Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1893-07-17

This is the question that thousands Of
farmers are asking. The priee Is down
lower than in yesrs past. What shall the
sheen man do sell his wosl for what he can
get or hold il in tie hope Of securing high
.r prices by so doing. TO earn hat the
dealers have to say a representative OF the
Rural New Yorker recently eail Il upen The
| Nscnsugitau Co., of New York, one Of the
most extensive wholesale wool dealers. Hts
report follows;
..What is the trouble with wool that makes
the price so low in the country and what Is
| the prospect for the future :.
| when YOU ask about prospects fer fu
ture prices you are asking hard question
We are right on the yroand, have facilities
| for keeping posted on all points .; the
trade. and We can't tell what the future will
| be. Ii is all uncertain. IL is safe to say
| that the MONEY market has little TO do VITA
liz. The uncertainty As TO future 'arih reg
ul4,ions is the main cause of the duh mar
ket, and of the low prices, Manufacturers
have 10 plan a long WAYS aheat. They viii
not buy wool now for manufacturing
except at free wool prices. because
| free wool is a possibility The con
sequence i. that they have not only cleaned
up all the wool on hand, but every hit an l
| store room has been scrsped uaui tn y
haven't crumb left. This, of course, has
| lessened the present demand for wool and,
~ | said before, if wool ia sold 1t must BE-
at prices that would rule If free wool were
an actual fact The greatest depression IL
in territory and Texas woods. The grow
ers there haven't the mon-N TO enable them
10 hold their WOOL so it has been thrown On
The market at low prices. Fleece woods
haven't been offered so freely.
VIVA, is the distinction het"een tern
| tory and fleece wools:"
Fleece woods are washed woods, such
as are produced IN New York, OHIO ami
Michigan. They are produced by farmers
who are not in the sheep business SO cx-
clusively as are most of the western wool
growers The territory woods are un"ashed.
"Itis advisable for the producers OF
fleece woods to hold them for higher p'itcs?N
.Yes. for the price won't BE- lower. even
though free wool sholld come an actual
fact. These mt are most y able to hold their
wool; they aren't, as n general thing fore
ed TO sell a. the western growers are ana
AS manufacturers have practically n" wool
on hand, the producers are likely to yet
higher prices than at present. You can do
YOUR readers II great service by expl inning
TO them lust now the situation, and ad,ls-
ing them to be in no hurry to sell.
In the ev. mt of free wool what grade
of woods will suffer most from the foreign
competition
THE fine woods. They are the ones of
which the manufacturers ust the least, and
of which large quantities are imported.
MANY of our large wool growers realize
this, and are changing their tine wool sheep
for the coarser-w wooded ones. There is no
question but that the safest sheep for the
farmer to breed is the coarscr woods
do YOU handle woods direct from the
growers"
I'VE do, if they are sent to us. but W"
lont solicit consignmcnts of such small
lots, as they are too much trnI lie. II Is
lust about as much work to sell lot OF
.hree sacks as ii is one of 800"
A gentleman connected with the com
pany had Just returned from IA trip through
Texas in the interest of his house. OF
llm asked rs to the prospects of the wool
industry in that state;
The breeders there have been selling
If their sheep in large numbers. They
nave been shipping them by the car loar
md train load until they have ahou
,lutted the market. Lots of them hav"
.aved themselves by so doing, too fo'
sheu they began shipping, the market was
ia good condition, and they obtained high
orices. But now it is fiat. But Won cam
get any mutton at the hotels in Texas.
they have mutton on the bill-of-fare, bur
when you get it it's nothing but goat
When they can buy goats a, - cents apiece,
it doesn't pay them to use mutton. Bu'
Texas is an immense state, and it has great
possibilities in the sheep business