The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-09-17

are buying rather sparingly OF wool
ON the whole.
The question of dyestuns is a mo-
mcntous POLLEN to the mills and
manufacturers are giving their at
tention very carefully to the solving
Of this problem, which has caused
certain mills To take contracts only
upon condition that they could OBJ
tain The dyes In order to make de-
l~iveries.
The question Of credits lH. perhaps.
OF greatest to the mills Just
now. The tendency is TO pick Gus
toner and this attitude does not
ten 10 expand business.
Money rates show no change from
a week ago. six per cent being the
minimum for best accounts. with
banks c%autioning slow procedure In
the matter Of new contracts.
Rates Of exchange on London are
FRA at about s. on the pound sier-
ling. having recovered from the low
point of fi.96M "A few days ago.
War Insurance rates have cased on
n bit also. Some houses have brought
~ ANAN1n NANNAN1 hANNNNAN
plhcing insurance AT all
Purchasing Colonial Mools.
The problem OF how the colonial
wool clips would be handled seems "A
little nearer solution. some bankers
have given assurances that they will
be able to supply the sinows OF
war" for handling the Australasia n
WOODS. and the fact that tho National
city Bank OF New York has already,
with the sanction OF the national re-
serve board, sent representatives To-.
Buenos Aires to establish "a branch,
speaks volumes for the handling OF
the Argentine clip.
The difficulties OF exchange seem
TO have prompted some English
houses TO accumulate funds In this
country. from the proceeds OF recent
sales, with which more to operate
In south American markets when
they open on The other hand. II
Ia quite probable hat English houses
will be unable to get anywhere neal
the usual financial accommodation
from their bankers for the purchase
OF the colonial woods.
OF course there are many contin-
gencies Ia he considered. even II tie
question OF financing the new clip 81
satisfactorily adjusted. hut 1t " not
too much to say that the outlook Is
clearing.
Domestic Wool.
In the transactions OF the week
territory wool has been the bulk 81
the domestic wool sold. including
possibly two million pounds r ere
has been In addition a limited bust
ness In fleece and other woods.
sales OF territory woods this week
have usually been Of the 90 and 100
thousand pound order and "a in
cludcd "A considerable proportion of
original woola. including several hun
drcd thousand pounds Montana at
2lis 10 90 Cc1ts. estimated To cost
clean about IS 60 60 cents. 4 lot
of 100, 900 pound of original Idaho
is also reported at about 20 10 81
cents, or s. To 60 cents clean. some
original Dakota Of the half-blood or
der rs said TO have brought 20 cents
or 81 To 81 cents clean basis. other
lots have included small quantities OF
Utah, Colorado and New Mexican az
SO to IS cents. depending upon condi-
ton and grade. One small lot of nne
staple Wyoming Is reported on the
bai OF 60 10 53 cents, or 10 cents
In the grease.
Demand from the wooden mills has
rel very irregular and not extern
sive. Best fine woods like X New
Mexican are bringing at the outside
SO cents and good fine medium woods
are quotahle up Co 81 cents. sales
have Included "a little of everything
In scourcds AT varying rates up q
| the above.