The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-09-15
TIE OUTLOOK FOR WOOL
Last Week the Demand Less Active
and Trade the Smallest for
Some Time.
Large Manufacturers Have Sup
p,isd Their Wants and With
drawn From the Market.
Neverthe 1ess, Affairs Are in n Healthy
Condition., There Is No Speculation
and Prices Are Steady.

A telegram from Boston gives the follow
ing as this condition of wool st that point
after the close of last wesk: The wool
market remains the same as was reported
a week ago. Conditions have not changed
in n important particular, though the
demand has been less active and the volume
of trade is the smallest for some time past.
The sales for the week have been 1924 200
pounds. Of which 2,677, 200 pounds were of
domestic and $4,000 pounds of foreign
grades.
This is a good average business, and the
falling off in the amount sold Is
due to the fact that the large manu-
facturors, who nave been large pur-
chasers of territory woods for several
weeks past, have withdrawn from the
markets, having supplied their wants.
They do not consider thu market in a posi-
ton to warrant a speculative policy. and
will not likely become free operators again
until the necessities of the goods market
foroe them to buy of the raw material.
The market for the latter is at present de-
pendent unon the distribution of WOODEN
goods, and should the fall and winter bring
about a better trade in goods the demand
for wool must correspondingly increase.
At present the market is in a very healthy
condition. There is no speculation what
ever and prices are remarkably steady, not
having changed under tho recent active
trading nor are they expected to change in
either direction for the present.
Tho market is quiet for Ohio and Penn
sylvsnia feeces, and the sales have been
$50. eco pounds of all kinds. The market
remains nteady and prices are unchanged.
We quote extra at 90 cents, extra and above
at 2915 to 80 cents, double extra at 80 to 81
cents, double extra and above at 81 to 80
conts, and No. l at35 to &c cents per pound.
This sales of Michigan extra fleece are
quite large, amounting to 1885, 900 pounds,
but the demand has not been materially
larger. the increase in the snles being due
to q transaction of 20o, 600 pounds at aS to
2319 cents. These are, of course, very ex-
treme priceG, and must not be taken as u
criterion of the market, The lot was an
exceptionally choice one of very light
shrinkage, and does not cost the mHnufac-
turar anv moro after securing than the
bulk of the wool on the market that can be
bought for ~ cents. Quotations are not
changed, and ~ cents may still DO conaid-
cred an average price for Michigan extra
fleece.
There ia a good demand Tor washed
Combina and delaine feeces, and Tho market
rules firm. We quote No. Ohio combina
at 30 to 40 cents. Michigan No. | combing
~ " y y NehhN, Saio hus uaIdlHh ~ of W
35 cents, and Michigan fine delains at 32llG
to 30 cents per pound. unwashea combiug
woods are in demand mud prices ara steady;
~one-quarter blood selling at 25 TO 80 cents,
and three-eighths blood at ~ TO 2S cents
per pound.
There ia still a fair cnll for territory
wool. though the latgo manufacturers have
supplied their wnnta freely of late. On n
secured basis fine territory cells principally
at 90 to 62 cents, fac medium al ~ to "a
cente. and medium at at55 cents per pound.
Iexas woods have been quiet, and only