The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1902-10-24
With the belief prevailing that on Ger.

'f
tain grades at any rate prices must
ultimately rise to a slightly higher
level. On fine wools, it may be diff
ficult to realize higher prices, as they
may reach the prohibitive point if
they advance mitch further, but on the
lower woods, The trade argue that
there is room for a substantial ad-
vance, both here and abroad.
The News from Abroad.
The news of the week from abroad
has been such as makes for improve
ment. Advices from Australia indi-
cate that the Sydney sales opened at
an advance of 5000 per cent over
last year, and that the September
rains in Victoria were disappointing,
the violent north winds multiplying ben
efits which might otherwise have been
derived from the rains. Advices from
Melbourne, dated October 8, were that
the stock which is starving is being
transferred in thousands to Gipps-
land. Many beasts are so emaciated
that they cannot stand the railway
Journey and hundreds are dying in
the cars daily. The losses in New
South Wales are equally severe. The
estimated decrease in sheep since
January /, is over 5000, 900 and the
lambing averaged only 20 per cent.
Most of the lambs died or were killed
to- save their mothers.
The greater h%opefulness regarding
the outcome Of the coal strike has al
SO tended to increase the feeling OF
confidence in the wool trade. The
settlement of the coal strike would
have a beneficial effect on general
business, which would without doubt
be reflected in the wool market, and
it was not surprising that the mem
bers of the wool trade or Tuesday
following the announcement Of the
more favorable turn in the coal stu
alton, should have been decidedly
cheerful and optimistic.
Texas, California and Oregon.
Texas woods are moderately active.
Some Of the choicest 12-months'
| stock is reported to have been sold
at a clean cost of SIC. Other sales
of last years growth are reported at
55c; eight months has commanded
47@4Sc, clean, and some holders are
asking soc. There is no fall wool
here. In Texas the new fall woods
continue to sell at 13@14c, and oc-
~casionally ever at 15c, which is equiv
alent to a strong Ascent clean cost
landed here. This is a pretty stiff
price for a fall Texas wool, and the
market here must advance substan'
TALLY before it can admit of any profit
ITO the owners of such high-cost wool
In California woods also a moderate
ly active trade is reported. The very
finest Mendocino woods are worth 81
@53c, clean. One house has sold as
good California wool as any n car
show at SIC and comparatively there
is not much which sells owe 48c
Woods that command 16@17c, cost 4
@4Sc. clean. Middle county wool:
are quotable at Agate; fall Cali
fornia here is quotable at 40c for FREE
stock, down to 32@33c for defective
In California the fall wcols are being
secured and are not coming here ii
the grease. They sell there at 1O@12'
in the grease.
A pretty good demand is reported
for Oregon. VALLEY woods have beef
more active, hut the .ernis IF tn
sales are private. Trey are under
stood to be within the range CT lSG
:, zoe. For eastern stan]c Oregon tier
has been a good inquiry and sales ar
reported at 52@53c, clean. Ci"'rin.
woods have eold at 47@4Sc. N I'll
grease eastern staple woods have sol
at 17@1Sc.
Territories.
Territory woods have been very az
tive and a large business has bee
done. Philadelphia worsted spinner
t INK others nave taken some big line
4 of Wyomings and Montanas, and som
5 mills have taken some short Utahs
y One Philadelphia concern is repor
ed to have taken fully 100000 pound
. Of fine medium and medium staple
l all these purchases being at flu
h prices. Wyoming woods, grading fin
J. and fine medium staple, have sold 6
e i6@f16kc, and Montana woods graz
ing fine and fine medium at 17@1S'
f Medium staple Montana woods hav
sold at 53@55c clean. Fine mediul
S clothing, clean basis, is quotable {
47@4Sc, clean, and at SOC for stcc
which is especially good. Fine WOO
e are worth 49@52c, with choicest stoc
quotable at 53@55c. Medium teri