The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1899-07-14
NARKET RATHER QUIET
Only Few Wool Sales Re-
ported in the Last
Three Days.
BUYERS IN BIG TIMBER
Fort Benton and Great Falls Report
Some Great Salcs-Boston Quotes
Market Still Strong.

! ,The wool market has been rather
Lfliet in Billings since Tuesday.
Wednesday all tho buyers with the ex.
ception Of one or two went to Big Tim.
ber, where they bought up something
like 100000 pounds. The highest
price paid was IS cents, the lowest
being 1873 cents. The buyers returned
yesterday morning, but since then they
have not entered into the market with
the same spirit CT activity which has
heretofore marked their purchases.
But few extra good clips have been
placed on the market this week, aside
from the sales reported Tuesday.
Wyoming wool continues to come in
and Is being sold at very good prices.
The sales since our last issue were:
Jas. Elliott. 81. 200 pounds, at l756
CENTS, and 33. 900 pounds, at l5A
cents, sold to Nichols, Dupee g. Go.
and J. Koshlnnd & Co., the two clips
being divided equally among them.
John Wilson. $4,000 pounds, at ~
cents, to NioE OILS, Dupee & Co., ut pri.
vate sale.
". G. Jenizen, 4s, pounds, at
private sale, TO Nichols. Dupee & Co.,
at re cents.
Ed. Kennedy, $4,000 pounds, at IS
cents, to j. G.. Fraser.
Ed. Jenizen. 1900 pounds. at pri.
vate, sale to Nichols, Dupee & Co.,
at II cents.
l. d. O'Donnell, $4,000 pounds, ut
10 cents, to Harding u Coverly, who
are represented on this market by j. T..
Morse, who made his appearance here
yesterday.
John Cooley, $4,000 pounds at ls
cents, to D. G. Fraser.
-. Newton, Wyoming wool, 2s, 900
pounds, at l4$a cents. to Harding g.
Caverly.
Will Barclay, Wyoming wool, 20, 900
pounds. ut l3 cents, to Dewey. Gould
q Go. '.s.N
-Four sacks Of pulled wool went to
Hecht, Liebman u Co., at 15s6 cents.
The Montana wool market took
great stride Tuesday, when the buyers
ut Great Falls went to Fort Benton
and paid the highest price Of the sea.
son. Among wool sales were B. r.
O'Neal, $4,000 pounds, at 1879 cents;
Geo. Wack erin. $4,000 pounds, at l0lh
cents, both sold to Wiley g. 90. John
Wasesha, 1900 pounds at 1914 cents,
sold to Oroutt. The sale Of the
Wasesha clip at the figures named.
1873 cents, is the best price received
this year. Over 100000 pounds were
sold at Fort Benton Tuesday, but the
figures quoted above were the best re-.
ceived. All Of the wool was raised in
Choteau county. There IL still con.
siderable more to be sold at Benton.
The buyers are quoted as saying that
the wool was the finest ever grown in
Montana, and attributed the fact to the
superb condition of the range and the
nutritious elements of Montana =
grasses.
At Great Falls Wednesday the Gas.
cade hand company sold 84, 900 pounds
OF wool at 20 cents. About 425 900
pounds were offered and taken ut an
average Of over 10 cents, only one clip
bringing less than IS cents.
The American Wool and Cotton Re.
porter of Boston says editorially:
The salient feature Of the domestic
wool market Is that sen aboard merchants
are buying wool in the west ut prices
greatly IN excess Of those ut present
obrainable in Boston. New York and
Philadelphia, Purchases have been
made at figures which mean clean
cost of IS to 90 cents, whereas the
same grades are selling today in the
east at so to 81 cents, There ia no
denying that the outlook for n healthy
range of prices in the wool market ia
better than for years, and it il inter-
esting to note how quickly this obvious
fact has started the speculative spirit |
once more into life, The foreign situa,
tion is such a. to render it extremely
likely that higher quotations than
those yet witnessed will be reached in |
European markets. and this may be
expected TO treat very fav0rably on the |
situation here, II may be added, how,
aver, that th0ugh the wool trade are
paying large advances for their new
woods, the manufacturers are disposed
TO be still very cautious, They have
hoeH receiving larger orders tor goods,
and have consequently been buying
wool more freely than In the past,
~ the same time, there IL marked
absence Of that tendency which they
have displayed 10 frequently In past
years 10 buy rather heavily IN advance !