Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-07-27
., From the MY. Tribune.
The Price OF Wool,

o to wool until better prices are offered
y We are offered here 65 to 60 cents p,
q pound.
Q III. Would you accept of 81 per bush,
o for old red wheat?
"III. Does the rise and fall ofgold eau:
r a fuctuating value of produce
. "IV. When this war shall have endet
/. will we have what is termed hard times
If so, what will be the cause of it2 W
!, have made no foreign loans, and our onl
9 debts at home.
o "V. When our vessels are captured b.
! Rebel privateers and released on givinl
bonds, are they good and negotiable, an
mvT = ,rs;,1Jtb;s - gain information
wi N.Y.: IL piease Mfase fhrfS Inform me why victor
or defeat causes the rise or fall olgold ?
81 am a farmer, aud would liksns9 b.
posted, and would like an honest answer
which know you will give"
Il. We have Intentionally said nothing
publicly about wool, beyond giving correct
reports of the market, showing its regular
decline, and also the decline of sheep,
from which the inference might be drawn
that the decline of wool was not a mere
speculative movement ~.
Early in the Spring, we answered pri-
vate letter involving the interest of a COM
munity of people in large lot of wool, in
which we advised the sale at 65 cents o
pound Mt the farm, and at the same time
stated that if Grant took Vicksburg gold
would decline, that if it fell below 40 per
cent, we believed wool would go down to
$4,000 cents per pound, and perhaps low
er, and that it would depend upon the
events of the Summer whether it rallied
in Autumn above those figures. Previous
to the war, the average price of wool for
years, we think, did not exceed 40 cents
pound.
We have not the hottest interest, direct
or indirect, beyound the price of our warb-
robe, which is not extensive, IN the. price
of wool, but if we did own a clip in Mich
igan, of good fair medium wool, such as
is general produced in that State. and
were offered so cents a pound for it, we
should say, as the auctionSers do: "the
gentleman will please leave deposit. -
We certainly should fear the bidder would
hear ''news from the South, which would
induce him not to return.
II, and III. The price of wheat, which
is an exportable commodity, is certainly
affected by the rise and fall in the price of
gold, and with that at 25 per cent it ap-
pears to US that one dollar a hushel for
wheat in the interior OF Michigan is all
that could be reasonably expected.
w. The cause of "hard times" when
this war is ended, WilfrnUt be ou account
of the National debt, but on account of the
hosts of unemployed meu. Men who have
been three years in camp, do not readily
return to the industrious pursuits of civil
lied life, and there is no cause of "hard
times" in any country so potent as that of
,r,nIoyad hands The Nntional debit will
blow away among the chat that national
industry produces. In the transition state
from peace to war, and the reverse, ma.
tional industry is apt TO be paralyzed. IL
it is so at the end of this war, the farmers,
who have lately felt prosperity, will be apt
to feel the "hard times" When there is
no army to feed, and when there are many
idle men, because we still import many
things that we should produce by Ameri-
can industry, farmers will realize that war
times are not the worst times, if that war
is waged for holy cause.
V. The bonds given for the release OF
vessels captured by pirates, will be good
and negotiable" when the Rebel govern
meut of JEFF. Davis is established all over
the United States, and not before.
vi. Let US answer this question, Yankee
fashion. If you had gold to sell, which
you held at 90 per cent before the battle
of Gettysburg, would you have been rather
glad to sell at 40 per cent afterward z Or
at 3e per cent after the fall of Vickburg 2
and so on down the scale as the Union
prospect rises. trra
In conclusion, be assured that the price
of gold does regulate the price of wool
and wheat.
Waiting for Something to Turn Up.