Fergus County Democrat. [volume] (Lewistown, Mont.) 1904-1919, 1912-02-27
SOME WOOL IS
REPORTED SOLD
IMPRESSION PREVAILS THAT REP.
REsENTATivE OF BOSTON FIRM
HAS MADE DEALS.
GROWERS ARE WAITING
Usual Attempt on the Part Of Com.
mission Houses to "Bear" the Mar.
ket Not Meeting With SO Much
Success As in Former Years-Gen.
eral Belief That Price Will Go Up.

II was reported to the Democrat
this afternoon that the rather extend
ed visit OF William Mair, buyer for
the Hecht, Lehman & Co, the big
wool commission house Of Boston, Is
not without significance and that he
has practically closed deal for some
OF the largest clips in Fergus county.
Mr.. Mair has been in Lewistown and
vicinity for about ten days, during
which time he has been In conference
with most of the larger growers OF
this section Of the state. The report
that he has closed some contracts
comes direct, but our informant was
not in position to make public the
price paid.
Asking Good Price.
There are reasons for believing
that the Fergus growers are going to
command and receive better price
than they got Tor their clips last year.
The big eastern wool centers are prao-
tically stripped clean OF surplus stocks
and there Is no reason why the new
crop should not command better
price than has prevailed for two years
hammering the Market.
Helena Record: The wool buyers
are up to their old tricks. For the
next three or four months they will
j hS, No
ports that the demand is light, that
the textile workers strike has affect
ed the market, and do everything else
| they can to induce the growers to be.
lieve that the outlook is gloomy and
that If they can secure prices even as
good as those of last year, they had
best jump at the chance before the
market hits bottom. And then, after
this years wool clip has been pur-
chased, the buyers will proceed to bull
the market that their own profits may
be enhanced. This is what the buy
ers have done year after year, and
this is what they have already begun
to do.
| In furtherance of their little game,
they do not scruple to distort facts, to
accidentally lose a cent or two in CIV
|
has been purchased. An instance OF
this practice is shown in The Com.
mercial Bulletin, a trade journal pub.
lished in Boston. In it's issue of Feb
ruary seventeenth 1t says: "Press ad-
vices from Helena, Mont, this week
state that the clip of Col. Thomas
Cruise, amounting to about three hun
dred thousand pounds, largely CLOTH
/ i'm ,Nro tad fu In
Boston house at between fourteen and
ago is reported to have been fourteen
cents"
In another column of the same Is
sue appears this: Contracting has
started in Montana, according to
latest advices, the Cruise clip of three
hundred thousand pounds being taken
by the same Boston house which
bought it last year, and it is under
stood, at about the same price, the
price paid last year being about four
| teen cents.
The Cruise clip, according to a rep
resentative of the grower did not sell
at fourteen cents, but at sixteen cents
Between Helena and Boston, however
two cents was lost.
American Wool and Cotton Reporter
in it's issue of February fifteenth says
that "in namberless transactions,
manufacturers have been forced to
pay more money than they could OBJ
tain the wool for even a month or two
ago
1t further says that the textile work
ers' strike has not affected the mar
ket in any way, that Utah wool is SELL
ing at from one to two cents more
than it did year ago. Referring to
Montana wool, it says: Considerable
original Montana has changed hands
at nineteen to twenty cents. Sixty
thousand pounds of fine medium Mon
tana has moved at eighteen and one
half cents, and one hundred thousand
pounds of Montana wool in the orig
inal bags has moved at nineteen and
One-half cents"
/