The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1903-07-21

percentage OF ShOddy rather than
those running on all wool. The wool
market, as a whole, is considered in
a sound condition, and a good fall
business is being looked forward to
although the possibility of a pinch in
the money market IS recognized, but
business interests have so well anti
cipated this contingency that it's eff
fects are likely to be minimized. In
only one or two instances is there
any decided evidence Of plunging,
operations of wool merchants as a
rule having been conducted in a care
full, conservative way.
In Montana.
Interest in the interior has centered
largely on Montana where the new
woods have been taken at prices rang
ing from 15c to. 17hc, the latter for
nice, light, well conditioned wool. At
Great Falls sales are reported to have
been made within the range of 100
17hc. Some wool at Miles City has
sold at 17hc.
London Is Weaker.
While reports from the West Indies
indicate high prices, those from Lon
don do not reveal quite so strong a
situation. Merinos at the London
sales are unquestionably easier than
they were at the opening. On July 8
advices from London were to the effect
that a good supply of merino sold at
rates slightly below the May average,
and some merinos were withdrawn as
bids were I'D below sellers ideas.
Advices under date of July 10 were
that heavy grades of merino showed
a decline of 5 per cent, and ON July
IL it was reported that merinos were
easier and sold in buyers favor.
Crossbreds, on the other hand, have
ruled in spirited demand with prices
strong and hardening.
Texas, Georgia and California.
More interest has been shown in
the new Texas woods, and sales aggre-
eating in the neighborhood of a half
million pounds have been made at
prices ranging from TIC to zoe. These
comprised II months and eight
months stock, the former bringing
zoe in the grease, or 55k SIC. clean,
and the latter Hottie in the grease,
or 50@52c clean. In Texas the IL
months woods are pretty well sold up,
but of eight months woods there is
still a fair supply left in that state.
Georgia woods have come in for a
share of the business lately, and a fair
amount of wool, aggregating at least
10000 pounds, has sold at 23k @24c.
California woods are as quiet as
anything on the list. They are not
selling as rapidly as was anticipated.
They are quotable at 5O@52c, clean,
for good, average, northern woods.
Some of the new choice woods, which
cost fully 22c, landed, must, it is
claimed, sell for fully 55c, clean, in
order to net the seller any profit. Ore
gon woods are likewise quiet. Good
eastern, clothing and combing COM
bined is held at about SOC, clean, and
the last sale, as far as can be learned,
was made on that basis.
Territories.
Territories have been highly active,
some large lines having been moved.
The dress goods, as well as mems
wear wooden and worsted mills have
bought with comparative freedom, TAX
ing old Montanas on the basis of about
soc. clean, for good fine medium and
51@52 for fine wool. Utahs have sold
at 16@17kc. in the grease for fine me-
diums and 19c for mediums. These
were of course light shrinkage woods,
the fine mediums costing in the neigh
borhood of SOC, clean, and the me-
diums45@46c. Idahos have sold at
about the same price, and the fine and
fine medium Wyomings have been ta-
ken a soc, some strictly clothing fine
medium selling at 4S@5Oc. Sales OF
fine and fine medium Montanas are
noted at sic, clean. Strictly fine has
sold at 52@53c, and selected fine sta
pie is held at 53@55c, with some sales
reported within that range. Medium
territory has changed hands at 45@
47c, secured; if on the high grade it
has broukht 47c. The recent liberal
sales of old Montana have materially
reduced supplies of that kind of stock