Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1865-07-27
The Wool Market.

The Wool Market.
The following says the Rural Now Yorker,
is published with hearty Endorsement by
the us. Economist and we add our own:
As the season of the new clip is at hand,
the usual influences to depress prices are
being resored to, and wool growers will re-
auire extra nerve to contend with parties
whose interest it is to buy cheap. Manu-.
facturers, dealers and spectators are all
croakers; they are invariably so at shearing
time. We hope the farmers will not be
deceived by any false reasoning. There are
facts affecting the great staple which should
steadily be borne in mind. Leaving out OF |
view the sudden and great changes that
have taken place in the markets during the
war, brought about by demand for army
purposes, fluctuations in currency, &c, and
looking at the records of the trade ior about
forty years preceding, we 6nd the average
price OF fine and medium fleece wool from
1897 to 1861, "a years, to be 463 cents per
pound. ...' r..I -.-yta
During all that period foreign woods were
| admitted at very low duties-some descrip
tions entirely free. The consumption of
wool in this country has at all tiUes been
largely ahead of production, and hence i'm.
ported woods have generally controlled
prices. q.
In 1864 the clip was estimated at 100000.
600 pounds; there was imported from abroad
during the year IS. 600 O0O pounds-most OF
it prior to July l-beioIe the new tariff took
effect.
Now, we find, on inquiry, that the stock
of old fleece is almost exhausted, and that
the supply of foreign is very much reduced,
while imports have fallen off rs per cent.
, from last year. at corresponding periods; the
| first four months of 1864 imports were 54,-
t $40 bales against l6,Sl8 in 1865. Import
ing wool is now, and has been fer several
: months, losing business; the market must
. improve or it will entirely cease
t No, cease it cannot, will not, save Tor a
period as manufacturers have been and are
> now coming" money, and must be sup
T. piled with new material.
4 There seems to us no good reason for
! prices being below at least 80 cents per b.foI
the average Of American fleece wool.
!, For "a years we have shown the coin price.
il was...... .....4o3c
IS Add gold premium, say 4Up per ccnt......lSic
It To equal average of years should bo..63ac
:, at the present time, without reference t
!. the protection which the present tariff give
70 to the wool grover. .a,.,
With view offostering and encouraging
D. the manufacture of wooden goods in th
ar United States, Congress laid duty OF
n nearly all fabrics OF wool imported frou
n abroad, of "a cents per tb., and 40 per cent
,e ad valorem. The following is the scale c
Mt duties on wool, viz:
IN OF the value at the last port or place 0
A export of l2c per fb or less, Sc per ib. y
d the value at the last port or place Of expoI
Of exceeding 12c and not exceeding 24c, &c pc
of ib. OF the value at the last port or place c
| A.. IL lin
D.. 32c, lOc per 10 and 10 per cent. ad va ore n
,r When imported secured, three times tt
d. amount OF the above duties.
~ Very little of the &c duty wool is Imported
D.. the great bulk costs abroad IRON II TO "a
bv and pays &c coin. The heaviest imports ar
nd from the river Platte, Cape Good Hope al
Mediterranean. All the woods are importt
re-. uuwashed, and waste twO-thirds average
10; securing, so that there is an actual duty
dl l8c per pound coin, on clean wool. Ac
,00 gold premium, and it gives the Americ,
or. wool grower protection of 25c per pour
lrv on secured; or say one.third off, and bring
,in to the condition OF fleece washed on Il
ion sleeps back, and VIC have lie per pound
he against the fUrcign article rendered to equ
oss condition.
Of Thus leaving out of view the state of t
ma market for the last four years, which W
W. irregular, cXcltcu anu VarluuS WIN Soiu a.
en-. exchange, We should reason that WIN
Ter existing and natural cause, wool ought
md command:
~ Average oi "a years prior TO is6i'''''''.'.'''4 40
ie' Premium on gold NJ llO....... lie
lay Equivarni oi duty on Ioreisn '''''''i
tile s1
1oo or say s09c per pound. With the gre
ng- Son,Iern markers now thrown omen an i
ser. -, il o;y., to the manufacturing n,
Il 4. L.. Hood I,
= of wool and WOODEN goods do IT still larg
advnnen II l,nr of the Trihunc