The Northern galaxy, and Middlebury people's press. [volume] (Middlebury, Vt.) 1843-1844, 1844-01-24
WOOL.

The market for this article within the year
which has Just closed. has been subject to
many important changes. At the COM
mencement OF the year 1913, the quantity
Of domestic and coarse foreign wool in
the country, was unusually large, the mar
ket much depressed and prices very low.
A great amount of WOODEN machinery un-
Employed, and the wooden business, gener-
ally, was pursued, either at loss or with.
out fair remuneration. The effects ofthe
last Tariff had not then been sufficiently
realized TO produce revival in the busi-
ness. This state of things continued for
several months and the last clip Of wool
was sold much below the usual range OF
prices. The growers, generally, realized
from 20 TO Csc per pound for their feeces.
The average last clip was a large one, and
came into market with at least an addition
of half as much more of former clips, which
mad accumulated in the hands of growers
and dealers.-The increased quantity OF
Wool sent from Ohio, Michigan. Illinois,
and some other interior States, was a mat
ter of surprise The time is not far di9-
tant, when large portion of this article
will be furnished from the western section
of the country, as the farmers there are
fast increasing their hocks.
Pulled Wool, twelve month since, had
accumulated for greater extent than ut
any former period. in consequence Of the
great falling off in the manufacture Of
fannels and other fabrics, composed prin>
cipally of this description of wool. Very
heavy stocks of Wool, admitted free of
duty under the former Tariff, were in the
hands Of the importers, with scarcely any
discount. The unprecedeniedy low price
Of Fleece Wool led manufacturers TO pur-
chase freely of growers as soon as the clip
was ready for sale. Dealers, also, were
ready TO operate more extensively than
usual. and the result was, that nearly all
the Fleece Woo! in first hands was sold in
the months of June, July and August, and
the amount brought into the several mar
keis, was uncomonly large. The manu-
facturers having bought freely Of The grows
ers, rendered the demand in market much
less than usual. The state of things con-
tinued until within the last go days, when
u sensible change in the market has taken
place. The early supply of many of our
manufacturers being nearly exhausted,
they we're under the necessity OF looking
to The principle markets for renewal of
their stocks, and sales Of feeces have OF
late been made 10 a very great extent, at
some improvement in prices. Pulled
Wool has also been in good request. and a
greater advance has been made in that ar
iicle, than in FIeeces. The resumption of
the manufacture of coarse Wool, has Gre
ated great demand for this article, and
the heavy supplies in market few months
since, have been very much diminish
ed.
There is now in operation from 25 10 so
per cent more of wooden machinery than
there was year a GO. The effects of the
tariff have begun 10 be favorably felt, and
the wooden business will, no doubt, be pur.
sued with its former vigor.
The improvement in the fabrics co.,
nected with this branch OF business, with
in a few years, have been very great. The
manufacture of Mouseine de LANES has
been introduced, and is likely 10 be favor
ably and extensively pursued. There is
probablr. much less Wool now in the hands |
of the growers, than al any former period |
for many years. The stocks of dealers,
although now unusually large, are suffi-
cient 10 supply the demand for the present
and il is reasonable 10 expect more firm.
ness in the market, even if prices should
not materially improve.
Boston Courier, Jan. 1.