Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1848-05-24

We cory the following from The fhiiayeI'
rhis Commercial List ct lhs 20ih inst, eod
believe the views expressed agree with lie
opinions Of all ihe large dealers both eest and
west. Our friend. Id the country who grow
Wool. will fad ont sitera while lie advan-
tlees OF o3rai0rfm duty on this valuable STA
ple--in other words, how CRAFTY indebted
they are to the free irad., Loccfoeo Tartg Of
1916.
wool.
In our article OF last year on this subject.
we expressed the opinion that tie prices OF
Wool would be somewhat higher than they
were ior the previous clip. The result has
proved that We were not mistaken. From
the best inlormaiicn we eau obtain OF those
we'll acquainted with the Wool trade. aud
the general course OF business. we believe
prices will rule lower this year han last; per-
hlps as low as they were in lsA6.
We are led TO this conclusion from the fact,
that the quantity oil goods brought to market
the past year from our own manufacturers
and by foreign importatIons, have been cou-
siderahly greater than was required FOR con-
sumption; hence the prices have been so much
reduced, that loss has been sustained on
many descriptions. Cloths that were sold in
the spring of 1917 at ~ 10 81 30 per yard,
have this spring brought ST. - To 81 10
Otner kinds ut goods have been sold at pre-
porlonate reduction. Undgr these circun-
Stances, no prudent manufacture will cuntin-
ne to pay last summers prices Tor Wool, and
sell his goods at the rates Of this spring
Every country merchant who has been to the
Eastern cities can testify TO the exceeding
low prices OF goods.
Some effect has already been produced from
these causes, Tor, Notwithstanding the stock
OF Wool in market for some months past, has
| been less than usual at the same period in
! lormer years; the price has gradually declined
and still hos downward tendency, and we
cannot see that any improvement will take
| place IN the value Of Wool until goods shall
| advance, which from the quantity in market
and the accommodating supply, may not be for
some time to come.
| Little or no Wool has been exported; but
some that was shipped in SAG has been pur-
chased in England, brought back 10 the Unit
ed States, and sold at a lair profit. Consid
cradle imporlations Of other Woods have also
been made, paving duty OF 30 per cent -
Thus showing the great advantage the Eng
llsh aud other foreign manufacturers possess
IN competition with our own, in the low
prices Of materials, IN addition 10 the diiler-
cnce OF wages paid for labor We presume
tina; the prices oil labor in this country will
not be reduced below its present average
rates, and hence are induced to conclude that
the reduction will be mainlv on the raw ma
terial.
The intercourse and business connections
between this country aud Europe are very ex-
tensive, and we cannot avoid being more or
less affected by the occurrences that are now
taking place in several OF the nations there
The unsettled state OF most oil these countries,
causes great uncertainty in any calculations
as To the results OF trade between the n and
the United States, or the effects that may be
produced on the business OF this country or
our monetary arrangements.
We have frequently mentioned the neces-
silly OF greater care in washing the Wool and
cleansing it from all filth, such as tags, burs,
&c and would not now refer to it but that we
are assured the is still great room Tor improve
nent i'll this respect as regards much OF the
Wool that comes to market. We therefore
urge this matter as worthy the attention OF
Wool-gowers.
With these views, we recommend caution
in making purchases; Tor, while We are glad
to see any or all agricultural productions
yielding full remunerdtng prices 10 the pro-
ducer. we should not be faithful reporters OF
the value OF the commodities and the general
state of trade, Were we in the present aspect
OF business to hold out encouragement for
last years prices for Wool.