The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1903-08-04
BOSTON REPORTS GREAT I'M.
PRovEMENT IN MARKET.
ALL MILLS BUYING FREELY
While Demand Leans Toward Me-
dunn and Low Grades-Higher
Grades Also Lively.

Boston's wool sales for the week
aggregated 8,72O,000 pounds. OF this
amount 2,260,OO0 pounds was terri
tory wool, which sold at from 16 to
20 cents a pound.
A large business has been tran
sacted in the wool market since our
last report was written, says the
American Wool and Cotton Reporter.
Some of the most prominent mills in
the country have been represented,
including the makers of both worsteds
and woolens for men S and women's
wear, and they have taken on, in a
few instances, large quantities OF
wool. Thus one we'll known Rhode
Island worsted mill was a large buyer
of Oregon and delaine %aeeces; another
mill bought freely of territories and
delaine. and a number of manufac-
turers have been liberal buyers OF
low grade woods, both in 1eeces and
territories. az
Demand for Medium and Low Woods.
The demand has been especially
pronounced for woods grading quarter
blood and below, in which class OF
stock a large volume of business has
been put through. 1t is figured that
fully three-quarters of a million
pounds of medium fleeces have been
disposed of at prices ranging from
to Csc. For territories the chief
demand has been for woods grading
,three-eighths. quarter-blood and be-
how. There is a good demand for all
classes of low stock, both foreign
and domestic, including South Ameri-
can crossbreds, New Zealand cross
breds, English and Irish woods, Dutch
pulled, East Indian woods, low pulled
woods. etc., and this feature of the sit
uation is apparently as marked on the
other side of the water as it is here,
so that an actual scarcity of low
woods is beginning to be talked about.
Certain it is that the demand in this
market for these low woods exceeds
the supply, and prices OF such stock
are firm with an advancing tendency.
Woods which can be obtained around
a third of a dollar or at 35@36c,
clean. seem to be taken with as much
avidity as any other class, and at the
London sales which closed on Wednes-
day of last week, it was the low stock
which showed the greatest degree OF
strength throughout the sales, while
merinos were heavy.
The Goods Market.
This condition of the wool market
reflects, of course, the proportionately
greater demand tor goods of the chev
lot and homespun order and the coars'
er fabrics in women's wear, than fol
the finer goods. Goods can be made
from these woods which can be offered
at a price which consumers will be
able to pay and which will net the
maker a tair margin of profit, and
judging from present indications the
demand for the medium and lower
grade of stock bids fair to be very
good throughout the season.
Staple Woods in Better Demand.
There is also inquiry for fine ant
fine medium wool, and some fair-sizet
h,,n;~oo, Lnc hnor lo~D ~, cvpnh cf0n1y
but as compared with the demand TO
the lower grades it IS not especial!
pronounced. Fine staple, especial!
delaine, has sold very we'll, and TO
staple woods generally the deman'
has ruled better, indicating that tn
worsted mills are willing to take hol'
and are willing to pay current prices
although they will not pay the e1
IRENE prices asked by some who hav
rather exalted ideas as to the futur
of wool. Clothiers are reported a
showing a little more interest i
goods, and a number of lines, especiJ
ly in woOlens, are reported as we
sold up; in fact, it is claimed that
number of mills making wool good
have taken orders sufficient to carr
them through until about the first {
November, but have not wool enoug
to last them longer than the end
August.
Mills Buying Freely.
AT this time of the year there al
quite likely to be large sales in tt
wool market. unless it has SO happe
ed that the mills nave carried owe
large stocks from The previous seaso
which they are not doing this summe
and as some very good orders ha'
been taken by many of the mills, Il
raw stock requirements of the latt
hA $3.50