The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-07-06
SIXTY PERCENT OF
THE WOOL CLIP
CHANGES HANDS
Estimate Of Boston Authority
Which Says Prices Are Firm
and Climbing Right Along.

The Boston Commerciai Bulletin.
reviewing last weeks conditions In the
wool markets says IN part!
The verdict AT London has been
rendered In accordance with general
predictions and II there were those
who prior TO the sale. were In any
wise skcpticsl as 20 the maintenance
of prices. the general support accord
ed to wool values in London should
he ample demonstration To them OF
the worlds belief In the strong posi-
ton of wool. The sale in sydney.
Australia this week followed the lead
of London. In Boston, too. prices
are hrmcr INC in some instances
higher.
4 larger volume ~ business Is re-
ported amOng the wooi houses his
week, total sales probably being not
less than ave million pounds. al
though not al the wool sold went to
the mills. some trading between deal
crs being reported An increasing
proportion OF domestic wool Is chang
ing hands but the greater part Of the
business was again in foreign wool.
There are those iu the trade who
sim question the fundamental sound
ness ut the advancing tendency In
nuc woods. although quite ready to
admit the logic ln the rise iu medium
woods. They call attention To- the fact
that Warehouses in ENGLAND are jam
med with wool. especially fine wool;
that unusually large supplies are still
icft Iu Australia and that European
machinery i- not calling for n
woods a. be- usually the case. notably
lu northern France. Belgium n
Germany. H. well is Austria. Rus
Eta. too. is having great difficulty IN
making imports. IN this country. the
mills have, also had a dcarth OF bus
mess Set, Notwithstanding these
negative factors the market has
shown gro1t strcngth and supplies of
az rising rates.
q must he borne iu mind. however,
that the trcmctuus demand for me-
dunn woods for military purposes has.
Indirectly benefited nnc woods by
throwing civilian consumption more.
particularly 10 tine goods. More than
that. supplies the world over are mar
rowing. rather than increasing. Sew
,ral weeks ago, a prominent import
~ predicted a shortage Of 900. 900
bales In the next Australian clip and
advice. received this week bv another
huus, c,1urm his estimate. what
the rilag,s ui VAR may have been
among the sheep Of continental
Europe be- % matter OF mere spcculu-
tlnu hut unduuhtcdly there has been
o. considerable decrease Iu the iiocks
within the war ION" and ia our own
country the year Will see another
reduction lu tho sheen Hocks perhaps
rui as EroIt u- come have thuught.
but stilt % reduction. This factor of
l,#scuiug supple. BE- doubtless play
ing e r%iuIriu,r' part 900 the reasoning
e. the wool merchants of the world
E'e.Hcs. tho belief that Europe is 90
witness 20 war more prolonged than
had been supposed possible is daily
becoming more pronounced and this
belief is conductive to faith in the.
continuance ut high wool prices.
London Opens Higher.
Despite the poor attendance of
American buyers AZ the London sale,
prices advanced % Co az per cont on
IN, opening diy uNcr the close Of the.
preceding series aud at that selections
we're not ut The best. Since The open
tuE prices have shown "a hardening
tendency until nov the best woods are
about ten per ront above the last SER
les closing prices.
The clean landed cost Of best warp
St. woods from the London sale are
figured somewhere about T2M7i
.out- clean basis with current high
ltudiul ch1rgcs taken into consider
alton.
There have been rumors on the
street this week tguiu that licenses to