Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1902-05-14
Strikes in the Mills Have a Tendency
to Depress Wool Prices-For-
eign Demand Strong.
LONDON SALES A SURPRISE
Prime Steers Selling at Better Than
Seven Cents in Chicago-No
Signs of Break.

Reviewing lie wool market for the
past week, the American Wool and
Cotton Reporter asys:
The demand for territories has been
very moderate. No large lines have
been disposed of, the big mills operat-
ing only to a very limited extent. The
market has favored the buyer to some
extent on medium stock, but. generally
speaking, prices remain on their form
er level. Fine medium woods of aver.
age grade may be quoted at 42Ac to
45c, clean. There seems to be plenty
of old fine medium offered at 43c, and
about $4,000 pounds of old fine medi.
um Wyoming running pretty well to
staple are reported to have been sold
at 42hc. Strictly fine wool may be
quoted at Acc to 4Sc, and sales have
been made In small way within that
range, and strictly fine staple is worth
4Sc to SOC. Medium woods may be
quoted at 3Sc to 40c. Some sales of
fine medium are quoted at 43c to 44c,
clean, and sale of medium Dakota is
reported at 3Sc.
In the west the situation is repre-.
sented as a little quieter, and it Is
claimed by some that woods can be
bought for a slightly less price in
some sections. A number of buyers
in Idaho are reported to have received
orders to stop buying. The highest
price in Utah was 1870 for the Con-
die Bros clip. This clip amounted to
10000 pounds and was of extra fine
quality. 1t was taken by we'll known
Boston house. Advices from Chey-
enne. Wyo., estimate that the total
output of the state will be 100000
pounds.
The London wool sales opened on
Tuesday of this week with a good
attendance, very brisk competition and
a net available quantity of 100000
bales. AS compared with the close of
the previous series of auctions. prices
showed an advance of to 10 per cent
on merinos and 10 per cent on cross.
breds, according to one cable, and an
advance of to TX per cent on merin-
os and fine cross-breds and per cent
on low cross-breds, according to anoth.
er cable. One cable reports merinos
as up TX to 10 per cent and the cross.
breds decidedly dearer, but nothing
offering suitable for this side. The
situation is represented as very strong
and the advances recorded fully meet
the expectations of the trade on this
side of the water and exceed estimates
previously made by conservative mer-
chants. In fact, to many the extent
of the advance was surprise.
Chicago, May 12.-Cattle: Receipts
$4,000; active and steady. Good to
prime steers, $3.50 to $7.4O; poor to
medium, IS to $6.75; stockers and
feeders, $2.75 to $5.35; cows, $l.50 to
$6; heifers, $3.50 to $6.4O; Gamers,
$1.50 to $3.50; bulls, $3.50 to $3.50;
calves, So to $3.50; Texas fed steers,
$5.25 to $3.50.
Hogs: Receipts today $4,000; open.
ed sc to 10c lower; close active. Mixed
and butchers, $685. to $7.22h; good
to choice heavy, $7.25 to $7.32la;
rough heavy, $3.50 to $7.2O; light, $6.75
to 81; bulk of sales. $685. to 1920.
Sheep: Receipts $4,000; sheep
strong; lambs steady to 10 cents low
er. Good to choice wethers, $5.75 to
$3.50; fair to choice mixed, $5.25 to
$5.75; western sheep, $5.25 to $500;
native lambs. clipped, 10 to $3.50;
western lambs, $5.25 to $3.50; Colorad }
wooled lambs, $40.