Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1908-02-27
WOOL HOLDERS HOPEFUL.
Many Think values Have struck hot
tcm--A Little petter Feeling il
Goods Reported.

All local wool dealers admit that prices
nave suffered severely during the past
fcu weeks OF rather spasmodic and linn
tied trading but there is difference Of
opinion as to the extent Of the decline
md as to whether values have struck
bottom, Owe arc nearer q working basis
man for months. prices won't be any
lower in the near future" is the opinion
Of one prominent dealer, says the Bos-
ton Transcript. That or another Is
there is some wool selling. but prices
are resula ted bv the wishes and desires
Of sellers. those needing money most ac-
ccptins almost any reasonable bid,
prices, in fact cutting very little figure
wien tho desire to unload Is strong
Still another opinion is that thAsitua-
ton is getting to the end ~ thu beriod
Of depression. the demand imHfoving
With prospects OF a better ba Fincss
shortly. prices having struck boz om."
October consumption has steadiE de-
clined. each week Witnessing additions
70 the list OF Idle machinery in prac-
,ically all branches of the wooden indus
try. Recent careful estimates point 70
nor more than 20 per cent OF the ma
chincry OF the country being employed.
company admits the present TO be the
hardest season since the company was
formed and that 1t never ran so little
machinery as to-day, ~ pcr cent. or the
machinery being Idle.
Reports that there have been large
sales Of piece goods in New York this
week have been greatly exaggerated.
Still there is slightly increased activity
in men S wear lines, and better feeling
all around Many manufacturers report
getting moro orders. in some instances
Of fair volume. especially in the better
class Of goods. Spec ihcations on yarns
are more liberal. There is evidence that
during the past few days there has been
p turn for the better in the prospects
Of the industry. but no sudden rcsump-
ton OF activity is anticipated even by
the most sanguine, Even though r1oder-
ate the Improvement in the goods mar
ket is reflected in more generally
hopeful feeling among holders of raw
ma ,eria,. Should the improvement be
maintained and gather force. resulting
IN larger employment ~ Dachincry de-
mand for wool will increase and the
downward course OF prices be checked.
This seems to he consensus Of opinion.
even of those who have been and still
are bearish.
number Of buyers have been on the
market this week and moro are expect
ed as tho necessities OF mills dictate.
TWO or three dress goods manufacturers
have been operating and a prominent
spinner The latter has bought fair
amount Of Territory wool here and some
in Hartford Petwccn GOO 900 and 7no n0O
pounds are estimated as the total Of
this huvrr's operations in the two mar
kets This is in addition to other con-
sdera hle contracts closed previously ny
tho "a mo buyer. 4 feature ~ tho week
Is quite 4 movement in low woods, in
eiudinc Sood-sized sales. in tho aGgre-
gate ri territory. Valley Oregon and
Hoccos
PRICES NOT MUCH CHANGED.
Nor much change can he made in the
general run of quotations. basH on
prices obtained on actual transaf tons.
The principal weakness is in c1bthing
territory stock and inferior woolsSof all
exemptions. secured. pulled. cM&, New
Mexican secured woods. for instance.
held earlier in the season at g. cto 81
cents. are now freely offered at So to Il
cents. and not meeting with !, active
movement Such woods were valued too
highly and their present cost issnearer
what it should bc. q.
In greasy Territory woods the heaviest
transfers of the week are those Una dc
ny ono firm to a large spinner bout
4no.0no pounds changing hands n a
secured basis estimated at from & to 60
cents. It was Idaho wool largci and
the grease price is said to be aro hd 70
cents, and the actual secured costVprob-
ably not far from 81 cents No other
large individual purchases are made
public but there has been fair vol
nnlc Of small transactions. in one or two
reported that about 10000 pounds OF
Wyoming clothing have changed hands
and If. 90 pounds OF medium half blood
and threc-ciEhths. Prices on the latter
transactions are said 10 make the scour-
Cd cost about 60 cents for the half
blood and 81 cents for the three-cishths
Montana clothing woods that are held
at 81 to % cents are being cleaned up
as rapidly as possible at 70 to q cents.
The better class OF clothing woods are
being taken BY makers OF high grade
voolens and those with French machin-
cry on the secured basis OF 60 to 81 cents
for fine and IS to 81 cents for fine medi-
nm There are small lines of No. I
eastern staple Oregon woods loft. but
the interest OF buyers cannot BE- aroused.
The grade is quoted at = to % cents.
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