The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-09-18
WOOL.
NEW YORK.

We learn from the Economist that the
market is not active nor are prices very
firm, although, generally speaking,
prices are firmer; that is the number
are sensibly diminished whose circum-
stances are such us to compel them to
accept very low prices, and there are
very few who are so foolish rs to be-
lieve that the bottom has fallen out,
and that wool will never reach 1t, but
will continue to drop till there is moth
ing left; and there it will remain. Oc-
casionally holder of wool is found
who appears to DO completely demoral-
lied and is ready to accept any OTTER, II
matters not what, rather than hold for
another season. Wool has been sold
very low in order to meet the condition
of the wooden market, and few purcha-
sers of wool will get their money back;
but this is no fault of commission men;
in many cases they have done all they
could; some have not done as well as
they might. But it does seem some
what strange that wool should have
been so bought that loss is the conse-
quence; because when the season opened
the wooden business WAS rs low rs 1t
could possibly be.
Few factories have large stocks OF
wool. The Salisbury Mills have prob
ably the largest stock of wool on hand
of any manufacturing establishment in
the United States; they bought the
largest in the country of any firm. 1t is
currently reported that McInness, of the
firm of Tyler, McInness u Co., Boston,
bought them over a million 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 sparingly, both in the
country and market. There are very
few firms who have got two months
stock of wool on hand, many who have
not more than one month. The effect OF
this will be to keep steady market,
if not an excited one. Fine
wool, it is expected, Will be
in better demand in a few weeks;
a good many manufacturers are about
changing their works to the production
of finer goods; manufacturers have been
led into the same error they fell into
year ago, being tempted at the low
price ut which inferior weOls were sold
to make low goods, and again the mar
ket is overstocked with the poorer class
of goods, while there is scarcity OF the
best class; this want the importers are
supplying with but little competition.
The great trouble with our manufac-
turers is, that what one docs successfully
all attempt; so that of u certain descrip-
ton of goods we have always plethO-
RI. and OF other descriptions a great
want, and it is this in some measure
which keeps trade in a very depressed
state for these poor goods, when it is ac-
tive for the best descriptions.
Western woods and the lower grades
of other States are pressed upon the
market, while o good degree of conf
dence is felt in the finer grades, and
dealers are not disposed to make con-
cessions on these, but feel that they
will be wanted at better rates than are
now ruling. AS yet, however, the pros
pect for such result is very faint. The
demand for goods is not so great as to
induce manufacturers to increase pro.
duction. THERE'S still q large amount
Of machinery inactive.
The Waterford strike still continues,
and the owners appear to prefer that
the factories should remain idle rather
than increase the cost of production.
For such course there is certainly no
object ut the present price of goods.
For it is the extreme price of produc-
lion, with ne chance at the present for
reducing the price of labor only by
bringing starvation to the laborer,
that so depresse the prices of wool.
Pulled wool is very slow of sale in
The present state of depression in the
fleece market. Super is more active
'han extra, as a large amount has been
lsed for backing cassimeres, and thus
the cost of production.
Canada combing is entirely neglected,
md large amount is still i'm Canada
,r gone to England; little has arrived
N the States yet,
Foreign wool is very quiet under the |
present state Of the market for domestic |
wool.
The sales for the week include about |
e50,0 900 pounds fleece, ranging from 42a |
i5c, except picklock, which commands |
fancy prices. 5000 pounds pulled, at !
SSai3c for super, 4Sa52 for old extra, 32c |
for No. 1, and 62 for choice. Texas is |
not active, and lower at 26aS0c for best
lots, and l6a23 for low descriptions.
California is dull ut 27a32c for spring !
Hip free of burs, 25a3Oe for fall do do; |
bury lots 5al0e per pound less, 10000
pounds Mexican at 2Oia24c. 5000 pounds