The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1903-01-06

drawn from this showing is, that, il
there is a normal demand for WOO
in the course of the next four months
the clip of 1903 will come upon a mar
ket unusually bare of stocks of old
wool. What effect this may have
upon prices remains to be seen. There
il a point beyond which the price OF
wool cannot go without becoming
prohibitive. Where that point is de
Ponds on the purchasing capacity oil
the masses, how long manufacturers
can refrain from a very liberal use OF
substitutes and worldwide conditions
governing the supplies of wool and
their relation to the demand. In all
probability there will be a more gen.
erous use of substitutes in the manu-.
facture of heavy weights than there
was last year.
Texas, California and Oregon.
While Texas woods are not as &C.
tive as they were, there is continued
interest manifested in these woods
and a fair-sized amount of very fine
years growth stock has been sold at
zoe in the grease, which means a
clean cost of about 60c, the wool
shrinking two-thirds. Eight months
Texas is quoted at about 1Sc, at which
price some business is reported to
have been done, the woods costing,
| clean, close to 55c. Other woods have
been sold at a clean cost of 53c. Fur
Their sales of fall woods are reported
at 16@17c, in the grease, costing,
clean, 46@4Sc.
While California woods are general
ly quiet, the supplies of such woods
are so small that there is no difficulty
i'll securing asking prices when the
woods are wanted. Choice northern
spring of light shrinkage has sold at
22@23c, and average northern spring
at 100, and some business is reported
in southern woods at a clean cost of
50@52c. Defective stock even is get
ting we'll reduced and only a small
business has been transacted in this
class of stock at a third of a dollar,
clean. Some of the best fall woods
are reported to have sold at a clean
cost of 44@45c.
Oregon woods continue strong, but
they have not attracted much atten-
ton the past week. The supply is so
small that there is no special effort
made to force them. Some No. l east
ern has sold at a clean cost of SIC,
and No. 2 Valley is reported to have
been taken at a price considerably
above zoe, but this was choice wool
and not a criterion of the market. No.
3 is reported to have sold at a clean
cost Of about Acc.
Territories.
The trade in territories, While not
characterized by the purchasing of
any very large lines, has been a good,
steady one, with a continuous inquiry
for about all grades. There has been
a good call for fine as we'll as medium
and low territories. Some offers have
been made on some big lines, but they
have not yet been accepted, as they
are below the ideas of the holders.
There is inquiry for very fine Ne
vada, which is in limited supply. Such
stock costs about 5Sc. Good woods
shrinking over 20 per cent are held at
Ice in the grease. Sales Of strictly
fine staple territories are reported at
$4,000, clean, and of fine clothing at
53@55c. Sales of Montana have been
made at 2O@21c in the grease costing
about SIC, clean. These were OF
course staple woods grading fine and
fine medium. Prices on the clean
basis for territory woods may be quot
ed as follows: Fine medium clothing,
50@52c; fine, 53@57c; fine selected
staple, $4,000; medium territory, As
@47c; choice medium Montana, 40
4oC. fOr SCOuIeu loTIllOfleS Cu6Te is
a continued good request, and woods
of the No. 8 Colorado and New Mex
lean order sell we'll, and more bust
ness in this class of stock would prob.
ably have been done if the supply had
been larger. The prices of these
woods are very firm and sales of No.
l are reported as high as 47@4Sc
clean.
Receipts and Shipments.
The receipts of wool in Boston this
week, last week and for the CORE
spending week of last year are as
follows:
Ehic uraolz 9 2QQ haloc douaoctia. Q