The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-07-29
THE WOOL MARKET.
A Flourishing Wool Business in the South
Some of the Shippers.

In an interview with ]. E. Clinton and E.
r. Booth, the Ensign reporter learned that
the Utah Wool Growers company has been
doing a fourishing business in the wool
trade during the present month. Up to
date, and since the LIST of July, that COM
pany alone has paid out S102, 600 for wool
'sWithin the last week" said Mr.. Gin
ton, ''we have handled some very large
clips, which have ranged from 1900 to
7l,OO0 pounds each"
Following are the names of few of the
owners of the largest clips handled within
the past seven days: Nephi Schofield,
7l,0OO pounds: VIII Schcfield, $4,000
pounds: Collins & Lisenby, 10000 pounds;
j. w Seely, 5000 pounds; j. G. Ecker,
5000 pounds; T. G. Smith, 1900 pounds.
'.rbe company has been notified says
Mr. Clinton, .that the existing special
freight rates will be withdrawn on the 3lst
inst. We are, therefore, rushing wool out
as fast as possible in order to clear up all
the stock we have on hand at tho present
time, as the regular tariff rates will take
effect on the lst of August next. The rate
increases the freight on baled wool on all
rail shipments TO Boston, from Sl90 to
S2.46Js per hundred pounds. In a letter
from Mr.. Eccles, am Informed that there
is a bare possibility of something happen
ing TO prevent the rates from going into
effect, as it is an outrageous price and
should be reduced"
The conditions of the eastern market
can be seen from the following clipping
from the Boston Advertiser;
The market for territory woods is quiet,
but some business is being done at about
form rates frha Salas pnada ara
on the secured basis, consequently, while
dealers are busy on sample bags, the move
ment in round lots is moderate The fact
that more wool is coming forward makes
buyers more Indifferent, and before buying
they generally look over the market very
closely. They are on the lookout for cheap
lots, but as yet, holders are not disposed TO
weaken much. Some large sales have not
gone through, owing TO a difference of half
cent between buyer and seller, which
shows there is bottom to the market.
The fact that the woods in have cost high
prevents receivers from sacrificing, and the
sales made are at about former rates. Con-
siderable Texas wool has been cleaned up,
these woods ranging about the same as
choice territories for twelve months
growth with six to eight months woods all
g and cents less. California woods are
meeting with quiet sale, spot offerings
being small.
Territory wools-Mont. fine, is and zoe
Mont. fine med, q and &c; Mont. coarse
med. 90 and 24c.; Wyoming, Utah and Col
orado fine, 16 and 1Sc. Wyoming, Utah and
Colorado med, 10 and Sc; Wyoming, tab
and Colorado coarse med. 81 and 24c
From the above it will DE seen that our
woods are classed with those of Colorado
and Wyoming. This Classification said
Mr. Clinton, 'sis great injustice to our
Utah wool, because they are a much finer
and lighter quality than those of either of
the states mentioned. More than half OF
our wool is sold to eastern manufacturers
as Montana wool, and they never know the
difference. Our woods should properly be
classified with Montana woods, and we are
going to make strong kick at the next an.