OCR Text |
Show Boston Wool Market The following special correspondence corres-pondence was received by the Eastern Utah Advocate: Boston, Mass,, Feb. 15. Special features of the wool market have been larger sales, an easier tone to prices and futher shipments of foreign wool to Englsni for resale there. Some of this wool, like that noted last week, was wool belonging to New England mills which had been in bond for nearly the three-year time limit lim-it allowed by the government. This week the movement has broadened out further, and shipments include not only lots belonging to the mills, which had to be withdrawn at the expiration ex-piration of the time limit, either by exporation or by the payment pay-ment of the duties, but also lots sold by dealers here to buyers in England, lines sent over on speculation and other lots, originally ori-ginally shipped here on consignment, con-signment, but which have now been ordered back by the owners. own-ers. The wools thus moved were grades which have been very dull in this market for many months. Outside of this movement, move-ment, which has naturally attracted at-tracted considerable attention the market has been moving within very narrow lines. Fleece wools, which constitute a large part of the unsold wool left in this markets, are neglected. Fine, washed delaines are still being held at 27 1-2 to 28 cents, but a small lot is reported sold as low as twenty-seven. The bulk of the week's sales nave oeen in territory woois, both greasy and scoured wools having moved quite freely for the season. Manufacturers are short of wool, and are frequent buyers of small lots needed to tide them over the emergency. Manufacturers are now showing show-ing a great deal of nervousness especially over the garment workers' strike, which has played play-ed havoc with the heavyweight season. Now that the better lines of goods are being shown, manufactures find a strong dis inclination to buy unless a guarantee is given that prices will be no higher than they were a year ago. Cheaper lines sold very freely at the advance established at the opening of the heavyweight season. Therefore There-fore it seems all the harder to accept Jthe quotations current last year for the better goods now being shown. Altogether the situation is becoming increasingly difficult for both manufacturers and wool dealers, and no improvement improve-ment appears to be in sight. Some members of the wool trade would like to see prices break a little, in order to help them buy the new clip wools in the West on what is considered a reasonable basis. The large houses who stiil have wool in their lofts are not so eager for lower prices. Reports from the West indicate that growers are very firm in their ideas. Owing to the firm stand taken by the growers, no contracting has yet been done in the West for Bos ton account, and only a little wool has been brought or consigned con-signed from the early shorn wools. |