The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-07-09
THE WOOL MARKET.
CLEVELAND, q

THE WOOL MA nNnfs
CLEVELAND, q.
If we may put any faith Ia The signs
of the times, says the OiiO Farmer,
crisis i'm the wool trade Tor this season
is near at hand. We do not mean
sensational crisis, but conclusion OF
the blockade, and beginning OF busl-
ness. The agents and principals of
Eastern wool houses are quietly looking
about in the "ool regions, and if they
find prices to suit Will make their offers
The time has come when the new clip
must be had or the mills must stop.
Strictly fine domestic fleece of the old
clip is used up, and the same quality of
foreign woods is equally beyond the
reach of manufacturers. Most of our
wool growers are holding good medium
wool at fifty cents, and they ought to
get it. For that which is very nice
they ought to have ten cents more. We
have advised moderation all along as
the best in the end for this seasons
trade, but we do not advise selling good
wool at present, at the current offers of
81 to 45c.
NEW YORK.
The Economist says: The market is
exceedingly dull, and wool very scarce;
vet no one manifests any great desire
to buy; in fact, till the market for wool
ems becomes better developed, manu-
facturers care little whether they run
their mills or not; and no uneasiness is
manifested because new wool comes
along so slow. 1t is no use of dealers
, -, Wagt NJ
but low prices-for manufacturers can
not pay any advance on present rates.
We have no doubt wool is as low, if
not lower in price, than any other agri
cultural product; and it is not to be
wondered at, that the minds of wool
growers are very much exercised about
the matter, since they are protected by
such very heavy duties; which is the
case with no other common agricultural
product; we have no tariff on wheat,
none on corn, butter or cheese, yet
these articles all bring very high prices;
so does beet, mutton and pork; because
for these there is always a good demand;
while the demand for wool is governed
by the demand for wooden goods, and
so long as the price of woolens is so
We frequently hear persons talk about
the high price they have to pay
to the retail dealers for cloth; now
they ought to bear in mind,
that large quantity of these cloths
are old stock, and the retail men are
trying to work them off at old prices,
anu also at the old system of profits;
but when they buy new goods they pay
different set of prices; our friends, the
wool growers, ought also to understand,
that it is this very heavy stock of old
goods which prevents Il demand for
goods from the manufacturers they
know very well that they will not buy
woolens because he cannot sell his old
stock, and the wool growers will not
buy his wOoleni because they are too
dear. and under this state of things,
they must not be surprised if their wool
does not sell readily, or at very good
prices.
They must also remember that the
manufacturers have to pay heavily to
the commission houses for selling their
goods: that the iobbers must have
/ profits as we'll rs retail dealers, and
| they must also bear in mind that wool
dealers cannot take wool and pay them
ready cash and lay out of their money
six or nine months, grade the wool and
put it in Il shape for the market with
ont some remuneration. We think if
they will consider all these points they
will see that men cannot afford to pay
any higher price for wool than they are
now paying. Small lots of new wool
arc finding their way East, but rs yet
we cannot say at what price they will
be sold. The men who are buying in
the West are certainly cropping in
the dark, and there is no doubt
some of the commission houses
are manifeSting great amount
of courage in advancing. Liberal adj
vanccs are the order of the day, and for
our part we cannot see the di ference of
advancing on cOnsignments and buying,
only we think in the latter case they
might get the wool little cheaper; for
| in order to induce the Western dealers
! to buy, the commission man not unfre-
uucntly assures him that he can obtain
SC per lb more than the market will at
! ford, which induces him to pay more
| for the wool than he otherwise would
do, and the commission house advanc-
ing as much for the wool rs he pays,
will certainly find that they invested
heavier than they would have done had
! they bought the wool directly.
! We understand there has already been
some heavy advances made by some
younger and less experienced houses.
1t is fact that all the competition
manifested in the west is by the COM
mission houses, and we expect to learn
that all the wool in the eastern market
! is conSigned we may believe it or not,
Just as we think proper. We do not
think that those who sell wool on COM
mission always sell it the cheapest. We
know of dealers who sell rs cheap as
any, but we do know that all
are apt to say that wool is consigned
and they will sell it for less than if it
was owned Ivy them; and, if we mistake
not, some manufacturers believe them.
Fine wool is very scarce. Combing
woods are in good supply-regular Can
ada is worth from is to zoe. Coarse do
nestle is also scarce, but il amounts to
little writing about scarcity, because
that does not ut all influence the de-
mand.
We quote as follows: Pennsylvania,
Ohio and Virginia, choice SaXOny tleeces
7Oa75c; Saxony fleeces, 65a70c; three
quarter and full blood Merino, 60a65c,
! blood, 55a60c; t blood 50a55c; common,
45a50c; New York, Michigan and Indiana
full blood and I, 57a60c; blood, 52!a55c;
! / blood, 50a52ic; common, 45a47t &c; west
ern fine; 50a55; medium, 47ia52!c; com
mon, 45a47c.
New York Market.
NEW YORK, July {.