The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1904-07-26
WEEKS WOOL MARKET AS RE-
PORTED FROM BOSTON.
ADVANCE HELPS The MILLS
Increased Prices for Raw Material Of
Marked Benefit to Manu-
f~acturers.

good steady demand from manu1actur'
ers, and the volume of business closed
during the week is above the average,
but it is much smaller than last week
or the week before, says the Boston
| Commercial Bulletin.
Consumers such as the American
| Wooden company, Waushuck, Airing
ton, Pacific and other mills have had
their buyers on the market, but with
few exceptions their purchases have
been small. However, some good
sized lines of Oregon, Montana and
| other territory, and California woods
have changed hands. There has been
some trading between dealers also.
AS yet there has been no widespread
speculation, and as manufacturers
have during the past few weeks
bought with more than their usual
liberality a quiet spell occasions no
surprise.
Situation Is Cheerful.
There is certainly a very strong
market still and refusals to duplicate
transactions, while not frequent, have
been made. There are plenty OF sell
ers, however, at old figures and as
long as this is so a further material
advance in quotations is out of the
question. The general advance of 2k
to 10 cents in prices of new light
weight goods is a strong influence as
is the remarkably bullish close OF
the London auction sales.
1t is a very cheerful situation all
around and there are nc indications
at home or abroad of a change for the
worse. The advance in raw material
has not injured, but rather helped
manufacturers. Had it not occurred
it goes without saying that goods
would not have been marked up.
Increased Outward Movement.
For the first time since manufacture
ers began to buy heavily the move
ment out of Boston has shown a decid-
ed increase. The weeks shipments OF
nearly 100000 pounds are the big
gest of any week this year. The re-
as is quite natural at this season, con.
siderably exceed the shipments. But it
is worthy of note that a good portion
of the receipts is sold previous to ar
l rival, and will go into storage on man.
; ~ufacturers' account or be shipped di
rectly to the mills. The compare
lively small receipts of a year ago
: on the other hand, were stored in the
lofts of dealers to be held there await
ing a purchaser.
e The Mills.
The event of the week in. the in
dustry was the opening of a grea'
many lines of lightweight mems wea7
goods by the American Wooden com
pany and other producers at substan
tial advances in all instances. AS t,
- the reception given the goods opin
n ions vary, but the general report i
that they have sold well.
IT That the opening prices will I'm
r. doubtedly be the lowest of the season
as there is no present prospect o
lower raw material, should be an in
ducement to the clothing trade t
cover their wants. Besides the bus
ID ness in lightweights there has bee
1, fair duplicate buying of heavyweights
e Foreign Markets.
K The July series of London auction
sales is a thing of the past. TIL
CLOSING quotations were the highes
of the series. Compared with tn
r. closing rates of the previous serie
: merinos were 5 per cent, ~three-eighth
al Z hto 10 per cent, one quarter bloc
le 5 to w per cent, and braid woods ~
,e to 10 per cent higher. There wer
at 1000 bales bought for the Unite
n States. The Withdrawals were du
y to the high pretensions of the owners
* The offerings were not of the hes
lg quality, and the advance in prices
al much greater than had been expected
lie was, therefore, all the more surprising
Of The foreign wool situation is, indeed
to very strong.
lie There have been quite a number O
h, foreigners here this week, and a
I'd showing the drift of conditions abroad
I'd one and all reported that the tendenc
D.. was unq%uestionably on to the fine
grades of wool.
The latest mail report from Brad
ford says:
Notwithstanding the e~xceedin
IS keenness of the country wool markets
and the continued strength in Lo1
don, there is very little response here
"a TOnmakarS indnnd and n ooc;o~ =