The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1902-11-18

buying wool SO freely, point to the
continuously decreasing supplies of
wool at home, the im%possibility of
importing anything which can sue
cessfully compete with domestic
stock at current prices, the strong
and advancing markets abroad, and
indications that the consumption of
wool will continue on a very large
scale for months to come. Advances
are being secured on light weights
and there is no question in the minds
OF the trade that the next heavy
weight season will open at a sub
stantial advance over last year, which
will render it possible for manufacture
ers to pay higher prices for wool.
Large selections of nice woods have
been materially cut into and it is GER
talnly not so easy for consumers to
find all that they want of a certain
grade and kind of stock as it was.
Xxx and above Ohio, delaine, No. 1
washed, quarter, three-eighths and
~half-bloods, secured woods and pulled
woods have been pretty we'll cleaned
up and prices rule very strong.
Prices Advanced.
We have advanced quotations on all
the foregoing lines of wool this week
and the tendency on all other woods
is very strong. Territories. are ap-
parently slowly but steadily creep
ing up to the 60-cent mark, although
the highest price touched during the
past week has been SIC, which was
for an extra nice wool.
All classes of wool have shared in
the demand of the past week, with the
exception of Texas, the supply of
which is not large enough to do much
with, and Of Oregon, which is also in
much reduced supply. Some good
sized lines of territories have been
moved, as well as some large lines
OF medium fleeces. A considerable
amount Of the secured wool taken by
dealers has already been resold, it is
reported, to consumers at a profit.
Foreign advices are to the effect
that the Melbourne market is tend
ing upward and that there has been
no decline of 5 per cent, as was re-
ported in some quarters; that the
market in Buenos Ayres is strong
with keen competition, and that at
the London sales which begin the 25th
of this month, traders are locking for
an advance and a very small and not
especially desirable supply of woods.
English woods have been Influenced
by the strength shown in c~rossbreds
and they have advanced slightly.
Texas, California and Oregon.
In Texas woods there has been only
a fair business, the limited stock On
hand tending to curtail trade. Some
OF the new fall woods are arriving
and some of sales of these here are
reported to have been made at a
clean cost of 45@47c in the grease.
The woods sold were early shorn
woods. Twelve months stock has
sold in a moderate way at 55@57c,
clean, and eight months at 5O@52c.
Some of the incest IL months woods
are held as high as Goo, clean.
California woods are not quite Is
active as they were, but it is not diff
ficult to sell at quoted prices wherever
this kind of stock is wanted. What
business has been done covers a wide |
variety of woods, from detectives sell
ing around a third of a dollar up to
the choicest northern II months
woods bringing 52@53c clean, and
55c. clean. Quite a little bust
ness has been done in wools selling
4SM50c clean. Some inquiry
is reported for middle county woods
which have sold at about Acc, clean.
The new fall woods are arriving, and
some of them are held, as high as 45c,
Oregon woods have been quiet, as
before noted, although the tone of
the market is firm on these woods on
account of the reduced supplies.
Prices are nominally unchanged.
Choice eastern staple is held at 19c,
and some wool has been sold at that
quotation. Some heavy eastern Ore-i
gon has sold at 13c in the grease.
Territories.
The demand for territories con
tinues good. 1t has come not only
from consumers, but also to some ex-
tent from dealers, the latter showing
some disposition to take hold of me-
dunn territories; but practically all