The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-06-30
WOOL COSTS LESS
THAN A DOLLAR
PER POUND
Boston Buyer Has Grim Joke
as Price Continues to Rise
in Spite Of Big Bear Cam
paign.

The Boston Commercial Bulletin.
discussing last weeks wool market
conditions, says in part:
Pointing TO some samples Of the
new clip woods on his sample table
the other day. a Boston wool mer-
chant. who, Notwithstanding the ncT-
vous times through which the trade
IL passing. has stlll preserved his
sense OF humor. remarked: THAT
wool IL costing something under a
dollar a pound Probably the wool
In question cost. clean landed basis,
IN the neighborhood ~ two-thirds Of
"A dollar a pound but the remark was
typical OF the attitude of the trade
as "a whole towards the extreme prices
now ruling.
There are those who are bold
enough TO predict that wool viii real
~ reach a dollar a pound. on the
clean basis, before the war Ia ended,
but that Is "A very bold prediction, In
view Of the many contingencies which
must be taken into consideration. In
the face OF such a gigantic struggle.
However, the past week has added a
little fuel TO the flames and prices
are a bit higher. although the ad-
vance seems quite Irrelevant TO the
situation In goods and the constant
query one hears IL: why should
wool advance az Il II doing while
%clothiers continue to avoid the goods
market"
There seems Co be only one answer
to the foregoing question and that n
. huN NauNaW. aud awnuN..HuNNaWa Vun
have a speculative confidence In the
future, for mills as well as dealers
are evidently buying In anticipation
OF their requirements. although u
must be said that theer are indica-
lions Of some improvement In the
goods market at the moment. which
II very welcome TO the manufactur-
ers.
The trading of the week has been
pretty much a repetition NJ other re-
cent weeks, foreign fine woods hold
ing the enter OF the stage to the
practical exclusion OF other classes.
Indeed n dealer expressed the opin-
ion that the mills would consider do
nestle fine woods only by considera-
tion OF a decided cut from asking
prices. This Is Of course not the pre-.
else fact. although II II evident that
fine foreign woods are really finding
y steady sale at current rates. Total
sales were figured at something over
three million pounds.
Western Buying.
Buying In the west has continued
more or less steadily, although with
drawHls have also been more or less
the rule among the growers How
ever. there seems TO be rather more
agreement between dealers and grow
ers IN values. IN the far west inter
est has doubtless been kcenest In
oregon and Idaho, where sealed bid
sales weer held last Saturday at Com
don aud Monday at shanuiko, ore
gon. while In Idaho there were sales
at Midyaie, ontario and Caldwell. At
the Condor sale about 100000 pounds
were offered ana rates were fully
maintained on a basis %; those made
at Heppner. namely. IS aud 20 cents
In the grease. or 1886 clean landed
basis Tor the best woods, while at
Shnnniko the best woods were figured
at s. and sc cents clean landed basis.
about q million pounds being pu! up.
The woods were not especially choice
and we're largely 81 the French comb
ing order. In IDAHO the fine woods
, have been purchased on much the
same level II to 20 cents being paid
in the grease or about IS and 81
cents for the hest fine woods n %
and 2S cents for h medium clips,
the latter price being paid in the Tri'
angle again this week for two clips.
In Texas. about 100000 pounds ni
wool were sold al Ballinger last sat
urday to Boston dealers AZ 30 to %
cents for twelve months woods The
sale which was scheduled at san An
gelo did not materializc and viii he
held al a later date, when about twa
Ia three million pounds will he Of
fered, including about one aud a hall
million pounds OF twelve and the bal
ance IN eight months wool Tht
Kerrville sale Il scheduled to be held
June 80 (next Wednesday, when "a
million pounds will be offered, in
Guiding one million twelve and ~,
million pounds OF eight months wool
The fleece wool sections have be.
come more active during the pas
week and the prices being paid foi
medium woods are higher. % and 8,
cents having been paid for medium
clips and little or no business bcini
done under ~ to 30 cents IN th'
bright wool states for medium woods
In Michigan 80 and % cents rs beinl
paid and In Indiana and Kentuckl
the best clips are bringing even more
while In Missouri quarter and three
eighths comhing and clothing toF"th
er are reported az 3ia and 80 cvits
Fine woods are also held very strong
~. farmers wanting 40 cents for fin
In ohio n Pennsylvania. with WOO
Of this kind selling less freely thai
Of medium.