The semi-weekly tribune. [volume] (Great Falls, Mont.) 1890-1891, 1890-07-30
GREAT FALLS B
WEDNESDAY, JULY so. 1880.
THE WOOL MARKET.

We would like to give bright, en-
couraging Jews of the eastern wool mar
kets but the accounts are still depressing
. In the Boston report the American Woo
Reporter, July "a, says: "The past week
has been productive of but slight chang
as in the condition of the wool market
While there are those who are led to be-
lieve that the course of trade the past
week has furnished indications of more
interest manifested in wool on the par
of consumers. through the taking of q
larger number of sample bales, the ma
jority are unable to see any improvement
There is certainly nothing in the way Of
a free business doing, just a retail trade
with no snap to it. No one is pressing
wool for sale, for if they did it would
mean a loss, when manufacturers are sc
Indifferent, but everyone who is waiting
while stocks, although not as large as
usual at this season, are ample and accu'
mulating steadily
There is however some prospect that
the demand for wool will revive. The
same report says:
THAT the mills must came in and buy
more literally soon, nearly every one be.
lieves, but the present and the immediate
future offers no pr aspects that values will
advance. 1t will be remembered that
during April and May worsted people
bought considerable wool, or at least most
of the staple selections of old woods then
obtalnable, and that since then they have
taken very little interest IN the market.
As stocks were low at that time they
could not lay IN supplies for any length
of time, and with all their machinery
running and enjoying a very good busl-
ness, it is evident that they are soon to
want some wool and that they will be
quite liberal customers"
The position of the Montana woods in
the market is thus outlined: "The
Montana woods, which growers have been
holding firm at 20c., are many of them
now coming forward on consignment. A
little new Montana wool has been sold this
week. fine on a basis of 60c and fine me
dium to cost clean 57@5Sc, which repre-
sents the market today for average woods.
The variation in shrinkage is surprising,
ranging from 60 to 10 per cent on fine
wool. While the staple appears sound,
they are, many of them, dingy on color.
Utah and Wyoming woods are we're quiet
this week, and as transactions have been
so light, have hardly proved a feature
in this Market"
From New York like reports come, as
may be seen by the following: "Buyers
seem to be utterly Indifferent regarding
the wool situation, caring little whether
values are high Or low. The apparent
apathy is uDq~uestionabiy due to the slow
and depressed condition of the goods
market. Until they are sufficiently
equipped with orders, or can discern suf-
fcient in the goods situation to promise
them occupation for their looms, there
will be little to encourage them to take a
positive interest in the wool market. The
possible effects of the passage of the Nc. |
Kinley bill may be a slight advance in
values, but it can only he temporary un-
less the goods market should respond. |
and as long as the market isovercrowded
with foreign goods, there can be no relief
to domestic makers through legislative
efforts. The growers are not likely to be |
able to force prices in the face of these
conditions, for there is nothing in the
situation here that will warrant ANYTHING |
beyond the present range of values"