Fergus County Democrat. [volume] (Lewistown, Mont.) 1904-1919, 1907-05-28
WOOL SEASON
OPENS WELL
Seven Hundred and Fifty Thousand
Pounds Contracted for By Well
Known Boston Firm,
PRICES ARE NOT DISCLOSED
Somewhat Lower Than Bids By
Same Parties for Some Clips in
This Market Year Ago.

Good reason for optimism respect,
ing the local wool market ia
given by the large contracts placed
by Fred Putnam, representing Hecht
& Liebeman Co. of Boston on the
local market this week. Yesterday
the representative Of this firm closed
contracts for in the neighborhood Of
/ooooO pounds at prices which, al.
though not made public, are believed
to be shade lower than was Of
fcred by the same firm for the same
clips year ago.
| The clips embraced in the contracts
are those Of the Sage Creek Sheen
company, 100000 pounds, and Jack
| Waite the same amount with smaller
clips of the Fergus company, Nellie
Romunstad and S. S. Hobson, ag-
gregating 100000 pounds
Mr.. Putnam left the city this morn
ing and will not return again this
| season.
The tendency Of the wool market
seems toward strength rather than
weakness according to the Chicago
Drovers Journal. Experts at Boston
say that, generally speaking, there is
ne smallest stock Of unconsumed
WOOL IN this country in recent years.
while the country was never more
prosperous than now, all of which
should have bulish bearing on the
wool market.
One factor in early price making
this year has been eliminated to
great extent, this being the specula-
tive elemnt Spectators, who we're
snch tree contractors last year, claim
ed they suffered big losses and trad.
ing this year will be conducted more
by the regulars.
AS several big buyers admit the
outlook IS very bright for the owner
Of good wool though they do not
take such a cherry view of trade in
poorer grades, wool-growers have
small reason to take a gloomy view
1.-THE situation, in spite of the slow
and bearlsh way in which BUYERS
have started out this season
The Wyoming Wool Growers as.
sociation has issued circular adyi,.
ing sheepmen throughout the state
mat conspiracy is being planned by
eastern woolbuycrs to force down
the price Of wool in spite Of man
utacturers' demands Producers are
advised not to sell their wool under
any circumstances at less than the
700 market, and the association Of.
fers to buy the wool at last years
prices II eastern buyers will not nav
As much. Should the growers, take
advantage of the offer the association
will be incorporated and capitolizra
becoming practically an independent
exchange controlling the Wyoming
output
The Great Northern Railway COM
pany has abrogatcd its old rule al.
lowing the storage Of wool in cars
until sold at baling points and will
hereafter collect demurrape charoee
on all cars not unloaded within 48
hours.
1t is expected that the new rui.
which is made on account of in
creased traffic and lack of enuin-
ment Will work considerable hardshin
on the hockmasters and that it NAV
be necessary to erect large storage
houses at central points.
The old rule has been in effect for
years and under its provisions af,er
grower had sheared his flock. he
loaded the wool on cars and shipp,d
II to a baling point. Here il remain
Cd IN the cars probably Id days, two
weeks or month until it was sold.
and was then unloaded, baled and shin
FED east. Now, however, If a grow
er does not remove his wool within
AZ hours from the cars after II ar.
rlves at its destination the Great
Northern will collect demurrape
charges, treating the shipment of wool
As i does any other kind of
freight
The railroads are urging upon all
coal dealers the necessity of putting
III large supply of coal during .he
coming summer. to avoid a repetition
Of conditions which existed last win
ter. It is pointed ont that mills. fac
tories and other large consumers
should have their supply of winter
coal on hand at least by August l. 4
another coal shortage is to be avoid
ed During the summer the railroads
are able to move traffic quicker and
are better Orenarad to h,cdfo .>.t