Rensselaer Union, Volume 9, Number 45, Rensselaer, Jasper County, 26 July 1877 — Wool Trade of Monticello. [ARTICLE]

Wool Trade of Monticello.

The wool trade has of late years entered largely into lhe commercial interests of Monticello, and from a small beginning has grown until it now commands the investment of a large amount of capital at each recurring season. The quantity of wool bought by Monticello dealers this season, though not as great as that of 1875, far exceeds that of last year. There were but two firms buying extensively this year, but they invested largely and to such extent as the profits and safety ot the business warranted. These firms not only bought most of the wool product of this county, but also made large purchases in Jasper, Lake, Stark, Pulaski, and other neighboring counties. The market has been fair for the producer, which will no doubt encourage farmers to engage more extensively in wool growing hereafter. Messrs. Hughes, Crouch & Co. bought 52,000 pounds at an average cost per pound of 27 cents, making the total amount paid out by them $14,040.. Henry Snyder bought 28,139 pounds at an average cost of 37| cents, making his total outlay $7,Total amount of wool bought by‘hoth firms 80,139 pounds at a cost of $21,173.89. Most of this wool has been re-sold and shipped away. Had it been kept here and manufactured into yarn the manufacturer’s profit as well as the buyer’s would have been left at this place. The wool bought by the two firms this year turned into yarn would have sold for $40,069.50—a difference in first cost ofslß,438.01. *From which it is evident that for Monticello to g4‘t a fnlL benefit of the wool trade, she should manuiactnre her wool before sending it away. Her i’acililiep are ample for manufacturing purposes, and let us cherish lhe hope that before many years have elapsed they will be fully employed, that MonticeHd" may reap the entire benefit of her natural advantages. If we will encourage our products and manufacturing interests, we may yet be able to boafit of commercial distinction and a thri’ty, wide-awake town. — Monticello Herald.,- -f- ■ -