The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1908-02-14
Reports Indicate 1 Failing on In Con-
sumption q Mlls-Holders Of Ter
rltory stock Inclined 70 Unload
Small Sales Of Montana.

SIT&
sized transactions in clothing terri
tory stock and New Zealand cross
BREEDS at low prices, forced sales in
about every instance. Profits have
been sacrificed in the effort to unload,
several of the transactions showing,
it is said, a considerable loss to the
seller.
The market is a buyers affair on
about everything in the line Of do
nestle wool, but fine f1eces and staple
territory. Fine Australian woods are
also Arm. They are In small supply,
very little old being carried over, and
the receipts unusually small for the
time of year owing to the limited ex-
tent Of direct American purchases in
the Colonies.
Reports from the mills indicate a
falling OF in consumption Of wool, and
still further curtailment is expected.
The wool trade seem to be facing a
period of quiet in marked contrast to
the activity Of the previous two years.
Still there is promise Of a fair de-
mand for good woods, and on these. it
is believed, that no further serious
shrinkage in values can take place.
A Desire to Unload.
There are more sellers than buyers
of clothing woods, and holders Of such
territory stock are inclined to unload
on the best possible terms, there
being nothing in the future that gives
hope of a better market. Still values
have sustained a severe break from
the high point of last year, and on
this account, with a continuous of
firmness abroad, it is thought that
prices are close to if not actually on
the bottom level. 1t is a r%eassuring
fact that a trading basis has been
reached, the fairly large transactions
Of the week testifying to this. It can.
not be said that prices show much
change from those ruling a week or
two ago, and at which some holders
were then ready to sell. The change
is seen in the greater number of sell.
ers, who are now willing to do bust.
ness on the basis then established.
The secured basis of SIS to 81 cents on
fine and fine medium clothing terri.
tory woods is more universal. There
is less talk of go cents and more. In
domestic wool the strongest feature
is fine feeces, both delaine and Xxx
selling this week at as high figures as
have been obtained during the past
four months. A sale Of choice I'm.
merchantable Ohio at 80 cents is
worthy of notice as showing no cas-
ing of in that grade.
Territory Wool.
A good amount Of clothing woods
including Utah, Idaho, Wyoming and a
little OF Montana, has been cleaned up
on the secured basis of s. to 81 cents
for fine medium and fine. From IL to
is cents was paid for fine, in some in
stances, and prices range up to q
cents.
1t is asserted that fine Montana
clothing has sold at IL cents. Woods
with any staple will bring 81 TO &C
cents clean, and it is said that good
fine medium has sold to cost so cents
and that good fine will bring 65 cents
Most authorities, however, agree thai
nothing but strictly staple can be solo
on a secured basis higher than g
! cents. Small lots Of medium have
changed hands at "a to 26 cents, in
Guiding about 10000 pounds choice
| Wyoming at &c cents.
oregon Wool.
Supplies of eastern staple and cloth
ing are much reduced and no sales
are announced. The demand is aboui
as quiet as the sales are small. Quo
tations are entirely nominal with 2:
cents asked for staple fine.
California Wool.
There is. a larger business reported
Several fair sized lots that have beer
under negotiation for some time hay,
at last been placed. Good northern
woods Ire quoted at "a to rs cents
and middle county at II to 10 cents
The secured cost is 60 to 81 cents TO,
the former and SIS to 81 cents for tn,
latter.
Texas Woods.
Fine twelve months sold at Is cent
and fall sells steadily at is to 2.
cents. The secured cost of the latte
Is estimated at so to So cents for thu
best.
Pulled Wool.
Most of the transactions are IL
small lots and include AS, BIS an,
C's. Buyers are doing q good dea
OF shopping and taking samples. TIL
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