The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-08-21
CLEANING Up FOR THE SEASON.
Probably the Final Shipment of
Wool was Made Yesterday.

What was probably the last shipment
of Utah wool for the season was made
yesterday afternoon by W. l.. Pickard,
who consigned $4,000 pounds to his house
in Boston. This wool has been gathered
up by the gentleman during the past
few weeks. and the average price paid
10 the growers by him was very low
compared with the figures in vogue here
during the recent heated competition
among the buyers. 1t was S1a cents, the
wool being fine medium which is now
quoted on the eastern markets at from
IL to Is cents. This shipment ends a, very
good season for the wool growers of this
territory and the west in general not
Wlthstanding the rantings of d certain
class of people. Sheep owners have made
more on their investments by long odds
than any other class of people. The
prices obtained for their clips were fair
If not what they were in certain former
years, and the increase in lambs was
very heavy. Growers of wool, or a Ger
tain lot of them at least, seem to lose
sight of the fact that there is a vast
deal of difference between the present
prices OF all manner of products and
were in force ten or a dozen years ago.
They seem to be of the opinion that the
natural place for wool is above the teens
in order that they may yearly make
ment.
There has recently been a sort of lull
in the activity which characterized the
WOOL markets OF the east during June
and July, although prices remain steady
1t is the opinion of experts that there
will be no material change In their last
circular, Justice, Bateman & Co., of Phil
adelphia Republican, have the follow
ing to say on the wool question:
The demand for domestic wool for the
best of reasons is light, but prices, not
Withsstandi1g the quiet market. are
steady and without important change.
m nj
have relieved all fear of inconvenience
from short supply and with it also dis
appears the expectation of a BOOM Man
ufacturers no longer seeing any prob
ability of higher prices in the near flu
ture are contented to use up present sup
plies before purchasing more. They were
spurred into buying with more than us
ual freedom, by the speculative excite
ment of the early summer, and quietly
supplied themselves from abroad where
prices, although advancing, We're never
up to the level in the United States. The
probability of very considerably higher
prices about clip time, coupled with the
unwillingneSS or inability of sellers tic
make contracts on the old plane of
eager to secure as quickly as possible
a supply of domestic at the low prices
then prevailing. This being impossible,
except at figures that appeared to be
above values then current abroad for
eign markets secured an unusual share
of the demand heretofore enjoyed by our
home markets. Ignoring the foreign
wool bought in other places, which was
considerable, that bought at the July
London wool auctions alone exceeded any
previous purchases made there by the
United States at any single sale. Meas
ured by the grease weight, the quantity
was greater than the clip of Ohio, and
if considered by the secured yield, ex
ceeded the annual production of any
single wool growing state.
The woods offered at the London sales
not only appeared to be cheaper than
American wool, but they had the add-
tional advantage of being not only more
quickly secured but of being closely
graded and skirted as well. Trained for
eign brokers with an accurate know
ledge of the quality and yield of each
kind, offered facilities for buying at the
London sales that have no parallel in
the United States.
Although the quantity of wool i'm
ported is very large, when considered in
connection with the shortage of the
American clip it is not a menace to
American prices. The total quantity
available is not greater than that which
came on the market at this time in 1893.
This was easily handled by American
mills although there was no more ma
chinery in motion then than at present.
Considering the easy money market, the
cost of wool. where grown and the inn
possibility of replacing the stock now
here at any lower cost, there SENS no
reason to expect any change in quota
tions.