Rosebud County news. [volume] (Forsyth, Mont.) 1901-1906, 1903-05-14
MARKET HAS BEEN ACTIVE, BUT INCREASE
mas BEEN At EXPENSE or VALUES.
MONTANAS BUYERS PRICE
Territory WooIs Have seen In Larger Move
ment

Last weeks sales of wool on the Bos-
ton market aggregated 6,405,OOO
pounds. In this was included $780,
600 pounds of territory, at from IA 10
1917 cents pound.
The marke. has been more active the
past week, but the increase in business
has been at the expense of values,
says the American Wool and Cotton
Reporter.
A large line of Idaho wool-about
100000 pounds-has been cleaned
out, as we'll as a few large lines of
Montana, which holders had become
tired of carrying and were willing to
let go at concessions from previous
asking prices. There have also been
liberal sales Of low wool-principally
foreign stock, such as English and
Irish, New Zealand crossbreds Can
ada combing and South Americans,
the average clean cost of this class of
stuff being 34@36c.
Want Low Grades.
What the manufacturers want ap-
pears to be stock spinning low counts,
or grading on the low side of quarter
blood. the high grade wools being COM
paratively neglected. Domestic braid
and common wools have been in de-
mand also, and more business would
have been done in these if there had
been larger stock, but supplies of
these wools have been pretty we'll
cleaned up. The Idaho wool referred
and was sold to a Rhode Island top
mill. The wool graded fine medium
and medium, and had been carried
since 1899. In that year 24c. is under
stood to have been paid for it. 1t was
sold by the party to whom it had been
consigned for 14c, it is understood.
The total loss on this line of wool, in
cluding carrying charges for four
years, commission, ETC., is said to
aggregate in the neighborhood of $780,
600. Originally this was very nice
clip, but there were some moths in it
when sold. The average clean cost of
this lot of wool is understood to have
been in the neighborhood of 4Oc, and
was regarded as good purchase for
the party who took it.
Irregularly Distributed.
The business of the week has been
very irrcgularly distributed in the
trade, only those having the few par
ticular grades of stock wanted being
able to consummate any business.
With most houses the demand has been
positively dull. Some of the wools
reported as sold during the past week
were really disposed of the previous
week. the details not having been re-
vealed up to week ago.
The large mills, including the Vans
kuck, Arlington, Atlantic, American
Woolen company, the Lorraine and
certain Philadelphia consumers, have
been in the market, but not all of them
have bought freely. The American
Woolen company has bought, but not
to the extent thought by some. Some
of the medium-sized mills have also
been in and have purchased small
lines, including pulled and secured
wools.
Prices Favor the Buyer.
Prices favor the buyer and the trans
actions of the past week have been at
the lowest figures touched this year.
Worsted manufacturers are not getting
much business and cannot be fright
ened into taking wool except at favor
able prices in spite of all the talk that
is INDUCED in regarding the strength
of the statistical situation of wool.
Consumption of wool has been dimin-
ished considerably with the increased
stoppage of machinery, consequent on
the cessation of orders for goods with
which to sustain operations at the
mills. On several lines the last of the
orders taken were woven out some time
ago, and on number of others the end
of the orders taken has almost been
reached. This means of course a con-
siderable restriction of output and a
decreased demand for wool except for