The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1856-05-24
VOL. XVI.--NO. 80.
The Wool Market.

We regret that the wool market this sea.
son does not open as favorably for the farmer
as we could wish. The wool business is
soou oeat ot monopoly in this city, as well
! as IN otHer places, and dealers generally con-
triVe 10 get the stocks out of the farmers'
hahds at 10" hgures and then hold them till
they bring the manufacturer to te,r,o I,
would appear that last year a iarge NORTON
Of the wool raised in this country. got into
the hands Of spectators, who dictated their
own terms TO manufacturers, to which tho
latter were obliged to accedc, and that con.
scgucntiy, the spectators had it pretty
much their own way. This year, it appears
evident, that the spectators and inanufac.
turcrs have entered into mutual under.
standing TO cry down the markets. They
assert that the importations from Australia,
Saxony, and South America are unusually
large, and that the markets must come down.
and II they are determined that they shall
come down, we see no help for it, unless that
the farmers refuse to Sell. But this tbcv
cannot always do, SO many difficulties lie in
the way. They cannot always safely store
their wool, and if they did, the loss in weight,
interest on money. &c, would probably more
than make up the difference in prices. while
most are in want Of the funds to meet their
usual engagements. For these reasons farm.
crs, as general thing, are obliged to submit
to the terms Of spectators.
In our market there is scarcely sufficient
wool coming forward to establish prices. We
do not anticipate, on account Of the extreme
Iy cold and backward spring, that receipts
will begin to forward freely until about toe
10th or 10Th or June. We hear Of a small
sale of three-quarters blood wool at 90 cts.
which is very low, considering even the very
low range Of the eastern markets. The
range in our markets is a: present about
25a35 cts. per ID. for common TO three.
quarters blood samples. There is little or
no wool Of higher quality than three.
quarters blood brought to this market The
fall IN the eastern markets has been fully
3a4 cts. per 10. within the past three weeks.
There are but two or three buyers in our
market, and one Of these buys more than
half OF all that comes forward.
We append the range of prices ia Chicago
for some seasons back, which will show tho
state Of the market during the period en-
braced in the table:
1862. 1853. 1851. 1876. 1876.
June, ls,29 40a4j 2Ja3Q 2ya3i 25-a5
July, 25a3G 3Sa50 23J3I 25a3G
Aug. 25a37f 3ja4j 2ga3o 35a8S
At New York the market has continued
to rule dull; the sales being niy for imme.
date wants. The stock is small and the i'm.
preston is that il will be sufficient far tho
demand. Prices have not varied materially.
IL is stated in Nrw York that syecuators arc
already III the West operating on the new
clip. One New York circular has the FL.
lowing Farmers will no DOUBT take into
consideration the increase IL the home bro
dacton, the probability Of . removal Of the
WOO! duty, manufactured goods selling low.
and embrace this opportunity to secure
these lucrative prices. PGlled wool has de.
clincd here, (New York) and tie demand is
quite limited; 3Sc for Super, and 4la42c for
Extra Foreign is well held; the stock is
small. "
The first sale Of this year. clip woo made
Yesterday, by Mcssrs. Bishop & Ladl of
Champaign county, to Messrs 4. Z. Kent
:. Co, dealers on VI els street, between Water
and Lake streets. The lot was yerv iino
s,vV0 los. and the price paid was y cts per
lb.-Ch Dem.