Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1866-04-25
Wool.

From the United States Economist of April Il.
Notwithstanding the great reduction in the
price Of wool, the market still continues duiI
Msuufacturers appear 70 nave no tsltn n 1ne -
sire any advance; they manifest a readiness to
ant ieipate q geld standard. and they feel that
nothing will so surely and safely bring about a
resumption of specie payment. and aid in bring
ing up the currency to q specie basis, as TO get ali
kinds Of goods down; Then they would have no
desire q very high price for their goods, provided
they car obtain Ia Dor and raw material at such
prices as to afford them a profit at low price
for high prices e1rtail consumption more than
Last week an effort was made to excite the mar
fet by the report that Congress would increase
the tariff on all wool costing less than 24c at the
port Of expectation to lOc per pound and 10 per
cent. ad valorem. and that the tariff on woolens
would be prOportionRtely increased But this
failed to induce manufacturers to purchase.
Two years ago, in anticipation OF an increase IN
the tariff. manufacturers rushed into the market
and bought largely in the months of March and
April; as q consequence prices went up import
ers sent out orders for foreign woods and large
quantities were imported in anticipation Of the
advance in the tariff. But importers dread more
the decline in gold than they do the advance of
8 are not the friend of the farmer, but because We
are his friend; and We know that his permanent
interest is not dependent upon high tariffs, but
upon the production o iust such wool as cur man
ufactprers require; and they will only produce
such goods as the wants of the people demand.
and we hope that the day Is not far distant when
every yard of cloth which the people require Will
be woven in American looms, and every pound OF
wool raised upon American soil; and a tariff which
would fac litate this We would favor; Whle one
which would retard or prevent such q consumma-
ton, we would oppose with all our might. We
have every reason o hope that prudent counsels
will prevail, for we find few who are at all excited
under the circumstances- Our reports from Eng
land are that wool has advanced since last No
Vember three or four cents per pound on Capes
on unWashed, but WOOL here has declined Tor gold
has fallen 20 per cent. =.
week good. handsome Texas wool has sold at 25e,
unW&shed, 1t is true. but II was Of a good medium
description. They have begun TO shear IN 1exas.
and the new clip is finding its way into the Texas
market. We are informed, upon good authority.
that the farmers in that State have taken more
than ordinary care. with II, while the mildness OF
the winter has produced q much better staple Than
formerly. It is selling there for lUG2Oc, gold, I'M
washed; this Wonld be from lzx to Ec currency;
to which If we add the cost OF purchasing and
transportation. Sc, we shall find there Is no margin
between the two markets. unless i be IN the new
clip being IN 6 much better eOnditiIn ; for, - a
general thing. the wool which has been kept upon
the market. on account OF its having been Kept Ov-
or the years of the war, is in rather poor condition.
Fine WOODS are not In demand hne woods are not
paying the cost of manufacturing. on account OF
the greater amount Of shrinkage of the WoUl and
the greater amount of labor required in the pro-
duction. labor being now a serious item in the pro-
duction of all classes of goods. Medium and coarse
woods are in more demand with these shOddy can
be mixed mp 10 advantage. aud a much. greater
amount Of work can be got of with the same
amount Of labor, and the goods can be sold at such
prices IS 70 meet with many purchasers; c0nse-
quentiy there are two buyers of these goods TO one
of the former, and they bring a comparatively bet
ter price. But we must close this report with the
old statement-sve rythiDg is on the declines there
Is nothing settled and nothing Satisfactory
Our sales annexed will exhibit a larger business
than for several weeks past, there being a number
of heavy operators in the market st present low
prices.
The sales for the week include 10000 bs fleece.
ranging from 5000. OF which los 900 Ds was sold
BY one Broadway broker at 46g5I1zc; $1,000 bs
tub washed, sec; ll5.O0O DS Texas, l5GSoe, mostly
2l@z5c; 1900 ms pulled. 1905 for suPerhne and
extra; 40 VDs unWashed, Sc; le,ON IDS CahtOTpla,
A9S5c; 80 UO ms Mexicsn, on private terms: au
baIes Mestizo, 2l@24c, gold; Is bales Cape, S1c;-
20,o00 ns Iowa heec. 40@47ei 5000 ns Southern
23GZ7c.
Entire lots of Western wool, 4595e; Michigan,
New York and Vermont. 6. 500, 51I @60c; Ohio,
Pennsy lvania. and Virginia. 5U96I16c Western
grades, coarse, AO942Ec; medium. 45@4sc; fine. 81
9520hi0, Pennsylvania and Virginia. choice selec-
ted SaxOny, 100 5c: full blood. 6597Uc; z do. 60g
CSC; Il do, 55@60c e do. 48951c; common, s59i7e;
New York, Michigan and Vermont, full blood. s.
@6ec; q do. 4Z1z45c; coarse, 4O942S California I'M
washed, &936c; Texas, 2O93Oc: OregeR unvashed
H642c; Southern unEashed. sue $50: pulled NeE
York City, 5957c7s u crime. 4og52e; western g
@45e. country extra. 55G60e; country superhne, a
@55c; Cansds. 55@75ei BueLOs Ayres MerlnO, 2@
35c; Mestizo. 21932e; Entire Rios, 2u9Sle:, CordoyS
washed, 34G57c; DonskOi washed, long white. 4Wd
A5e; long black. z9SOc; DOnskoi uhT2shed, Ze
re.