The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-06-22
TROUBLOUS TIMES
FOR WOOL TRADE
IS REPORT
Fear to Buy at High Prices
and Fear of Being Caught
Short Causes Traders to
Spend Uneasy Nights.

The Boston Commercial bulletin,
reviewing last weeks wool trade, says
In part.
The wool trade II passing through
strange and troublOus times. Between
the ear Of buying WOOL with the mar
ket on such "A high level as that 10Y
prevailing and the anxiety to obtain
"a reasonable quot OF wool, since
business must continue to Oe done on
some basis, the trade is ready to con-
cede that war, and It's effects. as well,
IL quite all that General sherman
commended. Few In the trade remem-
Der conditions anywhere near paral-
lei 20 those now obtaining and the
natural tendency Ia 10 go cautiously
when such tremendous issues are in
VOWED but 1t almost seems as " eau
ton had been thrown To the four
winds OF heaven In the foreign mar
kets. especially during the past three
or four weeks, for every cable seems
t. bring news of further advances
until wonders when the end VIII
be.
So far as the local market IL con
cerned. values rave not appreciated
to any extent during the week. al
though there Ia a tendency for prices
to harden as a result of the higher
prices abroad. Trade has been cen
tered largely on the fine foreign
woods OF which there II considerable
supply. and which manufacturers are
stun a0le to secure In the range OF
last weeks prices probably because
importers are willing 10 accept profits
instead OF rXacting the last farthing.
But the dealers declare that every
sale ~ "a mistake" today and that IL
would be Impossible to replace the
woods they are selling at equal money.
Sales for the week probably total
over three million pounds. including
moderate quantities Of South Ameri-
can crosshreds ana domestic woods.
with a preponderance Of Australian
and Cane fine woods An interesting
study Of the wool supply In Boston,
a. of June 10 has been printed by the
National Association OF Wool Mani
lecturers, showing a presumptiye sup
ply on June 10th OF this year OF 1885,
OOO. 600 pounds owned by either
dealers or manufacturers. This hgure
Is based on the quantity Of wool oW
ed on January I ny the dealers. some
~ million pounds. TO which II added
the receipts % 213 million pounds
since January l. and from Ills total
is subtracted shipments Of IL million
pounds. The resulting figure II not.
%, course, exact but 1t affords a COM
pnrison for the previous year. when
hy similar computation. there were
only 81 million pounds OF wool in the
Boston market. In other words,
there are approximately 90 million
pounds more OF wool on hand In
oston warehouses today than there
were q year no.
The Western situation.
IN the west growers and dealers
are still more or less az loRgerheads
over prices, The grower IL demanding
prices In many Instances that are ia
from justified by any present market
conditions n Il il also true that
practically every purchase made is
not justified by the present market;
In other words. the buyers are taking
a change that the future will work In
their favor. Offerings are reported OF
heavy shrinking fine and fine medium
clips. for which the secured landed
equivalent Of The grease prices Is any