Great Falls weekly tribune. [volume] (Great Falls, Mont.) 1894-1???, 1895-06-21
THE WOOL EFT.

Wool Arriving slowly at Great Falls
No Sales Yet Reports from the East.
Wool is coming in slowly at Great
Falls. AT the wool warehouse since the
last report only a few loads have arrived,
including 10 sacksfrom Ed HASTE at Sun
River, % sacks from the Cascade Land
company, 173 sacks from w. X. Flow
erree, 81 sacks from Cowell e. Sweeney,
and 5 sacks from Morgan Williams.
Shearing is now commencing generally
and in a Few days it is expected that
wool will arrive briskly.
There is a strong feeling among pro-
ducers of wool that better market condi-
tons will shortly prevail, and m promi-
nent wool man, who already has some
wool here. bet a suit of clothes the other
day that he would get as much for his
wool this year as he did last, when he
sold for IL cents. There have beer no
sales in Great Falls 60 far, and, indeed,
the season can hardly be said to have
opened here.
The season seems to have been earlier
along the Yellowstone, and several COM
plete clips nave been on sale at Billings
during the past week. Those that
changed hands and the prices paid are
given as follows: P. b. Moss, 8 cents;
Geo. w. Ash, 10 cents; Lake Basin
Sheep company, 81 cents; David Milne,
81 cents; j. Zimmerman, 81 cents, and
the Dlckey clip at 93l cents.
The following quotations on Montana
wool are given by Justice Bateman a.
Co. in their circular dated June 10:
Fine full blood Merjno(, 0 to il cents;
fine medium q BLOOD luerlno), 10 to II
cents; medium (No. l or 20 blood), IL TO
u cents; coarse (No. 2 or "a BLOODY
Shropshire, II to II cents. They speak
of the tone of the market as follows:
Notwithstanding the pressure to dis
pose of the ample supply Of foreign wool,
which is being pressed for sale at almost
the lowest prices on record, considerable
backbone has been put into the seaboard
markets by the very strong tone and the
active buying in many OF the wool
growing sections Of the interior. AL
though the clip must ultimately find it's
way to the seaboard for consumption
and its value be controlled by competing
grades of foreign, manufacturers are evil
IDENTIFY uneasy over the efforts being
made TO advance the price
of American wool. While they
profess to be skeptical as to the III
innate success of the movement toward
higher prices, they are forced to buy
more freely, and especially so in cases
where American woods are more suitable
than foreign substitutes. 1t has been
impossible as yet to obtain any advance,
as the heaviest buyers turn to foreign
supplies the moment domestic is 10
longer cheaper than foreign. The scarcity
of domestic and the reluctance of sellers
to part with it at old prices has I'M
doubtedly q%uickened the desire to buy,
and as the old clip is very generally sold
and the new only just commencing to ar
rive, the market is in the sellers favor,
but without any notable change in quota
tions.
The following, from the Boston Ad-
vertiser, shows the situation at the sea
board:
Some men with money outside the
wool trade appear 70 have been attracted
by the low prices of wool compared with
other kinds of merchandise, and took a
flyer of 100000 or 80 just to keep their
money employed. The fact that nearly
all other kinds of merchandise have FELT
the force of the better conditions in
duced them to take their chances on a
little wool, which they are prepared to
hold for a few months, and see how the
Investment comes out. There is no
doubt but the recent large sales lave
tended to strengthen values, and if man
ufacturers begin to stock up it will help
the market considerably. The mills are
quite well supplied with orders for dress
woolens, and will have to buy the raw
material sooner or later, but as long as
they eau get supplies at their price, they
will not pay any more.