Fergus County Democrat. [volume] (Lewistown, Mont.) 1904-1919, 1904-11-15
The Demand on American Markets Is
Very Strong and Shecpmen have
Good Prospects Ahead.
AFTER NEXT YEARS PRODUCTS
Contracts for TO- OOO, 900 Pounds Of
Montana, Idaho and Utah Weol
are Already Made.


In its review of the wool market |
for the past week, the American
Wool and Cotton Reporter says that
while the market is somewhat quiet |
er than il was. for want of stock, |
there is no diminution whatever in
the strength OF the situation.
In fact, the strength of the market |
is more intensified than ever, and
prices have moved up to new high
level this week Wools have been
bought in Australia for American ac-
count, which will cost, landed, fully
CSC. clean per pound, for fine, choice
stock Crossbreds continue to
strengthen, and domestic quarter
bloods have sold at between 31@32c
per pound. which is fully up to the i'm
porting point. A good Australian
| quarter sells at SIC. shrinking 34@35
per cent, which makes the wool cost
Clean. about 56hc. but some holders
of domestic quarters are asking 33c
per pound for wools shrinking about
A per cent, which would make the
woOls cost. clean, close to 59c. Con-
sumers are. therefore. naturally slow
in paying the high prices asked by
| some holders of quarter blood woods,
but they have paid as high as 311ac,
this price being given for baby In
dianas in st. Louis, delivered here
to manufacturers. There is better
inquiry for fine wools lnan there was,
and prices on this grade of stock
have still further advanced, in SYM
pathy with the continued rise in Aus
tralia. There is a continued active
inquiry for territories, and higher
prices for these wools have been ask
ed and have been obtained We,
therefore, quite generally advance
our quotations on wool again, this
week, which are now at the highest
point seen for several years.
There is demand for about ev-
erything, and all classes OF stock are
getting down to very limited sup
) plies. The only kinds OF stock of
which there are sizable amounts now
N the market are the heavy shrink
: age wOOis which early in the season
, manufacturers would not look at but
l which they are now willing to take.
| Some of the heavy shrinkase fine
} staple Wyomings are reported to
: have been bought the past week at
: a price which was supposed to have
Deen equivalent TO 65c. clean, but
: which will actually cost the purchus-
| CTS close To 1Uc. This is certainly d
} llsh price for tine territorial wool
4 members Of the trade to stop and
l consider whether the market has not
l yet about reached the top. With
: choicest fine Australian selling for
r American account at close to 81 per
/ pound secured basis, with fine terri
9 torial Wools of best quality bringing
! fully Csc per pound and quarter blood
$ t1eeccs costing between % and soc
4 the market may be said TO be on a
S very high basis, as compared with the
3 average price of wool for the past Is
u years And yet the tendency is still
II upward, and consumers are taking the
$ woods at current quotations.
0 Furthermore, contracting for the
n 1905 clip continues at prices which
l. are even still higher than those be
y fore quoted. Thus, in Utah, as hish
L as l3c has been paid. and in Idaho
) as high as zoe, four lots having sold
:. = this week in that state at that quo
II tation. In Montana over 2oc is re
y ported as being paid, and it is thought
IS that about 20,OO0,O0 pounds of the
= 1905 clip in Utah. Idaho and Mon
tana have already been contracted
). for Advices from Salt Lake City
u under date of November are thai
:. about 100000 pounds of the 1905
"a clip had been sold from central ak
$, northern Utah and southern ldaho
le These adsices indicate that up To lha
n time prices ranged from Is to l3c
'e and few lots had been contracted
~ for at zoe. A very large amount hat
- been contracted for at 1Sc.
Territorial woods have been in yer.
steady demand and at the price