The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1904-06-07
BETTER FEELING MARKS BOS-
TON WOOL MARKET.
EFFECT OF WESTERN PRICES
Old Stocks Well Cleaned Out With
Buyers Advancing Bids in
Some Instances.

The week cannot be called an ac-
tive one. Surface indications point
to a dull market, but there has been
a good deal of wool sold in a quiet
way, notably Of old territory, as was
the case last week, and it is certain
that the aggregate transactions OF
the fortnight have been quite large.
says the Boston Commercial Bulletin.
Dealers have been disposed to close
out stocks of old wool, and buyers,
in view of the excitement and high
prices in the west, have taken advan-
tage of this mood. There have been
numerous small sales to the smaller
manufacturers, quite a number OF
whom have been on the market and
all have bought more or less.
While prices are not on a par with
western quotations for new wool they
are as high as they have been for
some time past. No one is willing to
sacrifice supplies. There is, if any
thing, a firmer undertone. Buyers
have in some instances advanced
their bids. The improvement is
most noticeable in secured woods,
which have sold al slightly better
prices. Stocks are very low, not only
of domestic f1eeces, but OF territory.
1t is said that practically all of the
old territory wool has been cleaned
up by the transactions of the past
fortnight.
West Continues Lively.
In the west excitement continues.
Utah, Wyoming and Idaho are clean
ed up practically. Buyers are leaving
those sections or have left. Oregon
and Texas have been the centers of
this weeks greatest activity. Stiff
prices rule everywhere. There is a
great desire to own wool. In Oregon
fully SIC landed in Boston has been
paid, in some instances, and possibly
higher, while in Texas the extreme
limit has been SIC, clean, landed.
Nothing is heard from Montana. The
season will not open for some weeks
unless anxious operators, unable to
| wait, make contracts for the wool On
the sleeps back.
The Mills.
There is nothing very new from the
industry. AS is usually the case re
ports are not unanimously cheerful
Some of the worsted spinners are still
in the dumps and see no immediate
prospect of a resumption of activity
in the plants under their control. Or
the other hand the advices from SOM
sources are distinctly better. There
has been a gradual improvement go
ing on for a few weeks in the condi
ton of the New York goods market
For between seasons business is quit
good and the volume of orders recent
ly received has been of gratifying
size.
There are many mills in need Q
orders and still considerable idle ma
chinery, but there is less of the latte
than a few weeks ago. 1t looks no,
as though the up-to-date mills woul
have enough business to keep lhel
fairly we'll occupied during the sun
mer. From the carpet manufactu.
ers advices say that orders are bein
booked rather more freely of late.
Foreign Markets.
There is no appearance of weakness
at foreign markets. All recent a
vices have been of trm and confide1
tone. At London since the close
( the last auction sales prices then e
5 tablished have been sustained. {
course it is difficult to forecast VIII;
$ will occur at the fourth series
S sales which opens Juy S. Prediction
. for a further advance are, howeve
g made. The offerings will be 13O,0'
bales, as at present estimated.
S the corresponding series last We;
100000 bales were available.
The latest mail report from Bra
ford says:
l. "The close of the London wool sal,
:. finds the market for raw materi
: SITTER all round, with a decided a
l. vance in low and medium crossbre,
s at Coleman street. Topmakers he
are consequently exceedingly fir
I and there is a small but steady bu'
e ness doing. English staplers are bu
ing from hand to mouth in the cou
try, giving prices which they cam
obtain here, but in the eXpectati1