The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1902-10-14

q number of manufacturers who are
still unwilling to pay what they con-
slider fancy prices, but who will take
fair amounts of desirable stock within
the range of quotations previously
given.
Quite a number of manufacturers
nave Deen In the market looking
around, but have not actually con-
tracted for any wool.
A widespread interest in shown in
wool, however, and all classes Of con.
sumers are keeping in close touch
with the market, some Of them taking
out sample bales, Of both f1eeces and
territories, which may very likely re-
suit in some good-sized business be-
fore long. Some lines, including No.
l f1eeces, delaines, fine unwashed,
Texas n staple territory are really
held out OF the market, the prices
asked by their owners being practical
~ prohibltive, SO that it is unques-
ttonably true that if all holders of
wool had been willing to meet the
market as 1t actually is, a consider
ably larger volume of business even
thar that which has been recorded
would have been transacted. Hold
ers, whose ideas are pretty well ele-
waited, express no concern as to the
outcome of events, and feel confident
that the developments Of the future
will justify the position which they
have taken.
The largest transactions of the
week have been confined principally
to medium feeces and territories, and
quite generally to staple woods for
Worsted purposes, although, as before
stated, there is a general inquiry for
pretty much everything. If fine woods
continue strong and advancing, there
are many who believe that medium
woods will sell decidedly higher be-
fore the winter is over, and that this
statement applies to foreign markets
as we'll as to our own.
Texas, California and Oregon.
While there is a fair demand for
Texas wool, 1T is not quite as large
as it was. The high prices asked in
some instances prevent trade; but the
stock is not very large and there is no
pressure to sell. Negotiations are in
progress at this writing on a large.
line of II months Texas. Such sales
of ~ months stock as have been made
have been on the basis of about 55c,
clean, or at 10000 in the grease.
Eight months stock has sold at 100
TIC, or at a clean cost of 48@5Oc. The
new fall woods in Texas are reported
to be selling on the basis of 45c, clean,
landed, about as fast as they are Of
fered.
In California buyers are paying IA
@1413c for choice northern fall woods,
to cost 45c, clean, landed. In this
market there has been a moderate de-
mand. Some of the choice IL months
northern woods have been moved at
a clean cost of about SIC, and middle
county woods have sold at 46@47c.
Fall woods, of which there are not
many here. are quoted at 43@45c. OF
California defective woods, which have
to be %carbonized, there are not many
here and moderate sales wherever
consumers can get them are reported
at prices ranging from 80 to 35c..
After the enormous business recent,
~ done in Oregon woods, referred to
in our issue of last week, it could
hardly have been expected that a very
large business would have been real
lied this week, and as a matter of fact
the market has ruled comparatively
very quiet The sales made have cut
a large hole in the available supplies
of Oregon and prices are firm. Some
lots of choice Oregon are held at 19c,
have been made above 1Sc. Some
business in staple eastern has been
put through the past week at 17c.
Territories.
While the volume of business trans
acted in territory woods the past week
has been large, it appears sman of
in comparison with that of the
previous week. The aggregate of the
business done amounts to over 3,O0O,-
900 pounds, however, including some
lines of Montanas, Wyo-
Idahos and Dakotas. Some
further sales of fine Nevades are also
reported at prices previously quoted.
A considerable portion of the woods
sold were staple woods. Staple Mon
tanas have sold at prices ranging
from 1917 @20c, most of the business
done being within the range of 1872
@19kc. Average fine medium has
sold at 16@17c and choice fine me-
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