The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1908-06-26
Outlook % Much Brighter Tran Month
Ago and What Gains Have Been
Made Are Being Maln,ained-Most
Of Deals Are In Small Lots.

49, N7UT
not resulted in activity in sales, Q
Any better prices exaspt in a few e.
,saptional instances The improve
ment is slow, and 1t will evidently b
some time vet before the recover
from depression is complete. Still
there is more or less certainty abou
the corner having been turned. Their
Is no relapse apparent, what gain
have been made are maintained
Thus quarter blood sells at highe
prices than in May, and the position
OF staple domestic woods Of all kind
is strong.
Holders of fine Australian, which Il
scarce, are disposed not to accept tn
sacrifices which would be necessar,
were their property forced on buyer.
at present, but to wait till improve
ment is broader. The prices that car
be obtained for territory and Other
strictly clothing woods are still un
satisfactory and entail losses to own,
ers.. Holders say they find it impos
sible to educate buyers into paying
any advance. The best. that can be
said about these descriptions is that
the tendency is more in sellers ia.
vor. But holders would like to find q
customer for some round lots, OF
which there are many yet to be mar
keted.
Demand Runs to Staple.
AS the Worsted division Of the
wooden industry is the most active
the demand for raw material runs
strongly in the direction OF staple
wool. The stock Of these in territory
and other kinds of domestic is small,
and there is not, therefore, the OPP
portunity to test the market When
receipts from the new clip r larger
and warehouses begin to fill up the
situation will be defined. On much
OF the supply already bought by east
ern dealers an advance on current
prices will have to be obtained If a
profit is to be secured in the trans
fer. II when the woods arrive manu-
facturers are found to be in need Of
supplies an advance can no doubt be
worked. II on the contrary buyers
hold on, playing the waiting game, it
will be hard to establish higher prices
on q firm foundation. It will be seen
that there Is quite a little uncertainty
In the situation, and while the out
look is brighter than a month ago it
is by no means brilliant. Many mer-
chants fear that the summer and
early fall is to be a period Of uncer-
tainty and moderate trading, the cleo
ton excitement creating conserva-
tism. Tarif agitation it is feared
may also lead to an unsatisfactory
market through the balance Of. the
year. or until the question is settled.
With most interest in the west, the
local situation lacks important devel-
opments. Among the transfers Of the
week may be mentioned a large line
Of secured wool, and further transac-
lions in one-quarter blood fleece. There
are no reports of sales of fine feeces,
stocks Of which are light. A start has
been made in placing new Texas
woods, a fair amount Of which has
changed hands. A little new territory
has also been disposed Of. Most Of
the 3 weeks buussin.easg Is confined to
what may be called small lots,
But there are a few exceptions
where quantities Of fair size have been
cleaned up. Aside from the interest
In staple wool and the best class or
clothing stock there is no particular
tendency to the demand. Receipts !
are increasing, and shipments keep
up fairly we'll, though still far behind
the movement in the corresponding
period Of last year.
Foreign Markets.
e. .I |L a..EH Il
Letters from various Euronean
sources say that since the close OF
the London auction sales the markets
g wool and the manufactured pro-
ducts, have been quiet. Bradford re-
ports that the squirt in yarn buying
was purely speculative, and that the
spinner would be az well of without4
the orders. as particulars are not
forthcoming. Wool prices are weak,
and the tendency is toward a lower
level. both n merinos and crossbreds.
English woods are also nat.
fsxas Wool.
There has been more doing. One
transfer e Of 100000 pounds eight
months spring at 15c, the secured cost
being &c. There have been otherf
t~ransactions, the amount not given.
q 1e 70 lie for eight months also, on
which the secured cost is put at is
e SOC. Small lots Of fail have sold at
previous prices.
IA The State sof San Angelo woods
old late last week It LIN, to 1917
AA.SEA2EH-R-A -4S g. ..Et