The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-06-01
MORE CONFIDENCE
IN WOOL MARKET
BEING SHOWN
Prices Continue to Climb Up
ward, 28 Cents Being Paid
for Medium Montana
Grades Last Week.

Tho Boston Commercial Bulletin.
reviewing last weeks wool market
and wool conditions In the country.
says In part:
Confidence seems 20 have begotten
more confidence In wool and the
market IL undoubtedly In n stronger
position than u was a week ago.
whether or not the clotihers have
given the manufacturers reason to be
more optimistic by placing orders for
cloth more freely h not clear, but
there IL no doubt Of the fact that
wool the world over h In a very firm
position and machinery outside of the
United States. which ia suitable Tor
the manufacture Of goods, IL Occur
pied to Us fullest capacity.
Manufacturers have given renewed
ana increased evidence of their in
terest IN raw material this week aud
sales have been somewhat larger
than for several previous weeks. ac-
tcrding To all accounts. Prices are
Rtnerally firm as compared with a
week ago and some grades are doubt
less a bit stronger. Certainly the
tendency ~ towards a higher level.
Foreign wool has again constituted
the greater part of the business done
but domestic wool II beginning 10
reach the trade more and more and
sales are likely 10 increase with the
further arrival Of new woods.
Western Buying steady.
Growers are unwilling In many
cases to accept the prices now being
offered FOR their woods but dealers
ere purchasing wool more or less
steadily wherever IL can be picked
up at IA reasonable basis. The lamb
ing period ~ holding up sheariug
somewhat IN certain sections and this
fact together with cold rains In othcr
places has had a deterrent effect ON
the trade but prices are very firm
and In some Instances are even high
cr han at our las, report.
In Montana as high az 2S cents has
been paid fer Ms best medium clips
ana considerable wool has been taken
on contract az % To 20 rents. In the
Soda Springs district Is cents has
also been paid for at least one clip
and considerable wool has been taken
az % ccnts or better for medium
wool.
In oregon dealers are hardly up iu
the point where they want To- pay the
prices that growers want. At the
sealed bid sales there during tn
week almost every offer was rejected
as too low. one mill buyer did got
o lot OF wool on q clean landed bafis
injured at FULLY 90 cents for % mixed
clip.
In Wyoming, along the Burlington
railroad, some contracting Is reported
AT % To- 20 cents for mixed clips run
ming largely To fine and fine medium
, ut containing some wool ms low Is
thrce-eighths grade.
Utah has not been especially active
ana nothing important Is heard from
Nevada. In Texas % little eight
months wool has changed hands. a,-
,Urding 10 reports. in the range oi
II Ia 10 cents The big pools. how
ever. have not yet been sold.
The trade Tor territory woods is
necessarily CircumsCrihcd hy the scar
city Of these wuuls in the market.
However, the new woods are begin
ming To come In more freely ana
sample lots viii 500 be very gcucr-
ally exhibited. \ further lot of Utah
half blood wool 81 about ga, 600
pounds b. reported sold at 2N cents
in the grease or about Gj cents clean
lasis.
some offerings of New Mexican
woods are made Ia the market on a
basis of 90 cents for No. 3s: GO cents
for No. ? and SO To- 20 cents for No.
L. according 10 condition. Arizonuus
are selling moderately on a clean
basis of about GS cents.