The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1867-06-20

ing is at hand, and the wool market, not only
trade, becomes matter of present. active in
terest to our readers. In view of this fact we
shall, henceforward, during the season, keep
our readers fully posted on the subject
We have made arrangements with JOHN M.
PENDLEToN, Esq, a leading operator in wool,
of New York, to furnish us brief reports of
the prospects of the wool trade each week
The following is his regular trade circular for
the 18th inst, Saturday last
OFFICE OF JOHN NJ. PENDLEroN.
| Wool and Commission Merchant, ! s
| No. 45 Broadway, n. Y. June Is, 1867. J.
I The Wool Market during the past six weeks
has been without animation, with the tenden-
| cy OF prices in favor of the buyer. The chron.
&c inactivity that usually proceeds the Open
Ing of the new clip has added to the general
lndisposition of manufacturers to anticipate
their wants, and except for desirable parcels,
ales-notWlthstanding the very light stock
on hand-have been difficult to effect, except
al concession in price. Accounts from the
! west indicate thai shearing has fairly COM
menced, and the entire clip will soon be ready
for market. Manufacturers are not in posi-
tlon TO repeat their error of last year in send
ing swarm of buyers into the country. and
the bulk OF this yeae's wool will have TO be
marketed at the east. There is little doubt
that the clip will be largely and considerably
IN excess OF that OF last year, while the de-
mand is not-nor is it likely to Depressing
at least for some time to come
The large accumulation of goods in the
hands OF the commission and importing hous-
es forbids the anticipation ofan active demand
for new productions, and prevents our wooden
mills from purchasing raw material beyond
their immediate requirements. few weeks
however, of healthy trade for wooden goods
would put new phase on the market, and in
splre confidence in the manufacturers to an.
ticipate their wants.
No material advance can be expected be-
yond present figures while the general tenden-
cy OF prices of all commodities is downwards
Advlces from all parts of the country give
promise of prolific crop of cereals, and from
the south We are assured of fair crop of cot
ton. Should these promises be realized, the
feeling of uncertainty which now pervades the
commercial interests of the country would be
dispelled, and a confidence in the future re-
lieve the existing depression in trade
whether we lave an active fall trade for
woolens or otherwise depends upon this and
tine dlsproportIon now existing between the
prices OF this staple and the manufactured
goods will preclude any advance in the for
mer, until it is determined and the excess of
goods taken into consumption
In foreign woods trade is even lower than in
domestic. The stock of Cape has been mate
lions of Mestiza have been held in bond with
view to re-shipment, unless prices take an
upward turn, of which there is no present pros
pect. Already the foreign market is depress-
ed under accommodating supplies, caused by the
absence OF so Important customer as the Uni
ted States, and the Liverpool quarterly sales,
which took place last month, show a decline
of from five to ten per cent
Considerable speculation exists as to the
price al which the new clip will be marketed,
and by many the figure is placed at 40 % soc.
1t is noticeable fact that there is no compe
tition among buyers and in seasons when all
signs fail, we can only await the course of
events without hazarding an opinion as to the
future.
To those who propose handling wool at the
west the present year, we again urge the neces-
sity for care and discrimination in purchasing.
passing by unsightly, tagged, heavy stringed
and stuffed feeces.
This subject has, within the past year or two
been prominent one amongst both manufac-
turers and dealers, and every season the dis
crimlnatIon as to condition and honesty of
packing has been more marked 1 quote
Pennsylvania, Virginia and Ohio
Cboica