The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-07-04
BILLINGS WOOL MARKET
Half a Million Pounds Has
Changed Hands.
EIGHTEEN CENTS HIGHEST
Tie Great Falls System of Sealed Bids
Has Been Adopted =. Arrange
ments Completed for
the Fourth.

Special Correspondence of the Standard.
Billings, July 1.-The increasing
strength of the Boston wool market was
reflected to-day, when about half mil
lion pounds changed hands. The max
imum price was 1885 cents a pound, at
which price about 100000 pounds were
bought by Mr.. Elliot of Boston, from
=. b. Moss and the Lake Basin Sheep
-ampany.
The other sales to-day We're $1,000 at
I3A cents; 100000 at Is cents; 10000 at
l77s cents; 10000 at 161a cents; 10000 at
l. cents; 5000 at 17A cents, and 5000 at
15h cents.
The sales during the week have
amounted to $4,000 pounds, and the
price has varied from 12% cents for in
ferior Wyoming to IS 1-3 cents.
The system which has been SO sue
cessfully pursued at Great Falls has
been adopted by the buyers here. and
wool is now purchased on the sealed
bid systm. 1t seems to have the effect
of making competition sharper and of
bringing better prices. The following
announcement was to-day issued by
the buyers:
Owing to the large quantity of wool
arriving at Billings and the large num-
Der of buyers at that point it has been
found necessary to adopt the Great
Falls system of conducting wool sales,
and the buyers have agreed to buy
woods under the following rules-these
rules being the same under which the
Great Falls market has become so pop
ular with the growers of Montana:
SALES will be held at the Northern
Pacific warehouse between 10 a. m. and
ha VQrI-
lington warehouse between p. M and
p. m. every afternoon, Sundays ex-
cepted.
"All buying is to be by sealed bids,
and no bid is to contain smaller frac-
ton than one-eighth of a cent.
"In paying for woods all merino and
merino grade buck fieeces are to be
figured at one-half the price of the
straight wool and tags at one-third the
price of the straight wool. Tare-Four
pounds per sack.
The grower reserves the right to re-
ject all bids. The buyer mas pay for
the wool on warehouse receipts or may
elect to have it reweighed, and pay on
reweights, as he may decide.
The sellers, on their part, guarantee
that their woods are honestly put up
and properly packed"
3 The Fourth of July committee have
about completed all their preparations
for the big celebration, and only the
finishing touches remain to be put on.
The citizens of Sheridan, Wyo., are
coming in force to witness the baseball
contest between the "Alkali Eaters
and their own players, and will doubt
less see good game. A citizen of
Sheridan, Hon. H. A. Coffeen, is to de-
liver the grafton. A fine fat beef, a.
S00-pound calf, beside other animals,
are lying on ice for the barbecue; a
large dancing pavilion has been built,
where young and old may disport them.
selves in the may dance. Then there
will be a civic and Indian parade, foot
races and games and some exciting
horse races. The evening will witness
the grandest display of fireworks ever
seen in the state, with a free ball for
the finale.
Hon. C. f. Day, eminent grand COM
mander of the knights Templar. paid
an official visit to Aldemar command
cry Friday evening and assisted in con-
ferring the templar degree on a can
didate. An elegant banquet was served
in honor of the distinguished visitor,
and a number of felicitous speeches
We're called forth by the various toasts
which were proposed.