The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-06-10
W'heeling gegister.
The Wool N srket.


", have received the Annual Wool
Circular of LAMBERT THOMAS & Co.,
Commission Merchants, Philadelphia.
Among its leading points are the fol-
lowing:-that the depressed condition
Of stfars will beget, on the part of
dealers and manufacturers, great eau
tion in purchasing; it has already re-
ducrd the current consumption below
what was anticipated the present sup
ply Of WOO! is sufficient to bridge over
10 the new clip; manufacturers are
losing money the new clip will be
large and prices can go no higher.
From this il is inferred that "those who
sell their wool in the summer months
will realize better prices than holders
for winter and spring sales" The Cir
cnlar continues as follows:
The new crop of wool is generally
estimated at fifteen millions pounds
larger than the clip of 1866. Specula-
tors have not yet forgotten their mis-
fortunes Of the past two years. This,
with the stringency in money matters,
will keep these active operators, gener-
ally. out of the western market; and
growers therefore need not look for the
the usual number of buyers, this season,
IN the woOl-prodncing regions"
The obvious meaning of the whole
paper is that growers are entirely at
the mercy of the manufacturers; the
hard times will compel the growers to
sell, while the large supply and absence
"f speculative disposition will enable
the operators to dictate prices. This
view We think is erroneous.
In the first place, the new crop is not
generally" considered larger than that
Of last year. The terrible mortality
among sheep, that has prevailed during
the last eight or ten months, carrying
III in many instances almost entire
focks, renders il morally certain that
rhe wool clip for the current year can
not be larger than that of &c. Another
fact to he taken into consideration is
the injurious effect of the season upon
the growing wool; the cold rains have
hindered tho rise of the oil,
and prevented the full matu-
riJy of the wool. From this
cause alone, it is certain that many
heeces will fall at least one pound short
of theirexpected weight. Others will
suffer even more, and few will be as
heavy as they would have become under
the influences of prosperous season.
In order that our readers may form
some idea of the influences of these
causes npoD the crop, We may state
that in single county in Ohio, it is
estimated that they have effected
decrease in this years clip as compared
with the last, of ever one million of
ponnds.
Another fact which the Circular
states, but evidently does not consider,
is the absence of foreign woods from the
market:
The influence that foreign wosls will
have npOn prices of American is fairly
stated by q leading Commercial Jour
nal, which says the movements of for
eign woods will also be observed with
much interest. At present only such
lots of fine staple as were imported be-
fore the last increase in the tariff rates
can be thrown upon the market
without positive sacrifice to
owners. The quantity of Cape wool
held in this country is very in
significant. Most of the new crop
Mestza, now held in bond, will have to
he re-shipped to foreign markets.
Whatever benefit the tariff may pro-
duce, our wool-growers will certainly
enjoy; the entire exclusion of foreign
competitors from oupmarket is evidently
regarded as a fixed fact.
The absence of buyers from the "wool-
producing regions" will not, we imagine,
produce any particular alarm among the
growers. With our present freights
and facilities for transportation, 1t Will
not he difficult for holders to make ar
rangements with reliable houses in the
Eastern cities and market their own
wool, thus dispensing with the services
of intermediate buyers, and putting
in their own pockets the profits of those
parties.
We throw out these suggestions in
order to caution our wool-growers
against the consequences of erroneous
IDEAS of the market for the reason; that
1t will be better than the Circular we
have quoted expects, we have little
donbt. At any rate, the Circular gives
no substantial reasons for that decline
which it anticipates. --,