Yellowstone monitor. [volume] (Glendive, Mont.) 1905-1928, 1911-06-29

Roth sentiment and talk on tn
street Yesterday were distinctly de
messed and apparently many mem
hers Of the wool trade are disposed
to imagine the worst regarding The
nossibe effects Of the tariff legisla
tion now contemplated by Congress
A week ago this legislation seemed
far distant, but the developments Of
the p,st two days have been start
ling to those who have been calmly
contemplating the efforts to unite
Uarty leaders in the support of some
reasonable measure, and complac-
ency is changed into alarm, says the
Boston Herald Of June p.
AwelI informed member of the
wool trade said yesterday that his
house had ordered all its buyers to
stop operations and he thought 9TH
er houses had done the same thing.
If any buyer has been omitted, it is
because he has been forgotten, or his
operations are too unimportant to
cause trouble. It is estimated that
50 or more kilograms were sent yes
terday morning to wool buyers in
tha West. as soon as the Herald's
Washington letter had been read BY
the principals.
The effect Of the threatened ad-
verse legislation has been felt both
here and in the West. A more quiet
tone prevails, and it is hard to be-
feye that either manufacturers or
dealers will feel free to go On max
Ing large purchases of wool. with the
prospect Of a drastic revision of
schedule K staring them in the face.
As far as the dealers are concerned
it would appear that congressional
action has come at an opportune mo-
ment. For some time the wool men
have been feeling that they were go
ing too far, and that altogether too
high prices were being paid to the
wool growers. However much they
might deprecate the strong upward
tendency in primary markets. there
seemed to be no way to stem the tide
and buyers were practically obliged
to go with the current. This situa-
tlon is changed over night, and it is
likely that further purchases will be
made only after sober thought and
possibly at lower values.
Up to the first of the week the
western primary markets were ap-
parently as active as at any time this
season, and buyers have continued to
pay very high prices in all sections.
Some good-sized clips have been re-
Gently secured in Montana at 19c,
and buyers who have hitherto held
aioot have operated in that state
Qarlng the past week. The Montana
ellp is now said to be over one-half
Sold, and in other states even a larg-
ef proportion of the new wool is out
u tie growers hands.
recent sales in Montana have been
made at l8c, 18ac, 19c, and one or
e"o cases are reported where q frac-
sioh more was paid. The secured
soSt OF the best staple Wools laid
aoWn here is estimated at fully 55c,
ana some experts say more. Utah
S.'u Nevada are we'll sold up, and .
NJ ~,g mole has been made in Wyoming.
lne Wools Of the latter state we're.
s'iq 10 De very heavy, and the COM
pstaelVely low grease prices being
pelo are made up in the shrinkage.
i laaho is also pretty we'll sold up,
' saoagn something has been done
'a'ely N western Idaho. A secured
eosl y Of 56c laid down here is indicat-
y ts On some Of the recent purchases.
s'.ougn as usual. wide difference is.
,'ateo -, between the estimates of those
saa ,,V nave actually bought the wool
f,,a tro,s outsiders who estimate values
from safe distance.
% a.ess osegon there has recently been
doabts,., atsss deal Of activity. and it IS
'sial II some Of the public sales