The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1904-02-02
BIG CONCERNS ARE BUYING
Territories Largest Sellers, compris-
ina Bulk Of Woods soId-Good
General Trade.

4 ~ AN WYNN ~ooASoOSON
pounds. Included were 5,250,OOO
pounds of territory at 14@19 cents.
Some of the large consumers, in
Guiding the American Wooden com
pany and the Wanskuck company,
have come into the market during the
past week and have purchased woods
quite literally, says the American
Wool and Cotton Reporter. Some Of
the Philadelphia worsted spinners
have participated in, the buying also,
as we'll aus some of the smaller New
England concerns, the total takings
for the week under review aggregat-
ing over 5000, 900 pounds.
The Woods in Demand.
The demand has been largely for
territories and quarter and three
eighths blood feeces-mostly staple
woods, although there has been a good
inquiry also for the shorter woods. Ger
tain large nsum have purchased
freely of staple territories, one con-
Germ taking on some large lines OF
fine medium Montana staple at a clean
cost of 48@49c, it is understood.
All classes of buyers have been
represented in the market-the mems
wear and dress goods mills, and wors-
ted, as we'll as wooden manufacturers.
The knitters have also bought to some
extent
Still Want Lower Grades.
The inquiry is still largely for the
medium or lower woods, although
there has been a more active trading
in fine and fine medium territories
than there was, especially the staple
clips. The long continued and steady
demand for medium woods has pretty
well reduced the available supplies,
and prices on this class of stock are
very firm-indeed, some sellers claim
that they have been able to realize
slightly better prices for these woods
i'm the past week or two. Some medi-
UNI unwashed Ohio woods are claimed
to have been sold even as high as
&c. which lis the highest figure yet
reached, but the bulk of the wool OF
this character has been sold at ESQ
25hc.
Prices Unchanged.
Aside form this tendency on me-
dunn woods, and the slightly higher
prices that some holders of combing
pulled wools have been able to secure
for their stock, prices show no change,
and the large lime of territories
which have been purchased the past
week have been secured at as low
prices as have ruled at any time
during the past six months. The tone
of the market, however, is now very
steady as to prices, and it is impossi-
BILE for the most careful buyers to Sc
cure any further concessions on any
thing, as woods are selling now (espe
cially the territory wools) at prices
which net the seller little or no prof.
and in some cases, it is believed, I
positive loss.
Good General Business.
On the whole there is a good ger
eral business in progress, GOVERNS
about every grade and variety OF stccl
in the market, from low stuff, sellin,
at about a. third of a dollar per pound
secured basis, up to Soc, including
fleeces, territories, pulled and scoure
woods. Foreign woods have ais
shared in the business going, SOM
good business having been pu
. through in South American cross
breds, which are firm, as indeed ar
all woods of quarter-blood grade, il
sympathy with the advancing ter
dency in London and in the Bueno
Ayres market. The latter is report
ed as very strong, and in the pas
two weeks prices there r claimed t
have advanced fully a cent per pound
London Reports Advance.
In London since the opening of tn
auction sales on the 10Th OF thi
month, prices on crossbreds are n
ported to have advanced I'D. pc
pound further with moderate pu
chases for the United States.
The Melbourne market closed Jal
nary 81. with takiHgs for America e
timated AIT about $4,000 bales. M
rfnos, abroad, while firm, show I
further advance. Prior to the Lo
don sales there were practically !
crossbreds in Bradford, and the nee'
Of the Bradford manufacturers a
considered as largely responsible f