The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1903-03-03
seaboard rules higher than it is at
present.
Some Recovery Abroad.

0uSA - 10 SoAA4S ~ w
indicate that there has been some re-
covery from the depression existing
in that market at the close of the last
sales, and that people over there have
made up their minds that there is not
going to be such a slump as some of
theme were anticipating. Reports un-
der date of the 14th of February are
to the effect that there is more general
in the future than there
was Immediately after the close of
the last sales, and that the more
tone of the market is con-
tinuing; and it is 10Y expected by
some Boston houses having London
connections that the March sales will
be fully as strong as the January sales
were. Such advices are reflected in
a somewhat improved feeling among
holders of Australian wool in this
market, prices of which are very
steadily maintained, and during the
past week some good-sized sales have
been made at full quotations.
The Business Of the Past Week.
The trading of the past week in de-
tail presents few features of interest.
Aside from a few moderate sized
lines of territories and Australians,
the business has consisted, to a con-
siderable extent, Of odds and ends.
There has been a little business drib-
bling along nearly all the time, but
the consumer as a rule has shown
scarcely any interest in the market.
He has, however, not succeeded in
wringing any further substantial con-
cessions from holders Of wool. Do
nestle quarter-bloods are perhaps as
vulnerable as anything else to the eff
forts of those who are seeking to bear
the market. largely due to the fact
that good foreign woods, including
Australian crossbreds, can be landed
at prices which are fully as low as the
prices which are asked for domestic
woods. A domestic quarter-blood at
24c costs fully as much clean as an
Australian quarter-blood, and the lat
ter is in some respects preferable. and
it is but natural that holders of the
domestic woods should evince more
willingness to meet the views of the
buyer. Fine clothing woods, on the
other hand, are holding up very we'll.
Texas and California.
What little inquiry has existed for
Texas woods has been confined mostly
to the shorter wools-eight months
stock, on which buyers and sellers
are in some instances apart. Choice
eight months stock is held at 1870
1Shc, which figures are rather above
the ideas of buyers. Some wool is re-
ported to have been moved at about
1Sc, and a little choice years growth
wool is said to have been taken at
19c.
There is very little, if any, choice
California wool in this market, some
of the largest holders being practical
ly all sold out. In California, also,
the woods are we'll cleaned up. Prices
here are nominally unchanged. A
little choice northern stock has sold
at SIC, clean.
Oregon wool is dull and featureless
and in small supply. Nice clothing
wool is quotable at about SOC, clean.
Territories.
The demand for territory is decided
IL quieter, and most of the inquiry
which has been received, has been
for the clothing rather than the staple
woods. Some sales of nice fine me-
dunn stock have been put through at
soc, clean, and it takes an excellent
fine medium to bring owe soc, unless
it runs pretty we'll to staple. Manu-
facturers simply will not pay more
and are in no great anxiety to buy at
LndI uuOlullOu. OdlC0 VI INV l1C
medium Montana are reported at a
clean cost of 48@49c. Some short
medium Utah-about $4,000 pounds
sold at 1SRc in the grease, equivalent
to a clean cost of Acc. One clip Of
New Mexican in the original bags
eco, 900 pounds), containing both fine
medium and medium, sold at Ice
equivalent to a clean cost Of 4Sc. AS
before intimated. it is possible to buy
here and there, on slightly better
terms than would have been possible
a month ago, but there is as yet no
general lowering of quotations, espec
tally on nice fine clothing woods
Some are disposed to attach much i'm.
n%ortanca tO the ranOrts of the preoi