Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1846-06-25
The Wool Market.

On this subject the last Waterman has the follow
ng:--
The Boston Courier anticipates some reduction in
the price of the new wool clip. In other quarters we
have similar indications, and the grounds Tor this
anticipation we will state The first is, the great in
in the amt of the wool produced. The report
of the Commissioner of Patents shows that in $50 the
total amount of wool in the country was 81 millions OF
pounds and estimates that the increase OF tocks (at
10 per cent per annum) will this year give l23 l-2
millions of pounds, exclusive OF foreign wool. The
second ground is the fear Of manufacturers that the
Tariff will be modified; and the third Is, The ughtness
Of the money Market occasioned mainly by the policy
Of the Polk Administration in reference 10 the Tarll,
the SubT and the relations of the u. States
with Great Britain and Mexico The first eause-to
W.T. The large increase OF producilon-is met by the
fact that under the Tariff Of '42 and by the increased
demand for wonens by our rapidly increasing popua-
ton the manufactures of wool have been largely ex-
tended. 1t is this ground that we can account Tor
the lact that wool has well maintained its price
down TO this time, in the face Of vastly increased pro-
duction at home and large mporlations from abroad.
That the time may come when the production Of wool
will exceed the quantity required Tor consumption, Is
true enough-but we cannot believe, without strong
evidence, that this is to be introduced smultane-
ousy with the wool clip OF 1916. The buyers may be
ready 10 preach this new faith which so well accords
with their interests but we do not yet see grounds Tor
it. The other causes mentioned are obviously tTue
every body understands that the Tariff is threatened
that war exists with Mexico that rupture with Ut.
Britain is not impossible, and that capitalists are tmld
and give new twist their purse strings as each un-
favorable umor meets their Such are the fruits
Of Folks poicy-of Locolocoism; and il is not 10 be
disguised that they may, and in oil probability will,
work to the injury Of the woogroweTs, unless the gov
eminent shall seasonaby relax its war upon the Tar
III, and its other mschievous measures. We have
hopes that il will do The vast military expendi-
lures (say thirty milionsD required this year, would
seem TO leave excuse for touching the Iariti; and
we almost ate ourselves that the Locos will not dare
either 10 repeal the Tariff pass the Subj Treasury.
Then as To Great Britain; all at once the ardor Tor
The phole of Oregon has been strangely cooled, and
even the Loco Foco Committees Of both Houses oil
Congress have recommended the posiponement of the
bill for The occupation Of Oregon until the next ses-
sionl IL is astonishing to see how suddenly the in
tense zeal and vaor Of these immediate occupalonsts
yielded when il was found that war had really come
even a war with one of the weakest nations Of the
earth What would these fellows do II England were
10 take them their word, loudly and boldly given
three months ago and suddenly and quietly
withdrawn But glad TO see the party 10 pow
forced to more prudent course, though it be don,
80 ngloriousy to them; it is good sign, which WI
hope will have effect in restoring somewhat OF the con
hdence which business men had lost.
On the whole we advise the wool-growers not Il
be too easily dishearened, to yield very readily e
any serious reduction Of prices. 7 he times appea
somewhat unlavornble now; yet we have named som'
sigas Of amendment. u, however, Congress come
boldly up TO the work Of carrying Out the policy OF h'
President, indicated in the winter, the woo-gowen
must expect to suffer.