The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-09-09
EMBARGO IFS NOW
HOLDING BACK
WOOL MARKET
Uncertainties of the Foreign
Situation Cause Business in
the Boston Market to Sag.

The Boston Commercial bulletin.
outlining the %situntion in the general
wool market, says:
The uncertainty with reference 10
the relaxation of the crossbrod wool
embargo and the ultimate possibility
of securing licenses to ship the wool.
once u IN bought. seems to have taken
The greater part OF busy" out OF busl-
ness this week Ia the wool trado. TO-
TAI snica Tor the week Will probably
be hardly more than two or two and
onc-hnlt mtlion pounds. including IA
lttle OF almost every grade but no
large Quantities Of any one kin of
wool.
Prices have held generally steady
Notwithstanding the lcssehVd trading
OF the past fortnight and there is no
disposition 90 shade prices on. any
wool OF good characteristics Possi.
bly, some short defective fine woods
could be had for cslightly less money
than was demanded two weeks ago,
but the undertono OF uc marKot "a
| decidedly firm aud whether or not
the embargo rs eascd on c%rossbreGs
values are likely 10 be maintained.
The Embargo "If.
There be- nothing certainly known
as tn whether CrossbrcCB Will ice per
mittcd To- come TO this country or not.
and n allowed, IN what quantity they
Wall bee permitted tu come, The most
that can be- ssud is that the embargo
may be- relaxed II 10 iH modified to
the extent of allowing crossbrcdH 10
come tu tths ANA other neutral mar
kcts, then DC is e practical certainty
that thc quantity Co be- so exported
viii b, limited. although no statement
"a hu made as Go the actual number
OF bales which viii bc permitted t.
como to- this side.
u has been estimated that $4,000
bales could Doe spared out there b. M
snrcty that this quantity would Dee an
"iusupcrthle maximum. Indeed
there has been M official statement
madc with reference 20 The entire
matter.
II the embargo ON c~rurrrreds b. re-
Taxed well informed persons believe
that no licenses viii bee granted m
any form except on specific lots of
wool actually owned by the Intending
shipper. Moreover, b. is thought los
sopue Interested persons on this siuc
mat uno British board ut trade viii
use Their AVN discretion iu the pro-
~r"tu'nate qnHuNty to bc allowed to
N|N 'NNf INV NNANNANE NNNNnUII. All NIIHfH
provisions "a must - encountered.
are conditional upon crossorcds hsing
shipped az ~ and bidders must bo
prepared To- take the RISK Of getting
or not getting permits 10 ship.
oar guess, which is as poor as ans
body cisc's ls that % limited quantity
OF crosshrcdos VIII bee permitted tp
como to- this country, not only because
NHHHH.MH H.. ...HN-...H .H go ~.
class tor her present needs aud some
surplus woods. hu' also because Enc
llsh dealers thcrr desire very much 100
obtain 70 wider market for their hold
iugs While IN, purchases whirh
Would be- made Loo wuor ON the other
side by this country gould mako very
little impression Boo the matter Of
cuunll1iug exchange rates. ~ the same
time ~ would help somewhat
sun guess seems to coin,idc more
or less with that OF some of the
would-uo importers OF ,rosshr,d
WOODS. iuasmuch as purchases have
already been made iu Bradford aud
London. according 60 late ddyicos, "a
anticipation of the cmhargo's bcinE
relaxed. AZ % result ~ tins buyius
prgcs have hardened there % it be-
Il predicted with considerable assurance
that in ease American competition on
srosshreds hccuWcs 20 f'ct tt the sales
whlch open Tuesday, values Will rule
T very hish for the urst fortnight at
least
The Domestic scason over.
Thu domestic WOOL cup has passed
for tho most part, out of he hands or
/, the growers. Practically al' the buy
crs are hHtk !rom th" west and thr
b few scattering lots NOW lclt 100 the
country arc not unliKoiy To- remain
there for some time. Tho woods len
are scattered through the various
states pretty much boz the proportions
that they nave been Tor several weeks
past Nut much haas been done dur
Z ing the past week either in the terri
tories ur 300 the fleece wool sections.
whore farmers are stiil holding for
th, prices which they have been ask
ing Tor some weeks past.
sales of domestic wool hay, m
UIudcd 70 little of everything 1ut not
much of any particular elias OF wool
Wooden mills haze, shawn relatively q
/. kccnrr interest 100 secured woods than
, tho Worstcd manufacturers have dis
played iu woods suited o. their pur-
D poses
, sales of territory wool have inulud-
ed SOME nno and tiuo medium woolg
: Boa a. limited way It 10 clean cost of
s 90 tu 81 cents for woods not tho
I choicest and about 90 cents for I'M"
, best woods. There has boon a further
husiucss uf small compass iu half
blood Montana clips and similar woods
Ht about 90 cents clean husiH. puo
p lot OF Utah fine staple wool Be- report
ED sold 40 % cents, ur about 6N 10
10 cents, cloau basis, s. small line ~
about 30 600 pounds nf original Nc-
p Nldu is reported at private terms.
Another sale of nearly 100000 pounda
T, ui original territory is reported but
the terms are withheld This seems
60 have been the only sale ot any
considerable size this week Tho price
/ is understood 10 have uocn within tho
, range of current market prices.
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