Fergus County Democrat. [volume] (Lewistown, Mont.) 1904-1919, 1906-05-01
Price S Cent

any one kind. One house sold some
| me ana iine medium Utah and Wyom.
iHS az prices ranging from 190p2Oc
ana another house sold some fine ana
! me medium Nevada at 1SM2Oc. Some
| i'icuiuHl Montana was taken at about
| d quarter or dollar, and a small
| amount or medium Colorado at about
| the same price. "A little Idaho wool
was taken at 2l022c
| ihere is If anything, slightly more
| inquiry for territory medium and w
! Nools' put no lines of good size have
| peeh sold, the entire business being
| scarcely over half u million pounds.
| Inc sales include Il very few of the
! early Afi2onas at prices previously
| quoted.
| Inc clean cost at which the territory
Wools nave been selling is practically
| as we nave been quoting, being 706D72.
Tor strictly fine 6Sm,oc for fine and
| line medium, together. Csc for fine
medium and good staple half bloods
65c for three -eghths and 5Sm60 for
| quarter bloods. Some business in
| secured territory, mostly the flneer
| wools, Is reported at prices ranging
from t5Wioc, ANA desirable secured
| Wools Of this kind are not as easy to
| iind as they We're.
| Under the prevailing conditions, cy-
en- allowing for further appreciation
| IN the price OF croSsbrcd Wools at the
| next London auctions, which III con-
| sidered probable, won merchants could
| hardly be expected 10 be otherwise
| than very careful ana conservative
with reference to the purchasing OF
new domestic woods. The latest news
from the territories is that here and
there lot is moving, but very gencr-
ally the eastern buyer and the WOOL
grow are apart in the matter OF pric-
es, ana while shearing is steadily pro-
crossing in Il number of sections there
Is but little wool being Sold This has
been especially true since the catas-
trophe In California, and there is a
more pronounced feeling than there
was up TO a week ago that wools will
be lower in the west. Already some
Of the most careful observers of the
situation think that they can discern
evidences Of growers ideas settling to
more reasonable level and nearer
the basis OF Boston prices. They will
nave 70 settle more, if they are to get
to the level of the Boston market on
which basis dealers are willing to op-
crate Some of the local men in the
west are doing some buying, but the
Boston merchants are doing little or
nothing just at the present time. Lat
est sales In Utah and Wyoming, Of
some OF the best clips, are reported at
prices ranging from 20c up to 24c. AS
yet very little wool can be got it is
inquired, at a clean cost, landed, OF zoe.
IN number OF localities shearing has
been delayed by bad weather.
Ihe manufacturers are conservative
Many OF them are complaining as to
the lack Of bus. hess, and there is an
uhuefcurrent of uncertainty which
leads them to operate within conserve
atiVe Ines The appalling disaster in
san Francisco and other towns and
cities In California has cast a feeling
OF gloom over the situation, and there
Is appre hension as to the effect which
this dire calamity and financial re-
quirements Of the distre ssing situa-
ton will exert on the money market.
1t has certainly modified the ideas OF
intending buyers of wool in the inter-
ior.
1t will, however, 1t is thought tend
to stimulate an increased demand for
supplies in the textile line, including
reflected in an improved inquiry for
secured wools, especially those OF me.
dunn and coarse grades, although the
market for secured woods has not vet
given any evidence of any increase in
the demand. While the immediate ef-
feet Is one Of a depressing nature, 1t
Is felt that In view OF the immense
amount of reconstruction in the shape
of buildings Of all kinds, the restock-
ing Of merchants stores, clothing
stores, etc, which will necessarily
have to be done, an impetus will be
given to certain industries which will
be of benefit to textiles.
But II is the momentary situation
which is being very closely watched,
and while nobody anticipates a dearth
of funds, for ii must be remem bered
cases will be made good by foreign in
surance companies, it Is felt that rates
for money are likely to rule pretty
stiff for some time to come, and this
naturally tends to curb any specula-
tive tendency which might otherwise
develop
AS to the amount of wool destroyed
in San Francisco, it Is variously esti-
mated by those who would naturally
be in position to know, at from o.
100000 to 5000 900 pounds. Conserva-
tive estimates range around 100000
pounds The warehouses containing
wool are reported to be all destroyed.