The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1902-09-23
INQUIRY FOR
WOOL BETTER
CONSUMERS ARE DOING MORE
LOOKING AROUND.
IS BEING USED RAPIDLY
New Domestic Clip Going Into Con.
sumption Fast-eood Trade
in Territories.

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The sales of wool On the Boston
market for the week we're 3.6OO.O 900
pounds. Says the American Wool
and Cotton Reporter:
There has been a little more look
ing around for wool the past week on
the part of consumers, but there is az
yet no substantial, increase to be not.
ed in the actual volume of business
done. Some good trades are report.
ed to be pending, however, and it is
quite possible that by the end of
a week or two, we may have some
good-sized business to report. There
has been more looking around also
on the part of some dealers them
selves who are not a%bundantly sup
Piled with stock, and some good-sized
sales of, secured woods have been
made to dealers at prices ranging
well up towards As cents for Colo
radios and New Mexicans. Secured
woods are selling relatively cheaper
than the woods in the grease.
For the most part, however, the
trade is still quiet, but the big mills
are keeping in close touch with the
market, and their representatives are
seen in the market about every day
looking around and feeling Of the
situation" Some large worsted con-
Germs are understood to be consider
ing the ~advisability of laying in some
large lines Of staple woods, but have
not as yet acted. The clothing mills,
however, will, according to every in
dication, continue to pursue the pol
icy of buying wools only as they need
them. The great bulk of the purchas-
ing of the past week has been only
to supply actual needs. Some houses
report a better demand for low stuff,
such as Khorassans and East India.
woods, for coarse cheyiots and rough
goods, for stuff that sells around 80
cents, and some good trades are now
under way on stock Of that descrip-
ton. Nest Of the inquiry for scour-
ed wool seems to have been for the
medium grade of stock.
The Situation Satisfactory.
While the trade is quiet, about ev-
cry house is doing a little business.
It is mostly of a retail character, it
is true, but it is very satisfactory
as far as it goes, certainly as far as
prices are concerned, for the tone of
the market continues firm and hold
ers of wool are not granting conces-
A difference Of Acent in the
views CT buyer and seller has been
sufficient to prevent the latter from
releasing his wool. All feel that
there is none too much wool on hand,
and dealers themselves who have at
to secure woods fer the pur-
pose of filling up certain lines on
which they are shy, have fully realiz-
ed the difficulty of finding any weak
spots in the situation. Anything that
lopks at all tempting is quickly
snatched up. The few woods which
are shown from the west, when they
have been tested, look fully as high
those in the eastern markets, and
It is generally recognized that moth
ng can be imported from the London
sales in the line of fine stock certain
v, which can compete with domestic
stock of corresponding grade. A
good deal of the wool now offering in
London is not fit for America and in
locations are that there will be com
o%aratively few purchases for Amer.
ca at the sales new in progress. Con-
idence, in fact, seems to be unbound
I'd.
The new domestic clip is going into
rapidly-muchs more rap
dly, in fact, than is usual at this
of the year, owing largely to the
act that the old woods had been SO
thoroughly well worked off.
Some consumers report that thereI
5 more seeking for buyers on the
art of the wool merchants. but there
5 no weakening of prices apparent
ss yet. Certainly no sales have yet
made which would indicate any
DWering of values in any portion of
he market, and consumers who come
nto the market in the attempt to get
1ools for any less money, find holders
Indifferent about selling. OF course
nth some of the mills it is a between
easons period. They have taken
heir initial orders on light weights
nd have made sufficient provision
Or their needs as far as wool is con-
When.they are in a position
) guage the extent of the duplicate
emand for light weights. thew will