Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1867-07-17
Wool Markers.

We cannot quote any change in the
Pittsburgh wool market since our last
weekly issue, unless an increased dullness.
As the harvest Is now engaging the atten-
ton of farmers, we do not look for any
sales in the county districts for some
weeks to come. Considerable lots are
brought into this city by farmers and
country merchants which are taken by
our dealers at the current prices given in
our quotations.
We learn that a considerable amount Of
wool has already been bought in the sur
rounding counties at about the prices paid
in the city. We do Lot hear of any East
ern buyers or manufacturers being in the
country purchasing wool, nor in fact of
any orders in the hands of local buyers.
We quote course feeces and tub washed
woods at 40943; medium 43@45; fine
woods 45@4Sc and choice clips SOC IN
washed woods 1-3 discount, and heavy
bucks feeces discount-Pitts5Hrg Com
meLeiGL.
BoSToN.
There has been q moderate demand fer
wool during The past week, says the Bull
letin, add the sales have been mostly in
buldA AO1 - W14kC4 4OE CO46umDLlOU.-
Though the actual consumption of wool is
very light for the season, transactions in
this market continue to foot up q fair av-
cage, and do not indicate the measure of
the falling off in manufacturing opera
tons The reason of this is that ali the
wool which goes into consumption is now
bought in the eastern markets, whereas,
usually at this season, manufacturers are
getting their supplies directly from the
country, and hence the bulk Of their pur-
chases do not appear in our local reports.
That consumer are now falling back
wholly upon the regular markets for sup
plies, is the result Of q wise and well-con-
sidered policy. Their former practice of
rushing into the arms Of the w~ool-grower
the moment the clip was OF the sleeps
back. has always proved disastrous TO
his own interests st 3 later period of the
season, by causing an unnecessary infa-
ton of prices. Besides, by purchasing
straight lots of wool in the country, the
manufacturer does not often get just the
quality of staple that he wants, and sitter
it is graded, is frequently obliged to sell
q portion of il fos whatever 1t will bring.
The presentcondition Of the goods mar
ket Is such that wool buyers take hold
with the greatest reluctance, and cannot
be induced to anticipate their wants, ex-
eept at very low figures. Hence prices
of sll grades are gradually settling
down, and must continue to do so until
they reach O point at which the produc.
ton of goods can be resumed with profit,
or until the latter shall materially i'm
prove both in price and demand. The
last mentioned solution Of the wool prob
lem is certainly most 10 be dreaded; and
with full crops about to be realized, and
the Western markets bare Of seasonable
goods, there is a fair prospect that the So
luton will soon be reached.
New. wool, though rather late in the
among western buyers, is now beginning
to come forward from nearly all Of the
wool growing States, aud in fair sized lots.
1t is estimated that there are some 5000
bales, or from One-half TO three-fourths of
a million pounds of the new crop Of west
ern now on the way to this market; and,
with general disposition to cell at reason
able rates on the part of growers, it is
probable that much larger consignmen.s
will speedily follow. At present it is
coming along just about as fast as wanted
fer consumption and to keep up 3 good Sc
lection for buyers, who are thus enabled to
supply their wants in all grades without
going into the country. The new wool
coming forward from the west is mostly in
good condition, and we note sales, both here
and to arrive, at relatively fair rates, as
compared with those Of old staple.
From first hands we hear of sales in
Ohio 40 to SOC. Some growers are hold
ing considerably above these rates, but will
hardly be able 70 fnd taker1 in the pres
ent state Of the eastern markets. Indeed,
it is doubtful whether any description OF
wool, which is bought up at over SOC, will
reach any margin TO the buyer or consul
mer-
Sales of domestic for the week have
been fair, and foot up some ESQ., 900 lbs at
a range Of 81 AZ to 65c for fleece, and 30
to sc for various grades o. pulled. 1nelu-
ded are 5000 fbs medium OHIO fleece at
Soc; 1000 lbs do sic; 5000 lbs un washed
do 80 1-2o.