The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1908-03-13

n S4sS V1sE ~
the better all around generally has its
beginnings in the raw material, that
being the first to experience any up
lifting movement.
But at present wool dealers are
waiting for the goods situation to be-
come i active, believing that
there must be Improvement In that d.
~rection before they can hope to sell
more wool, or to make contracts Of
any magnitude at profitable prices.
Sales now being made are either be-
cause Of the immediate requirements
OF manufacturers, in fact almost al.
together so, or because there Is prob
ability Of some future need and the
price Is low. AS for some weeks
past the pressure to sell is great, ex-
ceeding by far the desire to buy, and
as long az this condition lasts, any
steadying Of values is out Of the ques.
ton. In fact nobody seems to know
the value Of wool touay. All sorts Of
value Is put on the same kind OF wool,
in some instances estimates varying
eleven cents on the secured cost.
II buyers come in and manifest
more interest, then q basis can be es.
t%ablished. In the meantime only Ger.
tain specialties, such as fine feeces,
and in a measure good staple terri
tory, have q value. In other depart
ments the price depends upon the de-
sire Of the holder to unload
Low Woods Quite Active.
Last weeks feature, q demand for
llow woods, Is retained. Less quarter
blood has been transferred this week
than last, but southern woods have
changed hands in considerable guam
titles, including mississippi, Tennes.
see, Georgia. and other kinds at prices
ranging mostly from n to Is cents.
A larger movement in secured woods
Is also noticeable and some inquiry
for low territory in the grease. There
Is some inquiry for worsted woods and
not many sales, as supplies are small.
One large firm, selling quite . lot. Re,
ports that 80 per cent 81 Ito trading
was with the wooden mills and; dress
goods people.
Rumors Of large transactions in
clothing territory wool on the secured
basis Of half q dollar are not con.
firmed. Recent fairly large transfers
were on the basis Of IS cents and
slightly higher for strictly fine. Good
fine and hne medium has said this
week to q fair extent to cost SO to 81
cents scrubby and undesirable wool
has undoubtedly ben bought this week
and previously on the basis Of 80
cents, but no good wool can be Sc
cured on that basis as yet.
stsss Territory Wool.
More business than last week is re
ported by several houses, but the vol
ume IS not large, though exceeding
that Of last week. Most firms report
nothing doing in staple woods with
little on hand, but a fair amount Of
clothing grades sold. There Is still
q demand for low woods and some
sales have been made, but last weeks
transactions made q good inroad into
supplies On hand.
The market, 50 far as the sale.
made public are concerned, ID steady
There r plenty of rumors around o.
low prices being accepted. one Of
them being that q large line Of nnt
and hne medium, good wool, and
either Idaho or Wyoming, had beer
cleaned up on the secured basis Q
so cents. Their is no truth In the re
port, but undoubtedly there have beer
sales on that basis this week and last
but they were Of woods Of poor qualit.
and probably brought, under the cir
cumstances, ali they were worth.
The largest purchases by any on,
buyer, made during the past fortnight
have been largely on the secured
basis OF s. cents and slightly highe,
for strictly fine. This week there ar,
reported sales Of 10000 to 1876. 00I
pounds each on the basis OF IS to s.
cents, for fine and fine medium.
One firm sold 100000 pounds II
various sized lots Of fine and I'm,
medium at II to IS cents in th.
grease, the top secured basis tbeinl
: 60 cents. Other transactions OF TIL
week include 5000 pounds Of Idah'
threeeighths on the basis OF IS cents
3 half blood staple at 63 to 81 cents
and half blood clothing at around s.
. cents. In each case the latter price
r are extreme.