The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-06-02
Causing d StamDede.

Reports from all sections of the country
show conclusively that the grower is GO
lug to dispose OF his wool at the very best
situation, and though reluctant, he in
tends to accept the result of the present
unfayorable conditions of trade and sell
his wool. 1t looks now, if more buyers
do not show up soon, there will be a
stampede among the farmers to either
sell or consign.''
That comes from Chicago. 1t is in
tended to urge on the wool growers to
dispose of their heeces and keep prices
down. Probably it will succeed. Start
a panic of that kind and the men who
could stop it by a little reason and caution
will usually help to make it general.
The bear movement in wool was pro-
jected last year. 1t was foreshadowed in
the nonsense uttered by the Republican
stump orators who tried to alarm the
sheep men. The dealers arc taking ad-
vantage OF the situation, and the
sheep men who need money are unin-
tentionally aiding in the scheme.
There are SO many of them who antici-
pate their earnings and cannot wait for
an improved market but must rush their
wool forward at the earliest possible mo-
ment.
1t is this great hurry which causes
shearing before the SHOWS OF winter have
fully ceased and before the spring sun
has had time to make things warm for
the sheep. AS soon as the fleeces can be
cut they are hurried into the DEALERS
hands, and when there is a concerted
movement as at present to bear the
market, this haste helps to keep it down
The stampede among the farmers
is what the wool spectators are counting
upon. That is what The HERALD would
if possible avoid. We have beer
asked whether we think Utah's
Withholding of her wool crop would con.
troll the market of the country. TX
which we answer, THE HERALD did no
intimate anything of the kind; but gail
that, ''If the wool sellers of The couatr!
could only combine and hold on to thei
wares there would soon come a change il
the tone Of the Market That is correct
and if considerable proportion of then
were determined not to play into the
hands of the spectators who are bearin,
the market, but would keep out of thu
stampede" they would soon find ris
in prices.
The dealers are in a furry over remarks
like those OF THE HERALD. Why
Because they expose their little scheme
1t is fact that there is no sount
reason offered why the prices of WOO
should be lower this year than last, no
why they should have been less in 1879:
than in Immediately preceding years
The excuses given are mere political bun
combe, and the wool growers, partI,
from necessity and partly from the fear
fostered by the spectators. help to keel
down the market and injure their owl
cause.
The supposed effect OF tariff chang
that has not yet come and will take SOM
time to accomplish, all of which ar
purely speculative, are held up as reaIl
ties to brighten the timid and the deale
is making money out of the scare. TIL
only remedy is that THE HERALD ha
mentioned. Withholding the suppl.
would soon stimulate the demand, an,
when the time comes that farmers cal
keep control of their products they will
regulate prices instead of letting tn
dealers have it all their own way.
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