The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1904-06-14

year. The statistical situation is
strong. There is a short supply
abroad and no chance OF heavy p
tations. Our own CLIP is not large,
and manufacturers will have to depend
upon it to keep their machinery NOV
ing. The old clip is cleaned up not
wlthstanaing that inucn machinery
has been Idle from Line to time DUR
ing the year, and rnat foreign aAd
domestic substitutes have been treeiJ
used.
The worlds supply is snort and o.
this basis wool is lot dear.
The Mills.
There have been no important de-
velopments in the goods market and
news from the mills is not very STIR
ring. Perhaps the best feature is
that the heavyweight eason is turn
ing out better than expected, and that
the recent advances made in prices
have not, to any noticeable degree,
checked the demand.
AS to the new light weight season
little has been done in the way OF
obtaining contracts. Manufacturers
are in no great hurry to open their
lines. AS to prices, judged from the
wool outlook, they should be higher
than last year. Goods are too cheap
and should not be cheaper. On the
contrary they should be higher.
If the weather has anything to do
with the volume of business in new
light weights it should be heavy, judg-
ed from past experience. The cold
and severe winter did not increase
tn sale Of heavy weight fabrics as IT.
might be expected to do. If, there
fore, things go by c%ontraries, u
present cold and unreasonable spring
should mean a good distribution of
light weight fabrics to fill next years
consumptive requirements.
Foreign Markets.
Advices from foreign sources are
very bullish. There is no mistaking
the upward tendency of prices every
where on the continent and in Great
Britain. While the manufacturing in
dustry is said to be not much better
than in this country wool is advanc-
ing because the supply is small and
everybody short. At the next London
auction sales in July the offerings
will be limited to only 100000 bales,
or 10000 bales less than last year.
After the July series there will be
two nor this year, one opening Sept.
20 and the other Nov. %. At the for
mer it is estimated that about no.
900 bales will be available, and at
the latter probably 100000 bales. Thus
there is only 100000 bales available,
including everything till next January.
OF the offerings in July 10000 bales
will be crossbreds. But there will be
a good deal of poor wool, slipes, etc.
Without the assistance of American
buyers it is predicted that prices
will go up. A 10 per cent advance
is now the expectation of many. The
series will last but a week.
The latest mail report from Brad
ford says:
1.-The market showed no special
change from Thursday, except that
the slight recovery in merinos has
been fully confirmed. The improve
ment in this direction, however, so
far means not SO much any increase
in consumption, as the fact that users
are either willing or have to pay a
little more than they did a fortnight
ago. Buenos Ayres woods, which
have all along been relatively a little
sitter than merinos, remain very
firm, and all fine crossbreds are also
very stiff. There is no tangible fur
Their appreciation in imported woods
of medium and low grades, but
like homegrown sorts, they are very
steady in value, with any tendency
to change against the buyer. AS to
mohair, there is some talk of more
business just recently in both Turkey
and Cape at the source of supply,
but the very low rates which have
been ruling here have not come up,
except to a very trifing extent. AL.
pacas remain steady.
$50 far as the export yarn branch
is concerned, the obdurate attitude OF
to cause tension. Merchants cannot
yet get customers to pay the present
schedule of spinners, but the latter
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