Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1861-10-30
European Wool Trade-Demand and
Supply.

The statistics of the wool trade present
some striking points concerning the sources
of supply, which are suggestive of the fu-
ture not distant in the cotton trade.
Most of the European States have become
buyers rather than sellers in the British
wool market-their own clip failing to
to keep pace with their domestic wants
This tells largely upon the British market.
which has thus to supply partially, instead
of being supplied by sundry continental
countries, in addition to its own increasing
domestic demand
Russia is the only European country that
has increased its supply for England this
seasOn-even Spain and Germany greatly
declined in that respect.
1t is curious feature of this trade, that
a great and growing supply of imported
wool, calculated to meet the increasing de-
mands thus brought upon the British mar
ket, reaches England from colonies that
were but recently considered the "Outer-
most parts of the Garth"
Southern Africa is prominent in this
bushes. The republics of the interior, in
the Orange river country, &c, lately volun-
tarily emancipated by Great Britain, as we'll
as the colony of the Cape of Good Hope,
especially the province of Natal, are stead
lily extending their range of pasturage and
increasing their wool clip.
The several Australian colonies, not
withstanding the attention required and
the obstacles interposed by gold-mining Op-
erations, causing high wages and increa ased
demand for slaughter for food, have also
largely increased their focks and their wool
clip.
The British East India possessions like
wise exhibit a considerable increase in
shipments of wool. Tasmania shows a
small increase. And even the warfare with
n, natives of New leland for our British
friends sentitive as they are about our In
d;sns and n, ,orOes, have occasionally some
little excitemrnt in this way, as witness
the troubles in Caffra.-Sa, and among the
Sepoys and other Indi2us) tHas not prevent
cd that important colony from senaing H.
cree qcd supplies of wool to EmCC,ne-
The imports of wool into England from
the above mentioned sources reached a.
aggregate of nearly two hundred and fifty
thousand (24S,3lD bales during the first
seven months of this year, being an in
crease of about twenty seven thousand (27,-
660) bales over the first seven months of
1860. The proportions of this increase
were about as follows About six thous-
and FIVE hundred bales from British India;
three thousand five hundred bales from
New Zealand; five thousand from South
Australia. and e-othSE-A nstralian-
colonies as follaws: Victoria, seven thou
sand bales; New South Wales and Queens
land Jointly, about five thousand bales
Western Australia. about holding its own,
showing no increase. Much of this wool
is of a low character dirty and greasy
hurried to market without that care which
such all important staple should receive,
and selling at prices corresponding with
the manner in which it reaches Europe, in
the anxiety of wool growers and shippers
to realize returns. But these defects will
soon be mostly remedied. 1t may be added,
in this connection, that these extensive
imports of colonial wool during this season
notwithstanding the altered relations be-
tween the English and most other Europe
an wool markets already mentioned CON-
bined with the diminished American de-
mand for British manufacturers consequent
on our Morrill, tariff and the civil war, aid
in slightly depressing the price of the con-
siderable stock of British wool held over
stree last year in hope of high rates being
maintained-though on improving conti-
mental and home demand; with easy ac-
commodation for money indicates brisker
business in woolen goods
Now, in view of the change thus effect
ed in the wool trade-the present great
sources of supply being found chiefly in
regions only recently known to civilized
labor and capable of almost illimitable
production-what may we not expect from
the efforts simultaneously made for cotton
culture throughout the trOpics-stimulated
as those efforts are, by motives and means
such as never before quickened any branch
of industry? The revolution quietly work.
ing in the Wool Trade fore shadows the
destruction of the Cotton Monopoly; and,
with that downfall, what becomes Of the
paying value of slavery and the political
tyranny of the Shareholders?