The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-08-06
OF WOOL
QUOTATIONS. IS
UPWARD
Dealers and Growers Both Ex-
pect to Receive Higher
Prices for Fibre Than Are
Now 0bainable.

ANNMNNNH NNH"WWN "'W
To o~bscrvatlons BY local wool experts.
the tendency Of the price on this
commodity now H. upward. One Of
The writers on the market this week
sayss
Increasing supplies OF domestic
wool. IN view Of the high price level
az which they have been bought from
the sheep carers. bring an increase
OF Interest IN tho outlook 10 both the
WOOL merchant and the min owner In
tine eastern market.
The wcnl dealer must realize hts
expectation % securing higher prices
than thcso now prevailing here. or
forfeh his reasonable profit. The
tendency OF quotations 10 advance.
which has been sufficiently pronounc-
ed 90 lmpcl wool merchants to absorb
offerings In primary merkcts pretty
freely during the past two or three
moths. has impaired ala . confident
tone 10 subsequent transactions with
manufacturers. holders Of now clips
feeling certain that values # the sea-
oo7rd viii make a proportionate adj
v8ncc IN due course.
Although the outcome Of the re-
cent series Of VOC auctions IN Lon
don WAS not wholly In accord with
forecasts OF some OF the usually we'll
Informed observers Of trade tenden-
CITES, tho consequent showdown here
appenrs to be OF a temporary char
acter. and quotations have not rocod-
ed on desirable holdings.
II docs not seem probable that
there viii be ahadlng OF prices IN
this connection. owners % wool ara
able to walt, as a rule, and are dis
posed to hold out for asking figures
rather than make hasty concessions
In order to move the stock on hand.
Meanwhile tho goods market an-
ssumes greater prosninencc. bocom-
ing a more Important factor In the
situation with the opening OF mems
lines for the new spring season OF
next year. Into the question Of prices
on these fabrics several elements en-
ter, and one that claims especial at
~tention Is tho quality % Inc dyes useu.
Larger use OF the importeJ WOOL Is a
feature also In this years calcul1-
tons. The goods shown Illus far this
month arc on a higher price level.
naturally, than that prevailing a
year ago. Wool costs more. d~yestuks
cost more and labor demands more.
There has been n fair amount OF
rcordering OF heavyweight faorics re-
Gently. SO tina the aggregate business
on both heavy and lisht apparel ines
promises To oe OF pretty good volume
:. Buyors the fact that val
ues are advanced necessarily and
thcre IN little tendency to hold OF foi
. a possible lower price level.
While Il = evident that climatic
conditions In the past three or -four
. months have not favored n free and
active movement of lightweight cloth.
ing at retail. Il Is not expected that
much will be onrrsed ovor Clear
!, ances viii be effected, In all proba-
bility. and a normal amour, for the
1915 season is likely 20 be ordered.
Dress goods. likewise. nave favor
able according TO reports
regarding Inquiries Tor the lightweight
season and recorders on fan business.
in this department of textiles also
the dyestuns outlook Is a great factor
that helps to sustain prices. on new
ines ~ 1916 Iishtweight fabrics from
domestic mills the prices range about
3 To- 10 per cent aooye those asked
Tor similar offerings a year ago.
Buyers Of carpets and rugs show
mose concern h purchasers 81
clothing do regardirg the dsestnns
situation and the exDectntion ina
higher prices will ave 10 be paid toi
these products OF the looms. rarpe'
: woods are scarce and higher. too
dealers In the far east, from ~hiei
q large percentage OF stock c"mes
being disposed 10 favor Japanese man
ufacturers, who arc kecner buyer
this year than usual.
Underwear promises ~ absorb IN
usual proportion OF wool this yea
and some concerns that are not 2
well provided with orders a. the
\ could wish for In other lines are piac
Ing on blankets n otheF Woplel
products their chief dependence
The percentage OF active machln
cry. therefore. In the Industry u arg
:, enough 20 insure "a continued itir nc
y mnnd tor wool Tor domestic puien'
r .rs, needs. and there Is in addition
~ the probability that fur'hef y
VI buslncss will be obtainahlc 10 supple
~ mont he regular trade. Wool MGR
" chants consequently believe they ar
IA 40 have "a prosperous second half o
n the wear. Current demand for WOO
d = not characterized by eagerness, 10
a large quantities have been takci
n within recent months. but there IA
I. steady acquisition of desirable clip
!. and mainly at asking prices
Quotations are practically station
! airy on all grades Of stock, impotte
= ana domestic. although there arc ei
,, forts to advance prices on the lai
IL ter. These efforts have been undo
u way for some time, because OF IA
e. uncompromislng attitude OF groweI
X and the cos, Of new clips at prlmar
I. points but enough e-arly-bought wo,