OCR Text |
Show I .WOOL IARKET 1 . IN BOSTON Ki ' BB'. Tlio 'ntest' report from the Boston BB1- wool market Is as follows H.;- Transfers) of' wool In tlio local mar- E, t ifi iit week lire estimated nt Bj I.SkO.O&O potuidd Embargo agitation EB has iloiie mo"o to unsettle trade tlmn BBS, nil ether fnctlirs combined. Humors BBi as to embargo being "off" or "on" KB' havo succeeded each other so rapid Hj lj ua to make It dllllcn't for bujors Hj to know what to do. Values are H. steadily held' nnd n stronger tone Is BY. noted in aeoiit'ed and pulled domestic M' wools London closed about as pre B vlous'y "noted, with practically noth- M liiB bought for the United Stntos. lie- Bk ports from Australia aro conflicting. Hf. Imt A me leans' appear to bo taking a. H.'.VA little wc-ol on the chance of the cm H bargo being lifted at an early dato. H Prices of Amcilcan styled wools are Bj, IiIrIi In nl primary markets. v In answer to u telegram from Sec- B). rotary Benedict of the Hoston Wool IK Trade Association, Secretary Bryan BB telegraphed that the department had BB been advised that the United States BB consular agent nt Bradford had been BB-"" v Informed that HccnBoa for the ship- BV ment of wool would be granted un- Bff"; dor reasonable assurances and rcatrlc- BBf tlons. This Information wns common BSv property two weeks ago. Kvery ony BM'"' brings1 its 'new rumor hat favo-nlilo Bv action bus, hcoiv stcurea front the, BB& British government mid that 3hlp- BB jnent will bo permitted at onto. Uosi B ton wool housojr wore telephoned cs( BSJ torday by eust Hirers, who stated that; M1 the had been, informed tlio embargo BB' -was '"olT," and inquiring why tho BB: trade did not get btmy. BB' Permits to ship wool pui chased In BB' London early lu October, however H nrc still withhold. It "111 take some- BB' thing more than a statement from BB. Secretary Bran to make the owners BB belloo that the embargo has been BY. lifted Statements are constantly BB coming from English brokers to tho BR' effect that the timo has como for BB' Americans to buy merinos, as the guv Bk' emment would now permit ship- BB ments. This policy Is regnrded mero- BBt' ly as an effort to get business trom BB this hide It Is claimed that tho BB) facts arc at Miriunce with the cabled BL offe a. Somo business was placed 17 Borne ,ucekipago lu this way, le.'. Bl 1 er!cs uolng guaranteed In February. Hf'- ( Considerable Interest Is manifested BBBUj in tho trade to seo how the promise K will bo BBk Situation Is DellcaU BBv t It must bo said t'iat the fI'.ii U. . i BBt ls so de'leate that uny day may murk BP the turning point. England might BBK declare wool contraband of war and BBT then raise tho embargo. This scorns BBj; to bo the feasible way out of the BBt present hobblo and a legitimate wa) BBT to allow the United States to get BBjE' wool, without giving comfort to Cor- BBf; many. Tho general opinion of tho Bj'., trade, however, is that wool will bo BBJf declared contraband and the embar- BBJ go left on. It is cited that not all BBT( tho English mills have government BBk contracts. To keep such mills busy Br; and thus provide work for operatives BBt? and profits for manufacturers would BBS bo good buslnoss. At tho samo time BBS to roduce American competition bj BBS! restricting available supplies of wool BBS would bo in lino with English tradl BS tlon. No confidence Is felt In the BBS purpose of tho llrltlsli government tc BBC give American wool Importers the BB slightest help in tho matter. RBBk In connection with the above, it Is BBS interesting to uoto that tho American BBf steamer Carolyn has just takon 031 BB bales of wool at this port, weighing BBJi 277,053 pounds for shipment to lire- BBjfl men. This steamer took on a cargo BPBM of cotton at Savannah for shipment Bull to Drenton topping off with tho wool BStfl hero. If L'uglaud allows this ship- Ffjjl ment to go through tho whole of JjM the embargo Is dufeatcd. Incidental- J& ly It shows method in tho policy of l&R requl'Ing satisfactory guarantees P fri in American buyers before ship- ' mints aro permitted iffjl Two shipments of wool recently iy hao been made to Copenhagen the gtift ultimuto destination of which Is be l!r Heved to be tiannany Altogether, t'. serious complications are arising that & ' promise to bring matters to a head fL, at nn early administration had any I , consideration for New England Indus- lorif tries or the toxtllo mills of tho coun &j!?X 'rv at large, an cmcrgoncy duty Njlajg ' 'Mould at once bo put on Importations P$-X of manufactured goods. Then it would K'fjft net be possible for England so to lift ni tho edgo of tho embargo as to lot out BBf; v,0l maiiufacturors, while lccoplug a Bt' tight rein ou exports of tho raw ma- Bb BS Mwm.vlillo, many persons in the HBST trade aro expressing a certain sat- BSr "" lsfapUon over tho dllomma In which BB BoAary Hryau llnds himself With SBBa - - BBBBBBBBBBu BBBBBBBBBBjksKBV--'- rnstern ool men nnd manufacturers ' drtunhdlng prompt acllon to secure tlid lifting of tho embargo nnd wes I tern wool growers nuking by formal res lutlon that tho administration Immediately ceaso nil offorts In that direction, tho socrotary Is "between two stools." This Is a case whoro "glittering gchernlltle" will not do. Some votes n-c bound to bo lost In any ovont, unless Mr,. Hrynn copies the England plan of lnrgo promises I nnd small results. Purchasing Only Moderate Not much change Is .noted In Aus-tra'la, Aus-tra'la, where wools sultablo fur America Am-erica are being wlUiheld, though a few lots nie offered each day. Mod ornto buying by Amorlcans shows that thej oudently will take a sporting sport-ing chance that tho embargo will bo lifted lu season to allow shipment. No direct shipments nro to bo permitted per-mitted this year. Not only must nil shipments bo made via England but "to England." thero to await tho dls position of tho Urltlsh authorities. If the embaigo ls not, lifted by the tlmo tho wool nrrlves, it will havo to bo stored In warehouses In England Eng-land until such time as shipment Is authorized. It Is not likely, therofore that tho volume of purchases is largo. Iate adwcea from Australia say that natural causes nro operating to prevent tha marketing of the wools sultablo for this country. This ls especially true In the IUvcrlna district, dis-trict, where tho wools, last year for tho first tlmo In, a docodo, were up to tho standard demanded for ship ment to tho United .States. The growth and condition of tho wools nro In direct contrast this year. A thought throughout Australia 1ms affected af-fected the quality of tho clip very serious ser-ious y being especially felt In the character of tho wools usually avail able for shipment to this country. This tunda to reduco tho offerings of choice merinos suitable for America. South American markets are showing show-ing a great deal of strength. Advances Advan-ces hnvo been noted dally of lato. A 'nto estimate say that already one half of the clip has been sold, offerings offer-ings having been liberal. Not much chango Is noted In quotations, but somo buyors who recently woro able to do rnther better than the published publish-ed figures find It Impossible to place orders except nt full prices, llucnos Ayres I.lncolns nrc still quotable at a clean cost Inld down hero of 2." 1 2 to 20 cents nnd c'nss 5 wood at 2C 1-2 to 27 cents. (lonernl business in forolgn wools hero continues to consist of small cattered lots. Offerings of merinos here are rest-lcted nnd buyers now ihnw comparatively little Interest In them. Somo small lots of Montevl-leo Montevl-leo wool aro reported to havo been sold to arrive on tho basis of 54 to 53 cents clean for merinos, 52 to 53 cents for half blood nnd IS to -19 cents I for three eighths blood. Domestic wools aro selling stcadl ly, though moderately. Territories nro taken to covor necessities of mills when buyer and seller can agreo upon a price Good staplo territories ter-ritories are scarco and are quoted at 63 to CS conts clean. Flno wools n n ltttlo firmer nnd some choice lots hnvo boon sold at 58 to CO conts, tho this is an oxtromo. Sales of 50,000 ' to 100,000 pounds nro reported by dlt-1 dlt-1 forent housos, particulars as to tho grade and prlco being withheld. Somo ' business In odds and ends, such as usunlty mnrks tlio end of tlio ollf 1 season Is noted. It ls expected that ' tho annual roport of unsold stocks by ! tho Hoston Wool Trade association will show the smallest volumo of i wool nvallablo for years. Western Growers Hold Stocks Nothing has yet been dono In tho West, In aplto of tho depleted condition condi-tion of this markot. Tho wool growers grow-ers associations hnvo urged growers to hold their clips this year for high figures and thoy appoar to bo disposed dispos-ed to do so. Tho Korrvlllo wools havo been sold to Hoston parties, tho transfers Involving nearly a million pounds. Prices paid In tho grea-io nro withhold. Tho San Angelo wools aro still unsold. It Is estimated that something llko 2,500,000 pounds of fall wool remaliiB In Texas. Mill buying lias beon at a low obb for tho week, though factories aro ro ported to doing a little bottor. Lawrence Law-rence Is reported to liuvo secured somo government contrncts. Scoured and pulled wools contlnuo to movo frooly, much of tho recont activity In II supers being duo to tho noeds of tho mills having English nnd French orders. It Is difficult to got at the facts regarding tho volume of this business. Prlcos under these rrn-tracts, rrn-tracts, it Is reported, havo been slmv cd so closo ns to instigate lnrgo ro-Joctlon ro-Joctlon when tho goods wcro examined exam-ined In England. Liberal transfers of scourod vools aro noted at a rungo of CO to R0 cents one houso soiling about C00 ba'.'s on , this basis Pulled wools aro stilly moving with considerable froodovi, the current quotations for Eastern pulllnga being 52 to 51 ecu's, fcr supers nnd 53 to 55 cents for A Kiln ors. Chicago 11 supoi's arc ljuouhi, . 50 to, 51 cents with A.supqra nt 61 io 52 cents. .Liberal sales of Chicago Us are noted at 60 1-2 to 51 centB. Good wools nro well cleaned un nt tha pullorlcs. . Fleeces aro moderately active wltji transfers of about -150,0,00, pouni3 medium grades U-2S to 29 touts, Ohio quarter blood combing wool has so'd at 2V 1-2 and 29 cents for chnlcjo clips. Other Ohio grades nro un changed, tho current quotations bo Ing: Fine washed dclalno 30 to HI, cents; XX nnd above 329 to 30 cents;' fine unwashed dolalno 25 t,o 2G cents; flno unwashed clothing, 24 to 25 cepts; half blood combing 29 to 30 cents; three eights combing, 28 to. 29 cents; half blood clothing, 25 to 20 cents; threo eights blood Z5 to 2G cents; three eights blood clothing, 2G to 27 cents. Deseret News. |