Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1903-06-24
WOOL OUTLOOK
IS PROMISING
Manufacturers Holding of in the Hope
That the Price Of Raw Material
Will Rule Lower.
THE LONDON MARKET STRONGER
Demand Across the Ocean vii
Strengthen Position of Grower
in This Country.

IT,
has been transacted, says the Ameri
can Wool and Cotton Reporter:
The market is neither as dull as
some would represent it to be, nor
is il as active as some sensational re-
ports would indicate. More OF the
smaller mills have been in the mar
ket and feeling around and some
of them have taken on some WOODS
The large mills are doing comparative
" little. although they have been IN
and looking around. and a few have
bought moderately. The latter's tax
ings, however. are relatively small and
the bulk of the business put through
has been done with moderate or small
er sized mills-conccrns making wool
en- goods. for both mems and women's
wear.
Two or three hOuses-those who
have been conspicuous in the pur-
chasing of the early territorial woods
report that they have succeeded in
removing some of their new woods,
and that the prices which they have
been able to secure show them a pro-
fit. though not a very large n GER
tainlv. The buln of the new woods
sold have brought about soc. clean,
for fine and fine medium, the WOODS
thus sold being. many of them. in the
original bags and ~ungraded. lnclud-
ed In the sales of the past week were
lines OF Arizona, Wyoming and Utah
woods. although they are paying a
higher grease price on account OF the
usnler shrinkage of the new woods,
it is claimed. 1t takes an exception
ally choice territory wool to bring oyer
soc. secured. today. but the marker
is tending upward rather than down
ward. and prices throughout are frm.
Manufacturers who come into the
market as a rule talk somewhat DIS
%couragingly as to the goods market.
They are certainly not climbing over
each other for the new woods, and
such purchases as they made indicate
very conservative methods on thelr
part. They are apparently not fright
ened in the least by the reports cir.
culated among the trade as TO ne
high prices being paid in the west.
The new woods have not beer taken
as freely this year as last year up to
this time. and this is indicated by the
much smaller receipts OF domestic
wool since the beginning OF the year
as compared with the corresponding
time in 1902, and In the various ter
ritories through which the buyers have
been. there is still a considerable
amount OF new wool remaining In spite
OF reports of certain territories being
pretty well cleaned up The best
adyices show that, taking the terri
tories as a whole, ere Is considerably
more wool remaining unsold than was
the case a year ago. Growers prices
have been higher than some OF the
largest houses in the trade could see
their way clear to pay. In Oregon,
recently. however, pretty high prices
have been paid. il reports are true
In that state wool has been sold at
1917 and lii4c, costing soc, clean.
landed. and one choice clip. the Bald,
win clip. is reported to have been
sold TO a Philadelphia worsted con.
Germ at l6l2c. II so the wool will cost
SO and 55c. clean. landed. This clip
amounts TO about 500 600 pounds.
Outside of the sale of a few round
lots of territories. some medium
heeces and secured woods. the demand
has been very quiet throughout tbs
week. and a number of houses report
that they have sold scarcely a pound
OF wool. A number of the larges'
houses in the trade have done prac
tically nothing and are not buyint
woods / in the interior. All are mindful
of the strong statistical position u
the raw material all owe the world
but il is also realized that howevel
small the available supply OF wool ma.
be. a. the demand does not material
ize. il is a very difficult matter to es
tablish an advance in the price o
wool. Holders may ask high price
for their woods. but il takes two Z
make a trade. and If a consumer is no
receiving the business which he cor
siders he should be receiving. he wi
be a very moderate purchaser of WOO
He also realizes that from now on tn
stocks OF woods in the market will b
increasing. In the next month or 81
weeks there will be large arrivals c
wool in the Boston market and seleI
lions will, in all probability, show
decided increase. and until the mani
facturer has a more definite know
edge than he now possesses as to IN
character and size OF the demand fC
light weight goods, he will probabl
be in no hurry to lay in large line
OF new woods, especially il he Is obi
ed TO pay materially higher price
than he has been paying for wool. tt
course Of the goods market, as "
have before remarked, will he a d
termining factor I'm this matter.
In the west. except for the transa
tons in Oregon referred 10, things a
pear L have quieted down recent
and some houses have taken their bu
ers out Of the field. Here and the
some OF the growers are reported
being somewhat easier In their ide
as TO the value of wool. but prices
a whole are well sustained and su,
transactions as are reported are at
very heal the top figures o. the Sc
son. Abroad the situation continu
to be characterized by strength a
latest advices are TO the effect tn
the next London sales will open
firm on merinos and probably slight
higher on cross.breds.
The demand for territorial wool h
improved. Manufacturers have sho'
more OF an inclination to take he
and a few good sized sales have be
made. besides which quite a numl
of the smaller mills have taken
moderate sized lines. The large mi
have not Is a rule been free buys
Of territorial woods. and the laI
mems wear worsted mills have c IA
ly figured in the business at all, I
wooden mills have been the princil
bu"ers. We have already alluded