Fergus County argus., 1902-01-22

other in the west quite freely. Call
fornia wool was sold there at 9 cents
for San Joaquin and II cents for best
FED Bluff wools. Eastern markets
were generally quiet in May, attention
being centered on the west.
Better sales occurred the first week
in June and the mills began to sit up
and take notice. Indiana opened at
lS cents to farmers and fine washed
opened in Ohio at % cents to the farm
er. Fine medium Idaho of new clip
opened in Boston at SO and 40 cents
clean. The mills began to start moro
machinery.
Texas wool of new clip sold in Bos.
ton at l3 and II cents for eight
months growth and 1G cts. for'year's
growth. Many of the shorter spring
wools had been picked up in Texas
at loIs and II cents. In Ohio COM
petition put up the price of new best
washed fine woods to 25 cents to farm
crs. Hamilton county wools in Texas
were sold at IA cents. The Montana
wools of the Chamberlain Sheep Co.
held for II months in Boston found
purchaser at 1G cents.
July opened with decline in Lon.
don. much to everyone's surprise.
American mills began to get better
and better orders, and slight advances
over opening rates on cloths were OBJ
tanned Wool in Boston improved
slightly in price. Old staple Montana
brought II cents. New eastern Ore.
gon was sold in Boston at lii2 cents.
America began TO buy wool in London
and the decline there was arrested.
Montana opened there at liz and 1Sla
cents. New Mexico opened with the
sale of the Otto and Shelter clip there
at12S and 1874 cents. Humboldt
wools advanced in California to 1G
cents. Montana wools at Great Falls
brought Is cents.
August opened with active sales and
free shipments. In Montana the top
notch was reached with sale at Is *
cents. or l7Is cents delivered in Bos-
ton. Yarns advanced. Cloths sold
freely. The big business in wool at tho
opening of the month was followed by
luil. The stock was too large TO pur.
NIT of any great advance in prices,
Tut good healthy business prevailed.
Textile centres in Europe showed a
slow improvement. In the middle of
the month the pricese on staple light
weight worsteds were advanced five
| rer cent. Shipments averaged over
six million pounds a week. One rec
ord sale OF northern Texas was made
at 10 cents for a select lot of strictly
twelve months growth. This extreme
price has not since been equalled.
Prices stiffened but did not materially
increase. Old stocks from all over
the United States were shipped east
tc the seaboard.
Heavy sales of new Montana at
prices that ran as high as 1Sh cents
for a choice lot of light medium wool
signalized the opening of September.
The assassination of President Nc
Kinley naturally checked business.
but prices remained quite firm. The
pressure of the demand for genuine
fine woods of the Nevada type con.
tinued. but the nations terrible loss
absorbed general public attention
The opening Of the September sales
ir London at an advance of ten per
cent surpassed even the best hopes OF
the hopeful and helped to steady the
market. Wool continued to pour in
from the west. The attempt to bear
the market on rumors of cutting duties
on Argentine wool was quickly block
ed by the published proof that no such
treaty could pass.
October opened with very quiet
market and much smaller shipments
The prosperous conditions of wool and
woolens again stimulated imports
which began to increase. Sensations
ally high figures for Montana and
Texas were-no longer paid. Prices die
not exactly slump but sellers became
decidedly less rigid in their views
Australia opened with prices about Il
per cent above those of the opening
of 19Oo. The demand for medium
yarns stimulated all kinds of 4 blood
wools. including South American, and
considerable was worked off. Wash
ed neeces remained stationary at lit
tie better than lowest spring rates
and little was done till the very last
OF the month. Then the big corpora
tion decided that wool had actually
struck bottom and started TO buy. Tho
result was the largest business evel
done in one week in Boston. Ovei
25,O0O,O00 pounds we're sold in the
week ending November End. One
house sold 100000 pounds. The
largest sales were OF Montana and
Texas, both selling as high as Is cts
for choicest lots. Humboldt wool from
California was sold at 20 cents. AL
grades sold rapidly and well, and the
talk OF a break was absolutely arrest
ed.
Large sales continued with the be
ginning Of November as the smaller
mills followed the example OF the big
one. South America. however. and