Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1900-01-17
+. {. WRIGHT INTERVIEWED.
To Helena Herald Reporter the Fergus
County Banker Predicts twenty
five Cents For Wool.
Helena Herald.l


81 know OF two cases where east
ern wool houses have tried to con-
tract for 1900 clips OF Montana wool
at 90 cents per pound. What is more,
/ believe that n better price than 20
cents will be paid for some Fergus
county clips. Infact, l think as high
as % cents will be paid at Great
Falls during the coming wool sea-
son."
The speaker was F. l.. Wright,
cashier OF the Bank OF Fergus
County, who In stopping at the
Helena. He made this statement to
Herald reporter today in no idle
manner, but with the delibcration OF
n man of business who knows where
of he speaks. Mr.. Wright is not the
sort Of man to give vent to idle or
wild expressions, neither does he
seek newspaper prominence. lie
speaks ex cathedra, as Ii were, when
talking OF wool prices, for he makes
his home and has all Of his inter
ests In the banner wool producing
county Of the state. His connection
with one Of the leading financial in
stitutions OF Montana places him in
position to know the foundation
upon which are founded any state
ments he may make respecting busi-
ness conditions In Fergus county.
Mr.. Wright said 1t was an absolute
fact that wool houses were seeking
already TO contract for Montana
wool Mt the prices named. What
was more, he would not. 80 far as ho
was concerned, recommend to any
one OF hiS acquaintances engaged In
the wool business that they contract
to sell their clip for the year 1900 at
even the advanced price.
He bases his belief upon the in
creased price to be paid for this years
clip on the fact that the manufacture
crs are rapidly eating up the visible
supply Of the fleecy product and that
the winter bids fair to be mild. He
said that Mt the best the sheepmen
would not have to feed their flocks to
exceed forty days, while every one
had hay sufficient for two months
s.eady feeding. So far. none OF them
here had to feed pound of hay
The mildness Of the winter will re-
suit In long, heavy feecrs. assuring
an increased price. Last year the
feeces were light, but even then bet
ter prices were received. Mr.. Wright
said that the average price received
for Fergus county wool last year
was about 16 G-l0 cents per pound.
He looked for an average price this
year for that county's wool Of 70
cents, with some clips selling, an
stated, as high AZ - cents.
Besides the good times for the
sheepmen. Mr.. Wright said the MN
ing interests Of the county were look
Ing up. The operations of the cx-
tensive cyanide mining plant at Gilt
Edge had proved very successful.
The near future would see the erec-
tion OF another cyanide mill in the
same vicinity for the treatment
Of ores 10 he extracted from "A group
ni claims I'm the locality from which
the Gilt Edge company IL taking It's
ore. The new mill would be put up
by company that had bonded the
New Era mine In the same range of
mountains, and had recently closed
negotiations for group near Gilt
Edge.
All of these good times were not
confined to Fergus county. He be-
lieved the whole state had cause TO
rejoice from business improvements
and that the probabilities OF Rcpub-
lican success In Montana were bright