The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-08-15
WOOL MAJ KITS.
NEW YORK.

NEW YORK.
The market is very dull, and what
ever is sold is at very low figures. Says
the Economist: "Few are making any
thing on wool they sell. And those man
ufacturers who stayed at home and did
not take their money into the country,
but held it in readiness for the pressure
which has come upon so many have
done the wise thing; they are buying
their wool cheaper than they conld
have got il from the West. Wool is &c
per 10 less than q few weeks ago, and in
some instances even more than that,
for there are some who must sell, let the
price be what it may. Manufacturers
appear now TO have some chance, for
the goods market is certainly improv-
ing: prices have not advanced, but the
goods are selling, and before we can
look for much advance we must have an
active market. When wool was cents
more than it is now, manufacturers then
said they held their own-if so, then
the present price must afford theE' 4
margin, though it may be small one.
Ii is little use at the present time say
ing anything about foreign wool, tn"
is fairly distanced by the low price ut
which domestic fleece is selling. Bnt If
the demand becomes active for woolens,
then all the machinery will come in
play, and at the present price Of produe-
ton it is utterly impossible for impor-
ters to compete with our manufacturers
and pay the duty for the price of
wool now is as low as if there was 10
duty, and when the old stock of foreign
is worked off there must be a general
advance before much can be imported.
And, although the production of domes-
tic wool is very heavy this year, yet 1t
is not equal to the consumption when
all our machinery is employed. Pullcd
wool is again quiet; few weeks ago 1t
was bought freely, because it was cheap
per than fleece; but fleece being now
sold so low few notice pulled, and par
ticnlarly as the long staple is now
about all out of tho market.
Domestic Gambling sells at low prices.
American manufacturers have found
that they can use cOmbing wool if it is
not raised in Canada, and that class of
domestic wool which year are two ago
they thought they cOuld not use at all
they now buy freely. The poorest kind
they will take at about SOC per lb, and
so MP TO 55c; good Cotswold and Leices-
ter is worth about Coo. There is little
of this. however, on the market, and the
BEST of Canada will not bring more
/ than Csc. There is sermon with n
moral, and very big truth contained
, in that word Csc. During the time of
the reciprocity treaty, when gold was
no higher than now, Canada cOmbing
sold for %. Then there was no duty (;
now there is duty of 10c and 10 per
cent. ad valorem making about lSc per Id
currency, and yet the wool is SOC per lib
less. The Canada farmer made money
/ out of the reciprocity treaty. The
American farmer now makes something
out of his rough COARSE wool, ii lie
would only take little more pains
with his rough coarse wool by obtain
ing for his ewes good fnll-bloOded
COtswold or Leicester ram, lie would
soon have the American market to him
self, and fair price for his wool. We
do not think that the American farmer
ought to despair about his wool crop.
| He has the pas two or three years
! Jared much better than either wool
dealers or manufacturers. Both have
lost money heavily.
The sales for the week include $50, 200
lbs fleece in lots at 35a57c, mostly be-
tween 4Oa4sc; $4,000 lbs Texas, part
24a30c; $1,000 lbs California, l9a2lc :;
$1,000 lb tub washed, 45c; SIS bales Port
Phillip average, Sc; 100 bales Donskoi,
10 do do, on private terms; 5000 Id
Noils, SOC: 5000 lbs fine doAprivate terms:
1900 lbs pulled on private terms, part
32c. The $50 bales of Cape reported in
onr last, was sold when reported, so we
are informed by the owners.