The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-07-08
A TEST Of THE MARKET
Small Lots Sold in the Wool
Market.
PLAYING A WAITING GAME
A Spectator Pulls in q Neat Profit.
Seventeen Cents the Average
Price-Buyer May Has
Trouble.

Great Falls, July There was
semblance of activity at the wool mar
ket this morning, and quite a number
of sales were made, although the lately
developed tendency of growers to hold
back was shown by the presence of
small lots, apparently sold apart from
the main clip as test of the market.
The only speculator, locally, who APP
peared on the market lis John Andersen
OF this city, who, about a month or two
ago, made heavy purchases of wool
from the growers at an average price
or 10 cents. He is now realizing on his
speculation, as yesterday he sold for
l7R cents and to-day two lots for 171a
and 1875 cents respectively, turning his
purchases at nice profit Another
feature Of the market was the presence
OF an aggressive buyer, representing
the Boston end of London house, a
new concern in this market, and one
who may prove as much of stirrer as
the San Francisco buyer of two years
ago. The sales this morning were as
follows: ]. c. Fey, 10000 pounds, most
ly wethers and ewes mixed, to Brig
ham, representing H. C. Judd-Ro Co
$500 pounds, to Brigham, at 1914 cents
This was the highest price paid at the
morning sales.
J. c. Quigley, $4,000 pounds, to I. L.
Jonas, representing Wiley & Co. of
London, at 16% cents.
William Bruce, $4,000 pounds, to
Thayer of Whitman, Farnsworth &
Thayer at 16A cents.
Barrett & Connelley, p, 900 pounds, to
Jonas, at 1914 cents.
L. B. Stark of Gold Butte, $1,000
pounds, to Thayer, at 171a cents.
According to the wool men, this was
the cheapest sale of the morning, as the
fieeces were exceptionally light and fine
and free from grease and dirt and tags.
John Andersen, $1,000 pounds, to F. L.
circuit. representing Ballard G. Hall Of
San Francisco, at 171s cents; separate
account of eight sacks. about LOCO
pounds, to circuit, at 1915 cents.
c. S. Mcdonald, small separate ac-
count of seven sacks, 1,400 pounds, to
circuit, at 17A cents.
This morning for the first time this
year the buyers had their tale of woe
posted on the board. 1t read as fol-
lows:
Sellers are requested not to disclose
bids until the sales are over"
This request, if obeyed, is supposed
to prevent any bull movement during
the course of any given meeting or af-
ternoon. AS 1t is generally ignored by
the growers, who are beginning to see
that they are not working IL months in
the interest of the buyers, the request
might as well not be made.
The following sales are reported from
Fort Benton: The first sale reported is
that of L. D. Hugsley at IS cents, the
purchaser being jeremiah Williams &
Co. The W. r. Embleton clip has been
sold to the same buyer at II cents, and
the Evers Bros clip has also been Sc
cured at the same figure, 171a cents
straight, with no deduction for buck
fleece, etc.
Elder, the Schwartz clip being secured
at that figure by jeremiah Williams &
Co.
The only exciting incident of the wool
market reported yet was when E. P.
May, buying for the house of jeremiah
Williams & Co. of Boston, and the old
est buyer in the market, attempted to
put in bid on lot of wool. He was
Immediately confronted by several
other buyers, headed by Thayer who
claimed that he had violated some rules
of the buyers clique, in thatsshe had
bought clips outside of the regufar mar
ket and therefore could not bid in this
market. The other buyers threatened
that If he was allowed to BID in this
market they would quit and give
the market to him This did not seem
to phase May to any great degree. He
claimed that he had a right,cto buy
when, where and as he chose and he
proposed to exercise this right. He had
bought the Porter clip at Fort Benton,
and if any of the gentlemen desired to
pay him bonus for it, he was ready
to put it up for sale. Thayer contradict
ed him several times, calling him liar
and using other abusive language, but
May kept his head cool and so won out
by insisting that he knew his business
The quarrel rose to pitch that indi-
Gated a fight and there undoubtedly
would have been one had not May exer-
cised good sense. Then the whole thing
wound up in the proffering of profuse
apologies by Thayer and the others.
The secret of the row appears to be
that May has always been entirely indie
pendent of the other buyers and has
disregarded all combines. 1t is said
that he secured the Power clip at a
comparatively low figure, and this.
coupled with his independence in the
past, caused the i'll feeling that broke
out, several of the buyers now here
having expected that the Power clip
would be sent to this city and that they
would have an opportunity to bid on it.