The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-01-07
BUSINESS
Of YEAR GIVEN
4 CLOSE REVIEW
Boston Commercial Bulletin
Devotes Much Space to An.
alysis of Conditions in
Trade Through 1915.

Bulletin, the standard trade paper. oi
the east, which reached here Nester-
day contains exhaustive reviews of
the several major Industries OF the
country for the year just ended. That
for the wool trade. In part IL as FOL
lows:
II Germs quite an easy matter to look
back over the year 1915. now that II IN
ended. ana figure out the ineVitablc-
ness of the advances ~ prices hut To
the wool merchants and manuiactur-
ers. bewildered by the immcnsitN OF al
world war with all It's consequent ei-
fccts npon finances rs well a. commo-
ditics. the outlook from month to
month has been a constant riddi"
However. the rad has come safely
through II and. furthermore. haf
found the year generally proiitnhle.
NmOuy the Mills.
Manufacturers, who had. with reu-
son. expected To be ON the ragged edge
of bankruptcy prior To tn. outbreak OF
the war. began tn see prospects ~ not
only recovering their own home mar
kct hut also Of gaining sofnc If the
! world trade that had ither,o gone To
their European competitors. bon"s-
tic business moved rather SLOWLY dur
ing tn. first half Of the year but AZ
prices for raw material Kept mountise
steadier under world pressure, manu-
facturers were obliged 10 advance
prices on their goods and To stick TO
them. 50 that clothlsrs eventually dis
covered that they were not gaining
bat losing by holding on In the matter
~ covering their requirements ana
when midsummer came the mills es-
p.clally dress goods manufacturers.
began 10 get orders on their books in
Increasing volume from tn" domestic
trade. which together with the war or
d.rs Tor blanket, aud cloths that mai
been the backbone of the manufacture
or's trade hrouah the early winter
and spring months. made a very sub.
stantinl occupation of machinery.
THE Wool Embargo.
Some Of the more Ven'ur"aoIne sptr-
is among thc wool merchants antici-
patod the removal of tn. embargo,
which had been imposed by the Brit
ish government after the outbreak of
the war. aud bought more ~ less Wool
of the fine order in south Africa vnd
Australia. At the opening of IT,.
January colonial wool auctions ~ Lon
don thc british government announc-
ed that 1t was ready to permit the
shipment Of merinos To the United
states and other Neutral countries on
the giving of suitable guarantees hr
the purchaser that he WOULD not allow
the wool 10 get back to the enemy of
Great britain ~ raw ~ finished form
4 American buyers Immediately ma W.
their presence felt iu London aud APP
plications Tor the shipment of SUBJ
stantlnl aunrautiucs oi hu. WOO from
II Great Britain Norc ~immcdiatcl! made
Thus some shipments were made from
Great Britain and following the lead
I 81 The mother Couutry Australia per
mittcd shipments of mcrinus. 81 that
American purchasers immediately
CAV" added strength 90 the markets Ia
that Colony ~ we'll as In South pirica,
Enter the Textile Alliance.
However, this method oi shipment,
for some reason. did not please the
British authorities and lice1ses wer,
withheld. until a more satisfactory
method could he devised that would
make the guarantee" against rc-cN
portatlon more effective NJ this
iuncture. the Textile Alliance, Inc, en-
tered the arena and proposed hat II
he made. on behalf 90 the American
manufacturers. h agent of the Brit
lsh government or this side the Allan
tie tn receive the woods shipped and
paas on the eligibility. l. e., the good
faith. 81 intending importers here
This plan, after much discussion and
no little opposition. was finally adopt
ed hy the majority of the m~anufactur'
ers and importing merchants II iIet
of anything better. although th'
charges were considered at the iim'
unnecessarily high. However. the sub
scrih.rs were promised Reimbursement
for any money icit over after thu
charges OF conducting this clenrins
house were deducted
New cup Moves slowly.
The western woolgrowe rs demanded
high prices for their clips this season
and merchants Ia the east wcr" SLOW
To pay h prices demanded. tn
comparative low costs of the foreign
fine woods, especially. which wer,
heginnins.to arrive more ar less frcel,
in the early spring. and of which /
was known large quantities had b"ei
purchased abroad. held back the buy
crs and the clip season dragged nlohi
with little actual buying beilg dom
until the last OF April or first of MAY
However. " held pretty firmly
10 their prices and were generally sue
cessful In getting what they demand
ed OF pretty near II. The buyers, how
ever. as Is only too well known hav'
been Obliged tn carry their high cos
woods for IA good many months an'
,are only now beginning Ia see a It'll
profit on their investments. once
more the WOO trade o long chancel
u buying wool AZ comparatively dcal
III nriGaa and thnnkA In tho Wvt. hlAt