The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-10-10
FINANCE AND TRADE
WOOL.
WOOL.
NEW YORK.

WOOL.
NEW YORK.
On Thursday last there was large
auction sale of wool in New York by
Messrs. Bauendahl & Co., which was
well attended both by dealers and man
ufacturers. There were offered in all
So lots of wool, and of extract tlocks
and bags. OF the former, 33 were Cape;
some of these were very good, some In
ferior, and brought prices above domes-
tic fleece. The Economist says that lot
80 was IA lot of XX Pennsylvania, which
was sold before the sale for Gle. Lot
80, 5000 lbs of y Pennsylvania, 5l3c,
Hilsen g. Co., Philadclphia; this struck
terror into the bears; this was to have
been sold at 47tc, and they were thun-
der struck when, even at that price,
$4,000 lbs were withdrawn. Lot Az,
5000 lbs No. at 454c, to Duncan & Son,
was another cause for grOwls, and
another when 5000 lbs were withdrawn,
rather than sell for less. and lot OF
coarse sold for 43c, to Whitehead n
Legg, which subjected them to rather
sharp lecture from n friend or guardian.
Lot Al, 10000 Ohio and Penn, 5l!c, to
George Green; 10000 lbs more with
drawn. Lot AZ was 10000 lbs Virginia
at sole; lot 43. 5000 lbs n. u, fleece at
Il4c, and lot Al 5000 lbs western fine at
Ale per IL. The market was very quiet
previous to the sale; parties were wait
ing its result. The amount of weol up
on this market is small for this season
of the year, and there is more firmness
than has been manifested for some time.
There is a general feeling that al nec-
cssary concessions have been made to
manufacturers, and that they cannot
reasonably look for more. While west
ern holders manifest no disposition At
pres MT to trust their wool into the
hands of Eastern houses, they are dis
posed to hold their wool until parties 60
out there to purchase. Perhaps there
never was a time when there was such
a universal dissatisfaction among West
crn wool dealers as at present; the gen
eral feeling is that they have not been
dealt with in good faith that they
have paid the commission houses to at
tend to their interests, and instead OF
that they have looked To the interests
of the manufacturers. OF the merits of
this case we are unable to judge; we
can only say whether their remarks are
clothed in proper language or not-this
we know, that it is "a subject of very
tall swearing, we think rather more
than the wool is worth at present prices
BOSTON.
There is no improvement to note in
the wool market, which, according to
the Bulletia's report, continues depress-
ed, and prices for all grades, excepting
very choice, full-blooded staple, rule in
favor of buyers. The stocks are large,
and holders anxious to sell, while the
exisencies of consumption are by no
means pressing.
Most of the large manufacturing cor
porations are temporarily supplied, and
not disposed to pile up stocks of raw
material, with accumulations of goods
on their hands, which they find it very
difficult to clear Oft at the bare cost OF
production. Most VI the small consum-
ers are similarly encountered; and, in
view of the present stringency of the
money market, no one is disposed TO
lock up funds i'll any commodity not
wanted for immediate use.
In this condition of things, with buy
ers scarce and Indifferent, some wool
holders are rather disposed to press
sales at n little further reduction
though we are not prepared to say that
this is generally the case. On the con-
trary, there are some owners of lots OF
very desirable staple who are holding
above the market, and will doubtless
continue to hold till a much later period
of the season, unless wool prices shall
in the meantime improve. This may
possibly occur when the cOnsumptive
demand shall begin to run almost eX-
clusively upon fine staple; but until the
article is actually wanted for consump.
ton, no such improvement can bee xpec.
ted to take place.
In regard to the value of choice do.
nestle woods, buyers and sellers are
just now apart in their views. The for
mer are not willing to give prices rela
lively higher than for the low and me-
dunn grades, which are wanted for pre-
sent use. But the latter, in view of the
scarcity and relative high cost of fine
foreign staple, are confident that the
corresponding grades of domestic will
command higher rates before the close
of the season. and intend to govern
themselves accordingly.
There is no lack ofordinary fine, three
quarter blood extra wool, which in fact
constitutes very large portion of the
whole crop, and is now more plenty than
the medium and coarse grades. The
former is not held back, but offered free
ly at rates which are relatively low as
compared with other qualities. But
wool strictly graded as double extra and
above, suited to the production of the
better class oflight spring fabrics, is in
very moderate stock and will doubtless
be scarce before the first of January.
Pulled and combing woods continue
relatively depressed, though their man
ufactured products begin to exhibit a
little Improvement. California and
Texas woods are dull, and only clean,
aforementioned lots can be made to re-
alize former prices. .
The stocks of foreign woods, held in
bond, have been considerably reduced,
of late, by re-shipments to the European
markets. Importers, despairing OF
being able to realize prime cost under
the tariff, have naturally taken advan-
tage in wool prices on the other side. to
get rid of the bulk of their stocks of Cape,
Australian and Mestiza staple, by ex-
portation. The balance of duty paid,
now on the market, is very insignif-
cant, and mostly held above the views
of buyers. -s-,r.-s ---a,-...sF
Sales of domestic fer the week have
been moderate, and foot up about 70O,-
600 lbs. at range of Soc to soc for
fleece, and 2Sc to SOC for the various
grades Of pulled. Included are q, 900
lbs. fine Ohio, 45ic; 1900 lbs do do, 4Sc;
1000 lbs medium do, 45c; 5000 lbs fine
do, 52!c; 5000 lbs do do, SOC; 5000 lbs