The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1903-07-07

Of the territories. There is in fact
much more wool in the interior. today
Than there was a year ago, as hold
ers' ideas have been too high, AID it
would not be surprising if there was
E5ore colsigs ~ WI this year thar
last. Sich OF VIC ny woods as have
sold here thus tar are OF light Shrink
age stock grading mostly fine and fine
medium and they have been taken at
a clean cost of about SOC, possibly
SIC for some. The sales at Baker
City, Ore, have been unsatisfactory,
and have been postponed until the
middle of July, owing to the deadlock
between buyers and sellers. The
woods at Ontario, Ore, have moved
slowly, such woods as have been sold
| commanding - to 14%c.
Merchant Is in Doubt.
In view of the quiet condition of the
goods market, and the not altogether
satisfactory reports which are being
received as to the outlook for general
business, and the uncertainties attend
ing the financial situation, on the one
hand, and the relatively high prices
at which the new woods are being
held in the interior on the other,
which renders it impossible for them
to. be purchased and sold at a profit on
today's seaboard market, the wool
merchant is at a loss to know what
to do. If he could be ure that the
nature and extent of the demand
for fabrics was to be such as to war
rant higher prices later in the year,
he would not hesitate to go in and
buy more freely of the new clip.
Texas, California and Oregon.
Texas woods are a little more active
in the local market, some sales hav-
ing been made, it is claimed, at zoe
for very light and we'll conditioned
stock of years growth. On the secured
basis sales have been made within
the range of 52@55c. In Lampasas,
Texas, buyers have been paying
| l6Mc for IL months woods, and in
San Angelo 16@16kc for IL months,
and 14c for 8 months. Only a portion
of the clip has yet been sold, how
ever, and the buyers on June 25 all
left San Angelo, leaving there 1,5O0,-
900 pounds unsold. A portion OF this
amount, it is understood, has since
been disposed OF.
California woods are quiet. Only
some small lots have been disposed
of. New woods have not yet been
bought in any quantity here, and
prices are nominal.
Oregon woods in this market have
shown practically no activity Ad-
vices from Oregon, as we have already
shown, indicate that the new CLIP
has moved with comparative slow
ness, the buyers being unwilling to
come up to the ideas of holders.
+= I'd. .~ Territories.
Territorial woods have been more
active the past week than for some
time previously, some good-sized sales
of old Montanas and OF e. Wyom.
ings already referred to, having swol
len the volume of the weeks business
materially. Prices are steady, but
not quotably higher on the secured
basis. Some old Montanas have solo
as low as at any time this year, bring
ing 1S@18hc for fine medium, staple
or in the neighborhood Oh soc, clean
We note sales of close to a million
pounds at those quotations. Anothe.
sale of about a half million pounds o
quarter-blood Montanas and fleece
around 42c. A sale of a good-sized lin
of new fine medium Wyoming wa
made to a Philadelphia mill. TIL
terms are private but the clean cos
is understood to have been about SOC
and the amount about onelhalf millio
pounds. Included in the sales of tn
y week were 100000 pounds of old fin
medium Idahos at prices ranging fro1
Is to Ice, equivalent to a clean cos
of 4S@5Oc
One lot of old Montana-about 800
- 900 pounds-Was sold at 18c. to COS
45c, clean. In September, it
GAINED, the holder could have o.
t2ined 18Ac for this wool. 1t grade
= three-eighths and half-blood. This
claimed to be one of the best trade
for the buyer which has been made
this market for six months. The a
- erage selling prices, clean basis, Fl