The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1903-11-10
ARE BUYING VERY LITTLE
Manufacturers Placing Very Few Or
ders Because Of Light Demand
for Finished Products.

pounds territory. The latter brought
5000 cents a pound.
Slow and Disappointing.
The market continues slow, and, on
the whole, disappointing, says THE
American Wool and Cotton Reporter.
Trade has not materialized to the
extent anticipated on territorial woods,
which are in quite Urge stock here,
and while prices are largely nominal,
on some grades the situation is GER
tainly favors the buyer.
The reader, however, must not con
clude from this statement that there
is any general pressure to force woods
on consumers, for, the latter, in spite
Of the quietness which has so long
prevailed, do not find it an easy mat
ter to secure concessions from hold
ers which amount to very much. A
good cash customer on certain lines
fof wool which are in good supply here
would naturally find it possible to do
slightly better than he could have
done a few weeks ago, but there is no
general giving way in prices.
Manufacturers Not Buying.
Manufacturers, except On quarter
bloods and low woods and on strictly
fine woods, are with difficulty induced
to buy at any price. That is to say,
- L--A il. ...+%o. ~ Y,yeioo which iC
determining their action. They are
simply not buying because, as they
saw. they do not need the woods. The
extent of the orders which they are
receiving for goods does not justify
any further purchases of wool to
amount to anything, just at this mo-
ment. A manufacturer may receive
an order for a certain class OF fab
RIGS, calling for certain grades OF
woods. and on some of these grades he
NAV be a little short. He will in that
case come into the market and cover;
but he will take no more than ne
wants; and as the goods which have
been in most demand do not call for
the use of the higher grades, the de-
mand for them is correspondlngly
slow.
Fine Medium Slow.
Fine medium stock has been COM
paratively slow in the wool market.
The lightweight season, especially
with the makers of mems wear WOrs-
teds. has not been a remarkably sue
cessful one in point of volume, thus
far; but there is the recorder demand
to be heard from soon, and 1t is quite
possible, when this sets IN, that there
will be a better demand for wool. But
for che time being we hear OF no sales
of any consequence being made, ex-
cept by one house, which succeeded
in moving a fair amount OF wool, both
territory and f~leeces, it is understood,
to a large consumer.
Prices.
While prices are apparently main
tanned, advices from abroad would in
dictate that the upward tendency has,
for the moment, at any rate, ceased.
In London the market is quiet, and
while holders feel firm, wool users
feel it to be quite a strain to pay pres
emit prices. and there is apparently a
feeling, judging from the news from
abroad, that ON the lower grades or
wool, the markets on the Otner side
can only with difficulty be further ad-
vanced, and yet some careful and con
sentative observers OF the situation in
the Boston market claim that the de-
mand from crossbred woods will con
tinue good for some time to come. In
South America, on the other haid, at
he sales, which opened October LIZ,
prices have declined 1c per pound
since the opening; and the latest
news from Sydney, Australia, is to the
effect that prices are off kd. per
pound from the opening; this OF
course applies to fine woods. A cable
from Adelaide, dated October %,
stated that 10000 bales would be Of
fered November 2, anu that this sea-
sons clip would be better than last
seasons.
The Demand.
The woods which have sold best in
the local market the past week have
been those grading below three-eighths
blood, although there is some inquiry
for strictly fine stock.
Q~uarterBloods have sold fairly well,
although the demand is not large for
anything. and for fine medium it is