Rosebud County news. [volume] (Forsyth, Mont.) 1901-1906, 1903-06-04
FOR DOMESTIC WOOLS =. MOTH.
ING DOING IN NEW WOOLS.
TERRITORIES SHOW ADVANCE
But Holders Are Making No COnces.
eiOns in Prices.

Ihe market for domestic WOOL has
been quieter, but in foreign wools,
notably carpet stock. there Aas been a
much more active trading the past
week, says the American Wool and
Cotton Reporter. In domestic wools
the only stable transactions especially
worthy of note have been in medium
unwasned feeces, one or two large
worsted mills taking on some good sized
lines, notably of three-eighths and
half blood. In other lines of domestic
wools the trading has been much be-
low the average.
There has been more or less looking
around on the part of the manufacture
ers, but beyond lew sales made here
and there, subject to approval, consum-
ers have taken on but little wool.
Some interest has been shown in
such new wools as have come upon the
market here, but there has been moth
ing done in this class of stock to speak
of. Manufacturers do not talk in a
very optimistic way as to the future,
although this statement applies more
to the worsted manufacturers than the
woolen manufacturers. The new wools
are held at higher prices than the old
wools have been and are selling for,
but manufacturers will not pay any
advance for the simple reason that the
present condition and outlook for the
goods market do not warrant it, and
local wool merchants who have paid
such high prices for the wools in the
interior are not finding it an easy
matter to dispose of them except at a
loss. The reports from the goods
market are not as favorable as they
were week or two ago. Duplicate
orders on heavy weights are not of the
size which many of the manufacturers
had expected, and as time goes on and
the size of the recorders fails to make
up for the lack of the first orders re-
ceived at the beginning of the season,
the impression increases that the heavy
weight season, as far as worsteds are
concerned, will, as a whole, pass into
history as disappointment. A num-
ber of the wooien mills have, however,
full. The prospects for the light
weight season, which is now not far
off, are naturally engaging the atten-
ton of all, and opinions differ as to
how the season will open. There are
none or very few at any rate who are
looking for cny advance on light
weights, and quite a number who are
lower prices, while quite
d large number are expecting that the
season will open on about a parity
with last year. But until the prospects
for the approaching season are more
clearly defined, consumers are quite
likely to move cautiously in the pur-
chasing of wool. They will certainly
be very slow to pay an advance in
price.
There is another factor in the situa-
tion, however, which wool merchants
believe is destined to count for much.
That is the very strong statistical posi-
tion of wool. Old stocks on hand are
exceptionally small, both at home and
abroad, and indications are that the
yield of Australian wool will again
show decrease, especially r fine
wool. In Australia some spots have
been favored with rains, but there are
still large areas suffering from the
want of rain, especially in New South
Wales, where the size of the f1ocks has
been reduced so per cent. The large
losses of sheep in the territories of the
United States are being reflected in a
somewhat reduced yield already, and
it is estimated by careful observers
that the wool clip of the United States
will be noticeably smaller this year
than it was last year. Influenced by
such considerations as these, repre-
sentatives of eastern wool houses have
been buying the new wools more freely
in the territories and paying for them
prices which show an advancing ten
dency. In some cases prices have ad-
vanced 1c per pound over those current