The weekly tribune. [volume] (Great Falls, Mont.) 1891-1894, 1894-08-10
WOOL MARK EFT.

Review of the Situation As 1t Exists In
In it's review of the wool market the
Boston Advertiser of August 4 says:
The total receipts of wool at this port
during the past week comprise 1871
bags and bales domestic, 62S bales for
eign, against 26,029 bags and bales do
nestle, 1924 bales foreign for the same
time last year. The total receipts since
Jan. l, 1894, comprise 3l8,l75 bags and
bales domestic, and 1876 bales foreign,
against ALIAS bags and bales domestic
and III, sos bales Of foreign for the same
time in 1893.
The sales for the week comprise G,GG3,.
600 lbs. of domestic fleece and pulled,
and l11,00O lbs. foreign, making the
weeks transactions foot up G,774,OO0 lbs.
against 9,722,5OO lbs. for the previous
week. and l,O83,OOO lbs. domestic, and
1900 lbs. foreign for the corresponding
week last year.
The total sales of domestic and for
eign wool since the first of the year foot
up S3,752,000 lbs, against 77,42S,OOO lbs
during the same time last year, showing
an increase in business of 6,324,OOO lbs
this year.
The market has settled down to a
stronger basis, and the advanced prices
asked a week ago, are generally well
maintained. Trade has not been as &C
tive as last week, but buyers show a
more liberal disposition to buy, while
lots that can be picked up at old figures
are readily absorbed. The bulk OF the
later business has been at about 1c ad-
n Of former prices for territory
grades, and in some cases dealers claim
to have done even better, while fieeces
are nominally lc higher than two weeks
ago. The claim is that fully three quar-
tiers Of the wool that changed hands dur
ing the past two weeks has been pur-
chased by manufacturers, and conse-
quently reduced offerings to that extent,
but there is little doubt but the recent
activity was due in part to speculative
operations among dealers.
Some houses have sold out all of their
available wool and will have to wait for
more supplies before being in the market
to sell. In other cases woods here arc
withdrawn from sale, owing to the more
hopeful feeling on the part Of the con
signors, who prefer to wait and see how
the future appears before selling out.
The general feeling among dealers, how
ever, is that it is a good plan to sell when
there is a market for the wool. or
course, il no tariff GILL is passed this
would not be profitable business, but
l -L.- - ,-,,l Ia,,~ h. AnIro- - AL:-
event, and it now looks as though the
odds are largely in favor Of the party in
power being able to come to an agree
which case there is little hope Of wool
being anything else but free"
As has been the case for some time
past when good sales have been reported,
territory grades have absorbed the larR or
share Of the business. This is due in
part to the fact that woods grown west
Of the Mississippi river compose the bulk
of the offerings, and also that larger
sales in weight can be made of these
woods, and less actual wool change hands,
than on any other grades selling. A fair
quotation Of the market at present would
be about ] cent advance on grease woods,
or about 3 cents on secured, compared
with two weeks since. Where abolt 30
@32 cents was the selling price for
secured fine medium and fine strong
staple woods two weeks since, they are
now quotable on the basis Of 1895
cents. Woods of in quality range below
these figures. Texas woods have met
with Q good sale at about the same basis
a. territories for twelve months growth,
while California grades also show some
movemeut. A good line Of eastern Ore.
gou wool was slso reported cleared up.
D.. Prices Cream Baklsg Powder