Yellowstone monitor. [volume] (Glendive, Mont.) 1905-1928, 1908-11-26
MONTANA WOOL IS
SELLING WELL EAST

and the price is advancing rapidly,
with the prospect in view that bet
ter prices than have been received
at any time during the past year
will be obtained during the next
few months. There is an awakened
demand everywhere for the Montana
product. which is recognized among
manufacturers as being one of the
best in the world, having better
staple and being cleaner and more
uniform than almost any other wool
offered from the range lands.
There is a strong demand for a
higher protective tariff everywhere
in evidence among the sheepmen.
The Utah f1ockmasters haye recent
ly gone on record as being in favor
of higher tariff, and just the other
day William Lindsay, one of the
best-knoWn residents of Montana
and sheep owner known all over the
West-at one time being republi
can candidate for governor of Mont
followed along similar lines.
He maintained that the cost of rails
ing wool in Montana is constantly
increasing, owing to changed condi-
tions by which the settlers coming
in have usurped the rights which
the sheepmen used to believe be-
longed to them because they were
won from the cowmen who were
once monarchs of all they surveyed
because Of the killing off of the
buffaloes and the confning of the
Indians to reservations. A recent
Boston dispatch to the New York
Commercial has the following re-
sumo upon the wool situation, as far
as Montana is concerned:
''It is understood that negotiations
which have been in progress for
some time have been closed, by
which the American Woolen COM
pany becomes the owner of practi-
cally all the graded Montana woods,
which have been carried by some of
the most extensive dealers in this
market. Good judges place the
amount of wool taken over at five
millions pounds. The prices paid are
not disclosed but they are believed
to be somewhere between the pres
ent asking price of similar woods and
the price at which they could have
been bought some weeks ago. The
deal hung fire for some time because
some of the dealers were unwilling
to sell at the prices offered by the
company. It is understood that nego-
tiations are IN progress for other
large lines which may go to the Same
purchaser shortly.
"'The amount of wool involved in
the transaction, when added to the
nine million or ten million pounds
conservatively estimated to have
been transferred earlier in the week,
brings the total weeks business up
to nearly fifteen million pounds and
makes it the record week of the
year SO far in volume of sales.
This sale will in all probability
give impetus to the strong upward
tendency of prices. as it reduces the
available supply of staple wools and
materially strengthens the market
statistically.
:" It is hard to hold back the wool
said the seller of one large Boston
wool house today, and that express
es the feeling Of the market. Deal
ers are satisfied that their holdings
are good property and that prices
can go only one way, yet they have
been bitterly disappointed in the
past BY overstaying their market
and they are now inclined to yield
to the opportunities of the manu-
facturers and let their stock go at a
fair price and fair profit. This
market, in spite of recent advances,
is still cheap. There seems to be no
prospect of any more advantageous
terms in foreign markets. Local
dealers cannot get any replenish-
ment of supplies in Australia with
out raising their bids.
"Itseems certain, therefore, that