The northern galaxy. [volume] (Middlebury, Vt.) 1844-1848, 1847-05-11

dih ever puzzled 10 Know what TO do with
my wool. l have waited for the wool dealer
TO call, but hope deferred maketh the heart
sick, and when he did call ] have sold for
Whatever he choose to give. Afterwards !
lonnd he had given price which sustained
his interest bettet, far better. than mine.
then undertook to sell my own wool TO
the liberal wool merchants in Albany. Some
times II arrived before the market was form
ed--oi course there It had TO be warehoused;
and however diligent / might afterwards have
been. never could find the right time to sell
IN order to secure the highest market price;
and am sorry 10 add, that when sold at last.
warehouse charges, and those ct ceteras
which are appended 10 accounts Of sales,
convinced me that | would have done better
TO have sold even before the market price vas
formed, However it may have been with
others, have never been able 10 count upon
the same fair prices and prompt returns for
my wool, that have been able 10 lor nv 9th.
er farm products.
This year my wool is RENTED 10 an agent,
who charges me one cent per pound COM
mission for selling. which covers all expense
except insurance, and for which nav him
one-quarter Of one per cent each three
moths; he al once gave me an advance of
two-lhIrdS of the value Of the wool. for which
advance pay him seven per cent Interest,"
Am gamer Or losser by The operation Shall
| waste your time and exhaust your patience
by an absurd argument To show that | am
gamer. viii! simply say TO the farmer. that
no argument is necessary TO establish this
point. You are no better than the cotton
grower, and that is precisely The condition
under which his cotton is disposed Of; he
ships his cotton and draws his bills against il
foi two-thirds of its value.
These are the very terms under which the
manufacturer that buys your wool disposes OF
his wares al the commission house he en-
ploys. Nay It IS the usage Of the CONNER
Gal world, settled by common experience,
aud therefore must III the end be confirmed
bv the experience Of the farmer.
have stated my own case, and while
am writing an Instance has occurred ain ost
under my eye which equally illustrates the
position have taken.
4 farmer sold his wool in a neishborins
city last year for thirty cents pound. He
has this moment just carried his wool 10 the
same place, clipped from the same sheep and
every way lot OF wool similar TO the WOOL oil
last year. He has driven from one end Of
eh- ohNSb " OliGI duu IDS OtSu ODeTcQ
only twenty-four cents per pound. The mar
ket is not formed. " hat will he do he
needs the money: must he submit to this
sacrifice, or had he not better do rs | have
done and employ commission merchant
VIII this system give to the farmer the
highest market price for his wool Does the
old one secure 10 the farmer the highest mar
ket price ! Let the farmers of Western \.
l. who refused thirty -four cents for their
wool, and afterwards took rhrt, -one, ur have
their clip yet on hand, answer this question
The market pIice Of wool, like that of any
other commodity. is constantly varying. The
farmer is the last man. speaking OF Them gen
orally, TO keep himself well advised of The
fluctuations of The wool market. But allow
ing that he does, is his position such aud his
wool such commodity that he can with
promptness avail himself of every favorable
change in the market! In ninety nine cases
out of hundred certainly not. But Il hi.
wool is lying in the warehouse of a man who
knows all about The fluctuations of the mar
ket and who contributes his full quota in
luence in fixing prices, aud who is daily re-
ceiying orders for wool; there il is in posi-
lion most favorable for receiving the lull ben
eft of any sudden impulse given to prices
observation-disclosures have not always been
benefited. enquired the other day OF wool
sapler when a certain factory would buv then |
wool! The answer was, they will lay in !
their stock whenever they can buy il best -
Guided by This very wise sG'C, factory laid |
in two years supply OF wool, and by the |
shrewd operation lost S25.U00. | presume !
they are not alone in their misery, for, as the |
Il ~.
one, every factory that has been equally sharp |
has me; with similar rebuke. IL is there |
fore, to the mutual advantage Of the frmei |
and manufacturer, that wool should remain !
in first hands. The one, hat nc may buy |
only as he wants, the other that he may he
benefited by any increase demand.
Neither the farmer nor the manufacturer,
has any right 10 lay aside their legitimate
business and become Spectators.
do not mean that they have no moral
right, but that they do so, they will violate
laws which | am sorry TO say many of them
obey more rigidIy than they do moral laws.
the laws Of legitimate business, aud yet it IS
dome by both. The one who buys, not t.
supply the actual demand of his factory, bus
in obedience 10 principles of buying " hen he
can buy best. The other when he seeks MOI
merely for fair and remuneratiDg. but for ex
brilliant prices. In small way it is wise
maxim, that lie who buys thing, not be.
cause he wants II, but because il is cheap, is
APT 10 find in the end that it is dear at any
price. Ii it does not apply 10 the large op
eraiions Of men OF business il must be very
strange. AT all events, boin farmers aud
manufacturers may be assured that We live
IN times " hen il may be safely averred thai
he will thrive best who best understands the
theory Of the nimble ninepence.
The farmer will feel skiiIish at the idea oil
adopting such an arrangement. so con pletelJ
1t variance with the usual mode in which he
lisposes Of his other farm products. hut he
must remember that his hay. grain. butter.
cheese, &c. are consumed everywhere and b,
Every body, and therefore he may we'll do his
,wn marketing. But wool is a COMMODITY 1
ised ouly by the manufacturer, and both aIe I
10 situated that they cannot come together al
he right time. If at all; hence the necessity {
II third man between them, whose business