y On Old initial orders. hut at the re-
n cen advances In prices, duplicat
l. business seems TO come forward yer,
slowly. However. the position O
l. raw material Is undoubtedly una
j. sailahlo. and manufacturers win M
j. doubt be Obliged To maintain price
r. and viii doubtless get them, also.