, 1905-01-12
PR|CEST0 REMAIN
ABOUT At A LEVEL
WOOL DEALERS BELIEVE THERE
WILL BE LITTLE CHANGE IN
MARKET FOR A TIME.
10 Large, Mill Machinery
Fully Employed and Goods Market
Quite Observation-Disclosures is
That Cheap Cotton vii Help in
Manufacture Of Cotton and Wool.

Manufacture of Cotton and Wool.
Boston, Mass, Jan. 12.-Wool deal.
ers generally believe that prices will
neither recede nor advance materially
for some weeks. Consumption is so
large, mill machinery so fully employed
and the goods market so encouraging
(price advances having been made
without restricting b%usiness) that wool
Is likely to be absorbed by mills not
yet fully supplied as fast as 1t comes
in during the winter months. and all
are expected to be In the market again
for their next seasons supply. On the
other hand, the $4,000. 900 pounds of
foreign wool brought to be imported
during the next two months, with the
SIS, 900. 900 pounds more or less on hand
to be augmented by a domestic clip
Of probably 2SO.O 600, 900 pounds between
Feb. l and July l, will make an ag
gregate Of over 400, 900 900 pounds to
meet the demand of the coming eight
Or ten months. The volume Is con-
sidered sufficiently large to prevent
any material advance in prices above
the present level.
Cotton is likely to be Sc cheap dur.
ing the coming year that much Of it
Is sure to be used to cheaper the cost
of wooden and worsted goods. A prom.
inent dress goods manufacturer re
marked recently that many people
would wear cotton and wooden mix
lures for all-wool during the coming
year without knowing it and would be
Just as we'll satisfied. This will un.
doubtedly be a factor in decreasing the
demand for wool.
The year starts with a pronounced
falling of in the receipts of domestic
wool. receipts at 1.4O6.4s pounds be.
ing about 1000 900 pounds less than
for the corresponding week last year.
Foreign wool. however, continues to ar
NV III &c StuAi SSSiPe tN>
week reaching 1.759.1 ITS pounds.
The market remains strong. with
sales Of nearly $500, 900 pounds last
week, all in small lots for ~piecing-out
purposes, and at prices as high as have
been paid this season. Both large and
small mills have been among the buy
ers. Many dealers could have dispos-
ed Of their entire supply. but have
held onto enought choice lots to pro
tect their best customers. This is done
in some 8 by putting a prohibitive
price on holding. Demand now runs
to territories. choice fleeces. secured
woods, pulled woods and English staple.
mainly because these grades are the
ones from which any desirable assort-
ments can be secured.
The dealers who dropped 1000, 900
pounds Of wyoming have disposed of
more small lots of territories. another
house has sold the balance Of its Mon,
tana and some small size sales Of Ida,
hos, Utahs and Nevades have been
made at 25c for the Montana. % to
rs cents for the Idahos and IL to 20
cents for the Utahs. The clean cost
o: territories Is now: Quarter-blood'
So to 60 cents; threeeighths blood, 60
to 81 cents; h%alf-blood, 60 to 60 cents;
fine medium clothing, 81 to "a cents;
fine, IS to 68 cents; fine staple, 6S to
70 cents.
Most of the Wyoming bought Of late
will cost fully 10 cents clean. AL,
together $50. 900 pounds Of territories
have sold. The contracting for the un
shorn clip continues. purchases being
reported in Idaho at 16 to 16h cents
while around Billings. Mont. n Bos'
ton house has bought 1000 900 pounds
and other local dealers are operating
on q basis, 1t Is said, Of 10 to 20 cents
Report has 1t that a Montana specula'
tor has accumulated SOC. 900 pounds on
the sleeps back. About 2 $4,000 pounds
Of Texas fall wool has sold at 10 to
20 cents, or IS to 81 cents clean. good
twelve months stock Is quoted At 81
to e5 cents ciean. but stocks are yer,
low.