Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1902-06-18
Market Believed to be Shaping Itself
for More Pronounced Advances
Within a Few Days.
WYOMING SALES AT 141a CENTS
First Sale in the Billings Marke,
Shows an Advance of Three Cents
Over Last Year.

Reviewing tne WOOL market lor tiie
past week, the American Wool and
Cotton Reporter says:
Territories have been more active,
although the bulk Of the business done
has been confined to two or three
houses, one of which, during the past
ten days, has moved over a million
pounds of wool. The market is believ-
ed to be shaping itself for more ac-
tivity. although some of the largest
consumers are still buying very spar
ingly. or not doing anything at all, and
state that they will not until they are
warranted in doing so by a more ia
vorable turn in the goods marker.
Some of the new woods have been sold
this week, including fine and fine med
ium Wyoming at 14lsc, equivalent to
a clean cost of 47c, and fine medium
territory at As and 47c. As rule,
prices are no higher than they were,
but some sellers state that some of the
wools disposed of will figure out a
slightly higher clean cost. A Passaic
worsted concern is reported to have
taken about million pounds OF wool,
both old and new, much of 1t grading
medium. Among other sales of the
week was one of 100000 pounds Of
staple territory at IL and 171kc, equiv
alent to a clean cost of 4S and ACC.
Mail advices from Cody, Wyoming,
under date of June 8, show that 200,-
900 pounds of wool were sold at lac,
$4,000 at 1850, $1,000 pounds at 12hc,
$4,000 pounds at 1870, $4,000 pounds
at 12c and $4,000 pounds at 1Oc. In
New Mexico the season has hardly
opened. Recent advices indicate long
continued dryness, which has not on
ly killed off large numbers of sheep,
but has made it impossible for men
who have lived in the vicinity of AL
buquerque for years to remain there,
they being obliged to leave the ter
ritory. Quotations from territory
woods in this market may be given at
A and 45c for fine medium clothing;
fine, Al and 4Sc. and staple at As and
SOC. Exceptionally fine clothing woods
have sold at SOC.
Billings, June 16.-The first wool
sale of the season was made today
when Ben Radcliffe sold 10000 pounds
to Joseph Wing, representing Dewey,
Gould & Co.. at 13hc. The wool is
classed as Wyoming, as the sheep were
wintered in northern Wyoming, just
across the state line, although they
were sheared in Montana. Mr.. Wing
arrived in the city this morning from
the Idaho and Utah markets. He will
remain in Billings until the market
closes, which means about six weeks
or two months. Mr.. Wing says he
has come prepared to buy wool right
away, and, so far as he is aole to
Judge, it will not be necessary for
growers to wait until the market is
fully open before they place their wool
on sale, as he can quote as good prices
now as are likely to be paid at a later
period. He was frank to say that, Sc
far as he was competent Of judging
better prices will be paid this year
than last. He stated that when he
left the east month ago all the Mon
tana wool, with the exception of that
held by two houses. had been disposed
of. One firm has Yellowstone coun
ty clip of two years, which is one Of
the best sent from here, and they are
holding 1t for better prices than they
have yet been offered.