The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1902-06-03
WOOL BRINGS
A GOOD PRICE
NEW MEDIUM UTAH SOLD At
SEVENTEEN CENTS.
REVIEW OF THE MARKET
Demand Has Materially improved
Old Stock Being Disposed Of to
Make Room for Present Clip

l
Reviewing the wool market for the
past week, the American Wool and
Cotton Reporter says:
The demand for territories has de-
cidedly improved and some good-sized
lines have been sold. The sales were
almost wholly Of old woods and were
taken at low prices; as holders have
been anxious to get these woods out
Of the way. Secured woods also have
been moved in some instances at con
cessions. Among the transactions OF
the week were sales Of $4,000 pounds
of fine Dakota at about 45c, clean,
100000 pounds of good staple Montana
grading fine medium at 45@47c; 1907
600 pounds fine Nevada at 15@17c in
the grease for staple woods; $4,000
pounds of fine and fine medium terri
tory, staple, at 13c; $4,000 pounds
heavy staple Wyoming at 12kc, and
100000 pounds of fine Nevadas and
Wyomings, the former being taken at
about SOC, and the latter at 47c. Fine
wool is the strongest item in the
whole list; but fine medium clothing
is inclined to be easy. We should
quote fine medium clothing at 400
44c; fine clothing at 45@4Sc; and
strictly fine, choice staple wool at SOC.
The foregoing sales were all of old
woods. Scarcely anything has yet
been done in the new woods, although
we hear of one sale of new medium
Utah at tic in the grease. Medium
territories sell here at 38@40c, clean.
Continued sales are reported in
Wyoming at 1874 and 14c. The Tay-
Tor clip, it will be remembered, sold
several days ago at the latter quota
ton. Some woods Of heavier shrink
age sold at 12kc. One clip of 100000
pounds sold at Casper at 13hc.
Sales for the week, at Boston, A.
1O7, 200 pounds.
The market has shown more activ-
ity the past week than it has for sew
eral months previous. and the volume
of business transacted is fully equal
to four million pounds. A number OF
the mills have been represented in
the market, including such concerns
as the American Wooden Co., the Pa
cific Mills, the Arlington, the Vans
kuck and several large Philadelphia
mills. The latter have been conspic'
uous in the buying, and have taken
relatively more than the other big
concerns, which have bought but very
few large lines, most of their pur
chases being confined to moderate
sized lots for special purposes. TIL
smaller-sied mills have also been rep
resented in the market, and Will
their individual purchases are no
very large, they have manifested de
cidedly more interest in wool, all O
which tends to strengthen the belle
in the minds of the majority of thu
members of the trade that before
long there may very likely be a live
~ business in progress.
The sales which have been mad
show no improvement in prices, not
w~ithstanding continued reports o
high prices being paid in the west
the increased strength abroad and tn
more favorable aspect Of the strik
situation in the wooden mills. 1t
impossible for holders of wool to Sc
cure any advance and, indeed, as tn
great bulk Of the sales have been Q
old woods, which holders are anxiou
to move in order to make way for tn
new woods which are now coming TO
ward in increasing quantities. In
number of cases slight concession
have been made, which consumer
have taken advantage Of. The hol'
ers Of old wool who r willing I
make concessions to their customer
and sell at relatively low prices. AZ
the very ones, it is claimed, who al
paying the highest prices for the ne
woods which are being shorn, whie
prices are proportionately much hig
er than the level of values currel
at the seaboard. The only logic
conclusion that can be drawn fro
such q state of affairs is that eth,
the price of wool at the seaboard
destined to advance materially
there will be some losses in the wo
trade this year.
In the interior woods are being ia
en- as fast as they come OF the sheer
backs, and every house is operatil
on the same high basis. In Idaho prs
tically every clip offered has be-