The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1904-11-18
WEEKS WOOL MARKET At BOS-
TON REVIEWED.
NO MORE CHEAP TERRITORY
Business Offering Is Greater Than
Can Be FiIIed-contracting
Still Continues.

- AO AL o |
i've. The election result was, OF
course, largely discounted, but as it
gives assurance of no radical change
in the tariff it's immediate effect upon
the market has been to further
strengthen the idea of holders, says
the Boston Commercial Bulletin. But
the principal influence of the week
has been the bullish news from
abroad, especially from priamry a
kets in Australia and South America.
Activity at Melbourne and Buenos
Ayres is pronounced, with American
buyers taking the lead in operations.
and thereby setting the pace OF values.
Owing to increased buying on Amer
lean account prices have advanced"
is the burden of news from foreign
producing countries. The markets OF
the world are advancing, stimulated
by the demand for the staple, which
at the present writing appears to be
as active as it ever has been.
General Mark Up.
Here is Boston the most immediate
effect of the rise in fine Australian
wool is seen in the general mark up
OF quotations for fine ~f1eeces, all fine
domestic woods having their position
strengthened in fact. But fine feeces
have not bulged from the quotations
of a year ago despite the advance IN
all other kinds of domestic wool, and
now they have been put on a higher
basis. In the absence OF business
both Xxx and fine delaine may be con
sidered nominal.
All other grades OF domestic wool
are firmly held, and some are higher
than a week ago, O~ne-quarter blood
having sold at 31c, the highest price
OF the year, and all pulled woods being
quoted on a higher basis. Specula'
ton is restricted only because OF the
absence of much of anything to spec
ulate with.
Two Sides to 1t.
The demand from manufacturers
has not beer active. Many of them
have their wants we'll filled. Some
of the large concerns have enough
raw material on hand to make then
.--A--1J, srIornndnnf onH fhf
small concerns are buying as the.
need supplies. 1t is evident that there
is danger in this condition of affairs
For with the large consumers out o
the market, and the small ones finding
it difficult to run their plants proht
ably with wool costing SO much, tn
legitimate demand for six months o
more, the mainstay of the market
may stop altogether. There are tW'
sides to the question just nov whicl
the plungers may do we'll to consider
The Mills.
There is nothing very new in tn
piece goods market or the industrla
situation. Most interest is in the III
ture and the prospects for the heavy
weight season of mems wear fabric
are what are being considered an
talked about. The aso should b
q big affair unless all signs fail.
Last years old fashioned winte
was the means of cleaning up close
than usual the stocks of both clot
and madeup garments. General bus
ness is reviving the country over, an
the consumption of clothing this viii
ter should be heavy. 1t looks a
though there was a large business an
fine profits in store for the mills the
have covered with raw material. VIII
the mills not so comfortably off WI
realize either in business Or profit
remains to be seen.
Foreign Markets.
The interest in foreign markets
pronounced. Advices from Australl
while still conflicting as to prices, a
agreed that the tendency is upwar
and that both fine and crOssbreds al
much higher than a year ago.
cable from Melbourne received in tn
city Thursday read that owing to
creased buying for America pric'
have advanced I'D. to Id. from tt
first quotations, making woods tn
sold at 12hd. at the opening of tt
season cost 13Ad. now. Good hit
Gas, close to 70s, are selling on
landed secured cost here of close
7Sc. The season is in full swing wi
American buyers operating mo
freely than European, and paying 6
.,oua rr;coe Eancv clins have so