Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1867-09-25

NEW YORK.

NEW YORK.
We learn from the Economist that
the market IL not active no are prices
very hrm, although, generally speak
ing, prices are irmer; that is the num-
Der are sensibly diminished whose cir
cumstsnces are such as 10 compel
them to accept very low prices, and
there are very few who are so yery
foolish as to believe that the bottom
has fallen out, and that wool viii new
er reach it but will continue 10 dron
TIL there is nothing left ; and there it
VIII remain. Occasionally a holder of
wool is found who appears to be com.
pletely demoralised and Is ready 10 ac-
cept any offers, it matters not what
rather than hold for another season
WOOL has been sold very low in order
10 meet the condition Of the WOODEN
market, and few purchasers Of wool
will get their money back; but this is
no fault OF commission men ; in many
cases they have done all they could
have not done as well as thew
But it does seem somewhat
strange that wool should have been 40
bought that q loss is the consequences !:
because when the season opened the
WOODEN business was as low as il could
possibly be.
Few factories have large stocks of
wool. The Salisbury Mills have proba-
bly, the largest stock of wool on hand
Of any manufacturing establishmentin
the United States, they bought the lar.
gest in the country Of any other firm.
1t Is currently reported that McIn.
ness, Of the firm Of Tyler, MeInness &
Co., Boston, bought them over A mil.
lion pounds. While the Manchester
Print Works. which in other years
have been large buyers in the country,
have yet bought none, and the Pacific
Mills Company have bought sparinely
both in country and market. There
are very few firms who have got two
months stock of Woel on hand. mann
who have not more than one month";
The effect Of this will be to keen a
market if not an excited one.
Fine wool, 1t is expected, will be in bet.
ter demand in q few weeks; a good
many manufacturers are about chang
.ng their works to the production of
liner goods; manufacturers have been
ed into the same error they fell into a
Year ago, being tempted by the low
price at which inferior woods were sold
% make low goods, and again the mar
zet is overlooked with the poorer
lass of goods, while there Is a scarcity
# the best class ; this want the import
'rs are supplying with bat little com
petition. The great trouble with our
manufacturers Is, that what one does
uccessfully, all attempt ; so that of q
certain description of goods we have
8 plethora, and Of other descrip-
ions q great want, and it IS this in
ONE measure which keeps trade in a
cry depressed state for these poor
.oods. when it is active for the best de.
criptions.
Western woods and the lower grades
f other States are pressed upon the
market, while a good degree of conf.
lence is felt in the finer grades, and
callers are not disposed to make con-
essions on these, but feel that they
I'LL be wanted at better rates than are
on ruling. As yet, however, the
respects for such 8 result are Yery
aint. The demand for goods is not so
reat IS to induce manufacturer to in:
resse production ; there still contin-
es q large amount of machinery mac
i've.
The Waterford strike still continues,
nd the owners appear to prefer that
be factories should remain idle rather
han increase the cost Of production =
or such a course there IS certainly no
beet at the present price of goods
or it is the extreme price of produc-
on, with no chance at the present for
the price Of labor only by
starvation 10 the laborer, that
} depresses the price of wool.
Pulled wool Is very slow of sale in
present state Of depression in the
eece market. Super is more active
extra, as q large amount has been
sed for backing cashmere, and thus
diminishing the cost Of production.-
anada combing is entirely neglected,
i'd q large amount is still in Canada
|, gone to England, little has arrived
the States yet.
Foreign wool Is very quiet under
le present state of the market for do
este wool.
The sales for the week include about
5000 lbs fleece, ranging from ga
&C, except pIcklock, which commands
ncy prices. 5000 lbs pulled, at So
g43c for super, 4S(952o for old extra,
g for MOI and &C for choice. Tex
Is not active, and lower at 26G30c
r best lots, and l6(923c for low de-
riptions. California is dull at 27(G32c
r Spring clip, free of burs, 25(G3Oefor
II do do; bury lots 5al0c per 10 less.
200 lbs Mexican 201G2Ic. 5000 lbs
mel's hair &c, Among the notable
les of fleece are 10000 lbs Michigan
C; 10000 lbs Indiana, 463e; 1900
Pennsylvania, 4Sc; !, 1000 los scoured
10000 lbs tubbsd pail, 45947lc;
BOO los State fleece, 421c, 5000 Wis
nsin, 42lc; 5000 lbs Ohio, 4Sc; 5000
Xxx, Soc; 5000 lbs Illinois, 40c, and
70 lot Of 1000 aud 10000 lbs on prl-
te terms. We hear of no sales worth
porting.