Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1867-06-26
wool MARKETS.

The wool market does not seem to open
readily this season. Most of the shearing
in this county has been done, but there il
little or no call from buyers. We have
heard o DISMAL sales at 45c@ 5oc.
The Pittsburgh Commercial of the 2Isi
says that the wool market continues de-
pressed, owing to the downward tenden.
cy of woolens. There is no encourage
ment to increase production. Notwith-
standing stocks are light, prices continue
weak. The trade fer woolens must i'm
prove, Of wool must decline in price still
further. The receipts of wool continue
light but fully upto the demand for pres
ent use. a
The following are the market cash
prices paid here for good m~erchantable
conditioned lots of wool:
Common 3S940c
y ~
and u blood
/ ul blood fleece (choice) .47@50e
Market dull and stocks light.
The New York Commercial List of the
18th says: Domestic wool remains about
the same as for many weeks past, with,
perhaps, more tone to the market for
choice grades of fleece, such as Xxx, of
which we believe there is none in first
hands. The low and medium grades, on
the other hand, are unmistakRbly weak,
Notwithstanding the light supply. Man
ufactures still adhere to the hand-to-
mouth policy, and for obvious reasons
But little of the new clip has thus far
been received, the season being fully two
ruaal-uH laNor thar nasal haa.-chao-S ~
Is now being prosecuted actively all over
the West and the press of that section are
unanimous in the opinion that the clip
win prove TO be lighter on the same num-
Der Of sheep than last year, the cold wet
weather during the spring having proven
ted the secretion of the usual amount of
oil There is every reason to believe,
however, that there has been a considera-
bic addition to foeks, and that the yield
will exceed that Of last year. There Is an
entire absence of spectators in the interi-
or, but it Is nevertheless expected the clip
will come forward freely, from the fact
that money is scarce throughout the West,
which will naturally render farmers anxs
io1s to realize. Foreign is quiet and pri.
ees are full US low, and in some instances
lower, than before the new tariff went in.
to operation. In commenting upon the
effect of that law, it may be remembered
that we took the ground that the exclu-
son of so important q customer as the
United States from foreign markets by
prohibitory duties, would possibly lead to
q reduction abroad equal 70 the increased
rates imposed by the new law. That de-
cline is now taking place, under increased
supplies, in the principal markets of En-
rope. For instance, the imports of wool
into Great Britain during the first four
months of the current year reached 54,-
673, COS pounds, against Al, 955, rs pounds
during the same period in 1856. This has
led TO q settled weakness there, and a sim
liar state of affairs exists in the leading
Continental markets. The sales include
5000 pounds State and Western fleece at
486574c for low to fine, including $1,000
pounds new Ohio at 5Sc for fine washed,
and 8Sc for unwashed; also $4,000 pounds
California, l8@25c for bury to good IN
washed; $4,000 pounds Texas, 2l4@S23c;
1000 pounds 40Ic for lambs, and 44947
for pulled; % bales domest tic mixed focks,
l4e; 100 do Cape, 29c; 1900 pounds East
India, 15!c; and 5000 pounds fine Fribs
on private terms.