Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1866-01-24
WOOL.

From the U. s. Economist. Jan. Is.
The market during the pat week may be truly
designated as mOderately active. The fall in the
pric- OF gold has tended to check operations to a
c nsiderable extent. but has not abated at all tn
dispositions of holders to part with Their wool al
anything less than current rates, though few are
louking for any adv nee: Tor if WOOL holds Its own
under the rapid decline Of gold, holders. We think,
should be sa' isied, for the fall in the pHre of GOLD.
makes a difference OF about &c per ID upon the finer
grades. When is certainly an item worthy OF consid-
GRAFTON. Yet there are none who expect that WOO
will decline as rapidly as gold. 1t Is trae that for
eign woods which are paid for in gold, will be i'm
mediately affected by its price. That importer
will accent of lower terms is a question which tue
law Of supply and demand can alone determine,
and according to the We Y valuable circular OF sta
tisties, computed and issued BY Smyth &Lynch, the
supply COMPARED with some of the previous yeas.
is q ire limit:dS tr Instanee, IN lo6z we imPoTtel
bates: while in 1865 we only imported 55.49 bales
not half of the two preceding years, and 35,404
bales less than in 1862. While the amount Of do
nestle WOO in this market was 10000 ls o the
first of January. 1856. less than on the first of jan
uary. 1865: while the large arrivals from California
and texas reduce the tOial difference 10 100000 ms.
Yet We must bear IN min 1 that a very large por-
ton of Texas vol Is in 4 vers bad condition.. hav-
a great portion of II laid out exposed to the weath-
er for the last four years. protected IN some eases
only by n hoard roof supported on poles: sOue
of il has been sacked and laid upon the ground,
unprotected by anything, so that very feE bale
reach this market that are not in a damaged con-
djtion; consequently The amount ofwool sent from
Texas will not affect the market. The amount OF
wool received at this port from all the States lately
IN rebellion amounts 70 one million and a Ia Us,
less by One-half than some of our largest manufac-
tories consume in a year, The decline In the pric
Of gold will be likely TO affect the price OF woOlens
to SOme extent, their price being moTeimmedia-e ely
under the control OF the gold market, which Uper
ates diferen ly upon the wool market; for the Trice
Of the wool N trkei Is governed to a greatextentb by
the cOnsumpu n IN Europe. If the prospects t'cre
are favorable 10 a large ex. OTt trade to this cOuu-
try, the the consumption Is greatly increased; snd
England having to obtain all the wool she manu-
AHwuaa into hna m.nAE 60 Hawnnwm nnmmMWHnZ- nH
Ehieh she Is the larges consumer OF any country
in the world. the price Of fOrei n wool Ia this cOun-
try Is regulated by the demand for 1t IN England,
as we'll as by the price of gold, while the two oper-
ating against eacd other. tends to a certain eX, ent
to steady the price; for instance, If gold tails Ing
land lends US more cloth and consumes more wool.
when reduces the price of cloth, but enhances the
price Of wool But II might be urged, II England
manufactures more, our own manufacturers must
produce less Ibis NAV not be tue case, for II the
manufactured artel" falls N price. the conSump-
ton l. greatly increased, and consequently the de-
mand for the raw material increases. Inc demand
for fine woods Is not going to fall on 10 any great
extent, when manufacturers stop manufacturing
spring style, as fine wool is consumed in the manu-
facture OF fall and winter goods as we'll as IN the
spring good though the number of yards prOduc-
ed may not be as many; yet the extra weight Of the
winter goods will in a great mea,ure compensate
TO the lesser number Of yards prOdueed, and hne
wool continue In as good demand during tue sum
mer as the winter. while the medium and coarse
woods are now in mUre demand than for some time
past, The price Of these Is regulated by the price
al which foreign WOOls Of the same glades can be
had. During the war the price Of these grades
went up t. an enormous .. Ice 70 the utter mes lect
of finer woods. and now that the extraordinary de-
mand for coarse wOOlens has ceased busin,s S. has
been seeking its accustOme I channel, aud these
lower grades have been finding their relative val
ne to fine wool. Yet 50 long as Scotch weeds aud
cassineres aud irish fsiZ- c are IN such demand. the
lower grades Of wool wIl command isir prices.
while tue price Of combng woods must a1yance--
Tue Reciprocity Treaty terminates IN March,
Good Canada cOm5ing wool Is worth IN Ehgtsld
45c; IN Canada. 45c, gold; t. this ada duty OF l2c
and tea per cent. adyaloIem, aud We shall have "A
gold value of 6lIkc. The only question l., eaa our
Sorstei manufac urers afford 10 pay this price and
manufacture adyantageUusly