Rosebud County news. [volume] (Forsyth, Mont.) 1901-1906, 1903-06-18
BUSINESS IN WOOL APPEARS TO
BE IN SPOTS.
PRICES HAVE RULED FIRM
Territories Have Been i'm C0mpara-
lively Small Demand.

The wool IN arket is very quiet, says
the Boston Wool and Cotton Reporter.
There has, however, been more looking
a. ound on the part of the smaller mills.
and quite large number of sample
bales have been taken. These have re.
suited in very little actual business,
but they indicate on the part of a mum.
Der of consumers more disposition to
consider woos.
What business has been accomplis sll-
ed, has been in spots, most of the large
houses, as we'll as the smaller con.
Germs, doing practically nothing. Some
of the woolen mills are receiving fair
sized recorders and will buy at current
prices such wools as t ey need, but
they will not pay higher prices. The
worsted mills are still receiving an un-
satisfactory volume Of orders, and
there is much idle machinery on
Worsted lines. On medium grades OF
worsteds, here and there, some are
reported as doing slightly better, but
whatever improvement there may be,
is hardly noticeable. Some of the
small mills are reported as getting
down on their stock of raw material
and are willing to buy, but only in
small amounts and of such grades AS
they see an immediate use for. The
inquiry has been principally for.
medium stock. Medium territories
have proved quite popular-stocl> seil-
ing at from 45 cents to 40 cents, secured,
which enables manufacturers to make
good fabric and sell it at popula ar
price. Good medium territories will
bear watching. There has been also
good inquiry for medium pulled
wools-especially B supers-and also
Tor medium t1ecces. Fine wools have
been in comparatively smaller DEM and
the past week.
Prices have ruled firm on all kinds
of wool especially on pulled wools and
quarter and half-b,ood fleeces. At.
tempts to secure advanced quotations
generally result in checking trade, but
on the eecurrent levy prices are firmly
held in view of the high prices being
paid in the west, reports a reduced
yield in the domestic clip and the
strong advices received from abroad.
Dealers are still buying in the west,
although some of the eastern houses
have ordered their men to pull out for
awhile, dis prices asked are in many
instances too high for them to consider
But the new wools are being taken
about as fast as they are offered. The
wools are delayed in coming upon the
market, however, SO that there is no
accumulation worthy of note. In Idaho
prices range from 131a to 14H cents
and in Utah from Is to IA cents. The
new wools are selling at clean cost
of about so cealts, clean, and in some
cases even more, landed. AS to the
shortage in theeclip it is unquestionab bly,
over estimated by some. In the fleece
wool sections thare will be some short
age-in Michigan, Ohio and Kentucky
but it will be slight. Notwithstand-
ing some of the wild reports current, a
careful inquiry from Trustworthy
sources fails to reveal anything which
would warrant changing our estimates
OF the shortage as previously given
from $4,000, 600 to 40,GOO, coo pounds.
But. of course, with the very small
amount of old wool which is being
carried over this year, this is regarded
as ssgni ticant and emphasizes the views
of those who believe in higher prices
for wool later on. Then, also, there
are the reports from abroad, which in
dicate tirm markets in England ,dimin-
1shed supplies of both clothing and
carpet wools, and a further advance in |
prices at the next London sales, which |
will open July 7. at which the selec-
ticns will very likely be poor.
To sum up. therefore, tie situation
is increasing in strength.
and if the demand for wool was of any,
thing like normal proportions, there
can be no doubt as to what the course
of prices would be. But the demand is