The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1903-08-25
1Rh|kET NOT
VERY BRISK
!osroN REPORTS WOOL TRADE
As MODERATELY QUIET.
SALES OF TERRITORIES
sQpplIss Reduced and Statistical Pc.
sItIon of staple strons-Money's
Tlshtness Affects Trading.

St4l0n OF staple Strong-Money's
Tl0htness Affects Trading.
R8SsA weeks sales of wool on the
ten market aggregated 15,215,OOO
/ qSSnds. IN this was included 1890
~ pounds Of territory at from 16c to
Outwardly the wool market is very
a1yltet, = number Of merchants report
s4ng trade as very slow; but, as a mat
G$kersof TACT, a large volume OF business
= been transacted the past week,
$Behough most of it has been with one
large manufacturing concern-a we'll
s&kuown dress goods mill, say the
&sAmerican Wool and Cotton Reporter.
Large Sales Of Territories.
s3 This concern is reported as having
bought freely Of territories, taking
several million pounds of Montana
woods. The prices paid are not re-
vealed, but they are understood to
have been within the range of 10000
Ia the grease. The woods are mostly
purchased in the original packages, it
is understood, on orders executed
through mi or two large and we'll
known wool houses Of Boston, the
woods to be taken up through the
season as wanted. The buyer, it is
understood, takes out of these orig
inal clips such woods as he wants, and
the reflections are sold for the account
of the manufacturing concern referred
to, which, by the way, is also reported
to have purchased quite freely OF
fleeces of various grades. One or
two other large concerns are also re-
ported as having participated in the
buying, the result of which is that we
week which we have recorded for
many weeks.
The General Market.
Aside from the few purchases re-
ferred to, the market has ruled very
quiet the past week. In fact, as far
as the rank and file of the trade is
concerned, it has been the quietest
week experienced for a long time, and
in spots the market has, il anything,
been somewhat more in favor of the
buyer; that is, as far as fine territory
and certain lines of fine secured woods
are concerned, though there is yet
nothing to justify any lowering OF
Quotations IN any lines of woods; and
as far as medium and low stock is
concerned, the market is very firm
and sales have been made the pas
week at as high prices as have beer
realized at any time this season. Sta
sisticaly, the situation is very strong
but the money market is not in a
like to see it, and the announcement
of the shutting down OF a larg
amount of machinery for a period o
two weeks just at a time when tn
mills are supposed to be busy in e1
ecuting lightweight orders NATURAL
has the effect of making most person
conservative.
Supplies Are Reduced.
One the other hand, it is pointed OF
that the supplies of wool are reduce,
as compared with a year ago, bot
domestic and foreign, by reason
shortage in the clip, and with most
! the big houses shy of their usu
stocks of wool, it being estimated tn;
there are about 35, 0 900 pounds Lex
of new wool in this market than thel
was last season at this time, there Wi
be enough machinery running to tai
all the wool Offering this year; an
as far as the financial situation
concerned, the trade, as a whole, ha'
not owed so little money in quite
number of years. The feeling Wi
reference to wool, therefore, is st
one of strength, although here al
there can be found a holder of VIC
who shows slightly of wilin
ness to meet the view of the buyer.
Demand Is Unchanged.
The demand is still chiefly for t
medium and low grades, especial
quarters and braid woods, and B S
pers, of which the supply is We
small, and medium territories; but,
before observed, the demand is ter
ing somewhat more to the fin
grades, and several good-sized lin