The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1865-08-16
Wool.

New York Economist we have had
another quiet week. 1t was generally
supposed the snction sale of Wednesday
would bring in late number of buyers
such, however. was not the case Ii Is
true that there was fair attendance OF
buyers at the auction, though all the
good lots sold at prices at which they
have been selling at private sale. There
were SOD lots. however, which We're ex-
ceedingly bury, very undesirable, aud
upon which it was impossible to put any
real value; a shrewd Yankee might guess
their value, aud if he Guessed little
enough would be very likely to have a
margin. that is, if he bought for less
than he guessed.
There arc two things which We think
the sale has developed. The first is, that
if fine Mestizo brings 40c. per Id at an
auction characterized for extreme eau.
tiousness, and for an absence of all spec
ulation, it will certainly fix the price OF
the good grades of domestic fleece at oOc;
for the Mestizo would certainly shrink
two-thirds, which would bring the
secured Id up to Sl20, while the sOc
would shrink little more than one-third
while the working properties after
securing would be in favor of domestic
wool
The next point developed is the eX-
treme caution which will govern the
operations of BUYERS during the whole
of the coming season. There will be no
rushing to buy, but simply follow the
arbitrary law of nature. purchasing
when necessity compels, and no more
than necessity requires. In fact, manu-
facturers are adopting the same policy as
farmers; the latter selling only when
the very best opportunity presents, the
former buying either when compelled by
necessity or when a favorable opportu,
nifty presents itself.
We have heard it stated that quite a
large number of manufacturers have sent
orders within the last few days to their
agents in the country to purchase at the
farmers present prices. We do not vouch
for the truth of this. but understand that
they prefer paying better prices IN tbs
essafry than ran thefisk or paying high
er i'm the Eastern markets, which il GER
tainly appears now they will have to do
for notwithstanding the quietness of the
market, prices are gradually going mp
wards, and stock does not accumulate
but sells as fast as its arrives; in fact, ii
we were to guess, we should say tina,
there was less wool in the market TO day
than there was q week ago.
Western farmers are holding as tena
ciously rs ever for high prices aud with
every prospect of realizing their eNpec
tations. Wooleus of every description
are selling well, and prices considerably
in advance of what they were when wool
was &C. per pound more than it is now
and the only reason why manufacturers
do not 90 into the market and purchase
is because if they did, wool wonld imme'
diately rush up. For somewhat differ
ent reason the farmer keeps his wool out
of the market for should he rush II upon
the market he would soon rush prices
down; the result, however. would affect
the rockets of both. The manufacturer,
by not rushing into market to bny, saves
his pocket, and the farmer, by keeping
out of the market will save his; the
money broker will suffer the most
During the week prices of coarse de
scriptions are a turn in favor of the buyer
while fine qualities are slightly frmer
with good inquiry
We are we'll informed that compare
lively little Wool has changed hands in
the Western States, while Pennsylvania
and Ohio are still holding for 70as0c. and
every day increases the prospect of their
obtaining the prices asked, while the best
lots In the State are yet inthe hands OF
the farmers.
The sales for the week include about
300, 600 pounds fleece at 60a75c for low to
fine, with some at s0c, including 10000
lbs choice Michigan. 65c; some Pulled
which is scarce, within the range $4,000
lbs California, 37a43c; for best Spring clip
33a36c for best Fall do. with bury at 25e
32c; about 1000 bales Cape, part 36a45c
for we'll conditioned; 45$bales Mestizo on
private terms some Santa Fe, 3lsi 1900
bales unwashed Virginia (Richmond)
Acc; and 43 bales MestiZo Sheepskins on
nri rivata terma