The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1902-10-24
NO WORRYING over STOCKS
Large Holdings Well Reduced and
Demand Fully Up to the
Supply.

strong, says the American Wool and
Cotton Reporter.
A number of the large consumers
have been in the past week, including
some Of the foremost Philadelphia
manufacturers, both spinners and
weavers. They have taken some big
sized lines of territories, largely fine
medium and fine staple, although the
demand has run from the very finest
to the coarsest territories. Some of
the large mills have also purchased
quite freely Of feeces as well as ter
ritories. so that the volume of bust
ness transacted during the week fig
ures up a pretty large total. 1t COW
ers a wide range of grades and styles
from the finest washed fleece to the
very coarsest carpet stock. The quiet
est spot in the market is in pulled
woods, but the small business trans
acted in the latter is largely attribute
BILE to the very light supply.
In Excellent Condition.
The market is in excellent condi-
ton. There is a good, steady bust
ness and there is no speculation, the
woods purchased being all for the
actual requirements Of consumers.
The mems wear mills are running on
their first orders on light weights and
are consuming an enormous quantity
of wool. There is also a great de-
mand for yarns. The worsted yarn
s%pinners are behind On their orders
and their requirements as far as wool
is concerned, are large, and they have
been among the heaviest purchasers
in the market during the past week.
AS to the goods market, it is a be-
tween-seasons period, the initial light
weight orders having been placed and
it being still toe early for the dupli-
cate orders to set in; but the mills
have all that they can attend to, what
with the orders on light weights, and
the orders for heavy weights on which
more or less machinery is still rum
ming. The tone. of the goods market,
as far as prices are concerned, is vcry
firm, and the possibility of advancing
prices on light weights is being dis
cussed in some directions. Statistic
ally the goods marketsis in excellent
shape and as there were no excessive
accommodations Of heavy weights car
ried over it is more than likely that
when the next heavyweight season
1z-a I'LL 1o on o11n,1o oil
of which of course contributes to the
strength of the wool market, II rem
ders the holders of wool less disposed
than ever to make concessions in
prices.
The Money Market.
The tiShtness CT the money market
has not appreciably affected the WOO
trade. Wool merchants sold so much
of their new wool early, and the new
wool was originally so we'll distribut
ed among the trade this year, no
being so largely in the hands OF
few holders as was the case two year:
ago, that obligations have been easil.
met. The merchants themselves re
port credits as good, and mills are
discounting their bills from whom
discounts were not expected, which
is pretty good evidence of the pros
perity of the manufacturing end OF tn
business. In fact, little or no com
plant is heard as to the condition o
manufacturing, and there has seldom
if ever been a time when the mill
as a whole were considered to be bet
ter situated financially. One advan
age OF the tight money market is tn
fact that it does not invite specula
ton, the demand being, as betor
stated, for actual necessities, whic
gives a stability to the market Whlc
it might not otherwise possess. VI
q~uestionably, if the money marke
was easier, there would be more OF
tendency to speculate.
Demand and Supply.
AS far as the relation Of demand
supply is concerned, the situation ]
a healthy one. There are no cumbe
some and u~nmarketable stocks bein
carried, and the supply of wool
considered no more than sufficient I
meet the prospective demand betwee
now and the clip time. There is M
So much worry over big stocks
wool. in fact, as there is over STOCK
which are not at hand, and there al
signs of a disposition on the part
some dealers to buy in some GOO
lines of wool if they should be offere
at figures which would make it an
inducement for them to do SO. tt
feeling is very firm, and while price
are no. quotably higher, they al
very strong at previous quotation