The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1899-06-20
SEVERAL WOOL SALES
More Buyers on the Market
and the Price Is Look
ing Up,
THEY ALL WANT WOOL
Aud Are Prepared to Pay a Good
Price-Demand lncreases-Fif-
teen Cents Refused.

Inc local WOOL market mas DeBun TO
liven up some aud IN a few days will
be on in dead earnest. The number of
eastern buyers has been augmented by
the arrival of several during the past
two or three days, among them being;
Geo, H, l., Sharpe, of Luce, Manning
u Co., Boston; Jesse Koshland, of ].
Koshland & Co.. Boston; and Daniel
Dewey, Jr,, of Dewey, Gould & Co.,
Boston, JOS Wing, who has been rep
lesenung Dewey, Gould & Co, here,
will 40 to Big Timber, while Mr..
Dewey will remain in Billings, With
the advent of these buyers, with more
yet to come, sharp competition is an
tioipated, They are after wool and,
according to eastern reports, are pre-
pared to pay good prices for what they
get,
The woolen mills of the east are run
ming full Oh orders sufficient to keep
them going for long time to come and
tho demand for goods is increasing and
prices for the same are advancing.
There can be but one result from such
a condition of things, That result
will be an increased consumption of,
aud al improved demand for raw ma
stocked with the latter, The American
Wool and Cotton Reporter says more
wool will be consumed during 1899
than for several years past, and it will
consist more largely of domestic wool.
The mills will either be obliged to buy
the wool or shut down and lose money,
IT the present tendency continues in
the goods market, and they can better
afford to pay the present advance in
wool with goods selling at current
prices than they could to pay the prices
current for wool six months ago, when
the goods market was dull and de-
pressed, Continuing on the same sub
lect, relating to territory woods, the
Reporter says that in the country there
IL an much excitement as ever, and
prices are advancing all along the line,
The first symptoms of the movement in
Montana are beginning to be- manifest,
In about two weeks from now the
scramble for the choicest clips in the
state will begin, and there are indioa-
tions that there will be the steepest
kind of plunging over the new woods.
II is reported that the wools are being
contracted for on the sheep's back at 10
60 l6e,, bnt the new woods which have
thus far come forward consist mostly of
the eaTly clips shorn uefore lambing
Since our last report several clips
have passed into the hands of buyers.
Offers of l5 cents have been made quite
freely, hnt growers have refused, being
convinced 4 better price awaits them if
they only hold un q little while longer.
But few complete clips are in yet, tie
wet weather having again delayed
their arrival, Several of the buyers
visited the sheep shearing pens on Blue
creek and Duck creek Saturday to in
speet wool and if possible purchase,
but no sales are reported from there
Ralph Berry on Saturday disposed
IF nearly 100000 pounds of wool
which he was holding in Boston, it be-
ing gobbled UP by Jos, Wing for
Dewey, Gopld & Co.,, terms private.
This is the clip bought of VIM. Rea in
this city last February at II cents, and
on which Mr., Berry had since been
offered and declined an advance of
w, 900. II is known that he made q
nice thing ont of the transaction
Jesse koshland, for J. Koshland & |
90, of Boston, bopght the clip of
Oliver Bessette of Park City yester-
day, There was $4,000 pounds and it
bronght l3 cents.
John s, Reed yesterday sold a5,O0o
ppnnd at Is cents to ], G, Guthrie for
Bros, of Chicago, The wool
is being shorn on Duck creek |
u, g. Fraser last night bpught three
clips rs follows David Milne, ll,OOO
PpHnds; I. S, Sperry, $4,000 pounds,
and Raipbrldge & Graham, $4,000
ppHpds, We are pnable to ascertain
the prices paid bpt the figures were