The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1904-09-13
PRICES ARE GOING HIGHER
Territories Sold Up Closer Than Ever
Before in september-Large
Mills Heavy Buyers.

inward. the consistent outcome OF the
immense movement OF supplies during
the past two months, says the Boston
Commercial Bulletin.
Stocks for sale are steadily dlmln-
ishing, and there is at present a
smaller supply under the control OF
Boston dealers than ever before at
this time of year. Estimates are FOR
not owe 100, 900, 900 pounds and some
well informed members OF the trade
place the present available supply az
only $4,000, 900 pounds OF all kinds DO
nestle and foreign. Pile after pile. in
the warehouses is sold and only awaits
the word from manufacturers to be
shipped to the mills. Some will not
be forwarded till January next or
later.
Montana About All Sold.
Territory wool, comprising the bulk
of the supply, is sold up closer tina
ever before in September. Most houses
have disposed of all their Montana,
and it is asserted that close to 30
per cent of Boston's allotment from
that state has passed to the control Of
consumers. The purchases OF Utah,
Idaho. Nevada and Wyoming woods
are also closely sold up.
The large manufacturers are. OF
course, we'll covered. Many OF the
smaller ones are not, and it is a ques-
ton where their supplies are 10 come
from. for there is little left in h
west. Aside from what foreign woods
can be imported manufacturers Will
have to depend upon their current
holdings and what a be gathered
in here to keep their machinery run
ming until next June.
Strong Statistical Position.
1t is a very strong situation, sta
~tistically, and in every relation. 1t is
not surprising that higher prices are
predicted. A 70-cent market for hne
territory is not alone a possibility, but
a probability. The advance so far
and under the circumstances has been
slight. Dealers have not pushed up
prices, even though they held control.
They have been satisfied with a good
profit. They are merchants, not spec
ulators.
.z-A ~,only,e h,,cinncS ara
included large blocks of territory wool
in the bags and graded. The most i'm
portant deal closed was one of 4,O0O,'
900 pounds Montana transferred te
the American Wooden, company by
one large house. Fleeces are rather
} quiet. but manufacturers are keeping
in close touch with the market. They
: wish to know where supplies are 10
Gated.
} The weeks deliveries exceed the re
\ ceipts by over 1000, 900 pounds. 1t Is
a feature that very little is goine
to the Almost all the WOO
moving is on account of mill shipment
4 The Mills.
: The industrial outlook is encourag
ing. The orders on their books will
keep most mills busy for some time
:. Complaints of the very bad sort ar
not numerous. But it is the heavy
weight season to come that holds GU
:, the best inducements to activity. |
promises we'll and manufacturers hav
discounted it by covering with tn
raw material. The tendency towar
worsteds is marked. All makers Q
!, worsted goods and yarns have bee
active buyers of wool.
Foreign Markets.
London sends word that raw mate
rial keeps firm. Tuesday week tn
Y. September auctions will begin wit
N only 10000 bales to offer, and the 81
e. lection poor. They will last but a fe'
es days. Strong prices are expecte'
e. The offerings are to be so small ths
it is doubtful if there will be the o.
%portunity to manipulate prices in II
IN vor of a lower basis for effect On tn
d. colonies. At a %sheepskin sale the la
ter part of August merinos ruled fri
compared with July, and crossbred
- at par to 5 per cent dearer.
81 At the Liverpool auctions of Ea!
ii India wool to open the goth an a
ii vance of a penny is expected.
Ia The Australian markets will soc
ii open. There will be some additie
ii to the Boston representation. At Ad
ii laide, South Australia, the sales ope
Is September 20. Sydney will start du
ii ing the first week of October and Nj
IS bourne will follow on the 18th.