The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-05-11
UTAH'S WOOL CLIP
Means Millions of Dollars Distrib-
uted Among the Farmers.
HOW 1T AFFECTS THE BANKS.
Interviews with Bankers and Wool Buyers--
Sheep Shearing Already Begun
This Seasons Clip.

''The richest of our agricultural in
dustries is sheep-raising," said r. Morris.
OF j. w. SHmmerhays & Co., who are ex-
tensive buyers of wool in this territory.
How will this years. clip compare with
last yearl''
There was considerable loss last
winter. 1 think that 10000 sheep owned
by Utah woll-growers, died during
the cold weather and heavy SHOWS of
last winter, and 1 do not pretend to say
whether the increase of lambs will make it
up. The wool market is changed from
what 1t used to be so that much of it is
now bought up at the shearing camps.
The custom is for from six to dozen
farmers to fit up corral together. think
the local buyers at Salt Lake handle from
TOUR TO i've million pounds of wool during
ehe season The average price last year
was Is cents per pound and the wear be
lore IL cents. | do not think that handling
the wool crop will affect the money market.
as 1t cuts but slight figure to what it used
TO- the banks having so much more capital.
VI course 1t Will make money easier, as
IL enables the farmers to pay their old
debts and contract new ones. This
money goes into circulation, but being
scattered over territory from ST. George
on the south to Idaho on the north, it will not
greatly affect this community, which is too
large for it to make any very perceptible
change. True, the farmers west of Jordan
and about Taylorsville are large wool
growers and are tributary to this CITY.
The heaviest shearing is done on the Union
Paclhc, between Ogden and Green River.
Shearers are generally very scarce and
command good wages. They usually
get seven cents per head and
an expert clipper can roll
OF as high as hundred oily fleeces a day.
while the average is from fifty to seventy
hVe mead. Among the heavy growers are
Scott Elliott, who has $1,000 head, and
Mat Davidson, James Miller and the Har-
ker Bros, who are large owners, What
the local buyers handle is only part of
the crop, as the outside agents of eastern
wooden mills come in for big haul"
j. w. Sanders g. Co. have already COM
menced buying in small lots along the rail-
roads leading to this city and report that
there is about eight million pounds handled
from this city, which will put about a
million dollars into circulation The
Deseret mills of this city use about three
Quarters of million pounds.
The great bulk of wool shipped out of
the territory goes to Boston, the freight
costing ~ cents per pound. The Provo
mills buy about million pounds
"They have already commenced shear
ing" said w. L. Pickard, jr. 81 think
there were about seven million pounds last
year. 1t don't amount to enough to cut
much of figure in the money market As
far as l have seen it will average both in
quality and quantity about the same as last
year"
''Will handling the wool crop affect the
money market?" asked THE HERALD of L.
S. Hills, cashier Of the Deseret National
bank
at will cause temporary stringency, to
be followed by relaxation caused by the
farmers putting into circulation the money
they received for the crop.n
Mr.. Cheeseman, cashier of Walker Bros.
bank, thought there would be no stringency
in the money market as the money to buy
the crop comes largely from the east and
that should currency go low the banks can
send their drafts to Omaha and reserve
the currency on them by paying the ex-
change. The wool crop during the last
two years is easily handled by the banks.
Choice business property on State road,
between Second South and Fourth South,
can be bought at low figure.
De WITT B. LOWE &, Co.,
GO W. Second South st.