The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-06-04
WOOL COMING INTO MARKET.
GEORGIA'S CLIP OF BETTER quail
ITY THAN LAST YEAR.

Fully Half of the Last Clip. Though,
Is Said to Remain UnsoId in the
Hands of the Boston Dealers. and
the Outlook for Prices Is Not Very
Bright-rhe Clip About the Same in
Weight as That of Last Seasonal
Promising Industry That Does Not
Progress.
The Georgia wool crop Is coming to mar
ket. Some small quantities have already
been received and from now on the re
ceipts VIII increase until their maximum is
reached within the next four weeks. The
bulk of the crop will be marketed within
the next two months, although scattering
receipts will continue over a much longer
period.
The clip this year Is expected to be about
the same as last year, when probably 1885,
OC0 pounds of wool were shipped by the
growers of Georgia, of which fully 10000
pounds were received at Savannah and
handled by the several dealers here. The
other portion of the clip of this state was
bought up by the dealers in the interior
towns and shipped directly by them to the
Georgia clip finds its way.
The wool this year is reported to be of
better quality than that OF last year. The
outlook is not regarded as bright, judging
from the present status of the Boston mar
ket. The demand in the East is said to be
very light Fully half of last years clip
of Georgia, Florida and Alabama wool Is
cd tn he CT Mt piyat
unsod. There has been an exceptionally
small demand for the class of goods into
which the wool from this section enters,
the finer class of goods, those into which
the Ohio and West Virginia wool enters
being more in request. Parties who bought
heavily of the Georgia clip last year are
said to have lost money by their opera
tons.
At present good prime white wool in
bales brings about Is cents pound in the
Savannah market. This is considered a
good price under the existing conditions
Manufacturers are not yet placing any or
ders. The market is likely to be fairly well
sustained at the present figures. The aver
age freight on wool to this market from
Georgia points is only about one quarter
10 one-halt cent pound, cash is immedi~
ately returned to the grower for his ship
meut, there are no commission or other
charges beyond freight so that his wool
may be said 70 net him about 171a cents
pound. 1t is held by those in position to
know, that such returns ought to be re-
munerative enough to induce an expansion
of the industry in Georgia, but for some
reason or other the reverse is regarded as
being the case.
The wool growing business Is probably
not as extensive now as it was five years
ago. With legislation to protect the grow
er, and with the same careful attention to
the floeks that the growers of Ohio and
some other great wool producing states
give to the business, Georgia should be
come one of the great wool growing sec
lions of the world. But better methods
must be introduced before there can be
any material progress. With the possbil-
tiles of the wiregrass country in this re-
spect it is felt that sooner or later the
western growers viii turn their attention
to the industry in this state and aid the
local growers In putting 1t on basis that
will insure its steady development